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hi guys, i'm new with the dividend thingy. i bought this counter on 15 april.
Do i stil recieve Div?
O.o what happening to this counter? too many shortlister?
finally see the price below $1...still going south?? anybody can advice on entry price??
70c
Why her mother needs so much credit line?
COSCO given $15bn credit line Posted: 26 Apr 2009 10:07 PM PDT As part of Beijing's dramatic stimulus plan the world's richest bank ICBC has given COSCO a $15bn credit line, delegates attending the 2nd Asia Maritime Law Conference in Singapore were told.
http://www.vinamaso.net/news-events/shipping-logistics/cosco-given-15bn-credit-line.html
I am not so concerned abt swing flu for now as long as it does not landed at our door steps or neighbours house. Better bother her mother cancelling more orders with her daughter.
Any predictions for 2mrw on this stock. The swine flu is making me nervous!
Have tried to look at Cosco financial yr 08, alot of nice picture but in it's last few pages from pg 150 onwards on financial risk management- alot of currency, liabilities & borrowing risk.Wonder how much debt they have.As I am not invested I did not border to check, not interested unless down to 70 cts..
Cheers
Cosco mother whipping its son? More bad news
Cosco to cancel or delay orders
China Cosco plans to cancel or postpone some of its vast portfolio of ship orders, scotching speculation that the state-controlled shipping line might be forced to increase its orderbook to support China's shipyards.
The company, the world's biggest operator of dry bulk ships, announced its plans on Thursday alongside results showing pre-tax profits fell from Rmb26.1bn in 2007 for to Rmb15.7bn ($2.3bn) in 2008, on revenue up to Rmb131bn from Rmb112bn.
Many observers had expected Cosco to take on some of the orders for ships placed at Chinese shipyards likely to be cancelled as shipping markets suffer a severe downturn.
China is the world's second-biggest shipbuilder after Korea and Cosco is a force in both dry bulk and container shipping.
Most analysts believe owners ordered far too many dry bulk and container ships during the boom that ended last year.
Steve Man, an HSBC shipping analyst, argued earlier this month that the Chinese state might push Cosco and Sinotrans, another state-controlled transport company, into helping the shipyards by taking on other owners' cancelled orders.
As long ago as October, Paul Slater, a veteran shipping industry observer, had compared contemporary China with 1970s Japan, where Japanese owners took over tanker orders cancelled by foreign owners to support shipyards and increase Japan's control over its oil trade. The move depressed tanker earnings for years.
Cosco's results statement said only that the company was in negotiations with shipyards over delays and cancellations of dry bulk ships, without giving precise numbers.
The 58 ships that Cosco has on order would expand its dry bulk capacity by more than a fifth.
In container shipping, the company said it wanted to delay delivery of the largest three of the nine ships it is due to receive this year until 2010.
The lack of specifics on the dry bulk cancellations prompted scepticism from some shipping observers about whether Cosco would eventually be allowed to tear up the contracts.
Martin Sommerseth Jaer, an analyst at Oslo's Arctic Securities, said that from most shipowners, Thursday's announcement would have come as no surprise. It makes commercial sense for owners to cancel many existing orders following the collapse in demand for shipping and sharp falls in vessel values.
However, Cosco was in a different position as a company controlled by the Chinese government.
"I had personally expected that the Chinese government would somehow use Cosco as the tool for building what other companies cancelled," he said.
