| Latest Forum Topics / Berlian LajuTank |
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OFFER OF 1 FOR 1 @ $220
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james87
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01-Nov-2010 10:00
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When is the 3Q result releasing ?? | ||||
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sureesh40
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28-Oct-2010 17:43
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As I said it keeps falling back to 5 cents or so, it is just 5.5 cents now
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allantanhc
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26-Oct-2010 14:59
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BT has an article on this Counter. Published October 25, 2010 Berlian poised to ride tidal surge By VEN SREENIVASAN Listed in Singapore and Jakarta, the company operates a fleet that includes 63 chemical tankers (making it the world's largest chemical tanker operator), 14 oil tankers, 16 gas tankers and one FPSO (floating production, storage and offloading) vessel. More than a dozen of its ships are now chartered to Pertamina, a company with which it has established a close working relationship. Other key clients include Exxon-Mobil, Dow Chemicals and China Petroleum. But Berlian hit rough waters in recent years as it expanded its fleet amid one of the worst global economic downturns in recent memory. High gearing Windfall Still, Berlian's biggest windfall will come from an Indonesian government ruling - in January this year - requiring all domestic cabotage to be done only by Indonesian-flagged or Indonesian-owned vessels. The Indonesian shipping market presents US$5-6 billion of growth opportunities in the next two years. Pertamina itself spends US$500 million a year on chartering. To say that players such as Berlian - the country's largest shipping company - is well placed to capture a huge slice of this market may be an understatement. In presentations to investors, company officials say that the implementation of the new Indonesian cabotage rules could translate into an IRR (internal rate of return) of up to 50 per cent and would provide Ebitda margin of up to 80 per cent. Not surprisingly, the stock has recently woken up from a slumber, surging 50 per cent on high volumes last week. Much of the trading was on the Jakarta bourse. Do Indonesian investors know something their Singapore cohorts have yet to sniff out? Perhaps. Mr Yap of CIMB reckons that the stock, at six cents, is still undervalued and too cheap relative to its NTA and its global peers. The numbers suggest that he is right. Berlian could be poised to ride one huge tidal surge amid a sharp recovery in the Indonesian shipping sector. The purchase of companies such as Camillo Eitzen & Co (for US$251 million) and ChemBulk (for US$850 million) at a time when energy demand was slumping weighed down its balance sheet. Meanwhile, its gearing soared to 2.1 times as the company raised some US$731 million between the first half of 2009 and March this year. The market did not appreciate the dilutive impact of cash raisings through some US$190 million in rights issue and US$125 million in convertible bonds in late 2009 and early 2010, and sent its stock reeling to a tenth of its price at 3.5 cents by the middle of this year. Yet, the company doggedly pursued its strategy of fleeting up, insisting that its debt was manageable, given its growth and strong cashflows. It believed that building up its 'firepower' during the downturn would put it in a position to capitalise on growth opportunities when the global economy recovers. It may yet be proven right. In the first half of 2010, its Ebitda (earnings before interest, taxes, depreciation, and amortisation) of US$127.2 million versus interest expense of US$64.5 million translated into a manageable interest cover of 1.97 times. Meanwhile, Berlian's diversified fleet mix has enabled it to achieve earnings stability and capitalise on expansion of the global energy market, and achieve strong margins. It has also maintained a balance between spot contracts, time charters and contracts of affreightment. This has enabled it to achieve an Ebitda compound annual growth rate of over 22 per cent since 1990, thus outperforming global peers such as Odfjell and Stolt-Nielsen. Demand growth for Berlian's chemical tanker charters has generally been twice the GDP growth rate, due to a pick-up in industrial production and global demand for plastics. With global GDP growth now forecast (by the International Monetary Fund) at 3.9 per cent this year and 4.3 per cent in 2011, the company expects demand growth for chemical freight to outstrip net global fleet growth through the next two years. CIMB analyst Raymond Yap, who tracks the company closely, reckons that Berlian can post Ebitda of between US$272 million and US$325 million annually over the 2010-2012 period. Meanwhile, the company has broadened its global footprint, with offices now in Dubai, Glasgow, Shanghai, Mumbai and Sao Paulo. And while riding the recovery of the traditional energy markets, it is also preparing for demand growth for 'green fuels' such as biodiesels and ethanol. AS the saying goes, a rising tide raises all boats. But some boats can be buoyed higher if they catch the crest of a rising wave. One company which looks poised to ride such a wave is chemical and fuel tanker operator Berlian Laju Tanker. Set up in 1981 as a small shipping company with just two tankers chartered to Indonesian state- owned energy giant Pertamina, Berlian Laju is today one of the world's leading seaborne energy transportation players, boasting a fleet of 105 tankers totalling some 2.4 million deadweight tonnes and averaging 7.5 years. |
