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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
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
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
 |
|
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
| |
|