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COSCO SHP SG
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CoscoCorp
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Peg_li
Master |
03-Aug-2009 20:36
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NOL will lose 500 to 800 million us dollar, NOL price still went up around 10cents, now around 1.7dollar. Compare to NOL, we should have more confidence for Coscorp! I don't know why so many people worry about Coscorp. it's much more better than NOL! |
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hp3000
Senior |
03-Aug-2009 20:11
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Haha what drop like crazy ???? At lease coso still make a net profit S$37.0 million. Sure this can't compare to last years. No need to worry also it state that the demand start coming back liao
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integra
Member |
03-Aug-2009 20:00
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hopefully,cosco will not drop like crazy tomorrow.... 
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idesa168
Elite |
03-Aug-2009 19:13
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I choose this because it's a giant! Now worry because the giant drop in profit by so much.
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Peg_li
Master |
03-Aug-2009 19:10
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I don't think it will drop so much! it has very strong support at 1.26! don't worry about this counter. there are lots of big institute to look after them.
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aleoleo
Master |
03-Aug-2009 19:09
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ai ya, dun go for cosco la, go for a better one like gallant venture, falcon energy, and PEC (this Friday), more potential to shoot up in short term .....
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idesa168
Elite |
03-Aug-2009 18:49
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wah, jialat. I just bought today @1.30 although it finished 1.32, but with this set of result, probably will be sell-day tomorrow. Anyone have any idea that this counter will move up tomorrow?...hehehe!!! | ||||
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aleoleo
Master |
03-Aug-2009 18:29
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DJ Cosco Corp 2Q Net Profit S$37.0M Vs S$129M; Poll S$40M (2009/08/03 17:28PM) -------------------------------------------------------------------------------- Singapore (Dow Jones)--Cosco Corp. (F83.SG) Monday said its second-quarter net profit fell 71% on lower profit contributions from its ship repair and ship building businesses and lower dry bulk charter rates. Net profit for the three months ended June 30 was S$37.0 million compared with S$129 million a year earlier, the China-based company said in a statement. The earnings were below the S$40 million in net profit projected in a Dow Jones Newswires poll of five analysts. "The group maintains a cautious outlook for the rest of 2009. While taking some comfort from signs of slight improvement in the global economic outlook in recent months, the group expects overall operating conditions to continue to be challenging amidst the ongoing uncertainties," Cosco said. Revenue fell 31% on year in the second quarter to S$718.5 million. Cosco''s order book now stands at US$6.8 billion with deliveries scheduled through the first half of 2012. |
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hp3000
Senior |
03-Aug-2009 10:37
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In April, China COSCO, the world's second largest integrated shipping company, revealed plans toreduce capacity on its key dry bulk and container fleet as it struggles to adapt to challenging marketconditions (reported by Reuters). BMI notes that the news comes shortly after the group announced its2008 financial results, showing a 40% fall in profits. A statement released by the company revealed plansto defer delivery of three container vessels, each with a capacity of 8,495 TEUs, until 2010. Reuters notesthat COSCO's container fleet comprised 141 vessels as of December 2008, making it the sixth largest inthe world. 59 new vessels are reported to be due for delivery by 2013, including nine in 2009 and afurther 15 in 2010. Meanwhile, the group is also expected to defer or cancel a proportion of its dry bulkvessel orders, thought to comprise of 58 vessels. This is despite COSCO chairman, Wei Jiafu, voicing hisexpectations for the dry bulk shipping sector to return to health in April 2009. Jiafu, who oversees thelargest dry bulk fleet in the world, (comprising 443 owned or chartered vessels) spoke of an anticipatedrise in dry-bulk rates in Q209, driven by the recovery of the Chinese economy. COSCO's chairman saidthat the situation is ‘improving impressively in the second quarter as shipping and leasing costs aretrending up'. He added that in April 2009 COSCO had seen a rate increase of about US$150 on individualcontainers shipped by the company from China to Europe. BMI notes that the group's 2008 financialresults, released on April 23 2008, were worse than had been predicted by many industry observers. Theyshowed a 40.4% year-on-year (y-o-y) decrease in profit margin from CNY19.48bn (US$2.85bn) toCNY11.61bn (US$1.7bn). China’s economy continues to grow, albeit at a slower rate, driving trade and demand for freighttransport. Our latest estimates put GDP growth at 9% in 2008, easing quite sharply to 5.6% in 2009. China’s foreign trade will dramatically reverse from 21.8% growth in 2008, with a contraction of 10.5%in 2009, before recovering with 16.9% expansion in 2010. Despite this year’s pause, the resumption ofdouble-digit trade growth next year will continue to create major