Not vested. From Dr. Check, The Standard HK:-
Catch the tide on the dry bulk benchmarkCrude oil prices and the Baltic Dry Index normally move in tandem as shipowners adjust freight rates according to the cost of fuel.
The BDI peaked in June at about 4,200 and fell to 2,400 in September.
During this period, however, oil prices did not soar, hovering instead around US$70 (HK$546) per barrel. So is oil too costly or the BDI too low?
You may focus on shipping stocks such as Pacific Basin (2343) if you think the BDI is indeed low.
The dry bulk shipper's
first-half net profit fell 78 percent year on year as shipping rates dived amid a global slump in raw materials demand.
Pacific Basin is the
world's largest operator of handysize vessels that can navigate both oceans and rivers.
It has US$3.14 million cash on hand. Pacific Basin's profit for this year is seen at about US$118 million. The stock closed yesterday at HK$5.60, or
10 times its expected price-earnings ratio. It may be a good catch near HK$5.20. I would advise setting a target price of HK$6.50.
http://www.thestandard.com.hk/news_deta ... 91015&fc=7
It's all about "how much you made when you were right" & "how little you lost when you were wrong"