STX PO
Earning per share Increase 130%
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Shares in shipping firm STX Pan
Ocean on Thursday surged by the daily limit of 15 percent to
2,345 won during their second session of trade amid expectations
for strong earnings due to booming demand for dry bulk shipments.
(2345won = S$3.80) S'pore side got catching up to do!
STX Pan up 4.9 pct in Singapore as Seoul stock hits limit
SINGAPORE, Sept 27 (Reuters) - Shares of South Korean
shipping firm STX Pan Ocean jumped 4.9 percent in early
trade to S$3.40 on Thursday after its Seoul-listed stock
<028670.KS> surged by the daily limit of 15 percent during its
second trading session. [ID:nSEO40181]
The company, which was first listed in Singapore, jumped in
its Seoul debut on Friday ater its $630 million share offer --
the country's biggest IPO this year. [ID:nSP165545]
Seoul markets were closed from Monday to Wednesday for a
public holiday.
Another top volume day. Check out this article on STX:
http://cleartotrade.blogspot.com/
$2.52 and still climbing. Will list on Seoul Ex around mid to end sep. Timing just nice, 18 sep is Fed mtg. If Bernanke cut rate, market will rise and that will give the new listing an important boost.
this counter move to high oredi. may re-correction soon.
Price up 10% to 2.32. 18million shares traded. Must be the Dual Listing
Another Good Result. Net Profit rose more than 5 fold to U$178.
Anyone knows when are they going to list the shares in Korea?
Any good news on this counter????????
Latest rating by CLSA is buy target of S$1.9+
http://www.shareking.com/
Once listed in korean stock exchange...predict will cheong again like COSCO...heehee.....STX Cheong Arrrr....now consolidation....vested
...target $2.00..good news may be on the way soon.
With the rebound of US market on friday nite as well as increase of trade for S'pore and korea reported on teletext....this stock should move uptrend.What go down must go up again. Cheers and enjoy the weekend.
Wasted i went in too early ...otherwise will scoop up at yesterday price....but anyway my target for this is $2 n beyond
http://stocks.us.reuters.com/stocks/recommendations.asp?symbol=STXP.SI&WTmodLOC=L2-LeftNav-24-Recommendations Outperform....recommend a buy....good results so far....could be another COSCO....shoot up suddenly....cos others like NOL, COSCO, YZJ around $2+.....now correction at $1.70....bridging $1.9 again is only a matter of time......need a house recommendation....
Cheers.
Good time to accumulate now...will break $2 with ease
Good news! Price set a all time high of $1.93 today! Since my 1st posting on 25 May, the share has advanced 15%. With the resistance price of 1.92 broken today next resistance should be $2.60. Buy!
Finally completed its consolidation. This mornig advance with good volume to continue its uptrend. BUY.
SEOUL/SINGAPORE, May 25 (Reuters) - STX Pan Ocean , a South Korean shipping firm listed in Singapore, aims to raise up to $400 million in a Seoul listing this year to fund purchases of new ships, sources close to the deal said on Friday.
STX Pan Ocean plans to float 340 million new shares, or 20 percent of its current share capital, to raise between $300 million and $400 million, the sources told Reuters, asking not to be identified.
The listing, which will make STX the first South Korean firm to go public abroad and list at home later, comes as the shipper is expanding its fleet to take advantage of record freight rates.
STX Pan Ocean said in March it was considering a possible dual listing on the Korea Exchange to help finance its purchase of 16 new vessels in 2007, which it estimated would cost the firm about $800 million, but has so far said nothing has been decided.
STX PO EPS in 1st Q 07 increase 130% to 3.5cUS, from 1.5cUS in 4Q 06. Very consistance performance so far. Charts also shows very steady uptrend consistance with earning. Recommend Buy!
