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Shipping Corp of India announced that they have signed for 4 x 82 kdwt kamsarmax bulk carriers at Jiangsu Eastern basis delivery in 2012.
Gd to buy on dip for long haul
JES International Holding has a huge gap up few days ago and has reached 161.8% Fibonacci Resistance at about $0.364. JES will probably consolidate for a while before deciding the next movement.
see chart at http://mystocksinvesting.com/singapore-stocks/jes-international/jes-international-reached-target/
JES has reached the 161.8% FR level. Probably will take a rest here first.
http://mystocksinvesting.com/singapore-stocks/jes-international/jes-international-reached-target/
| Singaporean shipbuilder and offshore fleet owner Jaya Holdings has reported a consolidated net profit of S$104 million (US$77.23 million) for the financial year ended June 30, 2010 compared to S$1.2 million (US$890,000) a year ago. You think any upgrades coming soon? |
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JES cheapest shipyard counter with>upside As at June 2010,JES's order books atand at US760mil or 30vessels for delivery up to FY2012.The comapany has turn around with 2nd qtr net profit S$9.4mil
JES is the only cheapest shipyard counter in this region that is still trading below book value at 0.8times price/book value and 75% discount to average valuation for China and SAingapore yards. Listed at wrong timing in Dec 2007 at 66cts....it was unfairly punished...when market came crashing down...will outperform.  |
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ipo 66cts in dec2007..turnaround co with good potential time to catch up with Cosco and YZJ
This quote is really wierd.
Who doesn't know that playing with fire always hurts...
DONT BE THE LAST BABY HOLDER WHEN MUSIC STOP,,,,,,,,,,,,,AND WE WILL KNOW WHO IS NAKED SWIMMING ,,,,,,,,,,,,,,,,ALERT
run
Thread with caution. Already was up yesterday more than 60%. It may be time for the bb to dump. Cheers.
Moving...
dbsv tday initiated a coverage with a 12mth tp of $0.46 for this counter. suggested could be another undiscovered gem. watch out for it ya!
Querred by SGX. Waiting fo the usual answer.
Cheers.
Dual listing come? yesterday 31m vol
tchoonw ( Date: 09-Jul-2010 11:18) Posted:
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one trader...
rickyw ( Date: 09-Jul-2010 11:08) Posted:
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heard from where?
tchoonw ( Date: 09-Jul-2010 10:58) Posted:
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heard jes may be going for dual listing!
The Directors of JES International Holdings Limited (the “Group”) wish to
announce that, in accordance to its policy of recognizing orders as effective upon
receipt of initial deposits, the Group has entered into the following new
shipbuilding contracts:
(i) Shanghai Baosteel Shipping Ltd (上海宝钢航运有限公司) for the
construction and sale of one (1) unit of 23,000 DWT bulk carrier. The
delivery of the vessel is expected to take place before 1 April 2012(1).
(ii) Shanghai Baosteel Shipping Ltd (上海宝钢航运有限公司) for the
construction and sale of one (1) unit of 23,000 DWT bulk carrier. The
delivery of the vessel is expected to take place before 1 July 2012(2).
(iii) Ermeland Shipping Inc, a company incorporated in Panama, for the
construction and sale of one (1) unit of 82,000 DWT bulk carrier. The
delivery of the vessel is expected to take place on or before 31 December
2011.
Notes:
(1) & (2): these relate to the option agreement entered into with Baosteel Shipping wherein Baosteel
Shipping had an option to engage the Group to construct 2 additional 23,000 DWT bulk carriers.
Please refer to announcement made on 14 May 2010 for further information.
- 2 -
(iv) Alkimos Shipping Corporation, a company incorporated in the Republic of
Liberia, for the construction and sale of one (1) unit of 95,000 DWT bulk
carrier. The delivery of the vessel is expected to take place on or before
31 January 2012.
(v) Ionic Investment Corporation, a company incorporated in the Republic of
Liberia, for the construction and sale of one (1) unit of 95,000 DWT bulk
carrier. The delivery of the vessel is expected to take place on or before
28 February 2012.
(vi) Corinna Shipping Inc, a company incorporated in the Republic of Liberia,
for the construction and sale of one (1) unit of 95,000 DWT bulk carrier.
The delivery of the vessel is expected to take place on or before 31 March
2012.
The Company will release further announcement(s) of any material information
relating to these shipbuilding contracts as and when it arises.
On behalf of the Board
Jin Xin
Chairman and Chief Executive Officer
7 July 2010
Never hope a company will come to rescue its share price. Very seldom will it happen, but unless the company is very cash rich with too much idle money from profits lying around, they might buy back some shares but they also know that the market's sharks are too strong jawed. Don't like the risk. Hahaha.