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I have not sold my shares in Marco Polo Marine as its price rose in recent weeks. In fact, I am looking to add to my long position if its share price should do a retracement to support.
OSK Research on 18 Jan 13:
Marco Polo Marine is enjoying 20% premia on its vessel charter rates in Indonesia, yielding a 50 - 60% gross margin on its Offshore Support Vessels (OSVs), due to the severe supply shortage in the country caused by the cabotage law. Target price: 61.0c.
Marco Polo Marine could be continually re-rated upwards over time.
For anyone patient enough, investing in Marco Polo Marine could be very rewarding. It is still under-appreciated and I hope it stays this way for a while more.
Drawing a Fibo fan, it is easy to see that the 20d MA is the immediate support and it also coincides with the 50% line. Share price could move higher from here, hit the 38.2% line before retracing to test the 61.8% line for support or it could move up from here in a fresh attempt to form a higher high. The resistance to watch is at 43c.
Related post:
Marco Polo Marine: Will buy more on pull back.
Bloggy Award
28 comments:
Nice! Collected since 33 to 35 cents.....
Hi JCK,
Got in early, I see. Good on you. :)
Have you considered being a broker or analyst? Maybe you make a lot of money that way...
Hi Jeremy,
You think so? Do they really make a lot of money? It would be nice to earn a lot of money at work for a change. :)
I wonder if I am qualified to be an analyst. I suspect I am not. Haha... A broker? Hmmm... need a big clientele base to make plenty of moolah, I guess.
If you know some multi-millionaire who is looking for an in-house fund manager and willing to pay $12k a month, let me know. Yah, I am cheap, right? ;p
Thanks for the suggestion. I appreciate it. I will probably day dream about it. Nice! :)
Do you think it is a good time to buy into Golden Agri?
Hi Jane,
I believe we are seeing a situation of too much stockpiling of CPO and the depressed CPO price means that Golden Agriculture's results could suffer. Instead, Wilmar would be a beneficiary as it is also a purchaser of CPO.
Anyway, if you are interested in investing in Golden Agriculture and other CPO producers, you might be interested in this website to keep track of the latest developments: http://www.palmoilhq.com/
Good luck. :)
Frankly I learn more from reading your blog than analyst reports...maybe you present yourself better...and I'm pretty sure your TA charts would be useful as entry and exit points for anyone with some TA background. I do my own, but its still a gd ref for me as you use some stuff like Fibonacci and MA that I dun use.
Hi AK,
You cannot be a broker lah, they only ask people to buy..sell.. win or lose they also have commission.
You are definitely our great advisor here, teach us on value/dividend investing, BIG thank you AK!
Die! I bought goldenagri at 62cents, if go south again it is worth to accumulate more? Thanks
Hi Jeremy,
Sigh, there goes the idea of making a lot of money... :(
Haha... ;)
As for TA tools, I switch between a few. Sometimes, I don't even look at any momentum oscillators and just get an idea using candlesticks. TA, over time, has become slightly more emotive for me. So, take what I say with a pinch of salt. ;p
Hi JJ,
Wah! I want! People make, I make. People lose, I make. How to lose like that? Haha... Just kidding. Brokers who are reading this, please don't be offended. You guys are just service providers as far as I am concerned. Of course, services cannot be free. ;p
Adviser? That one, I definitely am not. For the benefit of anyone from the MAS reading this, ahem, I am talking to myself when I blog. I can't help if people hear me talking. Walls are so thin these days...
Golden Agriculture is the world's second biggest CPO producer. So, it is highly leveraged to CPO prices. A few years ago, I opined that it was a good investment when CPO prices was set to go through the roof. Made some pretty good money then.
If we are interested in picking up more shares in Golden Agriculture, we want to check the site I mentioned regularly: http://www.palmoilhq.com/
Get a feel of how things are. It is not perfect, of course but it helps. :)
Could you share what are your usual daily reads?
I presume SGX, the edge are amongst the basic ones...anything else?
Hi AK,
How about YZJ? Still can buy? It undergone a correction recently right?
If fall <38 cent, I will add more:)
Hi AK,
Do book help? I came across one guy mentioning that he read hundred of TA and FA books also cannot help but to join V3go which provide good call. Do you agreed to that?
Hi Jeremy,
My daily read? These days, it would be The Business Times.
I also subscribe to news feeds from The EDGE and CNA. The latest articles are on the left side bar of my blog all the time for easy reference.
I used to subscribe to The EDGE which would be sent to me weekly but I only buy as and when there are articles which interest me these days and only when I happen to chance upon it. I won't go out of the way to buy a copy.
There is so much to read everywhere and I have to be more selective as there are more demands on my time these days. :)
Hi inquisit0,
I will have to pass on this one. I don't know enough to say anything about YZJ. :(
Hi yeh,
If it falls to 38c, I think it would be attractive enough for me to buy more. Of course, 37c would be really nice. ;)
Hi Tom,
Read 100 books on TA and FA? Really? Personally, I think I have not read more than 10 books on TA and FA. This guy is really something. ;p
There are many investment "clubs" in Singapore. I think V3go might be one. They issue BUY and SELL calls and club members just follow. I don't know. It is up to you to decide. :)
Hi AK,
I do believe there are no such thing as easy money of course learn it yourself in the hard way. I think the best way of success is to learn it and understand then listening to others. That why I find that your blog are useful at lease you speak the truth
Hi Tom,
I agree with you, of course. I believe I am the best person for me to depend on in my life because I am unlikely to defraud myself. ;p
As for my blog, I always do my utmost best to say what I believe to be the truth. :)
Cool...thanks AK. Anyways if you were a broker i'd definitely trade with you. at least you value add as a good information source. Most brokers can't provide any form of value added information, hard to find a good one.
Anyway maybe its cos I'm a poor man so the good brokers dunwan me... If I become very rich I'll make you that 12k a mth offer, plus 5% commission from profits...haha
chill and have a great week AK!
haha ak, today gap up.
no chance for me to grab more :P
Hi Jeremy,
OK, I will have to consider this as a retirement job then. ;p
I also look forward to the day you make me that $12k a month job offer plus a 5% incentive on gains! You would make a generous employer. :D
Hi yeh,
I have little doubt that Mr. Market will take notice of stocks which are undervalued over time. ;)
Technically, gaps could be filled but when? That is difficult to say.
Hi
Seem like Marco are heading up
Hi Tom,
I believe that it is quite natural for Mr. Market to recognise undervalued stocks in the course of time. When it would happen is much harder to say, however. :)
hi AK, any view of 2013Q1 result? seems ship building market is still weak.
Hi Ah John,
Marco Polo Marine's share price is still cheap, even now. :)
Their yards are kept very busy with ship repair and maintenance work. They also do upgrading and retrofitting work.
They will be bulding 2 new OSVs for their Indonesian subsidiary, BBR. They are like a total solution company and they make money at every stage.
If we take a longer term view, I have no doubt that Marco Polo Marine's share price is going higher. Any short term pull back is a buy for me. :)
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