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Cosco CEO bought 300 lots @ 2.12 from open market today!
HUAT HUAT HUAT!
Any volume update on cosco ?
Anybody can share the market depth ?
no harm buy with spare cash.... 
cosco div 4cts standard... 3cts special....
look at the earnings.... guess only 4cts if any..... guess only hor... hehe...
if at 1.11 n got 4cts... only 3.6 per cent... hehe...
ppl say dun bet on divs... bet on rig contracts... hehe...
my boss no sell yet.... hehe...
still a buy with spare cash.... no harm.... hehe...
good entry for cosco, nol, mercator.... sure win formulae...
hehe...
Your expectations have come true. You reckon there is ammo for further run?
hp3000 ( Date: 21-Aug-2009 14:51) Posted:
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everything seems ok, should be no problem to test the next resiitance level of 1.3+
hp3000 ( Date: 21-Aug-2009 14:51) Posted:
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COSCO Corp could be poised for more upside in the days ahead after breaking above the S$1.18 key support-turned-resistance level in trading on heavy volume.
- With the RSI and Stochastic indicator rebounding sharply above the oversold region and the MACD possibly bottoming below the centre line, they suggest that the downside momentum has waned.
- However, we would advocate waiting for a successful retest of this resistance-turned-support level which should further serve as confirmation of the breakout.
- Should the confirmation materialize, we expect the stock to test the initial resistance at S$1.31 (support-turned-resistance level and 30-day MA), breaking which, the next resistance is at S$1.47 (2009 high).
- With the RSI and Stochastic indicator rebounding sharply above the oversold region and the MACD possibly bottoming below the centre line, they suggest that the downside momentum has waned.
- However, we would advocate waiting for a successful retest of this resistance-turned-support level which should further serve as confirmation of the breakout.
- Should the confirmation materialize, we expect the stock to test the initial resistance at S$1.31 (support-turned-resistance level and 30-day MA), breaking which, the next resistance is at S$1.47 (2009 high).
Noble orders five vessels from Cosco, China shipbuilding Dalian - Bloomberg
Noble Group, a Hong Kong-based supplier of raw materials, will more than triple its fleet after it ordered five bulk carriers worth about US$320
($463) million from a unit of Cosco Corp. Singapore and another Chinese shipyard.
Cosco Dalian Shipyard will build four 92,500 deadweight-ton bulk ships and China Shipbuilding Dalian will construct one capesize vessel, Noble Group
said today in an e-mailed response to questions. It confirmed a report by Lloyd's List on Aug. 18, citing the company's Vice Chairman Harry Banga.
China's spending on infrastructure projects such as railways and roads has boosted iron ore demand, encouraging shipping companies to order new
vessels. The country's shipyards won the most orders globally for 31 ships in the first six months, according to Clarkson Plc.
The vessels will be delivered between January 2010 and December 2012, Noble Group said. The company currently owns two vessels.
Noble Group gained as much as 2% to $2.02 and traded at $2 as of 11:43 a.m. in Singapore. The stock has almost doubled this year, compared with a
44% climb in the Straits Times Index. Cosco gained 2.6% to $1.2.
China, the world's biggest consumer of iron ore, in July imported a record 58.1 million metric tons of the material used to make steel products, 5%
more than a month ago. The country is also the world's biggest importer of soybeans.
A total of 3.4 million deadweight tons, equivalent to 80 vessels, were ordered in the January-June period, 96% less than a year earlier as the
credit crisis and global economic recession reduced demand for new ships, according to Clarkson, the world's largest shipbroker.
Ternium expects apparent demand in its main markets to gradually increase in the third quarter 2009, as the destocking process in the steel value chain is drawing to a close in most of the Americas. It anticipates positive operating results during the third quarter 2009, as a result of lower operating cost per tonne, higher shipments and relatively stable revenue per ton, and an average capacity utilization of approximately 70%.
Must buy more to keep under my pillow ....
SHANGHAI -- Shanghai International Port (Group) Co., operator of China's busiest port, and China Shipping Container Lines Co. rose in Shanghai trading on speculation a global trade slump is easing. Shanghai Port climbed as much as 3.5 percent to 6.29 yuan as of 10:53 a.m. China Shipping Container, the city's biggest cargo-box carrier, jumped as much as 9.3 percent to 6.25 yuan. China's export orders rose last month, according to the official Purchasing Managers' Index, as U.S. and European retailers stocked up in anticipation of a recovery in demand. A slump in container traffic at Shanghai Port also likely slowed last month, according to Deutsche Bank AG. “These signs are encouraging as we approach the third quarter,” Karen Tang, an analyst at the bank, said in a note Monday. Shanghai likely handled 2.14 million containers last month, a decline of 9 percent from a year earlier, Tang said. Traffic dropped 16 percent in the first half, she added. The official figures will be released on Aug. 10, Shanghai Port Board Secretary Jiang Haitao said Monday. An export-order index rose to 52.1 in July from 51.4 in June, according to the PMI. China Cosco Holdings Co., Asia's biggest shipping line by market value, jumped as much as 7.5 percent to 19.88 yuan in Shanghai trading.
wow...sound good man...enter now hold for long term and wait to recover 50% from it's peak at $8...
China's exports continued to shrink last month, but at a smaller rate. Imports continued a third month rally. Analysts say the figures show positive signs of a rebound and recovery of the country's import and export. Officials say July's import and export results continued to improve. Zheng Yuesheng, Statistics Dept. director of General Administration of Customs, said, "In July's results, two figures were pretty good. One was that exports in July exceeded 100-billion US dollars, the first time this year. The other was that imports in July increased for the third month by 3 percent. These results were the best among the major economies in the world. They also showed that China's economy has been an important support for the world economic recovery." Export of textile and other labor-intensive products achieved double-digit growth for the second month. Huang Guohua, analyst of General Administration of Customs, said, "In a recessional economy, demand for basic life necessities will not drop significantly. Labor intensive industries are also where China has advantages and enjoys very stable market shares." China's export of high-tech products, machinery and electronic products decreased because of rising material costs. China also intentionally curbed exports of high-polluting and high energy consuming products like steel and cement. At the same time, IT products such as computers achieved export growth, which analysts attribute to material cost cuts. Huang said, "According to our analysis, it's because prices of materials like chips and circuits tumbled, giving Chinese made computers price advantages." Among imported goods, iron ore, crude oil and beans were on the rise in July. Overall, the recovering trend of China's imports and exports is clear. Exporters are encouraged to adjusted their product structure according to international demand. There should also be more efforts to develop more export destinations in South Asia, the Middle East and South America.
Lelong lelong....
looks nice for entry soon.. $1.02 ;)
Cosco Corporation - More delays but no surprise
Cosco has rescheduled the delivery of eight bulk carriers (by 4-9 months) to two European customers. Since end-2008, Cosco has had 34 vessels rescheduled for later deliveries and five cancellations. We have cut our earnings estimates by 9-12% for FY09-10 but raised by 2% for FY11, to reflect the deferment of some shipbuilding contracts from 2010 to 2011 and 2012. Maintain Underperform, albeit with a higher target price of S$0.69 (from S$0.39), still based on sum-of-the-parts valuation. Our higher target price is based on higher resale values for its bulk carriers as the second-hand market improves. We also peg a higher 7x CY10 P/E (previously 3x trough) for its ship repair and shipbuilding businesses, in line with its Chinese peers and an improved market risk appetite.