You can use the 10k invest in Unit Trust. I gained 20% on the return from my unit trust. Hehe..

20% per annum? do you know how much people here made by goreng stock? You have other forum to go if you want to promote your  Public Mutual, buddy. 

Hmm is that 4% after deducting brokerage charges, tax and fees?

Maybulk profits dropped 37% compared to previous quarter according to latest un-audited results for 1st quarter.

DJ MARKET TALK: OSK Raises Maybulk To Buy, Ups Target To MYR5.10

22/05/2008 07:00:00 AM

 

0659 GMT [Dow Jones] STOCK CALL: OSK Research upgrades Malaysian Bulk Carriers (5077.KU), or Maybulk, to Buy from Trading Buy, ups target price to MYR5.10 from MYR4.98. Says share price volatility is lessening, while 38 sen net dividend, or 8.7% net yield, sustainable until 2010 at least. Raises FY08 profit forecast 12% after factoring in good selling price of ship Alam Makmur for $63.9 million, more ship in-charters, higher rates. "Rates will still be at very profitable levels at least till 1H10," says analyst Chris Eng, while notes cash pile continues to grow, will be used to buy ships the moment prices retreat to reasonable levels. Adds main catalysts include announcement of new ship purchases, sustaining of baltic dry index above 10,000-point level past Olympic Games. Stock down 3.2% at MYR4.24. (SJO)

---

Added on May 22, 2008, 3:19 pmResults Highlights by another broker

•
1QFY08 in line. Revenue of RM180.5m was 29% of our forecast and
market’s consensus while core net profit of RM92.3m was 23.5% of our
estimates and 20.5% of street’s . A commendable 1Q08 was driven by
buoyant bulk rates and increased chartered-in vessels .
•
QoQ, 1Q08 revenue and core net profit was lower by 5.5% and 24.4%
respectively on lower bulk rates. Average TCE/day for dry bulk in 1Q08
was 4.7% lower at US$39,661 as the Baltic Dry Index retreated from its
peak of 11,039 in Oct 07 to a low of 5,615 in Jan 08.
•
YoY, 1Q08 revenue soared 68.0% while core net profit increased
32.5% courtesy of strong bulk rates and higher numbers of chartered-
in vessels (1Q08: 8 vessels vs 1Q07: 1 vessel). Tanker contribution was
relatively flat as tanker rates were still suppressed by an oversupply
situation. A RM20.2m unrealised loss on investments as a result of lower
equity markets impacted by subprime crisis was also re gistered in 1Q08 .
•
Sale s of 3 vessels . Though no vessel details were given in the results
note, we believe the 3 vessels sold were Handysizes with average age of
24. Sales of these aging vessels were timely as vessel prices were at
record high levels. Current prices of 5 to 10 years old bulk carriers have
appreciated by more than 200% compared to 2006.