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CoscoCorp

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SnakeGreen888
    15-Apr-2009 23:35  
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I like Cosco for the 7cts dividend. Have been trading this counter lately n it still in my radar. I agreed with u  about the target of $1.50.  So wish all those invested in this counter  A BIG GOOD LUCK.  888 Smiley
 
 
787180
    15-Apr-2009 23:28  
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COSCO CORP ($0.955) - Prices have probably discounted the worst news with the stock's collapse last year. Since October, the counter has been in a multi-month sideways-consolidation range. The probability that this is a base formation is rising by the day.

The long-term annual momentum indicator has turned up, as has its weighted moving averages - a rare signal and the first time this has occurred in five years. ADX is rising on positives DIs. The daily and weekly Guppy multiple moving averages (GMMAs) are turning up. Volume is expanding on white-candle days.

Support has been established, first at 72cts and then at 83cts. Strong resistance remians at $1. If this can be successfully challenged, the minimum upside target is $1.50.


WinkThe Baltic Dry Index rises 1% ,ends 22 day slide.The index is a measure of shipping costs for commodities rose for the first time in 22 datys as rate increased for capsize and panamic vessels that haul coal,iron ore and grains.This index also a measure of world trade routes surged 1% or 15 points to 1478points It ends the slongest slide since NOv 2008.

Besides singapore first quarter sharp contraction also means our economy has bottomed...we've seen the worst...most probably..Time to keep this for the long haul



787180      ( Date: 14-Apr-2009 10:12) Posted:



Cosco institutionla in view of large mkt capitalisation and with dividend of $77 ex date on 28 April has convincingly cleared $1 mark...uptrend shd be positive after hitting a low of about 71.5cts in March this year.Just like NOL with cum dividend the NOL has soared to $1.40 after hitting low of 85cts also in March in view of rumoured rights issue

 
 
787180
    14-Apr-2009 10:12  
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Cosco institutionla in view of large mkt capitalisation and with dividend of $77 ex date on 28 April has convincingly cleared $1 mark...uptrend shd be positive after hitting a low of about 71.5cts in March this year.Just like NOL with cum dividend the NOL has soared to $1.40 after hitting low of 85cts also in March in view of rumoured rights issue
 

 
ozone2002
    13-Apr-2009 13:27  
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if u bought @ 50c.. ya doubled ya money today..

RICH BITCH..:)
 
 
Henry$$$
    22-Mar-2009 22:04  
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Most of bad news has factored into cuurent price. I don't think it will back to 3 cents (price of 1997).
 
 
hotstock
    22-Mar-2009 02:55  
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Seriously do you think it worth $8. It is a highly speculated and inflated price. Even our good SembMarine do not worth that much. You may call me bearish on this counter but without new orders coming and back order delayed or cancelled, it is in dire situation. Can you imagine such orders are slow to come and when you clear existing back log orders what are you going to do with your empty shipyards? I translate this to delayed recession for cosco when people starts to recover.
 

 
des_khor
    20-Mar-2009 23:28  
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DROP FROM OVER $8.... WHAT U THINK ? ANYMORE BAD NEWS ALSO NO RASA LIAO...

hotstock      ( Date: 20-Mar-2009 08:49) Posted:

For the past 1 week, no one talk about cosco. Indeed it is a trader's stock. Latest news of Sevan should give cosco more concern. I am still amazed where the invisible force is, perhaps it is the brokers' trader where on one hand shout for sell while buying with the other. Could that explain why the price is holding well despite continuous bad news?

 
 
smartrader
    20-Mar-2009 22:11  
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trades will return amid slowly....hang on as this one can ride the storm better....
 
 
hotstock
    20-Mar-2009 08:49  
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For the past 1 week, no one talk about cosco. Indeed it is a trader's stock. Latest news of Sevan should give cosco more concern. I am still amazed where the invisible force is, perhaps it is the brokers' trader where on one hand shout for sell while buying with the other. Could that explain why the price is holding well despite continuous bad news?
 
