Samudera Shipping

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Most probably the company earns about above 25 cents for the year (FY2021) with 4th quarter contributing the highest quarter since freight rates in 4th quarter are much higher than 3rd

That's about a  PE of more than 2 at present price. Maybe less than 2 depending on 4th quarter contribution.

There's a worry if FY2022 will see a collapse in earnings. But with increasing clarify, I think we might  even see an increased in earnings. Firstly if 4th quarter FY2021 freight rates is carried into 1Q FY2022, we might see 10-12 cents earnings for 1Q. That is about 40% of FY2021 estimate earnings of 25 cents. To make the rest of 60% in the next 3 quarters is highly probable if rates do not fall too significantly.


But the main reason I think FY2022 we will see a huge increase in annual rates. I have been pondering why Samudera's earnings did not rise as significantly compared to its competitor RCL. My guess now is that the company is locked into low rates which are due for revision. With freight rates much higher now than the start of the year, the company will most probably see a much higher revised rates.

The main shippers all have annual rates agreement with their main customers so my guess is that Samudera does so especially with the main line operators it is dealing with. I could not find any newer information on the annual rates agreement and this is what I can find. Maybe someone can ask for an update on this during their next AGM.

As a feeder operator, our CCAs (connecting carrier agreements) with main line operators are applied on annual basis, therefore they can help to avoid rate cutting. Internally we have intensified cost efficiency programs

https://samudera.listedcompany.com/qa_20010628.html

(Significant portion of revenue of which rates to be revised)
Samudera has 2 customers contributing 36% of FY20 revenue

