not to worry...

hv a good nite rest........In stock market investment ,,,anything is possible...

STI today created (in c/stick chart) a spinning top ......with some gap dwn.......

With a little bit of luck tomorrow....who knows....

should it open higher than today's opening point.....

and proceed all the way north.....

then we'll hv. a morning star or an abandon baby......and we are on track with a bull reversal.....

But if it choose the other way round......

then..it's going to be DOOM..!!!!!!

So before we lay dwn. to sleep ...do ,,,a little bit pray...hogn....

Good Luck...Cheers....!!!!

April 9, 2008

Cosco Corporation

Order Cancellation:

Only Just Beginning

Quick Comment:

the decline in new orders from dry bulk shipbuilding

segment through offshore-related orders this year.

However, cancellation announcement of the GM5000

semi submersible hull contract will create doubts in

investors? mind and stock could under-perform in the

near term. Stock is currently trading at 13x 08e/12x 09e,

but our earnings estimates and PT are under review.We believe COSCO(S) could offset

What's new:

US$292.3 million to build two shuttle tankers and the hull

of a semi-submersible production unit; and b) the

termination of a US$202 million contract to build a

semi-submersible hull for Norway?s Red Flag A.S., as

the deposit terms has not been fulfilled.COSCO announced a) contracts totaling

Positive: A) Credible customer and 100% deposits

for all the offshore projects reduce the probability of

future cancellation; B) COSCO(S) has added capacity

and capabilities at Nantong, Qidong, and Lianyunjang

shipyards to tap growing offshore rigs/production

platform demand;

be mitigated

smaller yards? inability to deliver on their shipbuilding

projects.C) shipbuilding oversupply couldwith the cancellation of ship orders and

Negative: A) Further cancellations probable ?

COSCO(S) has not received down payments for 20% of

its existing shipbuilding contracts. We could see further

decline in COSCO(S)?s order book should customers

choose to let the contracts lapse;

concerns on dry bulk ships remain ?

book is 56% of the global dry bulk fleet. This could result

in overcapacity situation considering current slower

global growth outlook and resulting decline in global

trade;

due to significant increases in steel, equipment, and

labor costs. We expect 2% lower margin YoY if steel

price increase surprises by 20% per annum.

Morgan Stanley does and seeks to do business with

companies covered in Morgan Stanley Research. As

a result, investors should be aware that the firm may

have a conflict of interest that could affect the

objectivity of Morgan Stanley Research. Investors

should consider Morgan Stanley Research as only a

single factor in making their investment decision.B) overcapacityCurrent orderC) shipbuilding margin could decline further

For analyst certification and other important

disclosures, refer to the Disclosure Section,

located at the end of this report.

+= Analysts employed by non-U.S. affiliates are not registered with FINRA, may not be

associated persons of the member and may not be subject to NASD/NYSE restrictions on

communications with a subject company, public appearances and trading securities held by a

research analyst account.

Morgan Stanley Asia (Singapore)

Pte.+

Praveen K Choudhary

Singapore Multi-Industry

Praveen.Choudhary@morganstanley.com

+65 6834 6744

Xin Jin Ling

XinJin.Ling@MorganStanley.com

+65 6834 6735

Morgan Stanley Asia Limited+ Rob Hart

Asia Multi-Industry Team Leader

Rob.Hart@morganstanley.com

+852 2848 5068

M O R G A N S T A N L E Y R E S E A R C H

A S I A / P A C I F I C

Stock Rating

Overweight

Industry View

Attractive Key Ratios and Statistics

Reuters: COSC.SI Bloomberg: COS SP

Singapore Offshore & Marine

Price target S$6.00

Shr price, close (Apr 9, 2008) S$3.36

Mkt cap, curr (mn) S$7,550

52-Week Range S$8.20-2.57

Sh out, basic, curr (mn) 2,237.7

EV, curr (mn) S$7,104

Net debt/cap (12/08e) (%) (119.4)

