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381-400 of 5997
looks like a sharp turn upwards pattern ..... similar to dbs pattern ?
if so, likely to gate crash the shortists .....
may test 1.15 later (just prediction)
huat ahhhh.. but im still at a loss.. bought at 1.15 recently.. on hindsight, if onllllyyyy i could just wait for two dayssss... but if everyone has that ability, there will be a lot more lambo and ferraris on the streets... hahah..
and hopefully can see some scooping up action
cosco in technical reversal mode .....
hope will rally nicely from hereon .....
yup, it's a lot .....
interestingly, previously even with analysts' write-ups, cosco still cheong .....
not sure what these analysts are up to ?
churnw ( Date: 12-Apr-2012 16:57) Posted:
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Cosco Corporation: FULLY VALUED S$1.10 Bloomberg Code: COS SP Secures 4th tender rig contract from Seadrill Price Target : 12-month S$ 0.88
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Tender rig order worth US$75m. Cosco has secured a contract to build a self-erecting tender rig T18 valued at US$75m from Seadrill, excluding owner furnished drilling equipment. T18, when completed, will be equipped with enhanced drilling capabilities allowing for higher drilling efficiency including the advantage of a light weight drilling equipment set. The rig is capable to drill at 6,500 feet and a drilling depth capacity of 20,000 feet. 4th contract from Seadrill. This is the 4th tender rig order from Seadrill, exercising its last option with Cosco. As a recap, Seadrill was awarded two options (T17 and T18) in February 2011 when T15 and T16 were contracted to Cosco. The option over T17 was exercised in Apr 2011. (Embedded image moved to file: pic09970.jpg) Source: company 14-15% increase in contract value. The contract price of US$75m represents a 14-15% increase over the average price of US$65-66m for the first three orders. We believe the initial orders were not profitable as company lowered prices to secure first tender rig contract from first-tier operator. Seadrill is a leading offshore deepwater drilling company and operates a versatile fleet of 63 units (of which 16 are under construction) that comprises drillships, jack-up rigs, semi-submersible rigs and tender rigs for operations in shallow to ultra-deepwater areas in harsh environment and benign environments. With the climb up in learning curve and better pricing, we expect the latest contract to fetch gross margins of about 10%. Offshore enquiry is high. A slew of offshore contracts lately are confidence boosters on Cosco. YTD order wins amounted to US$635m, forming 32% of our assumption of US$2bn. We understand that the enquiry level for offshore projects is high. The ability of securing offshore projects at stronger prices will enhance Cosco’s profitability and earnings visibility moving forward. (Embedded image moved to file: pic25608.jpg) source: company Valuation looks stretched still. While company outlook is improving, current valuations of 18x FY12 PE and 1.8x P/Bv appear expensive for a company with patchy track record. Maintain FULLY VALUED and TP of S$0.88, translating to PE of 14.7x on FY12 earnings.
it will drop, enter when it drops.
the contract in USD not yuan , so is quite a lot.......
if the contract worth few billion maybe lor...hahaha
wow, if that happens, that would really be good news! woohoo!
seanpent ( Date: 12-Apr-2012 14:36) Posted:
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I went in at 1.115...miss the bottom catch..... but look like not much push power
those hitting rock bottom will bounce up fast & furious ...
cosco was at very low of 1.09 ...
1.13 then retreated back.... wait for last 10 min see how the situation...
big herd of bulls
will it gap up strongly upon lifting of suspension ? say 1.3x ?
lucky is it not issusing rights...lol
maybe, for one lot, we get hundreds in dividends?! or or or, 1 for 10 bonus shares?! wahhahaha..
COSCO CORPORATION (S) LTD (Miscellaneous :: Cosco Corporation Secures Contract Valued Usd75 Million For One (1) Tender
hope so...amybe the announcement of rising the bulk price?