Reported 12 months ago
U-Ming's stock price surged as dry bulk shipping demand for South American grains, Brazilian iron ore, and West African bauxite increased, driving up freight rates. With bulk carriers in short supply and rates expected to rise further, U-Ming, the largest operator of Cape-size vessels in Taiwan, anticipates strong profits in the second and third quarters with additional dividends, as shipments of Brazilian iron ore and West African bauxite remain robust. The company's positive outlook is supported by the seasonally strong second half and bright annual revenue prospects. * [Warrant investment carries risks; information provided here is for reference only and not an invitation, solicitation, or recommendation. Readers are advised to make prudent decisions.]
Source: YAHOO