https://research.sginvestors.io/2021/07/...0.html?m=1


If investment is buying a portion of a business. At present price of 54 cents, the company has already earned the FY2021 25 cents and for FY2022, probably it will be able to matched FY2021 earnings
You can find more of my postings in http://investideas.net/forum/
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Messages In This Thread
Samudera Shipping - by kagemusha - 02-09-2014, 10:26 AM
RE: Samudera Shipping - by merxantia - 02-09-2014, 01:50 PM
RE: Samudera Shipping - by Gaudente - 02-09-2014, 02:01 PM
RE: Samudera Shipping - by kagemusha - 03-09-2014, 11:35 AM
RE: Samudera Shipping - by kagemusha - 04-09-2014, 10:59 AM
RE: Samudera Shipping - by kagemusha - 28-10-2014, 11:37 AM
RE: Samudera Shipping - by Behappyalways - 29-01-2015, 08:44 PM
RE: Samudera Shipping - by GiraffeValue - 29-01-2015, 09:55 PM
RE: Samudera Shipping - by Behappyalways - 29-01-2015, 10:44 PM
RE: Samudera Shipping - by kelvesy - 29-01-2015, 11:13 PM
RE: Samudera Shipping - by chongsk - 30-01-2015, 12:27 PM
RE: Samudera Shipping - by ngcheeki - 30-01-2015, 02:43 PM
RE: Samudera Shipping - by Behappyalways - 30-01-2015, 06:29 PM
RE: Samudera Shipping - by kelvesy - 01-02-2015, 10:35 PM
RE: Samudera Shipping - by Behappyalways - 24-02-2015, 06:16 PM
RE: Samudera Shipping - by Behappyalways - 16-03-2015, 10:33 AM
RE: Samudera Shipping - by Behappyalways - 26-02-2015, 09:41 PM
RE: Samudera Shipping - by Behappyalways - 27-02-2015, 08:06 AM
RE: Samudera Shipping - by old friend - 27-02-2015, 10:59 AM
RE: Samudera Shipping - by Behappyalways - 11-03-2015, 10:17 PM
RE: Samudera Shipping - by Behappyalways - 05-04-2015, 06:06 PM
RE: Samudera Shipping - by CityFarmer - 05-04-2015, 08:47 PM
RE: Samudera Shipping - by Behappyalways - 09-04-2015, 07:57 PM
RE: Samudera Shipping - by Behappyalways - 13-04-2015, 02:32 PM
RE: Samudera Shipping - by old friend - 27-04-2015, 10:38 AM
RE: Samudera Shipping - by Behappyalways - 28-04-2015, 07:22 PM
RE: Samudera Shipping - by Behappyalways - 28-04-2015, 07:43 PM
RE: Samudera Shipping - by ngcheeki - 28-04-2015, 10:29 PM
RE: Samudera Shipping - by Behappyalways - 28-04-2015, 10:38 PM
RE: Samudera Shipping - by ngcheeki - 28-04-2015, 10:58 PM
RE: Samudera Shipping - by Petertan - 29-04-2015, 11:28 AM
RE: Samudera Shipping - by Behappyalways - 07-05-2015, 11:26 AM
RE: Samudera Shipping - by Behappyalways - 07-05-2015, 02:30 PM
RE: Samudera Shipping - by ngcheeki - 07-05-2015, 03:18 PM
RE: Samudera Shipping - by Behappyalways - 07-05-2015, 03:31 PM
RE: Samudera Shipping - by noob_investor - 07-05-2015, 06:22 PM
RE: Samudera Shipping - by ngcheeki - 07-05-2015, 07:52 PM
RE: Samudera Shipping - by krowten - 07-05-2015, 03:21 PM
RE: Samudera Shipping - by Behappyalways - 07-05-2015, 05:48 PM
RE: Samudera Shipping - by Behappyalways - 13-05-2015, 09:01 AM
RE: Samudera Shipping - by krowten - 13-05-2015, 11:07 AM
RE: Samudera Shipping - by Behappyalways - 14-05-2015, 02:37 PM
