| Latest Forum Topics / COSCO SHP SG Last:0.137 -- |
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CoscoCorp
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colin_twiggs
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27-Feb-2012 13:50
Yells: "goldstocksforex(dot)com" |
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Apologies. Here is the Potential Breakouts link. | ||||
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colin_twiggs
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27-Feb-2012 13:47
Yells: "goldstocksforex(dot)com" |
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Cosco turned up in my scan for potential breakouts this week. Respect of support at 1.10 and recovery of 63-day Twiggs Momentum above zero would confirm a primary up-trend. |
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whencanchange
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27-Feb-2012 12:31
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NOL also rising now instead ......despite all the BAD reports by analysts.
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whencanchange
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27-Feb-2012 12:28
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I find COSCO ALWAYS move in the exact opposite direction of what analysts report say about this stock. Past few years observed so many time whenever analysts say SELL, give tp 60-70 cts, cosco rallied o $1.80ish instead. And when analysts say BUY give tp $2.30-$2.75, cosco starts dropping to below $1. So analysts now say underperform, maybe its time to buy some to keep for mid-term gains again perhaps |
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Hawkeye
Veteran |
26-Feb-2012 23:19
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Shipbuilding Torpedo coming -Cosco Corp expects further drop in newbuilding pricesThere may be greater pressure on the prices of new vessels as our customers may be reluctant to commit to new orders for vessels in the short term. The rising cost pressure may also affect our operating margins though cushioned by our improving productivity, said Wu Zi Heng, vice chairman and president of Cosco Corp. The gloomy business outlook has hit Singapore-listed Cosco Corp which reported a 44% plunge in net profit for its financial year 2011. Net profit for the Chinese-based ship repair, shipbuilding and marine engineering and dry bulk shipping group fell to S$139.67m ($111.46m) in 2011 compared to S$248.84m in 2010. Revenue, however, rose 8% to S$4.16bn. The plummet in net profit was blamed largely on lower profit contributions from dry bulk shipping and the higher costs incurred in shipyard operations. As at 31 December 2011, the group's orderbook stood at $6.1bn with progressive deliveries up to first half 2014. Wu added that Cosco Corp will enhance its offshore marine engineering offerings to reach out to a broader customer base. Its orderbook in this sector includes one deepwater drillship, one semi-submersible barge, one wind turbine installation vessel, one shuttle tanker, two semi-submersibles, two jack-up rigs, three Sevan 650 drilling units, and three tender rigs. |
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teeth53
Supreme |
26-Feb-2012 17:31
Yells: "don't learn through life, learn to grow with life " |
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Bo kena short down lehh. Sounded like ship building is better then shipping, is shipping increasing it rate..?. CoscoCorp Last Done: $1.21 cents Volume - 28,749,000 changed hands  -0.02
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krisluke
Supreme |
24-Feb-2012 09:15
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Cosco: Results on low end of expectations but in-line. FY11 rev at $4.2b +7.8% yoy with net profit $139.7m -43.8% yoy. This included a expected construction loss of $150.4m. Single margins remained in the single-digits with costs up due to the learning curve, 1st time jobs and overall reassessment of costs of orders. Increase in rev was due to higher contributions from ship building and marine engrg projects and lower net profit was attributed to lower profitability of dry bulk shipping and higher costs in shipyard ops. Shipyard operations increased 10.1% to $4.1b in FY2011 with 34 bulk carriers delivered. Rev from dry bulk fell 52.9% to $66.8m due to lower charter rates. Co's orderbook stands at US$6.1b with deliveries up to 1H2014. Co maintains a cautious outlook due to demand concerns and in light that IMF has lowered forecast for global growth from 4.0% to 3.3%. Appreciation of Yuan, China's interest rates, rising wages and raw material cost may affect co's operating margins. Cosco is also targeting 60% of new orders from the offshore segment in 2012. 3c dividend declared. Cosco is trading at 19.7x trailing P/E Deutsche maintains Hold with TP$1.10 Nomura maintains Reduce with TP$0.69 JP Morgan maintains Neutral with TP$1.10 |
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Tek2009
Member |
24-Feb-2012 08:47
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The immediately preceding FY = 4 cents The current FY = 3 cents |
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ronleech
Master |
24-Feb-2012 08:37
Yells: "Believe in yourself. Ride with the waves......" |
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I think 3 cents...additional 4 cents referring to preceeding FY...which is last year?? | ||||
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Peg_li
Master |
23-Feb-2012 22:38
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3 cents or 7 cents? not clear.
