Recently, Maybulk returned to the black by reporting a net profit of RM192.53 million for financial year ended Dec 31, 2021 (FY21), mainly on the back of a disposal, snapping a two-year losing streak. It posted a net loss of RM20.78 million in the year prior.
However, it also noted that going forward Maybulk expressed caution as the dry bulk shipping market has come off its peak since October in 4QFY21 as China's energy crunch started to ease following an increase in domestic coal production and the slowing down of industrial activities which reduced iron ore and coking coal imports.
For more details, click here.
Below is the daily chart based on 28 Feb lunch break closing price.
Source :
1) Metastock
2) TheEdgemarkets.com
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