demands on the country’s transport andinfrastructure capacity. Underpinning the optimistic outlook is a supportive operating environment. BMIhas given China’s freight industry a rating of 64.1 (out of a theoretical maximum of 100), which places itright up at the top of the Asia Pacific region. Based on available data, we have reduced rail freight and river/ sea cargo growth. Our forecast for freightcarried across all modes in 2009-2013 now stands at 8.7% per annum (pa). According to our latestestimates, transport and communications (T&C) GDP rose by 10.8% in 2008, 1.8 %age points (pps)faster than overall GDP, which we estimate will have expanded by 9%. For the 2009-2013 forecastperiod, we expect the T&C sector to continue outpacing the economy as a whole. It will achieve averageannual growth of 8%, versus 7.1% for overall GDP. The total value of T&C GDP will rise to US$393bnin nominal terms by 2013, representing 6.3% of China’s GDP. The T&C sector employed 22.28mnpeople, or 2.7% of the labour force, in 2008. We see the figure rising to 23.4mn by 2013. Despite current conditions, prospects for the freight transport industry remain encouraging. As our figuresindicate, the freight sector will continue to grow at a faster rate than the economy as a whole. This is inline with intensifying demand for transport at this stage in the Chinese economy’s development. Bytransport mode, growth will be led by oil and gas pipelines (at an average rate of 18.7% a year), shippingand inland waterways (9%), road haulage (7.3%), rail freight (also 6.8%), and air freight (6%). Overall cosco will still be able to make profit throught out the years. | ||||
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hp3000
Senior |
01-Aug-2009 15:44
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China Cosco Holdings Co. and other 9 container lines raise rates for US-Asia shipments from Sept 1 to reverse a decline in fees. The shipping lines will boost dry-cargo rates by US$150 per 40-foot container from the US west coast according to an e-mailed statement from the Westbound Transpacific Stabilization Agreement. |
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watchlist
Member |
29-Jul-2009 17:29
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Cosco shipping announcing today that it will be making a loss. SO what abt Cosco Singapore???? | ||||
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bradical
Member |
29-Jul-2009 16:07
Yells: "Strong TAbeliever but also on God's help & wisdom!" |
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Today Cosco touched it 200d EMA and this may be the resistant for the interim, meaning some pullback likely before breakout higher. ... my view
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ozone2002
Supreme |
29-Jul-2009 13:34
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DJ MARKET TALK: Epure, China Hong and Cosco Suited For Dual Listing-DBS 0156 GMT [Dow Jones] Epure (E6E.SG), China Hongxing Sports (BR9.SG), Cosco (F83.SG) likely candidates for dual listing in Hong Kong or China, following China XLX Fertiliser''s (B9R.SG) plan to launch HK IPO, says DBS Vickers; "speculation is once again rife on the possible candidates for such corporate activities for S-chips." Says Epure has proven earnings track record to attract interest in HK, China, where environmental themes are well-received by investors, while China Hongxing''s huge discount of 70% to HK peers may compel company to seek better value outside Singapore. Says Cosco has potential for dual listing in China, although would hinge on Beijing easing regulations to allow foreign-incorporated companies with China operations to list on mainland. Notes most S-shares can meet criteria for HK listing. Epure +0.9% at S$0.575, China Hongxing off 2.3% at S$0.21, Cosco off 0.8% at S$1.33, China XLX off 0.9% at S$0.535. (FKH) |
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ozone2002
Supreme |
29-Jul-2009 10:52
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gotta break 1.38 to move further.. splendid vol today.. :) |
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phil1314
Senior |
28-Jul-2009 23:20
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Sometime I wonder whether TA can take into external factors like DOW? Cannot always depend on TA, but is definitely a good guide at certain times.
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HLJHLJ
Veteran |
28-Jul-2009 23:06
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TA is very sui leh! Uptrend! Candlestick green, william +ve. Only problem is Dow tonight.. Hope ok tmr. | ||||
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Peg_li
Master |
28-Jul-2009 16:18
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I think this is just it start to move up, it still have a long way to catch up with other indexer component!
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ozone2002
Supreme |
28-Jul-2009 15:54
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nice run today..good vol.. finally the giant has awaken |
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Peg_li
Master |
27-Jul-2009 21:40
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when the institutes call to sell, it's time to buy! there maybe is something inside it which you don't know, maybe they want manipulate it.once you sell it ,the price will go up quickly and you can't catch up with it or you buy it back in more high price! be careful when they call to sell!
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wongmx6
Veteran |
27-Jul-2009 21:32
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Just because of many analysts gave a SELL call, It's under my radar now, will buy it sometime later. Maybe after correction. | ||||
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