Monday 28 November 2011

Maybulk


Company Name
:
MALAYSIAN BULK CARRIERS BERHAD  
Stock Name
:
MAYBULK  
Date Announced
:
23/11/2011  
Financial Year End
:
31/12/2011
Quarter
:
3
Quarterly report for the financial period ended
:
30/09/2011
The figures
:
have not been audited

Converted attachment :



Please attach the full Quarterly Report here:
MBC 300911 Q3FY11.pdf





Currency
:
Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2011


       
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
       
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
       
30/09/2011
30/09/2010
30/09/2011
30/09/2010
       
$$'000
$$'000
$$'000
$$'000
1Revenue
44,379
109,027
198,946
319,525
2Profit/(loss) before tax
1,060
88,069
77,560
174,914
3Profit/(loss) for the period
921
88,122
76,567
173,961
4Profit/(loss) attributable to ordinary equity holders of the parent
371
87,745
74,916
170,666
5Basic earnings/(loss) per share (Subunit)
0.04
8.77
7.49
17.07
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00








AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7Net assets per share attributable to ordinary equity holders of the parent ($$)
1.6323
1.6858


9 Month cumulative quarters ending 30-9-2011


Income statement

Revenue 198.946m
Profit from operations 56.214m
PBT 77.560m
PAT 76.567m

Finance costs (1.390m)
Income tax expense (0.993m)

Profit attributable to equity holders  74.916m

EPS attributable to equity holders
Basic 7.49 sen.


Balance Sheet

NCA 535.254m
CA  404.998m
TOTAL ASSETS 1,865.137m

TOTAL EQUITY 1,685.130m
NCL 72.009m
CL 107.998m
TOTAL LIABILITIES 180,007m
TOTAL EQUITY AND LIABILITIES 1,865.137m

Net assets per share 1.6323 sen

Asset
Associate 747.920m

Consumable stores 9.213m
Trade receivables  22.745m
Other payables  65.036m

Investments  117.708m

Short term deposits  142.870m
Cash and bank balances  102.305m
LT bank and other borrowings  72.009m
ST bank and other borrowings  42.476m


Dividends paid
30.9.2011  100m
30.9.2010  150m


Cash flow statement

PBT  77.580m
Operating profit before working capital changes 90.473m
Cash generated from operating activities after working capital changes 58.784m

Net cash generated from operating activities 57.582m
Net cash used in investing activities 19.274m
Net cash used in financing activities  (139.245m)

Depreciation and amortisation (21.283m)
Unrealised loss on quoted investments  (11.962m)
Share of results of associate 13.499m
Share of results of jointly controlled entities  9,237m
Gain on disposal of vessels  4,629m

Proceeds from disposal of vessels 57.492m


Segment Profits

Shipping Bulkers  64.710m
Shipping Tankers  (3.069m)
Ship brokerage & management 1.480m
Investment holding & others  (7,767m)

Number of ordinary shares in issue  1,000m


Market Watch






Announcement
Date
Financial
Yr. End
QtrPeriod EndRevenue
RM '000
Profit/Lost
RM'000
EPSAmended
23-Nov-1131-Dec-11330-Sep-1144,3799210.04-
24-Aug-1131-Dec-11230-Jun-1169,65322,5542.19-
25-May-1131-Dec-11131-Mar-1184,91453,0925.27-
23-Feb-1131-Dec-10431-Dec-1084,72568,7116.77-

ttm-EPS  14.27 sen





Share Price Performance
   High
Low
Prices 1 Month
1.890
  (01-Nov-11)
1.550
  (28-Nov-11)
Prices 3 Months1.960  (28-Oct-11)1.550  (28-Nov-11)
Prices 12 Months3.000  (08-Dec-10)1.550  (28-Nov-11)
Volume 12 Months14,485  (04-Apr-11)162  (26-Jul-11)


Malaysian Bulk Carriers Bhd Company Snapshot
Business Description:
Malaysian Bulk Carriers Bhd operates in the Deep sea foreign trans. of freight sector. Malaysian Bulk Carriers Berhad is an investment holding company engaged in international shipping. It operates in three segments: Bulk Carriers, Tankers and Ship Management. As of February 28, 2011, the Company's total fleet was 10 owned and five controlled bulk carriers and three owned tankers. Its bulk carriers are involved in the transportation of dry cargoes comprising major bulks, such as iron ore, coal (steaming and coking coals), grains and minor bulks like sugar, coke and fertilizers, among others. Apart from its own vessels, the Company also charters-in third party vessels to service contracts of affreightment commitments. The tankers are engaged primarily in the seaborne transportation of clean petroleum products, chemicals and vegetable oils. Ship management involves marine operations, technical management of vessels, ship supplies and crewing.In August 2011, the Company winded-up its three wholly owned subsidiaries.


Current Price (11/18/2011): 1.74
(Figures in Malaysian Ringgits)

Recent Stock Performance:
1 Week -1.7% 13 Weeks -2.8%

4 Weeks -13.9% 52 Weeks -39.8%

Malaysian Bulk Carriers Bhd Key Data:

2010 Sales 404,250,000
(Year Ending Jan 2011).
Employees: 371
Market Cap: 1,740,000,000
Shares Outstanding: 1,000,000,000
Closely Held Shares: 674,356,950

Stock Performance Chart for Malaysian Bulk Carriers Bhd

23.11.2011

Price RM 1.66
PE 7.22x
DY 6.02%
Market cap RM 1660.0m

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