ROE (12/08e) (%) 61.0

Shrs out, basic, per-end (12/08e) (mn) 2,253

S'hldr eqty (12/08e) (mn) S$1,393

RNOA (12/08e) (%) 135.5

e = Morgan Stanley Research estimates

Fiscal Year ending 12/07 12/08e 12/09e 12/10e

ModelWare EPS (S$) 0.15 0.26 0.29 0.32

Prior ModelWare EPS (S$) - - - -

EPS, basic, rpt'd (S$) 0.15 0.26 0.29 0.32

Prior EPS, basic, rpt'd (S$) - - - -

Revenue, net (S$ mn) 2,262 4,375 5,997 7,040

ModelWare net inc (S$ mn) 346 587 656 730

P/E 37.4 13.0 11.7 10.6

P/BV 13.5 5.5 4.3 3.6

EV/EBITDA 24.0 7.3 6.4 6.0

Div yld (%) 1.2 3.6 4.4 5.4

e = Morgan Stanley Research estimates

2

M O R G A N S T A N L E Y R E S E A R C H

April 9, 2008

Cosco Corporation

Details

COSCO announced a) contracts totaling US$292.3 million

to build two shuttle tankers and the hull of a

semi-submersible production unit; and b) the termination of

a US$202 million contract to build a semi-submersible hull

for Norway?s Red Flag A.S., as the deposit terms have not

been fulfilled. They received the contract in May 2007.

Positive

A) Offshore contracts seem secure:

project is from a US customer, and the deposit has been

secured. Deposits and progress payments for other

offshore projects have also been received, reducing the

probability of these contracts being cancelled.The recent offshore

B) Increased capacity to leverage on high oil price:

Current high oil prices could prompt E&P companies to

order more rigs. COSCO(S) has added capacity and

capabilities in the offshore segment through investment in

newer yards, namely, Nantong, Qidong, and Lianyunjang.

C) Oversupply could be mitigated

ship orders and smaller yards? inability to deliver on their

shipbuilding projects. This could result in better demand/

supply situation. According to Worldyards, newer shipyards

might struggle to deliver dry bulk ships and cease operation,

resulting in 9% lower supply.with the cancellation of

Negative

A) Further cancellations probable:

received down payments for roughly 20% of its existing

shipbuilding contracts. We could see further decline in

COSCO(S)?s order book should customers choose to let the

contracts lapse.COSCO(S) has not

B) Overcapacity concerns on dry bulk ships remain:

Current order book is 56% of the global dry bulk fleet. This

could result in overcapacity situation, considering current

slower global growth outlook and resulting decline in global

trade.

C) Downside to margins persists:

decline further due to significant increases in steel, equipment,

and labor costs. We expect 2% lower margin YoY if steel price

increase surprises by 20% per annum.Shipbuilding margin could

Company Description

COSCO Corp (Singapore) Limited is the largest ship repair and

marine engineering group in China, with interests in seven

mainland shipyards. COSCO (S) is engaged primarily in ship

repair operations, but also derives revenue from dry bulk

shipping and shipping agency. COSCO (S) is a subsidiary of

China Ocean Shipping (Group) Co (COSCO Group), one of the

largest shipping groups in China and one of the 10 largest

shipping conglomerates in the world.

Singapore Offshore & Marine

Industry View: Attractive

MSCI Country: Singapore

Asia Strategist's Recommended Weight: 6.9%

MSCI Asia/Pac All Country Ex Jp Weight: 4.9%

3

M O R G A N S T A N L E Y R E S E A R C H

April 9, 2008

Cosco Corporation

Morgan Stanley ModelWare is a proprietary analytic framework that helps clients

uncover value, adjusting for distortions and ambiguities created by local accounting

regulations.

leases (where their use is significant), and converts inventory from LIFO costing to a FIFO

basis. ModelWare also emphasizes the separation of operating performance of a company

from its financing for a more complete view of how a company generates earnings.For example, ModelWare EPS adjusts for one-time events, capitalizes operating

Disclosure Section

The information and opinions in Morgan Stanley Research were prepared or are disseminated by Morgan Stanley Asia Limited (which accepts the

responsibility for its contents) and/or Morgan Stanley Asia (Singapore) Pte. (Registration number 199206298Z, regulated by the Monetary Authority of

Singapore, which accepts the responsibility for its contents), and/or Morgan Stanley Asia (Singapore) Securities Pte Ltd (Registration number

200008434H, regulated by the Monetary Authority of Singapore, which accepts the responsibility for its contents), and/or Morgan Stanley Taiwan

Limited and/or Morgan Stanley & Co International plc, Seoul Branch, and/or Morgan Stanley Australia Limited (A.B.N. 67 003 734 576, holder of

Australian financial services license No. 233742, which accepts responsibility for its contents), and/or Morgan Stanley India Company Private Limited

and their affiliates (collectively, "Morgan Stanley").

