KUALA LUMPUR: Shipping company Malaysian Bulk Carriers Bhd’s (Maybulk) prospects may be looking up after having been being hit by depressed charter rates, and the stock now presents investors with an opportunity to ride on an “earnings rebound-cum-value unlocking play", HwangDBS Vickers Research said.
The stock, currently trading at around RM1.80, recovered from a low of RM1.29 in late December last year to hit a 17-month high of RM1.89 on Tuesday, and the share price is set “to plot higher highs and higher lows” going forward.