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Latest Posts By goldenpiggy - Senior      About goldenpiggy
First   < Newer   321-340 of 4476   Older>   Last  

27-May-2011 09:24 COSCO SHP SG   /   CoscoCorp       Go to Message
x 0
x 0 		drop down again....
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27-May-2011 09:02 COSCO SHP SG   /   CoscoCorp       Go to Message
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x 0 		wat ?

eplepl      ( Date: 27-May-2011 08:59) Posted:

roti boy where are u ?

chris168      ( Date: 26-May-2011 17:13) Posted:



Oh but it is possible, just give it some bad news ...

It has dropped from 2.38 to 1.89 within a relatively short period.

yeah I'll still wait for 1.80 ...

after I sell this 20 lots.
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27-May-2011 08:59 COSCO SHP SG   /   CoscoCorp       Go to Message
x 0
x 0 		roti boy where are u ?

chris168      ( Date: 26-May-2011 17:13) Posted:



Oh but it is possible, just give it some bad news ...

It has dropped from 2.38 to 1.89 within a relatively short period.

yeah I'll still wait for 1.80 ...

after I sell this 20 lots.

rotijai      ( Date: 26-May-2011 16:34) Posted:



ok..1.8+ is impossible now..

can master isolator or other sifus here..

buy up to 2.1+ for me to short?

if not.. buy up to 2.3+ for me to short ? thanks
Good Post  Bad Post 
27-May-2011 08:55 COSCO SHP SG   /   CoscoCorp       Go to Message
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Who is the clients?? and their  FIRST QUARTER RESULTS * FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT  (http://www.ksenergy.com.sg/UploadedImg/File/2011News/20110511%20-%20Q1%20Results%20announcement.pdf) , is the report ok??? any comments???

KS Energy To Build US$388 Million 2 Jackup Rigs

Published On: 26 May 2011

JAKARTA: Singapore-listed company KS Energy Ltd, that is controlled by the 40th Indonesian richest businessman Kris Wiluan, has contracted COSCO Nantong Shipyard Co Limited (COSCO Shipyard) to construct two new jackup rigs. 

The total project cost is estimated at US$388 million, which includes project management, drilling and handling tools, spares and capitalized interest. 

The construction will build two drilling rigs based on the LeTourneau Technologies, Inc (LeTourneau) WORKHORSE ® Class design with expected delivery date of 27 months and 32 months respectively, from the contract effective dates.     

When completed, both rigs will be capable of operating in water depth of up to 400 feets and a rated 
drilling depth of 35,000 feets. 

Each rig can also accommodate 150 personnel on board. “To be a global player in the drilling business, we have to have a large fleet to cater to different market needs. The addition of these two rigs will increase our fleet to 12 rigs, which includes 4 jackup rigs,” said Kris Wiluan, Chairman and CEO of KS Energy, in a statement obtained by Bisnis today.   

Presently KS Energy has and manages 6 land rigs, a lift boat, 2 jack-up rigs and an accommodation rig. Two of its jack-up rigs – the KS MedStar and the KS Endeavor are drilling in Egypt and West Africa.   

This latest move is part of the Group’ strategy aimed at growing and expanding its drilling operations. 

Following the consolidation of its distribution business last year, the Group is now moving towards consolidating its drilling business.   

As of 2010, the group’s drilling businesses, including the operations of Atlantic Oilfield Services have been consolidated under the umbrella of its newly incorporated entity dubbed KS Drilling Pte Ltd (KSDR).

KSDR has operations spanning Africa, the Middle East, the North Sea, China and Indonesia. (wiw)
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26-May-2011 23:55 COSCO SHP SG   /   CoscoCorp       Go to Message
x 0
x 0 		when can we see $2.30 leh
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26-May-2011 21:28 COSCO SHP SG   /   CoscoCorp       Go to Message
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DBS Group Research . Equity 26 May 2011

Cosco Corporation (Bloomberg: COS SP | Reuters: COSC.SI)

BUY S$1.95, Price Target: S$2.86

Analyst:

janicechua@dbsvickers.com

HO Pei Hwa +65 6398 7968

peihwa@dbsvickers.comJanice CHUA +65 6398 7954

Secures two jackup orders from KS Energy

Source of all data: Company, DBS Vickers, Bloomberg

Orders for two jack-up from KS Energy. Cosco

announced over lunch that it has secured orders for two

units of jackup drilling rig worth US$360m in total from

KS Drilling Pte.Ltd, a subsidiary of KS Energy Limited.

