CourageMarine

HK $1.22 currently after 14% rebound this morning.
Singapore rebounded too -->>>>>> 9.7 sgd cents. Still 100% arbitrage opportunity if you hve HK trading acct.

Why this sudden interest in Courage Marine? Is the dry bulk shipping business going to recover strongly soon?

Not sure if there is any short term catalyst that might explain the good run. But if u compare business with similar model, buying second hand vessels and cater them, courage marine results is quite bad. So it might just be a penny play, rotating to the shipping sector. There might be some Coporate action I am unaware of. Be careful, this is quite a pure trading play with no strong fundamentals to go along, if the trading goes wrong

Seems like HKSE investor got more "courage" than SGX one..

bought last time at 20 cts, so would take how long to go up from about 10 cts now? one or two years?

Fundamentally the earnings do not justify the valuation now. The outlook for bulk carrier ship owners like CM is not bleak but it's not glowing either.