28 Jun, 2001
Hi Zeppelin, you asked:
I have 2 more questions:
1. If Gus Dur does get impeached what will happen to Indonesian
market and to Samudera?
Our answer:
I believe that political and economical situation in Indonesia
will be getting better. Consequently the investment and cargo
volume will increase significantly. We are well positioned
to tap this opportunity.
Also, recently Singamas Container Holdings
Limited, one of the world's leading container manufacturers
and a major operator of container depots and mid-stream services
in the Asia-Pacific region, reported that its 2000 net profit
rose by 78% to US$6,082,000.
2. My question is Singamas' results were so good, why then
were Samudera's 2000 results so flat?
Our answer:
Singamas is a container manufacturer while we are a regional
shipping company. Because the industries are totally different,
the results are not comparable.
Thanks very much for your questions.
By Samudera
On Thursday, 28 Jun 2001 03:29pm
Posting #227
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Hi Thedoors, you asked:
Hi Randy,
I read in a March report by GKGoh that on Samudera lags the
performance of your biggest competitor and Thai rival, RCL ,in
increasing your end-client business. For RCL, end-client revenue
accounts for 50% of total cargo carried.
What is the proportion for Samudera and how does the company
plan to boost this important segment of the business?
Our answer:
Currently it comprises only about 15% of our volume. Therefore
we have a lot of room for growth. We have several plans to boost
this business. Let me share some of our plans as follows :
A) We are continuously expanding our network and service coverage.
B) We have appointed and shall continue to appoint, dedicated
agents with strong sales force.
C) We are working on getting more and more service contracts
with MNCs.
However, to be fair, I feel Samudera is
underrated. By many measures, Samudera's stock is inappropriately
valued. At 26c it trades at a 29% discount to its book value
of 35c and a prospective PE of just 4.7x. And unlike its peers,
Samudera is building up its cash reserves annually to have a
net cash position by year-end FY01. I believe these factors
will provide some downside protection. My question is:
What is the compelling argument at Samudera that would project
it as an outstanding buy?
Our answer:
I strongly believe in the prospects of the Company. As we have
stated before to analysts and the investment community, I wish
to reiterate the following main arguments:
A) We are participating in regions such as the Indian Sub-Continent,
South East Asia and China. These regions have large population
bases and offer significant possibility of economic enhancement
as their per capita incomes rise from what must be considered
a relatively low base currently. This presents tremendous prospects
for future economic growth.
B) Being a relatively small company, we are very flexible and
are ideally positioned to adapt to changing market conditions
quickly.
C) Moreover, from a relatively lower base, we have a lot of
room for growth.
D) We are financially healthy and are able to grab opportunities
quickly as and when we are able to identify them, both in recession
and in recovery.
On the cost side, the past year has seen
the negative effects of higher charter rates and higher bunker
charges. What is the trend going forward? What strategies to
minimise these impact?
Our answer:
I have answered the question about charter hire rates in response
to Lestat. I believe that bunker and charter rates are not going
to increase in the near future from the current level.
Thank you, Thedoors.
By
Samudera
On Thursday, 28 Jun 2001 03:37pm
Posting #228
Dear forummers of ShareInvestor.com,
We have come to an end of the forum Q & A session and we
appreciate all your time and
interest in Samudera Shipping Line Ltd. Thank you for your questions.
We look forward for
your support in Samudera!
Best Regards,
Pak Randy
By
Samudera
On Thursday, 28 Jun 2001 04:06pm
Posting #229