For important disclosures, stock price charts and rating histories regarding companies that are the subject of this report, please see the Morgan

Stanley Research Disclosure Website at www.morganstanley.com/researchdisclosures, or contact your investment representative or Morgan Stanley

Research at 1585 Broadway, (Attention: Equity Research Management), New York, NY, 10036 USA.

Analyst Certification

The following analysts hereby certify that their views about the companies and their securities discussed in this report are accurately expressed and

that they have not received and will not receive direct or indirect compensation in exchange for expressing specific recommendations or views in this

report: Praveen Choudhary.

Unless otherwise stated, the individuals listed on the cover page of this report are research analysts.

Global Research Conflict Management Policy

Morgan Stanley Research has been published in accordance with our conflict management policy, which is available at

www.morganstanley.com/institutional/research/conflictpolicies.

Important US Regulatory Disclosures on Subject Companies

In the next 3 months, Morgan Stanley expects to receive or intends to seek compensation for investment banking services from Cosco Corporation.

Within the last 12 months, Morgan Stanley & Co. Incorporated has received compensation for products and services other than investment banking

services from Cosco Corporation.

Within the last 12 months, Morgan Stanley has provided or is providing investment banking services to, or has an investment banking client

relationship with, the following company: Cosco Corporation.

Within the last 12 months, Morgan Stanley has either provided or is providing non-investment banking, securities-related services to and/or in the past

has entered into an agreement to provide services or has a client relationship with the following company: Cosco Corporation.

The research analysts, strategists, or research associates principally responsible for the preparation of Morgan Stanley Research have received

compensation based upon various factors, including quality of research, investor client feedback, stock picking, competitive factors, firm revenues and

overall investment banking revenues.

Certain disclosures listed above are also for compliance with applicable regulations in non-US jurisdictions.

STOCK RATINGS

Morgan Stanley uses a relative rating system using terms such as Overweight, Equal-weight or Underweight (see definitions below). Morgan Stanley

does not assign ratings of Buy, Hold or Sell to the stocks we cover. Overweight, Equal-weight and Underweight are not the equivalent of Buy, Hold and

Sell. Investors should carefully read the definitions of all ratings used in Morgan Stanley Research. In addition, since Morgan Stanley Research

contains more complete information concerning the analyst's views, investors should carefully read Morgan Stanley Research, in its entirety, and not

infer the contents from the rating alone. In any case, ratings (or research) should not be used or relied upon as investment advice. An investor's

decision to buy or sell a stock should depend on individual circumstances (such as the investor's existing holdings) and other considerations.

Global Stock Ratings Distribution

(as of March 31, 2008)

For disclosure purposes only (in accordance with NASD and NYSE requirements), we include the category headings of Buy, Hold, and Sell alongside

our ratings of Overweight, Equal-weight and Underweight. Morgan Stanley does not assign ratings of Buy, Hold or Sell to the stocks we cover.

Overweight, Equal-weight, and Underweight are not the equivalent of buy, hold, and sell but represent recommended relative weightings (see

definitions below). To satisfy regulatory requirements, we correspond Overweight, our most positive stock rating, with a buy recommendation; we

correspond Equal-weight to hold and Underweight to sell recommendations, respectively.

Coverage Universe Investment Banking Clients (IBC)

Stock Rating Category Count

% of

Total Count

% of

Total IBC

% of Rating

Category

Overweight/Buy 1036 43% 328 44% 32%

Equal-weight/Hold 1001 42% 327 43% 33%

Underweight/Sell 351 15% 99 13% 28%

Total 2,388 754

Data include common stock and ADRs currently assigned ratings. An investor's decision to buy or sell a stock should depend on individual

circumstances (such as the investor's existing holdings) and other considerations. Investment Banking Clients are companies from whom Morgan

Stanley or an affiliate received investment banking compensation in the last 12 months.

Analyst Stock Ratings

Overweight (O or Over) - The stock's total return is expected to exceed the total return of the relevant country MSCI Index, on a risk-adjusted basis

over the next 12-18 months.

4

M O R G A N S T A N L E Y R E S E A R C H

April 9, 2008

Cosco Corporation

Equal-weight (E or Equal) - The stock's total return is expected to be in line with the total return of the relevant country MSCI Index, on a risk-adjusted

basis over the next 12-18 months.

Underweight (U or Under) - The stock's total return is expected to be below the total return of the relevant country MSCI Index, on a risk-adjusted basis,

over the next 12-18 months.

