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COSCO SHP SG
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CoscoCorp
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parimas8
Member |
23-May-2011 16:20
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damn. 80% of the transaction is " Sell Down" . | ||||
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eastcivic
Elite |
23-May-2011 16:18
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dcang84
Veteran |
23-May-2011 16:17
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Why so quiet. Dun whisper lah. Just say Entered New Trade @ 1.89!! 
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Isolator
Supreme |
23-May-2011 16:11
Yells: "STI is hard landing to below 2000..." |
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Enter some at 1.89.... New trade.... | ||||
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rickyw
Master |
23-May-2011 16:09
Yells: "keep happy..." |
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u still hold meh?
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limkt009
Veteran |
23-May-2011 16:03
Yells: "Watch your front, grab $$$$$ at your own time" |
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gone case, more watery sai to come. | ||||
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dcang84
Veteran |
23-May-2011 16:02
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1.87 on the way.
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stocksburntme
Veteran |
23-May-2011 15:57
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1.89 liao.....die | ||||
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rotijai
Supreme |
23-May-2011 15:25
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let master take a rest... this piece of news ruined his plan :(
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eplepl
Master |
23-May-2011 15:18
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when u are buying again, we like to hear it !
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rickyw
Master |
23-May-2011 15:12
Yells: "keep happy..." |
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China Cosco Group: SHANGHAI (Dow Jones)--China Ocean Shipping (Group) Co. said Monday that a national audit conducted last year found accounting irregularities at the shipping giant from 2001 to 2009, but it has rectified some of the issues and doesn''t anticipate any material impact on its past earnings. China''s National Audit Office said in a statement Friday that it uncovered improper accounting procedures at the state-owned company, also known as China Cosco Group, which is the parent of China Cosco Holdings Co. (1919.HK) and Cosco Corp. (F83.SG). The accounting irregularities were uncovered in a national audit of some high profile state-owned enterprises, including China Unicom (Hong Kong) Ltd. (CHU), CNOOC Ltd.(0883.HK), and Aluminum Corp. of China (2600.HK). The audit of the shipping group found that it under-reported revenue, cost, and provisions for asset impairment, and underpaid taxes due to improper revenue filings, the audit office said. A spokesman from China Ocean Shipping (Group) Co., who declined to be named, told Dow Jones Newswires said that the group has fixed some of the issues and is in the process of rectifying the remaining irregularities. Like other state-owned Chinese companies, China''s shipping giants have complex, opaque shareholding structures. However, many investors overlook these factors and instead focus on the Chinese market''s enormous growth potential. Meaning they admit there was irregular report.... |
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marina888
Member |
23-May-2011 15:06
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Below is the Xinhua news. Reuters news is incomplete. Better cover back or do be careful !!!Audits find irregularities in financial statements of 17 Chinese SOEs2011-05-20 10:19:38 GMT2011-05-20 18:19:38(Beijing Time) Xinhua English
BEIJING, May 20 (Xinhua) -- Some irregularities and disciplinary violations were found in the financial statements of 17 Chinese state-owned enterprises (SOEs) for the 2009 fiscal year, according to audit reports released by the National Audit Office (NAO) on Friday. By March this year, 735 cases of irregularities have been corrected and 65 people responsible for the irregularities or violations have been punished, said the office.[Meaning case is settled] Last year, the NAO audited the financial statements of 17 centrally-administered SOEs, including CNOOC, CHALCO, COSCO and China Unicom, mostly for the 2009 fiscal year. Assets worth about 1.9 billion yuan (292.4 million U.S. dollars) and profits of 2.63 billion yuan were overstated in the financial statements of those SOEs, while 3.43 billion yuan in liabilities were falsely included, according to the NAO reports. Also, profits of 1.2 billion yuan, assets worth 2.9 billion yuan and liabilities of 2.5 billion yuan were undercounted, according to NAO. Furthermore, owners' equities worth 2.07 billion yuan were not calculated in financial statements. Xinhua Site: http://english.sina.com/business/2011/0520/374252.html |
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rickyw
Master |
23-May-2011 15:04
Yells: "keep happy..." |
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awhile ago i saw 1.90 Q.... | ||||
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stocksburntme
Veteran |
23-May-2011 15:03
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my feeling tells me its not over yet! | ||||
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monk999
Master |
23-May-2011 14:54
Yells: "TA is an art!" |
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my SL is 1.77. TP is 2.3.
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monk999
Master |
23-May-2011 14:48
Yells: "TA is an art!" |
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i also long cosco.. 1.92. | ||||
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rotijai
Supreme |
23-May-2011 14:47
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hey, it is unfair to relate master isolator with masterlim.. he never ask others to buy.. he's just saying tat he's heavily invested.. there's nth wrong to share own's opinion..
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rickyw
Master |
23-May-2011 14:44
Yells: "keep happy..." |
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aiyoh...just cut lar...if u feel market against u then cut...later got margin call u die u know...
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pointer
Senior |
23-May-2011 14:43
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U have the style of Masterlim. Keep shouting buy but now back out. Those unfortunate newbies who blindly follow your calls will be cursing now. Lets see if $1.80 can hold for the week. Patience for those who want to take a punt.
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rickyw
Master |
23-May-2011 14:35
Yells: "keep happy..." |
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CUT...CUT... 
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