$SamuderaShipping (S56.SG)$ is selling below cash per share ...

丰衣足食 : 73 Sen buy

丰衣足食 : 0.74 increments, 0. 785 will be broken in the near future.

丰衣足食 : Samudera Shipping Line Ltd forms a bullish “symmetric continuous triangle” chart pattern

February 16, 2024

Trading Central detected a “symmetric continuous triangle (bullish)” chart pattern formed on Samudera Shipping Line Ltd (S56: SGX-ST). This bullish signal indicates that the stock may rise from the closing price of 0.730 to the 0.820-0.840 range. According to the standard principles of technical analysis, the pattern is formed within 22 days, which is approximately the time period during which it is possible to reach the target price range.

Tell me: the price has risen since the consolidation period, which indicates that the previous upward trend continues.

When the price reaches a lower high and a higher low point, a symmetric continuous triangle (point of view) shows two convergent trend lines. As prices fluctuated back and forth between increasingly narrow ranges, trading volume decreased, reflecting uncertainty about the direction of the market. Then, before the triangle reached its peak, the price broke above the upper trend line, and trading volume increased markedly, confirming that the pattern was a continuation of the previous upward trend.

This bullish pattern can be seen on the chart below and detected by Trading Central's proprietary pattern recognition technology.
74 buy

丰衣足食 : 0.735 buy
description

Samudera Shipping Line Ltd is engaged in transporting containers and non-containerized goods to various ports in Southeast Asia, the Indian Subcontinent, the Far East and the Middle East. It operates through three segments: container shipping, bulk and oil tankers, and agents and logistics. The company provides feeder services for mainline operators between the Singapore hub port and other spoke ports in Asia; liner services for traders and freight forwarders; and interregional container transportation services for manufacturers, exporters and importers. It also provides transportation services for oil, chemicals, natural gas, and liquefied products, as well as dry bulk transportation, warehousing, freight forwarding, and cargo handling services. Additionally, the company provides shipping agency services; and owns, operates and leases vessels. It operates a fleet of 32 ships, including 29 container ships, 2 chemical tankers, and 1 natural gas tanker. The company was founded in 1993 and is headquartered in Singapore. Samudera Shipping Line Ltd is a subsidiary of PT Samudera Indonesia Tbk.

Description

Samudera Shipping Line Ltd engages in the transportation of containerized and non-containerized cargo to various ports in Southeast Asia, the Indian Sub-continent, the Far East, and the Middle East. It operates through three segments: Container Shipping, Bulk and Tanker, and Agencies & Logistics. The company provides feeder services between its hub ports in Singapore and other spoke ports in Asia to main line operators liner services to traders and freight forwarders and inter- Regional container shipping services to manufacturers, exporters, and importers. It also offers shipping services for oil, chemical, gas, and liquefied products, as well as dry bulk transportation, warehousing, freight forwarding, and cargo handling services. In addition, the company provides shipping agency services and owns, operations, and charters practices. It operates a fleet of 32 tanks, including 29 container tanks, 2 chemical tankers, and 1 gas tanker. The company was incorporated in 1993 and is headquartered in Singapore. Samudera Shipping Line Ltd is a subsidiary of PT Samudera Indonesia Tbk.

丰衣足食 : Buy 0.75, 0.785 will break.

丰衣足食 : https://youtu.be/yKNFRmtMCls?feature=shared

—SMDR is an integrated logistics company with 60 years of experience.

• SMDR experienced its heyday due to two external factors, namely a shortage of containers, which led to rising rates, and government stimulus led to increased manufacturing activity

• These 2 external things will no longer happen in 2023 and beyond because the supply chain is normal.

• In 2024, SMDR is experiencing new challenges, namely overcapacity in containers, economic slowdown, inflation, and increased fuel

• The company anticipated this by hoarding cash, expanding conservatively, entering the tanker, bulk and offshore support sectors, and choosing a selective and efficient route.

• We think SMDR's valuation is cheap because investors took into account the decline in performance in 2023 and beyond.

• We think investors will wait and see how SMDR performs in this era

— The new normal.

• Regarding geopolitical conflicts, we think this situation is difficult to predict

Mulia, president of Samudera Indonesia Bani M., said that SMDR has budgeted around US$280 million in capital expenses, which come from internal cash, Islamic bond issuance and bank loan facilities. Capital expenditure is used to add ships, new port projects, and other new projects.

Bani told Bisnis on Monday (August 1, 2024) that Capex 2024 is US$280 million, including additional vessels.

Additionally, Barney explained that the 12 ships will definitely be accepted in 2024.

The details are six container ships, 2 gas tankers, 2 tugboats/tugboats, and 2 barges/barges.

Participate in creating jobs and building human resources (HR) capacity in Indonesia

• Always ensure sustainable business growth while providing added value to shareholders

• Contributing positively to Indonesia's economic growth by providing efficient logistics solutions

• Providing transportation services to meet the distribution needs of goods to and from all corners of Indonesia.

丰衣足食 : 0.72 months ago