Samudera

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Samudera result is out.....

NTA US 59.2 cents
EPS US 23.9 cents
Final Dividend 13.5 cents

More than 20% dividend yield

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I am quite pleased that they kept to their promise of paying out 50% of profit as dividend. Have to admit I was doubtful because the amount is big.

If Samudera earns about 17 cents for the 1st 9 months....then 4Q earnings would be 15 cents if full year is 32 cents.

With higher revised annual rates and extrapolating 4Q 2021 earnings, 1Q 2022 earnings will still look good compared to 1Q 2021. Evergreen's Jan 2022 earnings proving that.

Likely they can still perform this year with already a strong 1Q and hence maintain their dividend.

Vested.

Samudera's parent company Samudera Indonesia earnings are out.

My rough estimate is 3q earnings for samudera shipping is almost 1q and 2q earnings combined..

To summed it..... Samudera Indonesia earnings for 9 months is us$77.9m while earnings for 1st half is us$37.3m

For 9 months, my estimate calculation for Samudera is about 17 cents per share.. probably make about 8 cents in 3q with 9 cents for the 1st half.

Looking at the present freight rates, Samudera probably will earn around another 8 cents for 4q hence a total of 25 cents for the year.

At present share price of 55 cents....it is around PE of 2.2

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Rising tide doubles Samudera's revenue and lifts Patmi by 16x
https://www.theedgesingapore.com/capita ... -patmi-16x

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The issuer of cargo transportation and logistics, PT Samudera Indonesia Tbk ( SMDR ) is optimistic, this year's performance can be better than 2021. This optimism is supported by the company's business conditions which during the first two months of 2022 were monitored positively.

Positive Performance at the Beginning of the Year, Samudera Indonesia (SMDR) Optimistic to Reach 2022 Target
https://investasi.kontan.co.id/news/kin ... arget-2022

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Some of the chartered ships are chartered from the parent company. The parent company owns about 65% of the company


Samudera poised to benefit from ‘bumper year’ for shipping lines: SAC Capital
https://www.theedgesingapore.com/capita ... ac-capital


https://www.saccapital.com.sg/research/

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Samudera's parent company came out reporting its earnings for the 1st 2 months.

https://www.idx.co.id/StaticData/NewsAn ... 983934.pdf

Earnings of US$33.7m Vs US$5.1m a year ago. Last year the parent company reported US$97.3m Vs Samudera Shipping earnings of US$128.6m. Why parent company earnings are lower than Samudera Shipping is because it owns about 65% of the company and bulk of the earnings by Samudera Indonesia comes from Samudera Shipping.

Hence Samudera Shipping earnings for the 1st two months probably are much higher than US$33.7m reported by Samudera Indonesia.

Last year Samudera's 1st half earnings is US36.7m....probably for this year the 1st two months already exceed this amount

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Newly update shareholder list shows who is the one who has been buying.......investor not syndicate.....

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7.7m shares done today yet 796.4 lots of short selling...
https://sginvestors.io/market/sgx-top-s ... l-by-value

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Samudera Indonesia (SMDR) Optimistic of Revenue Reaching More than US$ 700 Million in 2022

Reporter: Dimas Andi | Editor: Anna Suci Perwitasari

KONTAN.CO.ID - JAKARTA. PT Samudera Indonesia Tbk ( SMDR ) is optimistic about the prospect of the shipping business being undertaken by this company in 2022.

President Director of Samudera Indonesia Bani Maulana Mulia said that this year SMDR targets revenues to reach or even exceed US$ 700 million. Just so you know, in 2021, SMDR earned a revenue increase of 37.09% year on year (yoy) to US$ 672.91 million.


SMDR was also able to achieve a net profit of US$ 93.04 million last year, in contrast to the previous year where the company suffered a net loss of US$ 3.34 million.

Bani assessed that the potential for improving SMDR's performance can be seen from the company's revenue in the first two months of this year which has exceeded the initial target estimate. We see the potential for the number of transportations to continue to grow and be able to be higher than last year, he said, Thursday (7/4).

Read also: This is the strategy of Samudera Indonesia (SMDR) to deal with rising oil prices

Although not explained in detail, the trend of increasing container shipping rates ( freight rate ) has a very significant impact in supporting SMDR's performance throughout this year, in addition to other factors.

Furthermore, the increase in world crude oil prices must be acknowledged as affecting the sustainability of SMDR's operations and financial performance, but the resulting impact is not that great. This is because SMDR already has an agreement with customers that they will be charged an additional fee for fuel in the event of an increase in oil prices.

On the other hand, if there is a decrease in oil prices, we will also provide a kind of discount to customers, said Bani

SMDR itself has a fuel portion of around 25% to 30% of the company's total expenses.

On the other hand, the potential for increased income when crude oil prices soared is quite open. This is because the demand for shipping and logistics services from the oil and gas industry has increased when oil prices are at high levels.


Samudera Indonesia (SMDR) Optimistic of Revenue Reaching More than US$ 700 Million in 2022
https://industri.kontan.co.id/news/samu ... ta-di-2022

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Copied from valuebuddies...

I have sought some information from Samudera Shipping yesterday via Ms Alvina Tan of Ark Advisors, the company investor relations consultant.

Questions raised:
1. What is the estimated ratio of revenues based on spot rate and contracted rate for the container shipping business?
2. For customers on contracted term rate, usually they are signed/lock-in for how long (ie years)?
3. Has Samudera Shipping began levying fuel surcharge on its customers?

Answers given:
1. The bulk of Samudera's container slots are contracted to the main line operators (ie, the bigger shipping lines that ply Asia - US/Europe) and these contribute approximately 70-80% of the Company's revenue.
2. The duration of a typical contract period is 12 months and is subject to renewal upon expiry.
3. Yes, the company currently has a scheme of arrangement which allows it to pass on a fuel surcharge to its customers.

As such, it should not come as a surprise for higher revenue and profit for this year. As it is, its parent company Samudera Indonesia has reported first 2 months earnings of US$33.7m Vs US$5.1m a year ago. These answers certainly sounded music to my ears and I am looking forward to another record breaking year. Hoping for an interim dividend of $0.005 and special interim dividend of $0.05 comes August (Samudera Shipping can easily accommodate given its ballooning cash position)