RE: Samudera Shipping - by Behappyalways - 27-05-2015, 08:47 AM
RE: Samudera Shipping - by krowten - 21-06-2015, 01:18 PM
RE: Samudera Shipping - by krowten - 23-06-2015, 08:05 AM
RE: Samudera Shipping - by Behappyalways - 07-07-2015, 04:11 PM
RE: Samudera Shipping - by Behappyalways - 09-07-2015, 10:26 AM
RE: Samudera Shipping - by Behappyalways - 30-07-2015, 01:06 PM
RE: Samudera Shipping - by krowten - 30-07-2015, 01:55 PM
RE: Samudera Shipping - by Behappyalways - 30-07-2015, 07:13 PM
RE: Samudera Shipping - by Behappyalways - 14-08-2015, 05:33 PM
RE: Samudera Shipping - by GenS70 - 16-08-2015, 02:41 PM
RE: Samudera Shipping - by Behappyalways - 27-08-2015, 10:40 AM
RE: Samudera Shipping - by Behappyalways - 13-10-2015, 08:36 AM
RE: Samudera Shipping - by ngcheeki - 28-10-2015, 10:35 PM
RE: Samudera Shipping - by krowten - 29-10-2015, 07:50 AM
RE: Samudera Shipping - by greengiraffe - 29-10-2015, 01:39 PM
RE: Samudera Shipping - by Behappyalways - 30-10-2015, 06:08 PM
RE: Samudera Shipping - by greengiraffe - 30-10-2015, 06:16 PM
RE: Samudera Shipping - by Behappyalways - 30-10-2015, 06:39 PM
RE: Samudera Shipping - by greengiraffe - 30-10-2015, 07:55 PM
RE: Samudera Shipping - by Behappyalways - 26-02-2016, 12:16 PM
RE: Samudera Shipping - by Behappyalways - 28-04-2016, 07:06 AM
RE: Samudera Shipping - by Gaudente - 28-04-2016, 12:30 PM
RE: Samudera Shipping - by Behappyalways - 03-07-2016, 06:39 PM
RE: Samudera Shipping - by ZZF - 05-07-2016, 03:27 PM
RE: Samudera Shipping - by Behappyalways - 05-07-2016, 04:38 PM
RE: Samudera Shipping - by ZZF - 06-07-2016, 10:59 PM
RE: Samudera Shipping - by Gaudente - 29-07-2016, 11:03 PM
RE: Samudera Shipping - by Behappyalways - 15-04-2017, 12:01 PM
RE: Samudera Shipping - by ngcheeki - 27-04-2017, 04:56 AM
RE: Samudera Shipping - by Behappyalways - 18-10-2017, 10:57 AM
RE: Samudera Shipping - by Behappyalways - 28-10-2017, 03:45 PM
RE: Samudera Shipping - by Behappyalways - 28-02-2018, 07:47 PM
RE: Samudera Shipping - by Behappyalways - 05-04-2018, 03:51 PM
RE: Samudera Shipping - by Behappyalways - 03-03-2019, 03:49 PM
RE: Samudera Shipping - by Gaudente - 09-03-2019, 06:45 PM
RE: Samudera Shipping - by Behappyalways - 11-03-2019, 07:45 AM
RE: Samudera Shipping - by Behappyalways - 28-04-2019, 03:56 PM
RE: Samudera Shipping - by Behappyalways - 23-07-2019, 02:50 PM
RE: Samudera Shipping - by Behappyalways - 31-07-2019, 08:17 PM
RE: Samudera Shipping - by Behappyalways - 05-08-2019, 08:16 PM
RE: Samudera Shipping - by ZZF - 05-08-2019, 10:32 PM
RE: Samudera Shipping - by Behappyalways - 06-08-2019, 06:24 AM
RE: Samudera Shipping - by ZZF - 06-08-2019, 11:08 AM
RE: Samudera Shipping - by Squirrel - 09-04-2021, 08:09 PM
RE: Samudera Shipping - by Squirrel - 24-02-2022, 09:48 PM
RE: Samudera Shipping - by Squirrel - 06-05-2021, 10:38 PM
RE: Samudera Shipping - by Squirrel - 31-05-2021, 03:11 PM
RE: Samudera Shipping - by Yoyo - 26-07-2021, 09:58 PM
RE: Samudera Shipping - by Squirrel - 28-07-2021, 10:32 PM
RE: Samudera Shipping - by Squirrel - 02-06-2021, 09:07 AM