 
Hulumas
    12-Mar-2009 13:19  
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Oh no....Market does not expect its price correction by so much! Below Sgd. 0.50 I might do money cost averaging.

hotstock      ( Date: 12-Mar-2009 13:13) Posted:

Who are invisibly supporting the price? While all china darling got hit from all directions this one seems to defy gravity? I am watching when the gravity would suck it down!!! Anyone with the same sentiment?

 

 
hotstock
    12-Mar-2009 13:13  
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Who are invisibly supporting the price? While all china darling got hit from all directions this one seems to defy gravity? I am watching when the gravity would suck it down!!! Anyone with the same sentiment?
 
 
hotstock
    02-Mar-2009 09:00  
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Yet another delivery delay reported on 28 Feb 09. How many more are in the pipeline? Anyone guess?
 
 
williamyeo
    27-Feb-2009 18:06  
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"Pengsan" liao it is price dropping everyday.

hotstock      ( Date: 27-Feb-2009 16:09) Posted:



Please note that your dividend would not be able to cover your paper loss.

 

The counter would be battered together with the rest of s-shares. Now I am not even interest even if it comes down to below 70c (my target price for the past 3 months) I will not buy any. Same for my buddy of this counter. We feel that this counter is highly risky now especially we think it will go down to its book value of 52c.

 

We will come in again when it moves down to 45c. Good luck for those who still continue to support the counter at this level. 

 
 
hotstock
    27-Feb-2009 16:09  
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Please note that your dividend would not be able to cover your paper loss.

 

The counter would be battered together with the rest of s-shares. Now I am not even interest even if it comes down to below 70c (my target price for the past 3 months) I will not buy any. Same for my buddy of this counter. We feel that this counter is highly risky now especially we think it will go down to its book value of 52c.

 

We will come in again when it moves down to 45c. Good luck for those who still continue to support the counter at this level. 
 
 
trader88.sg
    24-Feb-2009 13:54  
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Looks like Cosco will be resilient in this choppy market, thanks to the generous dividends.

williamyeo      ( Date: 23-Feb-2009 17:28) Posted:

Dividend 7 cts no bad based on today closing price 0.78 yields 8.9%

 

 
atomicbear
    24-Feb-2009 10:04  
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When is the Ex date? l cannot find it in the document.

williamyeo      ( Date: 23-Feb-2009 17:28) Posted:

Dividend 7 cts no bad based on today closing price 0.78 yields 8.9%

 
 
hotstock
    24-Feb-2009 10:03  
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Cosco Corp Target Cut To S$0.36 From S$0.58 By CIMB.

I think I am kind enough to call it at 52c. 
 
 
hotstock
    24-Feb-2009 09:09  
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If not for the 9M result, it would have been very ugly. The start of big bear is expected to start from today. This stock should drift down to 52c (what it is worth). See how institutional support Hong Xing got hammered. You will be the next.
 
 
williamyeo
    23-Feb-2009 17:28  
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Dividend 7 cts no bad based on today closing price 0.78 yields 8.9%
 
 
williamyeo
    23-Feb-2009 17:25  
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COSCO CORPORATION (SINGAPORE) LIMITED

9 Temasek Boulevard, #07-00 Suntec Tower Two, S038989

Tel: 68850888 Fax: 63369006

RCB REG NO: 196100159G

Press Release

FY2008 Results: Full-year ended 31 December 2008

Rising Up to Challenges

FY2008 FY2007 Chg

S$’000 S$’000

Turnover 3,476,009 2,261,700 +54%

Gross profit 630,134 610,193 +3%

Pre-tax profit 451,388 498,073 -9%

Net profit attributable to equity holders 302,588 336,568 -10%

EPS (cents) - diluted 13.50 15.02 -10%

Dividend per share

- Ordinary first & final

- Special

4.0

3.0

4.0

3.0

-

-

Highlights:

segments.Group turnover jumped 54% on broad-based expansion across all business

strong order book.Ship repair, ship building and marine engineering turnover up 57% on

rates locked in.Dry bulk shipping turnover up 24% on high dry bulk shipping charter

allowance for impairment of trade and other receivables and the higher

costs incurred in shipbuilding and offshore marine engineering projects.Net profit attributable to equity holders of the Company fell 10% on

long-term growth strategies.Group will focus on cost management while cautiously implementing its

2

SINGAPORE (23 February 2009)

COSCO Corporation (Singapore) Limited (“COSCO” or the “Company”), a leading

ship repair & marine engineering and shipping group, today announced the results for

the financial year ended 31 December 2008.

