| Latest Forum Topics / COSCO SHP SG Last:0.135 -- |
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CoscoCorp
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Peg_li
Master |
16-Jul-2009 20:52
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Never mind, when STI open, it climbed up, but nobody know it suddenly went down in the afternoon.anyway the cancellation dones not NTA and EPS for 2009 , it's just paper order which haven't started.it's price fell that maybe due market panic factor!it will definitely come back!keep confidence for this share.beacuse it's china biggest shipyard!its mother companty is very very strong!it has 7 subsidiary company listed!coscop just one of them!
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des_khor
Supreme |
16-Jul-2009 20:12
Yells: "Tell me who is the God or MFT from this forum??" |
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Nobody know its will move down instead....
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freeme
Elite |
16-Jul-2009 19:33
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1.24 not too bad la.. just have to hold longer to see profit..
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Huhushares
Member |
16-Jul-2009 19:18
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HAIZ why i buy de coscocorp so early sian buy 16lots at 1.24 HAIZ HAIZ HAIZ | |||||
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niuyear
Supreme |
16-Jul-2009 17:08
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'The Society of Remisiers (Singapore)' website has various brokerage houses' reports. Worth taking a look for use as guide.
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niuyear
Supreme |
16-Jul-2009 15:20
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Cosco orders worth US$ 298.7m to build 8 bulk carriers had been cancelled and delivery of some othre 3 have been put back..... |
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maxcty
Master |
16-Jul-2009 14:20
Yells: "always a learning day for me in trading" |
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for those who still waiting to buy..this counter just drop to 1.19..can load i guess. my view only. |
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starlene
Elite |
16-Jul-2009 10:21
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maxcty
Master |
16-Jul-2009 10:05
Yells: "always a learning day for me in trading" |
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thanks for the information shared. I have confident on this counter..short and long term also not a problem.. cheers to all traders.
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Peg_li
Master |
16-Jul-2009 10:02
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look at hongkong ship business stocks up a lot due to BDI rebounce!keep confidence for this share!
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maxcty
Master |
16-Jul-2009 09:31
Yells: "always a learning day for me in trading" |
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going up...loading... | |||||
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maxcty
Master |
16-Jul-2009 00:26
Yells: "always a learning day for me in trading" |
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agree...always look for future...long term...
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Peg_li
Master |
15-Jul-2009 23:50
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Don't worry!the impact is not so significant!from opposite point of view.coscop potential value of future is more bigger, it means it will got more orders once economy rebounce back strongly.invest this stock, we need look at it's future!not now and not this year!
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chriscyng
Member |
15-Jul-2009 23:26
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I wonder what will happen tomorrow on this share price after such announcement= | |||||
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yipyip
Master |
15-Jul-2009 23:05
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Date: 15 July 2009 VARIATIONS AND CANCELLATIONS OF SHIP BUILDING CONTRACTS http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_7780EBEA05960AAA482575F40034FD9B/$file/COSCO_IPT_Cancellation__090715.pdf?openelement |
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starlene
Elite |
07-Jul-2009 10:34
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Tue Jul 07, 2009 9:12 am Post subject: COSCO's drilling rig wins praise -------------------------------------------------------------------------------- A fast-growing shipyard in China has built the world's first "round" deepwater drilling rig, which can pump out oil even from freezing seawaters. The $600-million rig was delivered last week to Norwegian oilfield services group Sevan Marine, which has contracted the rig to Petrobras, Brazil's state-owned oil company. A shipyard company of China Ocean Shipping (Group) Co, or COSCO, built the hi-tech rig at its Nantong factory in Jiangsu province. COSCO Shipyard called the project's success "a milestone for the company" because of the cutting-edge technologies used to build the unit. COSCO Shipyard just started building offshore rigs in 2007, and industry insiders said the shipyard's early success would pave the way for more foreign and domestic orders. According to technical reports, the new rig, named the Sevan Driller, can sink wells 12,500 meters deep and can store 150,000 barrels of crude oil. With a diameter of 84 meters, the rig can accommodate 150 workers and technicians and work even when temperatures dip 20 degrees Celsius below zero. "Such indicators have shown our competitiveness. The rig is round and can stand steady, even when strong sea waves and storms hit," said Wang Xingru, general manager of COSCO Shipyard, during an exclusive interview with China Business Weekly. "As far as I know, this rig performs better than any others in the world regarding the depth of drilling," Wang added. Although COSCO Shipyard currently produces most of its rigs for balmier Brazil, the fact that the newest rig can weather freezing waters could create new customers among oil-rich countries in colder, high-latitude regions. China earlier this year agreed to lend $10 billion to Brazil's state-owned Petrobras in exchange for guaranteed oil supplies for the next decade. Petrobras and Sinopec, China's largest refiner, agreed that the former would supply 150,000 barrels of crude oil a day to China this year and 200,000 barrels per day for nine years beginning in 2010. The two oil companies also signed a formal memorandum of understanding on oil exploration that will allow China to explore for oil in two regions of Brazil. Meanwhile, Petrobras has discovered massive oil reserves deep beneath the ocean floor off Brazil's southern coast. "All these bilateral agreements have brought opportunities for our company because oil-rich Brazil depends on deep-sea oil exploration," Wang said. He added that more orders are expected to soon arrive from the South American country. Singapore and South Korea are leading countries building offshore rigs, but China, a relative newcomer, already is winning accolades. Norway's Det Norske Veritas, or DNV, one of the world's leading risk  "The company completed the demanding task within two years, and it proves that the shipyard can compete with global competitors," said Joerg Beiler, DNV's area chair and regional maritime manager for Greater China. Wang said a domestic oil company already has shown interest in buying a COSCO Shipyard offshore rig. Fu Chengyu, president of CNOOC, attended the delivery ceremony for the COSCO Shipyard-made round rig at the end of June at the Nantong shipyard's factory in Jiangsu province. CNOOC, China's third-largest oil producer, specializes in offshore oil exploration. "We organized fruitful negotiations with CNOOC, and they have shown great interest," Wang said. Earlier media reports said that CNOOC would invest 200 billion yuan ($29.26 billion) in oil and gas exploration in the South China Sea during the next 10 to 20 years. The goal is to build up a production capacity with an annual output of 50 million tons, equivalent to that of China's biggest oil field, the Daqing Oil Field. "That means a huge market opportunity for us," COSCO Shipyard's Wang said. Currently, only two or three shipyards in China have invested in rig building. Before moving to rig and shipbuilding, COSCO Shipyard was the country's leader in ship conversion and maintenance. Wang said he was relieved the company diversified into shipbuilding and rigs before the financial crisis hit the world's markets this year. "We have enough orders on hand, and we should work at full sail at least until 2012," Wang said. With many companies also shedding workers in this economic recession, Wang's shipyard is the exception, he said. "We hired more than 1,000 graduates this year," Wang said. "We need more qualified hands to deliver those orders." More orders to come? 
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jm2212
Senior |
06-Jun-2009 23:16
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i bought both semmarine and cosco the same time last year, both loss more than 50% at one point, but i'm already sitting on profit on semmarine, however still incur 25% loss on cosco, waiting patiently for it to go up | |||||
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DnApeh
Master |
05-Jun-2009 22:08
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$1.70 first lah. | |||||
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matthewsoh
Senior |
05-Jun-2009 22:05
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When China demand for import and export is so great that building of ship and shipping industry is very strong ad when STI hits 3800 and that will happen in 2012 , the year of dragon :) and also the next US GE, so Democratic party will ensure US economy is in the pink.
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timewatch
Senior |
05-Jun-2009 17:31
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what is the likelyhood for cosco to reach back to 7$ -??????? |
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