Stock Name: MAYBULK
Company Name: MALAYSIAN BULK CARRIERS BHD
Company Name: MALAYSIAN BULK CARRIERS BHD
| Research House: CIMB | Price Call: SELL | Target Price: 1.65 |
Target RM1.65
Maybulk's FY11 core net profit missed the boat by 20% because of additional cost items and lower earnings from its associate, POSH. The improvement in bulk earnings is unlikely to continue this year as the BDI has since plunged to a 26-year low.
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