More volatile (V) - We estimate that this stock has more than a 25% chance of a price move (up or down) of more than 25% in a month, based on a

quantitative assessment of historical data, or in the analyst's view, it is likely to become materially more volatile over the next 1-12 months compared

with the past three years. Stocks with less than one year of trading history are automatically rated as more volatile (unless otherwise noted). We note

that securities that we do not currently consider "more volatile" can still perform in that manner.

Unless otherwise specified, the time frame for price targets included in Morgan Stanley Research is 12 to 18 months.

Analyst Industry Views

Attractive (A): The analyst expects the performance of his or her industry coverage universe over the next 12-18 months to be attractive vs. the

relevant broad market benchmark, as indicated below.

In-Line (I): The analyst expects the performance of his or her industry coverage universe over the next 12-18 months to be in line with the relevant

broad market benchmark, as indicated below.

Cautious (C): The analyst views the performance of his or her industry coverage universe over the next 12-18 months with caution vs. the relevant

broad market benchmark, as indicated below.

Benchmarks for each region are as follows: North America - S&P 500; Latin America - relevant MSCI country index or MSCI Latin America Index;

Europe - MSCI Europe; Japan - TOPIX; Asia - relevant MSCI country index.

.

Stock Price, Price Target and Rating History (See Rating Definitions)

Other Important Disclosures

Morgan Stanley produces a research product called a "Tactical Idea." Views contained in a "Tactical Idea" on a particular stock may be contrary to the recommendations or

views expressed in this or other research on the same stock. This may be the result of differing time horizons, methodologies, market events, or other factors. For all

research available on a particular stock, please contact your sales representative or go to Client Link at www.morganstanley.com.

For a discussion, if applicable, of the valuation methods used to determine the price targets included in this summary and the risks related to achieving these targets, please

refer to the latest relevant published research on these stocks.

Morgan Stanley Research does not provide individually tailored investment advice. Morgan Stanley Research has been prepared without regard to the individual financial

circumstances and objectives of persons who receive it. The securities/instruments discussed in Morgan Stanley Research may not be suitable for all investors. Morgan

Stanley recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. The

appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives. The securities, instruments, or strategies

discussed in Morgan Stanley Research may not be suitable for all investors, and certain investors may not be eligible to purchase or participate in some or all of them.

Morgan Stanley Research is not an offer to buy or sell or the solicitation of an offer to buy or sell any security/instrument or to participate in any particular trading strategy.

The "Important US Regulatory Disclosures on Subject Companies" section in Morgan Stanley Research lists all companies mentioned where Morgan Stanley owns 1% or

more of a class of common securities of the companies. For all other companies mentioned in Morgan Stanley Research, Morgan Stanley may have an investment of less

than 1% in securities or derivatives of securities of companies and may trade them in ways different from those discussed in Morgan Stanley Research. Employees of

Morgan Stanley not involved in the preparation of Morgan Stanley Research may have investments in securities or derivatives of securities of companies mentioned and

may trade them in ways different from those discussed in Morgan Stanley Research. Derivatives may be issued by Morgan Stanley or associated persons

5

M O R G A N S T A N L E Y R E S E A R C H

April 9, 2008

Cosco Corporation

Morgan Stanley and its affiliate companies do business that relates to companies/instruments covered in Morgan Stanley Research, including market making and

specialized trading, risk arbitrage and other proprietary trading, fund management, commercial banking, extension of credit, investment services and investment banking.

Morgan Stanley sells to and buys from customers the securities/instruments of companies covered in Morgan Stanley Research on a principal basis.

With the exception of information regarding Morgan Stanley, research prepared by Morgan Stanley Research personnel are based on public information. Morgan Stanley

makes every effort to use reliable, comprehensive information, but we make no representation that it is accurate or complete. We have no obligation to tell you when

opinions or information in Morgan Stanley Research change apart from when we intend to discontinue research coverage of a subject company. Facts and views presented

in Morgan Stanley Research have not been reviewed by, and may not reflect information known to, professionals in other Morgan Stanley business areas, including

investment banking personnel.

Morgan Stanley Research personnel conduct site visits from time to time but are prohibited from accepting payment or reimbursement by the company of travel expenses

for such visits.

The value of and income from your investments may vary because of changes in interest rates or foreign exchange rates, securities prices or market indexes, operational or

financial conditions of companies or other factors. There may be time limitations on the exercise of options or other rights in your securities transactions. Past performance

is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realized. Unless otherwise stated, the cover

page provides the closing price on the primary exchange for the subject company's securities/instruments.

