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1521-1540 of 3100
Catch other stock first, this one can look it later.. When recovery about to take place.. Oil price must run first for this one..
Is the time to chiong for most counters as profit warning one also can up so much ??
I am also waiting to buy at 70c.....That is my entry price...Anyone with more downgrades abt cosco from other firms?
Sell to me! Sell to me!
Take note fortune teller can move the market too.......
Up to you to believe those fortune teller !! haha....
Share with you on CIMB's report
Cosco Corporation ($0.93) - More casualties
We lower our FY08 net profit estimate down to S$310m (-8% yoy) following Cosco’s recent lower earnings guidance. We believe that customer credit risk has heightened as more ship owners are negotiating for delays in progressive payments due to the credit financing drought. Deteriorating shipping demand-supply economics has pulled freight rates down to near break-even levels and this could cause ship owners to delay taking delivery of new vessels to avoid operating at a loss. Earnings estimates cut by 15 to 30% for FY08–FY10, as we factor in more delays, lower ship building margins and lower order win assumptions. Accordingly, our target price is cut to S$0.58 from S$0.80, still based on sum-of-the-parts valuation. Maintain Underperform.
It is way below my buying price of 70c....
sell or short this stock.. it just issue profit guidance.. this year profit will be lower than last year.. so looking at its YTD3Q2008 results.. it means that 4Q2008 is likely to be an operating loss period despite its strong order book.. whats the use of having sales if you are losing money on what you are building...
Ha ha, not easy to move back to 0.60. Its 3QTR NPAT was 326m. Unless STI shed like shit in Jan while most coys tabling their not that promising FY report, n other bad jerking news fr global.
FY07, it approved n gave 7 cts div on 21 Feb 08. Wat to do, your choice liao.
wat 50c! i waiting 30c lah...today, an analyst mention next yr, sti will test 1000!
Farmer ( Date: 31-Dec-2008 19:14) Posted:
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Well, i'm waiting for 50cts if it is possible nt yr. Probably this will take another bad news to achieve. STI will hit another bottom again?
jackjames ( Date: 31-Dec-2008 11:49) Posted:
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Hmmm... seems to have found support level at .955... hmmm....
crimson ( Date: 31-Dec-2008 12:11) Posted:
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Down down down... short short short... wonder where all the resident shortist!?
finally, it moves... i want my 60 cents back..
Yah, really tai wok, this burger.
Shorting this bugger.... nearer made me drop pants and run...
hotstock ( Date: 31-Dec-2008 08:40) Posted:
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I think the earning results are already done pending check since full year reporting is expected Jan 22. Cosco is always playing with the market. It like to bring up the price first and then drop bombs. So typical. Dun be silly when ppl are really go out to sell can a 6.5 c rises stop a 30c drops?
I think analysts are bound to revise down the estimate since more cancellation were implied and more delay are continuing to roll.....
today news,
number 1, profit warning... a good way of saying is profit guidance..
number 2, delay the delivery for 1-2 years time...
number 3, vice chairman selling shares, although it's a small amount of shares..
more to come.. year 2009..
December 30, 2008, 8.09 pm (Singapore time)
Cosco Corp (S'pore) issues profit guidance
By KALPANA RASHIWALA
Cosco Corporation (Singapore) has warned that the group will post lower profits for the year ending Dec 31, 2008 compared with the previous year. The company's shipbuilding subsidiaries recently received requests for delays in making payment by several ship owners. Accordingly, provisions will have to be made for doubtful debts.
As well, the group has faced higher costs for its shipbuilding and offshore marine contracts. Cosco's full-year 2008 results will be released on Feb 23, 2009.
Any idea why the sudden chiong of price going up?