RE: Samudera Shipping - by Squirrel - 11-06-2021, 10:28 AM
RE: Samudera Shipping - by Squirrel - 21-06-2021, 02:16 PM
RE: Samudera Shipping - by Squirrel - 27-06-2021, 11:42 AM
RE: Samudera Shipping - by Squirrel - 27-06-2021, 11:48 AM
RE: Samudera Shipping - by ¯|_(ツ)_/¯ - 07-07-2021, 08:03 AM
RE: Samudera Shipping - by Yoyo - 27-07-2021, 12:14 PM
RE: Samudera Shipping - by Behappyalways - 28-07-2021, 08:41 AM
RE: Samudera Shipping - by Squirrel - 28-07-2021, 10:46 PM
RE: Samudera Shipping - by Coco - 29-07-2021, 08:48 AM
RE: Samudera Shipping - by Squirrel - 29-07-2021, 10:08 AM
RE: Samudera Shipping - by Yoyo - 29-07-2021, 10:05 AM
RE: Samudera Shipping - by Squirrel - 29-07-2021, 10:56 AM
RE: Samudera Shipping - by Yoyo - 29-07-2021, 11:33 AM
RE: Samudera Shipping - by Yoyo - 07-08-2021, 12:26 PM
RE: Samudera Shipping - by Squirrel - 07-08-2021, 07:36 PM
RE: Samudera Shipping - by Yoyo - 29-07-2021, 11:41 AM
RE: Samudera Shipping - by Squirrel - 05-08-2021, 08:21 PM
RE: Samudera Shipping - by Behappyalways - 06-08-2021, 09:40 AM
RE: Samudera Shipping - by Squirrel - 06-08-2021, 04:30 PM
RE: Samudera Shipping - by Squirrel - 12-08-2021, 04:52 PM
RE: Samudera Shipping - by opmi - 12-08-2021, 06:34 PM
RE: Samudera Shipping - by Yoyo - 23-08-2021, 04:00 PM
RE: Samudera Shipping - by Behappyalways - 24-08-2021, 08:53 AM
RE: Samudera Shipping - by Yoyo - 25-08-2021, 07:22 PM
RE: Samudera Shipping - by Squirrel - 26-08-2021, 01:56 PM
RE: Samudera Shipping - by Squirrel - 27-08-2021, 08:15 AM
RE: Samudera Shipping - by Behappyalways - 26-08-2021, 03:53 PM
RE: Samudera Shipping - by Yoyo - 06-09-2021, 11:03 AM
RE: Samudera Shipping - by opmi - 06-09-2021, 02:07 PM
RE: Samudera Shipping - by Yoyo - 07-09-2021, 11:43 AM
RE: Samudera Shipping - by Behappyalways - 07-09-2021, 12:34 PM
RE: Samudera Shipping - by weijian - 25-02-2022, 10:02 AM
RE: Samudera Shipping - by Shiyi - 25-02-2022, 06:23 PM
RE: Samudera Shipping - by dreamybear - 25-02-2022, 10:28 PM
RE: Samudera Shipping - by Behappyalways - 19-09-2021, 02:57 PM
RE: Samudera Shipping - by Behappyalways - 29-10-2021, 06:48 PM
RE: Samudera Shipping - by Behappyalways - 01-11-2021, 10:44 AM
RE: Samudera Shipping - by Mushy - 03-11-2021, 10:03 AM
RE: Samudera Shipping - by Behappyalways - 21-11-2021, 08:31 PM
RE: Samudera Shipping - by Behappyalways - 26-11-2021, 04:45 PM
RE: Samudera Shipping - by Behappyalways - 03-12-2021, 03:38 PM
RE: Samudera Shipping - by Yoyo - 05-12-2021, 02:22 PM
RE: Samudera Shipping - by Behappyalways - 07-12-2021, 08:06 AM
RE: Samudera Shipping - by Behappyalways - 10-12-2021, 03:02 PM
RE: Samudera Shipping - by Mushy - 15-12-2021, 09:41 AM
RE: Samudera Shipping - by Behappyalways - 30-12-2021, 10:38 AM
RE: Samudera Shipping - by valuebuddies - 10-01-2022, 10:50 AM
RE: Samudera Shipping - by Behappyalways - 19-01-2022, 03:14 PM
RE: Samudera Shipping - by Behappyalways - 08-02-2022, 02:04 PM
RE: Samudera Shipping - by valuebuddies - 14-02-2022, 12:27 PM