The first rig is scheduled to be delivered in 3Q13 and

the second rig in 1Q14.

A vote of confidence. The jack-ups will be built at

Cosco Nantong, based on LeTOURNEAU WORKHORSE

Class design. Upon completion, these rigs will be one of

the world's deepest drilling rigs with drilling depth of up

to 35,000 ft, capable of operating in 400 feet water

depth and with accommodation for 150 persons

onboard. It features an offline stand building capability

to handle drill pipes efficiently and is equipped with a

capacity hook-load of 2 million pounds, boosting overall

rig performance and productivity. We see the award of

sophisticated rig orders as an accolade and vote of

confidence in Cosco's offshore capability.

YTD wins make up 67% of our assumption. This will

bring Cosco's YTD firm contract wins to US$637m.

Taking into account the LOIs of two cylindrical rigs from

Sevan (worth US$1.05bn), which we believe is 'almost'

in the bag, total order wins would amount to approx.

US$1.7bn, making up 67% of our order win

assumption of US$2.5bn.

More to come. As highlighted in our previous reports,

the latest wins are among the robust US$2bn contracts

in the pipeline. The new wins serve as a harbinger to

more offshore contracts for Cosco. Recent price

weakness presents an attractive entry point to buy into

Cosco ahead of contract wins. No change to our

estimates, Buy recommendation and TP of $2.86.

DBS Group Research . Equity 26 May 2011

Singapore

Flash Note

Price Relative

0 .6 0

1 .6 0

2 .6 0

3 .6 0

4 .6 0

5 .6 0

6 .6 0

7 .6 0

8 .6 0

2 0 0 7 2 0 0 8 2 0 0 9 2 0 1 0 2 0 1 1

S $

4 4

9 4

1 4 4

1 9 4

2 4 4

2 9 4

R e la t iv e In d e x

C o sco C o rp o ra t io n (LH S ) R e la t iv e S T I IN D E X (R H S )

Forecasts and Valuation

FY Dec (S$ m) 2009A 2010A 2011F 2012F

Turnover 2,899 3,861 4,732 5,865

EBITDA 341 552 667 757

Pre-tax Profit 179 402 470 558

Net Profit 110 249 252 303

Net Pft (Pre Ex.) 110 221 252 303

EPS (S cts) 4.9 11.1 11.3 13.5

EPS Pre Ex. (S cts) 4.9 9.9 11.3 13.5

EPS Gth Pre Ex (%) (64) 101 14 20

Diluted EPS (S cts) 4.9 11.1 11.3 13.5

Net DPS (S cts) 3.0 4.0 5.6 6.8

BV Per Share (S cts) 48.4 53.5 60.8 68.7

PE (X) 39.7 17.5 17.3 14.4

PE Pre Ex. (X) 39.7 19.8 17.3 14.4

P/Cash Flow (X) 16.6 10.9 10.4 9.1

EV/EBITDA (X) 13.1 9.2 6.8 5.6

Net Div Yield (%) 1.5 2.1 2.9 3.5

P/Book Value (X) 4.0 3.6 3.2 2.8

Net Debt/Equity (X) CASH 0.1 CASH CASH

ROAE (%) 9.9 21.8 19.7 20.9

Earnings Rev (%): - -

Consensus EPS (S cts): 11.6 13.4

Other Broker Recs: B: 5 S: 6 H: 4

Flash Note

Cosco Corporation

Page 2

DBSV recommendations are based an Absolute Total Return* Rating system, defined as follows:

STRONG BUY (> 20% total return over the next 3 months, with identifiable share price catalysts within this time frame)

 

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26-May-2011 20:52 COSCO SHP SG   /   CoscoCorp       Go to Message
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x 0

tomorrow should hit 2.05$

more contract coming! hold tight!
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26-May-2011 18:11 COSCO SHP SG   /   CoscoCorp       Go to Message
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x 0 		Hi guys, I saw the closing time got 500 lots sold at $2 which mean got ppl buy at $2. Mean tml price will be up?? Any idea?
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26-May-2011 17:44 COSCO SHP SG   /   CoscoCorp       Go to Message
x 0
x 0 		If US market good, tml might go up again
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26-May-2011 17:13 COSCO SHP SG   /   CoscoCorp       Go to Message
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x 0

Oh but it is possible, just give it some bad news ...