U bgt below 90cts then no worry..go for dividend..in fact I sold some form $1.12 to $1.16..gd to buy back if can drop below $1 again...This is a bell weather stock..see
Board of Directors Board of Directors Key Management Key Management Corporate Structure Corporate Structure Our Major Shipyards Our Major Shipyards Capacity Capacity Order Book Order Book Dry Bulk Shipping Network Dry Bulk Shipping Network Dry Bulk Fleet Dry Bulk Fleet Ship Repair, Ship Building & Marine Engineering Ship Repair, Ship Building & Marine Engineering Dry Bulk Shipping Dry Bulk Shipping Shipping Agency Shipping Agency IR Home IR Home Chairman's Statement Chairman's Statement Vice Chairman's Statement Vice Chairman's Statement Shareholders Shareholders Financials Financials Financial Highlights Financial Highlights Financial Ratios Financial Ratios Annual Report Annual Report Financial Calendar Financial Calendar Analyst Coverage Analyst Coverage Announcements Announcements Webcasting Webcasting Stock Price Stock Price Fundamentals Fundamentals Insider Trades Insider Trades Events Events Email Alerts Email Alerts IR Contact IR Contact Corporate Information Corporate Information Financial Information Financial Information Multimedia Multimedia Stock Information Stock Information Information Request Information Request
COSCO GROUP | COSCO SHIPYARD GROUP | 中文
| COSCO CEO SEES SHIPPING RECOVERY IN Q2 |  |
| Business is looking up for China’s Cosco Group, the world's largest dry bulk ship operator, as a recovering Chinese economy helps boost trade and international freight prices, its chief executive said last Friday. “Even a slight tick-up in the macro economy will surely enhance trade flows, which will benefit the shipping industry,” Wei Jiafu told Thomson Reuters in an interview on the sidelines of the Boao Forum. Cosco Group is the parent company of China's largest shipping conglomerate, China Cosco (1919.HK), Chinese shipbuilder Cosco Corp (COSC.SI) and Cosco Pacific (1199.HK), the world's fifth largest port operator. While China’s annual economic growth slowed to its weakest pace on record in the first quarter, analysts said sequential growth in the quarter almost doubled from the previous three months. The rate of decline in Chinese exports also slowed in March from February. The global shipping industry, battered by its worst crisis in decades, has seen dry cargo rates dive more than 90% after a five-year boom. “The situation for the first quarter was definitely not good as trade volume slumped. But it is improving impressively in the second quarter as shipping and leasing costs are trending up,” Wei said. The Baltic Exchange’s main sea freight index, the Baltic Dry Index <.BADI>, which tracks rates to ship dry commodities, has recovered strongly to about 1,680 from lows below 800 in the fourth quarter. Wei said that the freight rate for each of his company’s standard containers heading to Europe rose by about US$150 ($225) in April. |
|
Very interesting pattern in ShangHai Index. :)
787180,
your view is can buy NOL now? since is low..what about Cosocorp? shall wait further?
STI drop more than 58 points but this counter loses 4cts to $1.06...the dividend of $77 is indeed attractive,no adverse news at AGM ytday....waiting for global trade to pick up..shd catch up with NOL($1.37)...may not see its glorious days of $8 anymore but may be >$3 still possible before 2010
chart by a monk, interesting.
Regarding to MONK Chart, those in the market long enough will know its accuracy!! Nonsence!
Bought on dip this morning at $1.06...
RESPONSES TO ARTICLE IN THE BUSINESS TIMES
The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”)
refers to the article which appeared in The Business Times of 20 April 2009 entitled
“Order cancellations key issue at Cosco (S’pore)”. The article raises the following
questions namely, the likelihood of further order cancellations and reschedulings,
whether the usual seeking of a mandate to issue shares at the annual general meeting
of the Company to be held on 20 April 2009 is a precursor to a rights issue, the accuracy
of the policy, in relation to assessing revenue flows, adopted by the Company to only
announce newbuilding contracts after the first instalment has been received and whether
the Company has plans to divest its dry bulk shipping business.
The Board of Directors of the Company wishes to announce its responses to the above
questions:
Question 1: What is the likelihood of further order cancellations and
reschedulings?
Answer 1: The Company is unable to say for certain if there will or will not be further
order cancellations and reschedulings, or the extent thereof if any, given
the conditions facing the shipping industry at present.
Question 2: Whether the usual seeking of a mandate to issue shares at the
annual general meeting of the Company to be held on 20 April 2009
is a precursor to a rights issue?
Answer 2: The Company has no plan at present to undertake a rights issue. The
mandate has been a usual item for consideration at the Company’s past annual
general meetings and the Company again seeks shareholders’
approval for the mandate at this year’s annual general meeting.
Question 3: How accurate is the policy, in relation to assessing revenue flows,
adopted by the Company to only announce newbuilding contracts
after the first instalment has been received?
Answer 3: The Company used to announce newbuilding contracts upon the signing
of each contract. However, due to the cancellation of some of those
contracts, the Company, as a matter of prudence, decided to announce
the newbuilding contracts only after the first instalment had been received
as such payment would better reflect the commitment of the shipowners
to the contracts in the current environment.
Question 4: Whether the Company has plan to divest its dry bulk shipping
business?
Answer 4: The Company has no plan at present to divest its dry bulk shipping
business.
By Order of the Board
Jiang Li Jun
Vice Chairman/ President
Date: 20 April 2009
Taking a breather at $1.09...this week just break $1 mark convincingly...shd approach $1.50 a matter of time ..if got profit take first buy back latter for those who bought from 75 cts to $1...for those who want to hold longer at $1.09 and with dividend $77 by ex date 28April the yield is about 7%( 477 divide by 1090) it's better tahn putting in bank earning a miserable 0.25%..chances of capital gain quite good..AGM on Mon 20April
worth buying this counter at 1.10 today? seems like not moving much
what will be the tp price?