To our readers in Taiwan: Information on securities/instruments that trade in Taiwan is distributed by Morgan Stanley Taiwan Limited ("MSTL"). Such information is for your

reference only. Information on any securities/instruments issued by a company owned by the government of or incorporated in the PRC and listed in on the Stock Exchange

of Hong Kong ("SEHK"), namely the H-shares, including the component company stocks of the Stock Exchange of Hong Kong ("SEHK")'s Hang Seng China Enterprise

Index; or any securities/instruments issued by a company that is 30% or more directly- or indirectly-owned by the government of or a company incorporated in the PRC and

traded on an exchange in Hong Kong or Macau, namely SEHK's Red Chip shares, including the component company of the SEHK's China-affiliated Corp Index is

distributed only to Taiwan Securities Investment Trust Enterprises ("SITE"). The reader should independently evaluate the investment risks and is solely responsible for

their investment decisions. Morgan Stanley Research may not be distributed to the public media or quoted or used by the public media without the express written consent

of Morgan Stanley. Information on securities/instruments that do not trade in Taiwan is for informational purposes only and is not to be construed as a recommendation or

a solicitation to trade in such securities/instruments. MSTL may not execute transactions for clients in these securities/instruments.

To our readers in Hong Kong: Information is distributed in Hong Kong by and on behalf of, and is attributable to, Morgan Stanley Asia Limited as part of its regulated

activities in Hong Kong. If you have any queries concerning Morgan Stanley Research, please contact our Hong Kong sales representatives.

Certain information in Morgan Stanley Research was sourced by employees of the Shanghai Representative Office of Morgan Stanley Asia Limited for the use of Morgan

Stanley Asia Limited.

Morgan Stanley Research is disseminated in Japan by Morgan Stanley Japan Securities Co., Ltd.; in Hong Kong by Morgan Stanley Asia Limited (which accepts

responsibility for its contents); in Singapore by Morgan Stanley Asia (Singapore) Pte. (Registration number 199206298Z) and/or Morgan Stanley Asia (Singapore)

Securities Pte Ltd (Registration number 200008434H), regulated by the Monetary Authority of Singapore, which accepts responsibility for its contents; in Australia by

Morgan Stanley Australia Limited A.B.N. 67 003 734 576, holder of Australian financial services licence No. 233742, which accepts responsibility for its contents; in Korea

by Morgan Stanley & Co International plc, Seoul Branch; in India by Morgan Stanley India Company Private Limited; in Canada by Morgan Stanley Canada Limited, which

has approved of, and has agreed to take responsibility for, the contents of Morgan Stanley Research in Canada; in Germany by Morgan Stanley Bank AG, Frankfurt am

Main, regulated by Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin); in Spain by Morgan Stanley, S.V., S.A., a Morgan Stanley group company, which is

supervised by the Spanish Securities Markets Commission (CNMV) and states that Morgan Stanley Research has been written and distributed in accordance with the rules

of conduct applicable to financial research as established under Spanish regulations; in the United States by Morgan Stanley & Co. Incorporated, which accepts

responsibility for its contents. Morgan Stanley & Co. International plc, authorized and regulated by Financial Services Authority, disseminates in the UK research that it has

prepared, and approves solely for the purposes of section 21 of the Financial Services and Markets Act 2000, research which has been prepared by any of its affiliates.

Private U.K. investors should obtain the advice of their Morgan Stanley & Co. International plc representative about the investments concerned. In Australia, Morgan Stanley

Research, and any access to it, is intended only for "wholesale clients" within the meaning of the Australian Corporations Act. RMB Morgan Stanley (Proprietary) Limited is

a member of the JSE Limited and regulated by the Financial Services Board in South Africa. RMB Morgan Stanley (Proprietary) Limited is a joint venture owned equally by

Morgan Stanley International Holdings Inc. and FirstRand Investment Holdings Limited, which is wholly owned by FirstRand Limited.

The information in Morgan Stanley Research is being communicated by Morgan Stanley & Co. International plc (DIFC Branch), regulated by the Dubai Financial Services

Authority (the DFSA), and is directed at wholesale customers only, as defined by the DFSA. This research will only be made available to a wholesale customer who we are

satisfied meets the regulatory criteria to be a client.

