Samudera Shipping

A couple of penny stocks are at overbought highs and could come tumbling down.

SINGAPORE (Feb 27): Samudera Shipping swung back into the black in FY17 with earnings of US$5.9 million ($7.8 million), a reversal from the loss of US$5.4 million in FY16.

SINGAPORE (Oct 26): Samudera Shipping has swung back to profitability in 3Q17 ended Sept with earnings of US$0.48 million, compared with a loss of US$3.8 million in 3Q16.

SINGAPORE (July 26): Samudera Shipping reported a 7.9% rise in 2Q17 earnings to US$2.0 million ($2.7 million) from US$1.8 million a year ago.

SINGAPORE (Oct 25): Samudera Shipping swung to a loss of US$3.8 million ($5.3 million) in 3Q as a decline in revenue outpaced fall in costs of sales. A year ago, the group had posted earnings of US$1.2 million.