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COSCO CORP (S'pore) LTD.:-
R1- 1.025
R2- 1.045
S1- 1.010
S2- 1.995
$1.37 is the price level to watch out first
haha. I bought at 1.86 high price following a dive of the price. Hopefully the price can recoup back to that level...any proposed dividend?
Cosco Shipbuilding is expected to do well with Offshore contracts but the Shipping side may make a loss and will drag down the earnings.
Hawkeye ( Date: 21-Feb-2012 20:41) Posted:
| COSCO delivered 47 ships |
China's COSCO Shipyard Group made a new record of an estimated operating profit for 2011 having exceeded CNY 20bn ($3.17bn).
COSCO made a record delivery in 2011 with 47 vessels of 3m dwt. Also, it successfully entered a new market, having delivered six offshore-related vessels.
As for ship repair/conversion, its cumulated production value turned out to be CNY 3.466bn and COSCO is maintaining the upper rank in China.
The Chinese yard worked for cost reduction last year, by reorganizing systems, etc. As a result it cut 15.7% of construction cost for 57,000-dwt bulker and 25% of construction period, which increased delivery by 36%.
Moreover, COSCO built up an Offshore R& D Center and contracted quite a few newbuilding 35,000-dwt bulkers, designed from the center.
Meanwhile, COSCO targets new order of 38 newbuildings and six offshore-related facilities for 2012.
Published : February 17, 2012 |
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ykjuay ( Date: 21-Feb-2012 14:26) Posted:
| Coming 23 Feb 2012 , expects to do much better than last quarter , worth a punt.Cheers |
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| COSCO delivered 47 ships |
China's COSCO Shipyard Group made a new record of an estimated operating profit for 2011 having exceeded CNY 20bn ($3.17bn).
COSCO made a record delivery in 2011 with 47 vessels of 3m dwt. Also, it successfully entered a new market, having delivered six offshore-related vessels.
As for ship repair/conversion, its cumulated production value turned out to be CNY 3.466bn and COSCO is maintaining the upper rank in China.
The Chinese yard worked for cost reduction last year, by reorganizing systems, etc. As a result it cut 15.7% of construction cost for 57,000-dwt bulker and 25% of construction period, which increased delivery by 36%.
Moreover, COSCO built up an Offshore R& D Center and contracted quite a few newbuilding 35,000-dwt bulkers, designed from the center.
Meanwhile, COSCO targets new order of 38 newbuildings and six offshore-related facilities for 2012.
Published : February 17, 2012 |
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ykjuay ( Date: 21-Feb-2012 14:26) Posted:
| Coming 23 Feb 2012 , expects to do much better than last quarter , worth a punt.Cheers |
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Coming 23 Feb 2012 , expects to do much better than last quarter , worth a punt.Cheers