Group turnover jumped 54% to $3.5 billion driven by expansion of the ship repair, ship

building and marine engineering segment and stronger dry bulk shipping performance.

Turnover from the Group’s biggest revenue segment, ship repair, ship building and

marine engineering, grew 57% to $3.2 billion in FY2008 buoyed by strong ship

conversion and shipbuilding, and offshore marine engineering project order book. Dry

bulk shipping turnover rose 24% to $257.4 million in FY2008 lifted by higher charter

rates locked in on a one-plus-one year basis on charter renewal in the first half of 2008.

Gross profit rose 3% to $630.1 million in FY2008 lifted by higher turnover which more

than offset the higher operational costs in shipbuilding and offshore marine engineering

business.

In light of the adverse global economic climate, the Group made provisions for

impairment of trade and other receivables of $61.3 million as the shipping industry

faces deteriorating market conditions, and amidst requests for payment delays by

several ship owners.

As a result, net profit attributable to equity holders of the Company decreased 10% to

$302.6 million in FY2008.

The Group expects market conditions to remain challenging in 2009 as credit

conditions tighten and global trade slows down due to the global economic crisis. Its

contract flow and dry bulk charter rate are highly dependent on the overall pace of

recovery of the global economy and restoration of international trade.

Mr. Jiang Li Jun, Vice Chairman and President of the Company said, “Supported by the

sound business foundation we have built up over the years, we believe that our Group is

well-placed to ride out the current economic slump. To strengthen our competitiveness,

3

our Group will focus on cost management while cautiously implementing our longterm

growth strategies.”

The Group currently has an order book of US$7.3 billion for progressive delivery up to

2012 which will keep its shipyards busy. COSCO Guangdong and COSCO Dalian

shipyards had also begun to undertake new shipbuilding work in addition to COSCO

Zhousan shipyard. COSCO Nantong shipyard, which enjoys a strong surrounding

marine-supporting industry, remains as the Group’s premier shipyard in leading the

diversification of business into the offshore marine engineering, whose industry longterm

outlook are expected to remain fundamentally strong as the demand for oil are

expected to strengthen in the long term.

“Our Group will stay focused on improving our operational efficiencies by scaling the

technology-learning curve and leveraging on our land and labor comparative cost

advantage as we gains further experience and momentum in our diversified business.

Our Group will closely monitor our ongoing capital investment projects in light of the

challenging market developments and will continue to seek out opportunities to

strengthen our business position,” added Mr. Jiang.– Singapore Exchange (“SGX”) mainboard-listed

About COSCO Corporation (Singapore) Ltd

Listed on the main board of the SGX, COSCO Corporation (Singapore) Ltd (“COSCO”) is a

leading ship repair, shipbuilding & marine engineering and dry bulk shipping group. The Group

owns 51% of the largest shipyard group in China, COSCO Shipyard Group, and a fleet of 12

dry bulk carriers. It also operates shipping agencies. COSCO is the listed subsidiary of China

Ocean Shipping (Group) Company, the largest shipping group in China.

For further information, please contact:

Company:

COSCO Corporation (Singapore) Ltd

Mr. Li Jian Xiong

Vice President

Tel: 65-6885 0888 / Fax: 65-6336 9006

Email: lijianxiong@cosco.com.sg

IR Consultant to the Company:

SPIN Capital Asia

Mr. Michael Tan

Tel: 62277790 / Email: michael@spin.com.sg

 
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