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StockGuru
Member |
24-Oct-2010 19:32
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Look at where it is nw! 0.06! And it touched 0.065 two days ago. So what do u haf to say abt tat? Come on tis gt the potential
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sureesh40
Senior |
19-Oct-2010 12:47
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But the problem is the price keeps falling back to 4 to 5 cents | ||||
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freeme
Elite |
19-Oct-2010 12:19
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anyone who bot it at 3.5cts can hope for a double in few mth.. very gd | ||||
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bladez87
Master |
19-Oct-2010 12:12
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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only started moving last month. any news? or is just a BB push? | ||||
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ozone2002
Supreme |
19-Oct-2010 11:35
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this berlian laju looks interesting.. have to do some due diligence b4 investing.. |
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ravikp
Member |
16-Oct-2010 18:39
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Lucky me in the boat ...see how long it will go...8 cents is a good money in near term...
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StockGuru
Member |
16-Oct-2010 13:24
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News from Next Insight Link at : http://nextinsight.biz/index.php/story-archive-mainmenu-60/903-2010-/3074-berlian-laju-cheung-woh-what-analysts-say-now Excerpts from CIMB’s report released yesterday afternoon…. Rising tide lifts all boats – Get on one now before it’s too late • With the STI hitting a 2-year high yesterday, we believe it won’t be long before investors, punters and traders focus their attention on value small to mid cap stocks. • We have identified two attractive small to mid cap “boats” that you might like to board. 200_tanker Berlian Laju is in the chemical tanker business. Berlian Laju Tanker (BLTA SP; S$0.05) • Impressive jump yesterday. This mid cap gem gained 22% from S$0.045 to S$0.055 yesterday on strong volume, earning its place on the Top 20 most traded chart as well as the Top Gainers chart. • Still undervalued. In spite of the 22% jump, BLTA is still trading at 0.5x P/BV, a discount to its peer average of 0.8x P/BV. • Near term catalyst. BLTA managed a turnaround with a small core net profit of US$1.1m in 2Q10. We expect BLTA’s earnings to be boosted by strong investment income in the second half of this year. A positive 3Q10 results release in the next few weeks could signify an end to BLTA’s woes and could give BLTA’s share price a near term boost, in our view. • Recommendation: Outperform with target price of S$0.09. |
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freeme
Elite |
13-Oct-2010 15:11
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after a long wait... finally move liao.. lets all hope for the best and head for higher.. | ||||
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StockGuru
Member |
13-Oct-2010 07:06
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It's touched 0.05 yest! Means it's going on a upward trend soon. Great job MekMiRic | ||||
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MekMiRic
Member |
06-Oct-2010 07:55
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who's playing with BLJ? buy 0.045 up but then drop off cos no one follow... [vested] |
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MekMiRic
Member |
04-Oct-2010 21:01
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join you...huat ah!!!!! [vested] |
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StockGuru
Member |
04-Oct-2010 18:13
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Huat arh~ Starting to move off soon. Shipping industry going to be in cycle again. I'm gonna stock up more at 0.045. Join me if u wan =P See the graphs of the past historic price and u will know it have not reach it's potential back then be4 crisis |
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sarsar
Senior |
30-Sep-2010 14:32
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The chart looks like going for a breakout soon? .... its price is very low liao |
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ravikp
Member |
30-Sep-2010 14:25
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This counter these few days got some movement...itching to buy...anything brewing?
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freeme
Elite |
30-Sep-2010 14:22
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me.
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sarsar
Senior |
30-Sep-2010 14:15
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Anyone still holding this ? |
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freeme
Elite |
22-Sep-2010 14:59
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on indonesia index is nw trading at 280.. which is = to abt more than 4cts on sgx. Seems interest is back.. |
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