February 25, 2011

SYSCORP - Shin Yang lowered to 'hold'

Stock Name: SYSCORP
Company Name: SHIN YANG SHIPPING CORP BHD
Research House: AMMB

Shin Yang Shipping Corp, a Malaysian shipping services provider, was cut to “hold” from “buy” at AmResearch Sdn Bhd to reflect weak shipping rates and a slow recovery in the Middle East.

The fair value for the stock was reduced to 95 sen, Alex Goh, a Kuala Lumpur-based analyst at AmResearch, said in a report today. -- Bloomberg

3 comments:

  1. VERY lousy & injured shipping Co. Since listing, NEVER up, always DOWN. Wonder what the Big BOSS i.e. Tan Sri Datuk Ling C H a.k.a.MADOFF doing with d shareholders $$$, if any left!! Shame! Shame!

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  2. Soon, Shin Yang Shipping share will drop to 44cents. Mush sell now & BUY BENALEC(5190). Same line, except Benalec boses are very HARD WORKING & HONEST. Shin Yang Shipping run by Ling Conman Hangkang.

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  3. Permodala Nasional Bhd owns 58,000,000(4.83%)shares + EPF 33,330,000(2.76%)shares in Shin Yang Shipping Bhd. How come our Rakyat Money & Bumiputera Money being invested such a STUPID & NO BRAIN way?? Someone eg MACC or MP should look into this ASAP. Thanks

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