The information in Morgan Stanley Research is being communicated by Morgan Stanley & Co. International plc (QFC Branch), regulated by the Qatar Financial Centre

Regulatory Authority (the QFCRA), and is directed at business customers and market counterparties only and is not intended for Retail Customers as defined by the

QFCRA.

As required by the Capital Markets Board of Turkey, investment information, comments and recommendations stated here, are not within the scope of investment advisory

activity. Investment advisory service is provided in accordance with a contract of engagement on investment advisory concluded between brokerage houses, portfolio

management companies, non-deposit banks and clients. Comments and recommendations stated here rely on the individual opinions of the ones providing these

comments and recommendations. These opinions may not fit to your financial status, risk and return preferences. For this reason, to make an investment decision by relying

solely to this information stated here may not bring about outcomes that fit your expectations.

The trademarks and service marks contained in Morgan Stanley Research are the property of their respective owners. Third-party data providers make no warranties or

representations of any kind relating to the accuracy, completeness, or timeliness of the data they provide and shall not have liability for any damages of any kind relating to

such data. The Global Industry Classification Standard ("GICS") was developed by and is the exclusive property of MSCI and S&P.

Morgan Stanley has based its projections, opinions, forecasts and trading strategies regarding the MSCI Country Index Series solely on publicly available information. MSCI

has not reviewed, approved or endorsed the projections, opinions, forecasts and trading strategies contained herein. Morgan Stanley has no influence on or control over

MSCI's index compilation decisions.

Morgan Stanley Research, or any portion hereof may not be reprinted, sold or redistributed without the written consent of Morgan Stanley.

Morgan Stanley Research is disseminated and available primarily electronically, and, in some cases, in printed form.

Additional information on recommended securities/instruments is available on request.

© 2008 Morgan Stanley

M O R G A N S T A N L E Y R E S E A R C H

Industry Coverage:Singapore Offshore & Marine

Company (Ticker) Rating (as of) Price (04/09/2008)

Praveen K Choudhary

Cosco Corporation (COSC.SI) O (09/17/2007) S$3.36

Labroy Marine Limited (LABR.SI) O (10/10/2007) S$2.83

SembCorp Marine (SCMN.SI) O-V (11/01/2007) S$3.73

Stock Ratings are subject to change. Please see latest research for each company.

The Americas

1585 Broadway

New York, NY 10036-8293

United States

Tel: +1 (1) 212 761 4000

Europe

20 Bank Street, Canary Wharf

London E14 4AD

United Kingdom

Tel: +44 (0) 20 7 425 8000

Japan

4-20-3 Ebisu, Shibuya-ku

Tokyo 150-6008

Japan

Cosco Corporation

Order Cancellation:

Only Just Beginning

Quick Comment:

the decline in new orders from dry bulk shipbuilding

segment through offshore-related orders this year.

However, cancellation announcement of the GM5000

semi submersible hull contract will create doubts in

investors? mind and stock could under-perform in the

near term. Stock is currently trading at 13x 08e/12x 09e,

but our earnings estimates and PT are under review.We believe COSCO(S) could offset

What's new:

US$292.3 million to build two shuttle tankers and the hull

of a semi-submersible production unit; and b) the

termination of a US$202 million contract to build a

semi-submersible hull for Norway?s Red Flag A.S., as

the deposit terms has not been fulfilled.COSCO announced a) contracts totaling

Positive: A) Credible customer and 100% deposits

for all the offshore projects reduce

divy only 4cts meh ??? chunbo ???

got the followng from SGX leh...

Company	Particulars	Ex-Date	Rec. Date	Paid/Payable
COSCO CORPORATION (S) LTD	DIVIDEND : SGD 0.03 SPECIAL ONE-TIER TAX	21 Apr 2008	23 Apr 2008	07 May 2008
COSCO CORPORATION (S) LTD	DIVIDEND : SGD 0.04 1ST & FINAL ONE-TIER TAX	21 Apr 2008	23 Apr 2008	07 May 2008

Within your contra period ......

its tough to predict.......

But ...in my opinion......

Should STI goes back north in red....

And should Cosco can get back into abv. 2.90.....and then shoot abv.3.00 thereafter..........

You'll stand a very good chance....

To achieve...Good Luck...

Cheers....!!!!

Ping009      ( Date: 10-Apr-2008 18:30) Posted: You guess with this piece of news will prevent major selldown again tomorrow? Me bought 5lots at 2.99 today. wonder if i can pull out within the contra period. anyone can advise?  Sure will have sleepless night liao..