LazyCat

Summary of $MarcoPolo Marine(5LY.SG) 3QFY2026/9MFY2026 Update

* Financial Performance:

9MFY2026 revenue jumped 30% YoY to S109.7M, while 3QFY2026 revenue rose 13% YoY to S35.7M. Gross profit grew 30% YoY in 9MFY2026 to S$46.4M with gross margin holding steady at 42%.

* Ship Chartering:

Revenue grew 26% YoY to S68.3M in 9MFY2026 and 8% YoY to S24.0M in 3QFY2026, driven by fleet expansion including its first CSOV (MP Wind Archer) and 3 CTVs. 3QFY2026 fleet utilization reached ~72%.

* Shipyard Operations:

Revenue rose 37% YoY to S41.4M in 9MFY2026 and 23% YoY to S11.7M in 3QFY2026 due to higher ship repair volume following the commissioning of Drydock 4 in August 2025.

* Key Growth Drivers:

Subsidiary PKR Offshore signed a framework agreement with Siemens Gamesa in July 2026 to charter 2 CSOVs starting 2029. Construction of CSOV Plus is ongoing for 2Q2028 delivery. Proposed RTO of shipyard assets to Fuji Offset Plates for up to S$139.0M is underway.

$Mapletree Log Tr(M44U.SG)

Context: I missed the opportunity to buy MLT during Trump's "Liberation Day" saga where it dipped briefly to 1.03 on 2 days (L-day & L+2). The price recovered quickly to 1.21 in just 7 sessions (by L+9), but slid in a trough for the month of May-Jun 2025 bottoming around 1.07-1.08.

My Trade: I added my first tranche when it bottomed as this is an attractive price level that gives me a big margin of safety against volatility and a high 6+% yield on cost. Later added another tranche when price went up. But I did not chase it further.

Takeaway: Pays to identify level for accumulation in advance and stick to it. Hence still in the green for MLT now. However, buying at the peak of fear (L-day) still need an iron heart.

$NVIDIA(NVDA.US)

Nvidia's $500B AI financing deal is a clever sales booster, but it carries sneaky financial risks.

Why it’s a smart move:

* Boosts Sales Fast: Helps cash-strapped AI startups buy Nvidia chips now without waiting for cash flow.

* Keeps Main Books Clean: Private credit funds (like BlackRock) supply the loan money, keeping massive debt off Nvidia’s core balance sheet.

* Locks in Dominance: Ensures Nvidia stays the default hardware standard for the AI boom.

Why it’s a risky move:

* Nvidia’s Hidden Promise: Nvidia agrees to cover up to 25% of losses if borrowers default, putting real money back on the line.

* Tech Gets Old Fast: Chips lose value quickly as newer models arrive. Long 5–7 year loans might outlast the hardware’s actual usefulness.

* Pricey Loans: Borrowers pay high interest rates (10–17%). If their AI products don't make money quickly, defaults will follow.

Verdict: A genius growth trick to keep chip sales booming today, but it quietly links Nvidia to a potential AI debt bubble tomorrow.

What happened to $YZJ Shipbldg SGD(BS6.SG) today:

- Continuation of the bullish momentum from last Friday with increase volume today (both sessions' vol exceed the 20MAVOL significantly)

- Decisive breaking of the resistance to set a new all time high of 4.66 with a massive solid-bodied candle (vs. the previous wick of 4.62)

Update to my trade:

- Sold 40% of my position last Friday (7 Aug) at 4.10 (Average cost 3.505)

- Sold another 50% today (11 Aug) at 4.50

- Remaining 10% to ride out the trend.

- Decided to lock in most of the profits for the following reasons:

* Already exceeded my original TP2 of 4.25

* Elevated risk of sharp reversal based on historical behaviour of this ticker after a near vertical rise.

What's next?

- Would exit when 5EMA turns downwards and cross the 20EMA