<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on November 8, 2019 - November 14, 2019</span></p></div><div class=newsTextDataWrapInner><p><strong>Malaysian Bulk Carriers Bhd (-ve)</strong><br />
TRADING of shares in Malaysian Bulk Carriers Bhd (Maybulk) (fundamental: 1.15/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the eighth time this year, with the previous time on Sept 18.</p></div>

<div class=newsTextDataWrapInner><p>At the closing bell, Maybulk — which closed unchanged at 69.5 sen — recorded a total trading volume of about five million shares, sharply higher compared with its 200-day average of 1.04 million</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>shares.</p></div>

<div class=newsTextDataWrapInner><p>Maybulk was recently in the limelight after the Kuok Group, through its investment vehicle Quetzal Capital Pte Ltd, announced a voluntary conditional cash offer of 21.5 Singapore cents (66 sen) per share to buy out Singapore-listed PACC Offshore Services Holdings Ltd (POSH).</p></div>

<div class=newsTextDataWrapInner><p>In 2008, Maybulk paid S$6.50 per share or a total of US$221 million to buy 34 million shares in POSH. In May last year, Maybulk, also a member of the Kuok Group, disposed of its 21.37% stake in POSH through a renounceable restricted offer for sale to its shareholders on the basis of 386 POSH shares for every 1,000 shares in Maybulk at 65 sen per share — about the same as the offer price of 21.5 Singapore cents.</p></div>


Malaysian Bulk Carriers Bhd (-ve)
TRADING of shares in Malaysian Bulk Carriers Bhd (Maybulk) (fundamental: 1.15/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the eighth time this year, with the previous time on Sept 18.

At the closing bell, ...

Stock With Momentum: Malaysian Bulk Carriers

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<p>Russia attacked Ukraine's energy system and some cities with cruise and ballistic missiles plus drones on Wednesday in an "inhuman" Christmas Day assault, Ukraine's President Volodymyr Zelenskiy said.</p>


<p>Japan's Nippon Steel is seeing support for its proposal to acquire US Steel in the regions of the US where steel mills are located, Nippon Steel's President Tadashi Imai told reporters on Wednesday.</p>
