I bought on base of momentum resonated with trend, candlesticks, and volume.

丰衣足食 : dividends

(A) Report for the current financial period Have dividends reported for the current financial period been declared?

Yes, in view of the Group's excellent results and results in fiscal year 2023, the Board is pleased to announce a special Tier 1 tax-free cash dividend of SGD 8.0 per share as a form of appreciation for long-term shareholders' support. The board further announced that, in accordance with the Group's dividend policy, the final single-tier tax-free cash dividend was SGD 1.0 per share.

Dividend Name Proposed Special Proposed Final Dividend Type Cash Dividend Amount Per Share (in Singapore Dollars) 8.0 1.0 Tax Rate Tax Exempt Total Dividend Filed Tax Exempt Tax Exempt Total Dividend S$43,043,000 S$5,380,000

Dividend Name Temporary Dividend Type Cash Dividend Amount Per Share (in Singapore cents) 2.0 Tax Rate Total Dividend Filed Tax Exempt S$10,761,000

--I can be willing to give a 9sen dividend; there's no reason not to continue supporting it. When you look at the dividends, the dividends almost outweigh the dividends of the three major bank stocks. Investments have sweet fruits.

丰衣足食 : Samudera Shipping Line reported revenue of US$101.2 million, a year-on-year decrease of 68.6% in fiscal year 2023, while revenue fell 41.2% to US$582.9 million.

According to the lower bottom line, Samudera plans to pay a final and special dividend of 9 cents, which would bring the total spending for fiscal year 2023 to 11 cents.

By contrast, it paid a total of 32 cents in fiscal year 2022, when the company made extraordinary profits due to soaring shipping costs and demand after the pandemic.

The Indonesia-based shipping company attributed the lower numbers to “significantly reduced freight rates, particularly for containers”

The shipping part.”

In its earnings review, Samudera Shipping warned that the operating conditions of the container shipping industry are expected to remain challenging because

Vessel availability and port congestion due to the Red Sea conflict.

Samudera Shipping said the group therefore expects freight and charter rates to be unstable in the short term.

Also See: FY 2023 Earnings Soar, Revalues Earnings, HPL Report

Meanwhile, the company added, it is expected to put upward pressure on bunker costs as vessels are diverted to bypass conflict and demand for bunker fuel increases.

Samudera Shipping shares closed at 71 cents on February 27, up 2.9%, but fell more than 40% over the past 12 months.

Simon33OP : Fundamentals are important. TA is something based on price action. Only those fundamentals that were factored in by buyer are included. If fundamentals are very bad, TA buy signals might be short lifed.

丰衣足食 : 0.74 Kakura
Samudera Shipping H2's profit fell 77% to $34.6 million, lower shipping costs

In the second half of the year ending December 31, 2023, SAMUDERA Shipping's net profit fell 77% from US$150.3 million in the previous same period to US$34.6 million.

Revenue fell 46.1% to $277 million, according to regulatory documents issued by the operator on Tuesday (Feb. 27).

Net profit for the year fell 68.6% to US$101.2 million, and revenue fell 41.2% to US$582.9 million.

Earnings per share for fiscal year 2023 were $0.1881, down from $0.5985 the previous year.

The main board-listed company, an Indonesian subsidiary of Samudera, which is listed in Jakarta, said that the decline in revenue for both H2 and fiscal year 2023 was due to lower freight rates in the container shipping sector.

“Although there was a slight year-on-year increase in container handling during these two periods, the average freight rate for this fiscal year declined from the high point caused by the pandemic.”

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The group anticipates that operating conditions for the container shipping industry will remain challenging due to disruptions in ship supply and port congestion due to the Red Sea conflict.

“As a result, the group expects freight and charter rates to fluctuate in the short term.

“At the same time, demand for bunker fuel increases as vessels divert routes to bypass conflict, which is expected to put upward pressure on bunker costs.”

丰衣足食 : In 2024, the dry bulk market will welcome the best year in recent years”
2024-2-27 16:29:17 From: Shipping Circle Focus 1 person has participated and commented
At a time when the spot daily rent for Cape of Good Hope ships hit the best level in February in 14 years, some organizations have already shouted the slogan “2024, the dry bulk market will welcome the best year in recent years”.
Dry bulk ETF trading platform Breakwave Advisors said in the latest biweekly report that the performance of the Cape of Good Hope ship market makes people hopeful for steady performance throughout the year. A series of events around the world have once again proven the huge volatility and upward potential of the dry bulk industry. The current outlook indicates that the dry bulk industry will usher in one of the best years in recent memory.
On February 23, the Baltic Sea Cape of Good Hope Shipping Price Index (BCI) rose 355 points, or 12.7%, to 3,145 points, a record high of more than a month, with a weekly increase of 28%. The average daily rental price for the Cape of Good Hope (5TC) route increased by $2,940 to $26,079.
Peter Lindström, head of research at Torvald Klaveness, said on social media that the Cape of Good Hope Index performed the best in February since 2010, and the average daily rental price of 5TC rose by about 20,800 US dollars/day compared to the same period last year. Meanwhile, the Forward Freight Agreement (FFA) price increased further, with Cape of Good Hope ships rising 1,550/1,175 in March and the second quarter, respectively.
Breakwave Advisors said, “The reason for optimism is simple. The average daily rent for Cape of Good Hope boats can reach $20,000 in the worst months, so the daily rent for the second half of this year should obviously be higher.”
The agency explained that the above relatively simple logic was also fundamentally supported by some events, including the suspension of transportation on the Suez Canal and the Panama Canal. “Mainly, the supply of ships in the Atlantic Ocean is tight, but it also brought quite optimistic psychological expectations to shipowners. Although dry bulk demand has not shown any strong signs so far, and China's economy is growing moderately, supply-side restrictions have been sufficient to tighten the market balance. There is no reason to doubt that this year will be a particularly strong year. Changing the views of freight traders and analysts will require considerable adjustments in the spot market, which seems far away.”
However, Breakwave Advisors stressed that when examining the risks faced by such an optimistic outlook, one should not forget that China is the driving force for dry bulk demand, and China's development dynamics and changing geopolitical issues require close attention.
“So far this year, commodity prices have been relatively stable, and iron ore prices have been low in the recent range, reflecting relatively weak steel demand, but some signs of stabilization in the Chinese real estate market have offset this impact.”
The sign indicated by Breakwave Advisors is a sharp rise in second-hand housing transactions during the Spring Festival.

丰衣足食 : The 9sen dividend, 0.725 investment, and a weekly interest rate of 12.4%, almost outperformed other stocks. Great, even with a stock price of 90 cents, the weekly interest rate is only 10%

丰衣足食 : nextinsight.net...

丰衣足食 : 2023 EPS: 18sen
PE intake: 5 times
Stock price: 90 sen