Shipping industry π³ VS Reits πͺπ§
There are 2 common facts at the moment, they are in 52 weeks low and DY become higher [Eye] I am holding both [Heart]
They said shipping industry, the demand is low, that why the stock price bad, but i don't understand if demand low, how the people will transport their products? Unless economic bad, people fasting no need to eat ? Because many of this vessels carry cargoes that needed daily for production and eventually used for consumption or daily needs.
If profit lower due to higher cost, possible but usually the cost will pass down to end user (which is us) Lunch price now has increased.
Previously i have shown my love for Reits, so this time i will share the shipping stocks, i have $ZIM Integrated Shipping Services Ltd.(ZIM)$and $Star Bulk Carriers(SBLK)$at the moment, zacks rank ZIM sell, but i am not going to give up. SBLK rank hold by zacks.
I have one more chance to buy ZIM and 2 chances to buy SBLK, (still waiting try to catch the bottom [Silence] )
SBLK i got dividend without tax deduction [Surprised] any tiger friends have this experience? i will test again the next round, which should be next year [Facepalm]
Dividend history just fyi.
The other shipping stocks in my radar $Golden Ocean(GOGL)$and $Genco Shipping & Trading(GNK)$both rank HOLD by ZACKS, so i still looking if worth to try of just the first two above [Grin]
β οΈ Market continue to dip, pls do yr own research.
Not investment advice, just sharing my love..i also love commodity companies [Chuckle]
wish us the best πππ
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- JBSIEWΒ·2022-10-02Personally, i feel that shipping fee is very volatile, and ship itself will sell at discounted price. Unlike property, the price will continue to up even after 10 or 20 years. Also, many private fund will buy ship when the shipping fee is high. Not easy to earn through shipping companies. I only monitor Maybulk in Malaysia for many years as comparison. The companies that you mentioned am not familiar.4Report
- kianweitingΒ·2022-09-30$δ»₯ζθͺθΏ(ZIM)$ used to have supernormal profit during the peak of Covid as container shipping rates soared over 5 times, now that container shipping rates has normalised, its profit going forward may be closer to pre Covid times.2Report
- JBSIEWΒ·2022-10-02I can see that the dividend itself always up and down, so I believe the price would be very hard to predict. Need to monitor the shopping fee index.3Report
- ε°θΎgoProΒ·2022-10-01seriously, shipping no dead. maybe raise in another form [Cool]1Report
- b1ueskyΒ·2022-10-02thk for sharing1Report
- Andie8392Β·2022-10-01thanks for sharing.. nice read1Report
- DannDannΒ·2022-09-30Excellent good sharing. Thumbs up like πππ»1Report
- criticalbombΒ·2022-09-30thanks you very much β€οΈβ€οΈβ€οΈ1Report
- BenjiFujiΒ·2022-09-30Thxs for sharing1Report
- GerryLohΒ·2022-09-30good sharing thanks1Report
- LEngLEngΒ·2022-09-30Thanks for sharing [Smile]1Report
- Ken7979Β·2022-09-30thanks for sharing1Report
- KY56Β·2022-10-06Nice.πLikeReport
- JcJcΒ·2022-10-04OkLikeReport
- δΊζΒ·2022-10-04okLikeReport
- LooyusooiΒ·2022-10-03okLikeReport
- SuperJieΒ·2022-10-03[smile]1Report
- dancingbookΒ·2022-10-03ε―1Report
- nautiannΒ·2022-10-03ok1Report
- CZUPΒ·2022-10-0222Report