RE: Samudera Shipping - by Behappyalways - 19-02-2022, 10:38 AM
RE: Samudera Shipping - by Behappyalways - 22-02-2022, 09:05 AM
RE: Samudera Shipping - by Behappyalways - 24-02-2022, 06:37 PM
RE: Samudera Shipping - by Yoyo - 26-02-2022, 06:34 PM
RE: Samudera Shipping - by Squirrel - 27-02-2022, 10:00 AM
RE: Samudera Shipping - by valuebuddies - 24-02-2022, 06:59 PM
RE: Samudera Shipping - by Behappyalways - 25-02-2022, 08:49 AM
RE: Samudera Shipping - by Behappyalways - 25-02-2022, 09:17 AM
RE: Samudera Shipping - by ¯|_(ツ)_/¯ - 26-02-2022, 10:26 AM
RE: Samudera Shipping - by Yoyo - 27-02-2022, 05:48 PM
RE: Samudera Shipping - by Behappyalways - 28-02-2022, 06:10 PM
RE: Samudera Shipping - by Yoyo - 01-03-2022, 05:09 PM
RE: Samudera Shipping - by Squirrel - 11-03-2022, 01:53 PM
RE: Samudera Shipping - by valuebuddies - 14-03-2022, 11:30 PM
RE: Samudera Shipping - by Behappyalways - 17-03-2022, 06:09 PM
RE: Samudera Shipping - by valuebuddies - 21-03-2022, 05:31 PM
RE: Samudera Shipping - by fallscushion - 31-03-2022, 03:52 PM
RE: Samudera Shipping - by Behappyalways - 31-03-2022, 05:46 PM
RE: Samudera Shipping - by Behappyalways - 31-03-2022, 07:01 PM
RE: Samudera Shipping - by Behappyalways - 05-04-2022, 06:34 PM
RE: Samudera Shipping - by Behappyalways - 06-04-2022, 10:33 PM
RE: Samudera Shipping - by Behappyalways - 07-04-2022, 07:35 PM
Samudera Shipping QnA - by Yoyo - 08-04-2022, 04:23 PM
RE: Samudera Shipping - by Behappyalways - 09-04-2022, 09:10 AM
RE: Samudera Shipping - by Behappyalways - 11-04-2022, 10:10 PM
RE: Samudera Shipping - by Behappyalways - 13-04-2022, 08:14 PM
RE: Samudera Shipping - by Yoyo - 18-04-2022, 05:15 PM
RE: Samudera Shipping - by Behappyalways - 20-04-2022, 07:47 PM
RE: Samudera Shipping - by Behappyalways - 20-04-2022, 08:01 PM
RE: Samudera Shipping - by Mushy - 20-04-2022, 10:19 PM
RE: Samudera Shipping - by Squirrel - 24-04-2022, 09:49 PM
RE: Samudera Shipping - by Mushy - 25-04-2022, 02:53 PM
RE: Samudera Shipping - by Squirrel - 25-04-2022, 06:47 PM
RE: Samudera Shipping - by Squirrel - 21-06-2022, 08:55 AM
RE: Samudera Shipping - by weii - 27-04-2022, 07:35 AM
RE: Samudera Shipping - by Coco - 27-04-2022, 04:35 PM
RE: Samudera Shipping - by weii - 27-04-2022, 06:35 PM
RE: Samudera Shipping - by Behappyalways - 29-04-2022, 03:10 PM
RE: Samudera Shipping - by Behappyalways - 29-04-2022, 03:59 PM
RE: Samudera Shipping - by Yoyo - 29-04-2022, 05:17 PM
RE: Samudera Shipping - by weijian - 30-04-2022, 09:10 AM
RE: Samudera Shipping - by Yoyo - 26-06-2022, 05:48 PM
RE: Samudera Shipping - by Squirrel - 02-07-2022, 06:36 PM
RE: Samudera Shipping - by ghchua - 03-07-2022, 11:24 AM
RE: Samudera Shipping - by Squirrel - 03-07-2022, 05:52 PM
RE: Samudera Shipping - by ghchua - 03-07-2022, 07:17 PM
RE: Samudera Shipping - by Squirrel - 03-07-2022, 08:59 PM
RE: Samudera Shipping - by ghchua - 04-07-2022, 09:42 AM
RE: Samudera Shipping - by Squirrel - 04-07-2022, 01:41 PM
RE: Samudera Shipping - by bryan2003 - 26-06-2022, 09:30 PM
