Samudera Shipping

[Behappyalways]

Also sold Sinar Kapuas
https://www.hyqfocus.com/resource/report...report.pdf

Company seems to have sold a ship (Sinar Kutai) recently but not reported.....
https://www.hyqfocus.com/resource/report...report.pdf

[Behappyalways]

DISCLOSEABLE TRANSACTION – VESSELS DISPOSAL
https://links.sgx.com/FileOpen/Disposal%...eID=573213


The disposal together with the US$19.5m assets for sale in 2Q will add up to US$40m or around 10 Singapore cents per share

[ZZF]

DISCLOSEABLE TRANSACTION – VESSELS DISPOSAL  
https://links.sgx.com/FileOpen/Disposal%...eID=573213


The disposal together with the US$19.5m assets for sale in 2Q will add up to US$40m or around 10 Singapore cents per share

The 19.5m asset for sale is the same disposal in the announcement.

[Behappyalways]

Yes zzf you are right. Thanks for correcting my mistakes. Apologies.

[ZZF]

Yes zzf you are right. Thanks for correcting my mistakes. Apologies.

And I thank you for all the updates on this counter

[Squirrel]

Samudera Shipping Line is an interesting investment proposition at the moment. Container shipping rates are at an unprecedented high. Shipping companies' share prices are on a tear in general.

Driven by a historical high in cash levels, I am of the view that they will look to boost shareholder value by 1) special dividends, 2) share buybacks, 3) expanding in Industrial Shipping in Indonesia via the newly proposed JV structure in the recently announced AGM.

For further details you can refer to https://www.thesquirrelsdrey.com/post/sa...t-or-is-it

[Squirrel]

Trying to get a glimpse into how Samudera shipping is doing in Q1 2021 with the persistently high container shipping rates! Definitely a cash cow under the current environment, bolstering its' next possible move in share buybacks, special dividends and building up its dry bulk and tanker businesses.

More details in https://www.thesquirrelsdrey.com/post/sa...021-update

[Squirrel]

Trying to get a glimpse into how Samudera shipping is doing in Q1 2021 with the persistently high container shipping rates! Definitely a cash cow under the current environment, bolstering its' next possible move in share buybacks, special dividends and building up its dry bulk and tanker businesses.

More details in https://www.thesquirrelsdrey.com/post/sa...021-update

Hijacking the news that the other thread was discussing

https://finance.yahoo.com/news/shipping-...36589.html

After the analysis that I have made on the website relating to how Samudera is doing in Q1 2021, it is obvious that the freight rates have not let up up till last Friday. That’s another 2 solid months of of cash generation from Samudera’s container shipping business. From its parent company’s results, Samudera Shipping Line is profiting from the boom at circa 1.4 sgd cents per month if the container shipping rates continue to stay high. A rough estimate would give a book value of circa SGD$0.561 per share up to May and if this carries on, SGD$0.575 per share by Jun 2021 with cash balances likely surpassing its current market capitalization. 

I hope my interpretation of the parent results are right. If it is, we are in for a big upside surprise when Samudera Shipping Line releases its 1H results. Profits will be at a multiple of full year results.

Sit tight!

[Squirrel]

Just updating what is happening in the market. Just how cheap Samudera is, is frankly shocking. If my analysis of the parent company's 1Q results is right, we would have the following stats.




Please note that

• Net Book Value is as of Mar 2021 (with Samudera being extrapolated for Q1 results)
  
• Closing Prices is as of 01 Jun 2021
  
• Annualised PE is simply Q1 2021 earnings x 4
  

                                         Samudera               Yang Ming Marine               Wan Hai Lines                    Evergreen Marine                 Cosco Shipping                    Cosco (A Shares)

Price as of 01 Jun              $0.315                    NT$112.50                        NT$159.50                        NT$108.00                          HK$16.24                            ¥22.35


Share Count                      539,131,000           3,167,662,000                  2,218,297,000                  5,221,556,000                     2,580,600,000                    9,678,929,227


Market Cap (LCY)              $169,826,26           NT$356,361,975,000        NT$353,818,371,500        NT$563,928,048,000           HK$304,915,746,146


Q1 Net Income                  $22,877,520           NT$12,187,000,000          NT$14,777,834,000         NT$36,083,120,000              HK$18,732,576,853


Annualised PE                    1.86                        7.31                                   5.99                                 3.91                                      4.07


Net Book Value                  $281,285,059         NT$62,449,834,000           NT$59,728,069,000        NT$149,837,402,000            HK$118,043,384,600


PB Ratio                            0.60                        5.71                                   5.92                                 3.76                                      2.58


USDSGD                                                                                                                                                                                                                                        CNYHKD


1.3224                                                                                                                                                                                                                                           1.2158

[Squirrel]

https://www.hellenicshippingnews.com/cos...-a-decade/

All the shipping companies have breached their ten year highs in this current high freights environment with Evergreen, Yang Ming and Wan Hai reaching 2-5 times of historical highs.

Evergreen, Yang Ming and Wan Hai have all released their May revenues and all are further improved from April and higher than any of the months in Jan to Mar.

Will be exciting to see how Samudera will do in their 1H since everything points towards a better Q2 than Q1. And we can all imply the Q1 results through the exercise that I have detailed in the analysis via the parent company.