Latest Forum Topics / COSCO SHP SG Last:0.135 -0.002 | Post Reply |
CoscoCorp
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meilian
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30-Apr-2007 23:00
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Poor poor set of results. Bottom line growth did not keep pace with top line growth. It would have been worse if not for the large increase in miscellaneous income for the quarter. Its cost of sales is running out of control and there may be execution risks on its new projects. Based on forward EPS of 10c for 2007, this counter is trading at forward PE of 28!!! This counter is definitely overvalued | ||||||
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lpkoh5
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30-Apr-2007 21:29
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Wonder this result is good enulf for the market? Any views? | ||||||
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Lonelydogs
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30-Apr-2007 17:35
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Highlights: · Group turnover jumped 33% fueled by strong ship repair & marine engineering performance. · Ship repair & marine engineering turnover rose 49% backed by strong project flow and shipyard capacity upgrades. · Net profit attributable to equity holders rose 12% on higher turnover. · Group further scaling its business with capacity and capability upgrades to take advantage of the booming oil & gas industry demand. · Group expects its FY2007 performance to be better than FY2006, barring unforeseen circumstance. |
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singaporegal
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23-Apr-2007 21:52
Yells: "Female TA nut" |
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Acc/Dist and Chaikin turning down. It is also near the lower bollinger band. All bearish signs. |
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wonderfulday
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21-Apr-2007 12:07
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April 21, 2007, 8.02 am (Singapore time) Cosco looks for controlling stakes in ports
BOAO, China - Chinese shipping conglomerate Cosco Group plans to expand its port operations by taking controlling stakes in mainland port projects, the group's chief executive said on Friday. Cosco announced that it had agreed to invest 10 billion yuan (US$1.3 billion) to build the Qiongbei port in the southern island province of Hainan. In addition, Cosco Pacific, a unit of Cosco Group, signed a letter of intent with the Fujian province government to build port facilities on the mainland side of the Taiwan Strait. Wei Jiafu, the group's president, said on the sidelines of the annual Boao Forum for Asia that Cosco would continue to develop its port business by working with local governments. Cosco, the parent of listed China Cosco Holdings Ltd, is developing port facilities aggressively in China, as it looks to gradually inject all its shipping assets in the Hong Kong listed vehicle. Mr Wei said Cosco took a 70 per cent stake in the port management joint venture in Fujian, leaving the local government with the remaining 30 per cent. Cosco controls five public companies that trade their shares on stock exchanges in Shanghai, Hong Kong and Singapore. -- REUTERS |
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Applet123
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23-Mar-2007 09:22
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From SGX, it seem like the directors of COSCO are selling away their shares. |
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singaporegal
Supreme |
19-Mar-2007 21:35
Yells: "Female TA nut" |
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thanks zhuge_liang on the business insight. From TA point of view, the charts do not reflect the optimism very much with low volumes. |
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zhuge_liang
Supreme |
19-Mar-2007 20:08
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On the back of its landmark rig deal worth about US$170m, it has won another US$124 million contract to build a jack-up vessel for Remedial Cyprus Ltd., the firm said on Monday. It said in a statement that the vessel would be delivered in Q3 next year. This is a good stock with rig contracts coming fast and furious. |
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singaporegal
Supreme |
06-Mar-2007 22:28
Yells: "Female TA nut" |
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Not too bullish because the Acc/Dist and Chaikin charts don't show a strong uptrend. | ||||||
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amateur99
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06-Mar-2007 21:41
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thanks , singaporegal. as a newbie, i am still learning to read chart. I am confuse with the signals. volume shows its an active counter. RSI around 30 and Williams around -70 show buy signal. but AD and chaikin still going down, so no buy signal here. what is the explanation of stock price fall below both EMA and MA crossover? can you kindly explain why you said from TA, its not so bullish? thanks in advance. |
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singaporegal
Supreme |
06-Mar-2007 21:08
Yells: "Female TA nut" |
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From TA point of view, Cosco isn't looking very bullish. Be cautious. |
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amateur99
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06-Mar-2007 11:42
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today, at $2.48, CIMB-GKGoh newsletter maintained it outperform with target $4.22 anyone care to comment on this counter? is this right time to enter? |
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marky27
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15-Feb-2007 14:53
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yes ... its moving now at 2.86 | ||||||
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ZhouYu
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15-Feb-2007 12:15
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Cosco has shown its first sign of trend weakness on Friday by closing below Jan 16 high 2.93 (Broken resistance should act as support for stronger trend). EW analysis implies that potentially wave 3 started from Sep?06 would have completed at 3.02, which is a Fibonacci projection target. Weekly candle is a bearish inverted hammer candlestick. Daily MACD displays potential bearish divergence. RSI reversed off overbought zone and crossed below its signal line with bearish divergence. The wave 4 correction for the stock targets its previous congestion at 2.66 ahead of 38.2 retracement level 2.44. The stock is likely to rebound to test its high. Aggressive traders looking for ?counter trend? short positions may consider selling the stock on strength. A close above 3.02 negate the bear view. Extract from Phillip securities |
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evideo
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14-Feb-2007 08:18
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If you have played cosco long enough, you will know that everytime there is good news, the counter drops... Am looking forward to this counter recovering today.... |
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singaporegal
Supreme |
13-Feb-2007 22:14
Yells: "Female TA nut" |
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Signals change... its probably on a downtrend now | ||||||
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EastonBay
Master |
13-Feb-2007 17:09
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There is no reason why COSCO should drop by the amount it did today. At one pt today, it dropped to 2.80!! It announced Reasonably good result, admirable outstanding contracts etc etc. The price is not even all time high... Yes, it's PE is more expensive than Labroy. However, it has a larger overseas market too. Google is trading at 46 x PE, and not many people say it is expensive. Other than BBs and shortists, I wonder why the price drop today. Anyone could enlighten? Thanks. |
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zhuge_liang
Supreme |
12-Feb-2007 23:18
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Given the pace at which the company has strengthened its capabilities, from building dry bulk carriers to offshore vessels, it could soon win an order to build a full-fledged drilling rig such as a shallow-water jack-up or a deep-water semi-submersible, analysts said. The stock trades at 23x 2007 forecast earnings, making it far more expensive than Labroy Marine, which started building offshore rigs last year and which has a PER of 14x. The world's no. 1 and no. 2 offshore rig builders Keppel and Semb Marine trade at 16.5x and 17.8x, respectively. |
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evideo
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12-Feb-2007 22:46
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Looking forward to this counter pushing pass $3 tommorrow... | ||||||
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marky27
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12-Feb-2007 18:15
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Results out Click here |
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