It has dropped from 2.38 to 1.89 within a relatively short period.

yeah I'll still wait for 1.80 ...

after I sell this 20 lots.

rotijai      ( Date: 26-May-2011 16:34) Posted:



ok..1.8+ is impossible now..

can master isolator or other sifus here..

buy up to 2.1+ for me to short?

if not.. buy up to 2.3+ for me to short ? thanks
Good Post  Bad Post 
26-May-2011 16:58 COSCO SHP SG   /   CoscoCorp       Go to Message
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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_233297C7C1AE8ACC4825789C000FE01B/$file/USD356_million_Contract.pdf?openelement

 
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26-May-2011 16:53 COSCO SHP SG   /   CoscoCorp       Go to Message
x 0
x 0 		YZJ seems got more downside.... Cosco is Uptrend getting stronger everyday....

tiancai007      ( Date: 26-May-2011 16:47) Posted:

Will it be as fierce as the one in Mid-march to April? (from 1.81 to 2.38) Thinking of abandoning Yzj to board cosco...

Isolator      ( Date: 26-May-2011 15:48) Posted:



Those shorties who still dream of Cosco going down, better cut now.... The rebound up will be much fierce than it drop.... Enjoy...
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26-May-2011 16:53 COSCO SHP SG   /   CoscoCorp       Go to Message
x 0
x 0 		wah.. still have BB selling down...
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26-May-2011 16:48 COSCO SHP SG   /   CoscoCorp       Go to Message
x 0
x 0

IS THE DARK CLOUD OVER ?????

NOT VERY CLEAR!!!!!!!!!
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26-May-2011 16:47 COSCO SHP SG   /   CoscoCorp       Go to Message
x 0
x 0 		Will it be as fierce as the one in Mid-march to April? (from 1.81 to 2.38) Thinking of abandoning Yzj to board cosco...

Isolator      ( Date: 26-May-2011 15:48) Posted:



Those shorties who still dream of Cosco going down, better cut now.... The rebound up will be much fierce than it drop.... Enjoy...
Good Post  Bad Post 
26-May-2011 16:46 COSCO SHP SG   /   CoscoCorp       Go to Message
x 0
x 0 		Why concern with labels.... Earn from the markets is more important..... Tmr will continue to go up STRONGLY...
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26-May-2011 16:44 COSCO SHP SG   /   CoscoCorp       Go to Message
x 0
x 0 		So missed ain't bad thing ooh ...
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26-May-2011 16:34 COSCO SHP SG   /   CoscoCorp       Go to Message
x 0
x 0

ok..1.8+ is impossible now..

can master isolator or other sifus here..

buy up to 2.1+ for me to short?

if not.. buy up to 2.3+ for me to short ? thanks
Good Post  Bad Post 
26-May-2011 16:27 COSCO SHP SG   /   CoscoCorp       Go to Message
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x 0

ha ha.....

smart blonde.

rotijai      ( Date: 26-May-2011 16:12) Posted:



master epl..

i believe master gaecia doesnt wan to be labeled as " smart 'alec' "

eplepl      ( Date: 26-May-2011 16:08) Posted:



miss G,

 

u are a smart alec...
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26-May-2011 16:12 COSCO SHP SG   /   CoscoCorp       Go to Message
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x 0

master epl..

i believe master gaecia doesnt wan to be labeled as " smart 'alec' "

eplepl      ( Date: 26-May-2011 16:08) Posted:



miss G,

 

u are a smart alec....

Gaecia      ( Date: 26-May-2011 16:01) Posted:



why u label  them as  shortists? So bad u.  You've also always gone on shorting spree wat
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