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My view. The description "ship builder" has several perspectives to it ... ship repair, engineering, rig builder. The scale of Cosco is huge even among the shipyard community. I do not see their order books "rapidly decreasing" even though the last one year they had cancelled or postponed orders for new vessels. It's like saying Boeing will "die" if aviation industry is in the doldrum - take a supermassive economic downturn to kill a company like Cosco which of course means many companies on SGX will also die. This doomsday scenario is not likely in my opinion. If the sector pick up, I think Cosco will in fact come out much stronger. Between Cosco and a company like NOL, I would stake my bet on Cosco. The only reason a company like Cosco can "die" is if there is financial mismanagement - this would be true for ANY company.
Disclaimer : Vested in YZJ, not Cosco but always looking at it keenly.
grandmaster89 ( Date: 08-Jan-2010 16:54) Posted:
Bro, Cosco is primarily a ship builder. It doesn't operate ships like NOL. Its small dry bulk fleet only accounts for 8% of their revenues. If they can't replenish their rapidly decreasing order books, they will die next year.
mabbru2 ( Date: 08-Jan-2010 16:40) Posted:
| Well, NOL not only continer but petroleum products as well as crude oil. Ship's operator, cosco also do the same except far more in volume and numbers. DBS underestimated the stock to fully value at 1.26. Are they competent analyst? |
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COSCO is HUGE SHIPYARD....
If COSCO dies NEXT YEAR, NOL also will be WRECKED....
BUT both counters have BIG BIG MOUNTAINS Backing....even losing money MUST STILL HOLD ON....
In that SENSE, they won't die.... so easily....
grandmaster89 ( Date: 08-Jan-2010 16:54) Posted:
Bro, Cosco is primarily a ship builder. It doesn't operate ships like NOL. Its small dry bulk fleet only accounts for 8% of their revenues. If they can't replenish their rapidly decreasing order books, they will die next year.
mabbru2 ( Date: 08-Jan-2010 16:40) Posted:
| Well, NOL not only continer but petroleum products as well as crude oil. Ship's operator, cosco also do the same except far more in volume and numbers. DBS underestimated the stock to fully value at 1.26. Are they competent analyst? |
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Posted a message here this morning, not sure why it din appear... Anyway I was thinking the cancellation only amounted to (based on rough estimation) less than 10% of the total book orders of US$6.3B it currently has, so the impact may not be as great as we thought, and Cosco should be able to tide over this tough times with its large cash position. With many deliveries in 4Q09, and a lot more revenues coming in from rescheduled deliveries, earnings should increase in the next few Qtrs and I believe the stock prices will shoot up.
grandmaster89 ( Date: 08-Jan-2010 16:54) Posted:
Bro, Cosco is primarily a ship builder. It doesn't operate ships like NOL. Its small dry bulk fleet only accounts for 8% of their revenues. If they can't replenish their rapidly decreasing order books, they will die next year.
mabbru2 ( Date: 08-Jan-2010 16:40) Posted:
| Well, NOL not only continer but petroleum products as well as crude oil. Ship's operator, cosco also do the same except far more in volume and numbers. DBS underestimated the stock to fully value at 1.26. Are they competent analyst? |
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can this bugger reach $1.5 by this month? buying interest looks strong since last week...
Bro,
Cosco is primarily a ship builder. It doesn't operate ships like NOL. Its small dry bulk fleet only accounts for 8% of their revenues. If they can't replenish their rapidly decreasing order books, they will die next year.
mabbru2 ( Date: 08-Jan-2010 16:40) Posted:
| Well, NOL not only continer but petroleum products as well as crude oil. Ship's operator, cosco also do the same except far more in volume and numbers. DBS underestimated the stock to fully value at 1.26. Are they competent analyst? |
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Well, NOL not only continer but petroleum products as well as crude oil. Ship's operator, cosco also do the same except far more in volume and numbers. DBS underestimated the stock to fully value at 1.26. Are they competent analyst?
Cosco and NOL are in two different sectors - how can you compare one against the other?
Cosco - Ship Building
NOL - Container Shipping
MFT can't be trusted!!!
Sold mine at 1.30 cos following DBS security report that Cosco is fully value and TP is $0.78. I hope they are wrong as usual.
I guess NOL will give us surprise with profits !! hehehe.... hold hold long long....
Good call. It's going to go up some more. Hold and wait for higher price to sell.
Took profit liao and now back to NOL ... hehehe... Singapore brand play safe...
For the next quarter, STI index is very likely soar to 3200 to 3300......
I have very strong feeling that it will gonna break the 3000 barrier.......
Current price is still very very cheap,
I'm still buying without fear if STI is below 3000 level....
However, once STI index reached 3100 & above, please take extra caution.......
Dun chase stock.......buy and wait for them to come...:):)
This stock is definitely worth holding for the long term...
Very strong support @ $1.30.....
Agreed... upside potential greater than all counterpart...
I think this stock's value is underestimated. It has potential to go up. As comparision, look at NOL price as well as SemMar, cos Coscos is the largest shipowner /shipbuilder in China. China's economy size is second largets economy after USA. Just a personnel view tho.