RE: Samudera Shipping - by Yoyo - 01-07-2022, 02:43 PM
RE: Samudera Shipping - by Yoyo - 01-07-2022, 02:50 PM
RE: Samudera Shipping - by Behappyalways - 01-07-2022, 05:42 PM
RE: Samudera Shipping - by Yoyo - 01-07-2022, 09:15 PM
RE: Samudera Shipping - by Yoyo - 02-07-2022, 11:09 PM
RE: Samudera Shipping - by donmihaihai - 03-07-2022, 02:16 PM
RE: Samudera Shipping - by specuvestor - 04-07-2022, 12:34 AM
RE: Samudera Shipping - by weijian - 03-07-2022, 09:29 AM
RE: Samudera Shipping - by BRT - 03-07-2022, 11:10 PM
RE: Samudera Shipping - by Yoyo - 04-07-2022, 01:33 PM
RE: Samudera Shipping - by donmihaihai - 04-07-2022, 06:17 PM
RE: Samudera Shipping - by Yoyo - 04-07-2022, 08:21 PM
RE: Samudera Shipping - by bryan2003 - 07-07-2022, 08:39 PM
RE: Samudera Shipping - by Behappyalways - 27-07-2022, 08:50 PM
RE: Samudera Shipping - by Behappyalways - 27-07-2022, 09:33 PM
RE: Samudera Shipping - by bryan2003 - 30-07-2022, 09:35 PM
RE: Samudera Shipping - by bryan2003 - 02-08-2022, 09:59 PM
RE: Samudera Shipping - by Yoyo - 03-08-2022, 08:04 AM
RE: Samudera Shipping - by bryan2003 - 03-08-2022, 11:11 AM
RE: Samudera Shipping - by Yoyo - 03-08-2022, 01:57 PM
RE: Samudera Shipping - by bryan2003 - 03-08-2022, 02:50 PM
RE: Samudera Shipping - by Yoyo - 03-08-2022, 02:12 PM
RE: Samudera Shipping - by bryan2003 - 05-08-2022, 05:22 PM
RE: Samudera Shipping - by Yoyo - 28-08-2022, 09:07 PM
RE: Samudera Shipping - by Yoyo - 09-09-2022, 08:31 PM
RE: Samudera Shipping - by Yoyo - 09-09-2022, 09:04 PM
RE: Samudera Shipping - by bryan2003 - 10-09-2022, 01:27 PM
RE: Samudera Shipping - by bryan2003 - 11-09-2022, 08:32 PM
RE: Samudera Shipping - by Behappyalways - 10-09-2022, 11:10 AM
RE: Samudera Shipping - by sgpianolessons - 28-10-2022, 09:24 PM
RE: Samudera Shipping - by bryan2003 - 29-10-2022, 06:31 PM
RE: Samudera Shipping - by bryan2003 - 01-11-2022, 08:31 AM
RE: Samudera Shipping - by Coco - 06-11-2022, 09:42 AM
RE: Samudera Shipping - by bryan2003 - 06-11-2022, 09:47 PM
RE: Samudera Shipping - by Yoyo - 16-11-2022, 07:33 PM
RE: Samudera Shipping - by Yoyo - 16-11-2022, 07:48 PM
RE: Samudera Shipping - by Yoyo - 16-11-2022, 08:09 PM
RE: Samudera Shipping - by weijian - 17-11-2022, 08:23 AM
RE: Samudera Shipping - by Yoyo - 16-11-2022, 08:16 PM
RE: Samudera Shipping - by bryan2003 - 31-01-2023, 09:44 AM
RE: Samudera Shipping - by bryan2003 - 31-01-2023, 10:18 AM
RE: Samudera Shipping - by Yoyo - 03-04-2023, 03:18 PM
RE: Samudera Shipping - by bryan2003 - 11-04-2023, 11:48 AM
RE: Samudera Shipping - by Yoyo - 10-04-2023, 11:34 AM
RE: Samudera Shipping - by bryan2003 - 16-04-2023, 07:52 PM
RE: Samudera Shipping - by bryan2003 - 20-04-2023, 04:13 PM
RE: Samudera Shipping - by weijian - 20-04-2023, 09:36 PM
RE: Samudera Shipping - by bryan2003 - 14-06-2023, 09:12 PM
RE: Samudera Shipping - by kagemusha - 19-07-2023, 10:02 PM
RE: Samudera Shipping - by Yoyo - 27-07-2023, 07:58 PM
RE: Samudera Shipping - by Behappyalways - 28-07-2023, 09:05 AM

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