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Tek2009
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23-Feb-2012 22:01
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In fact it's much better than NOL. 44% net profit loss but still making money S$140mil + 3cents dividend. | ||||
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tiancai007
Master |
23-Feb-2012 18:26
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Tomorrow Cosco will be the next target slaughter by BBs after Wilmar, Genting and NOL. So fun to play earnings reports.
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krisluke
Supreme |
23-Feb-2012 17:32
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COSCO: FY2011 Net Profit Down 43.9% To S$139.7 Million.23 Feb 2012 17:18
FY2011 Group turnover was up by 7.8% to S$4.2bn supported by better shipyard performance. Shipyard turnover rose 10.1% to $$4.1bn on higher contributions from ship building and marine engineering projects. Turnover from dry bulk shipping and other business fell 52.9% to $66.8m on lower charter-hire rates. Net profit attributable to equity holders of the Company dropped 43.9% to $139.7m on lower profit contributions from dry bulk shipping and the higher costs incurred in shipyard operations. The Group will continue to focus on deliveries as it upgrades its shipyard capabilities and efficiencies, and monitor costs...
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Flyordie
Veteran |
23-Feb-2012 17:19
Yells: "Sifu, Online !!!! Sea Pek Urgent !!!!" |
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 Highlights: Group turnover was up by 7.8% to S$4.2bn supported by better shipyard performance. Shipyard turnover rose 10.1% to $$4.1bn on higher contributions from ship building and marine engineering projects. Turnover from dry bulk shipping and other business fell 52.9% to $66.8m on lower charter-hire rates. Net profit attributable to equity holders of the Company dropped 43.9% to $139.7m on lower profit contributions from dry bulk shipping and the higher costs incurred in shipyard operations. The Group will continue to focus on deliveries as it upgrades its shipyard capabilities and efficiencies, and monitor costs |
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Tek2009
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15-Feb-2012 18:53
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The Board of Directors of COSCO Corporation (Singapore) Limited (the " Company" ) wishes to announce that COSCO (Guangdong) Shipyard Co., Ltd (" COSCO Guangdong" ), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered a bulk carrier of 57000DWT, " FLAG MERSINIDI" , to its European buyer. The delivery documents were signed by and between COSCO Guangdong and the buyer on 10 February 2012. The bulk carrier measures 189.99 meters in LOA (length of all), 32.26 meters in breadth and 18 meters in depth. |
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Tek2009
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15-Feb-2012 17:32
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How about cosco closing at 1.295 today? will it follow up NOL, STXOSV? | ||||
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lowchia
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13-Feb-2012 22:42
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On Monday, Cosco trend sideway and closed at $1.26 with LOW volume of 12.42 million shares traded. During the past 10 bars, there have been 6 white candles and 3 black candles for a net of 3 white candles. During the past 50 bars, there have been 27 white candles and 18 black candles for a net of 9 white candles. Both RSI & MACD are bullish though RSI in overbought region. Important Resistance of Cosco: $1.295 Immediate Support of Cosco: $1.125 Currently prices are resisted by 200 days MA at $1.295 For the past 3 sessions, prices have ................ READ MORE |
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New123
Elite |
06-Feb-2012 11:47
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Wow! cosco broke-out of $1.22 with strong vol. expect to see more futher upwards.. | ||||
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alexchia01
Elite |
04-Feb-2012 23:35
Yells: "Catch The Stars And Ride With Them" |
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I agree... Brought Cosco on Friday. Very impressive run in Jan. My target for Cosco is $1.385.
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hpong5
Master |
04-Feb-2012 19:23
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More upside on monday. Accumulation by big players for weeks already. The US jobs report is the catalyst it needs, at least for the short term. | ||||
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