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2161-2180 of 3100
Another of those nuts call trying to push the price down. Citi is probably banging its boss now to have sold at probably $3 three weeks back.Can't buy back at lower now and so kept producing brainless reports to deceive 'gundus' in order to depress the price.
cyjjerry85 ( Date: 02-May-2008 14:14) Posted:
darnz...Citigroup still maintained their sell call ah.......its so high now already leh..
EastonBay ( Date: 02-May-2008 14:10) Posted:
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Don't think so... If cosco ever drops to 2.70, I will buy buy buy...
DJ MARKET TALK: Citigroup Keeps Cosco At Sell, Target At S$2.70 (2008/05/02 11:30AM)
0330 GMT [Dow Jones] STOCK CALL: Citigroup keeps Cosco (F83.SG) at Sell
with target price at S$2.70 after 1Q08 net profit of S$84 million came in
below house''s forecast of S$98 million, Street''s forecast of S$117
million; marks 17% of Citigroup''s FY08E estimate. Notes profit largely
eroded by S$19 million forex losses, higher-than-expected tax rates (14% vs
house''s 6% forecast). Says although gross margin surprised at 28% vs
1Q07''s 26%, not sustainable as bulk carrier newbuilds scheduled for
delivery in 2H08-10 will be affected by raw material costs. Says while
share price down more than 40% year-to-date, expects price appreciation to
increasingly be capped by FY09-10 fundamental outlook; cites margin
concerns as majority of raw materials not hedged beyond 2008; increased
forex volatility; higher tax rates; potential 2009-10 oversupply of bulk
carriers to hurt BDI and Cosco shares due to correlation. Says house''s
FY08E estimates in-line with Street, but FY09-10E estimates 7%-12% lower.
Share up 6.6% at S$3.37. (LES)
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Normally after confirmation of good news price will drop due to profit taking.
my view is this counter will be bullish till its overbought
good fundamentals and strong results make this a growth blue chip..shld checong past 4 dollar soon
not go up but down
Hi All!!!!
Any one can guess ??- how much will be the price go up to on monday and tuesday??
Make guess Pls/
Sorry Typo .. My safety net range is 3.38 up to 3.4
Considering its track record and also market beat, it seems like to have another one more small jump before it really down.
I'm not suggesting anything ... do your own risk ... if you win that is your money, if loss blame no one
I just share my view .. Cosco's momentum seems strong enough to bring them to 3.5 max. but remember high risk. My safety net is in range of 3.80 until 3.4
Remember this is Cosco's second day hike. Today momentum is higher 32% compared with yesterday. Next day it probably just an impulse buy ...
mm...techsys...according to ur technical analysis..it will drop to this price range?? i m considering to take profit actually..see how at 4.30pm...cos currently see the volume...not a very strong rally at all...dun feel safe yet
techsys ( Date: 02-May-2008 15:52) Posted:
| Not a fix price but .. buy when price arround 3.00 - 3.10 |
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Not a fix price but .. buy when price arround 3.00 - 3.10
TP is 4.84, lowered from 5.85. I guess you need to make some judgement on the target price, ususally is one year target. With the current environment still violatile, look at 4.84 for short term is not realistic.
KenKen88...CIMB reported the risks of Cosco...but did it give any target...buy/sell/hold? thanks`
KenKen88 ( Date: 02-May-2008 14:21) Posted:
| Thanks eastonbay. Based on CIMB's report the risks are 1. margin erosion due to high steel prices 2. Cancellation of order. I think potentially forex losses if order is not priced properly. But potentially US$ will be firm from now on so forex may not too much of issue going forward meaning new order. Long term more worries.... |
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Thanks eastonbay. Based on CIMB's report the risks are 1. margin erosion due to high steel prices 2. Cancellation of order. I think potentially forex losses if order is not priced properly. But potentially US$ will be firm from now on so forex may not too much of issue going forward meaning new order. Long term more worries....
darnz...Citigroup still maintained their sell call ah.......its so high now already leh..
EastonBay ( Date: 02-May-2008 14:10) Posted:
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Don't think so... If cosco ever drops to 2.70, I will buy buy buy...
DJ MARKET TALK: Citigroup Keeps Cosco At Sell, Target At S$2.70 (2008/05/02 11:30AM)
0330 GMT [Dow Jones] STOCK CALL: Citigroup keeps Cosco (F83.SG) at Sell
with target price at S$2.70 after 1Q08 net profit of S$84 million came in
below house''s forecast of S$98 million, Street''s forecast of S$117
million; marks 17% of Citigroup''s FY08E estimate. Notes profit largely
eroded by S$19 million forex losses, higher-than-expected tax rates (14% vs
house''s 6% forecast). Says although gross margin surprised at 28% vs
1Q07''s 26%, not sustainable as bulk carrier newbuilds scheduled for
delivery in 2H08-10 will be affected by raw material costs. Says while
share price down more than 40% year-to-date, expects price appreciation to
increasingly be capped by FY09-10 fundamental outlook; cites margin
concerns as majority of raw materials not hedged beyond 2008; increased
forex volatility; higher tax rates; potential 2009-10 oversupply of bulk
carriers to hurt BDI and Cosco shares due to correlation. Says house''s
FY08E estimates in-line with Street, but FY09-10E estimates 7%-12% lower.
Share up 6.6% at S$3.37. (LES)
KenKen88 ( Date: 02-May-2008 11:54) Posted:
| Did citibank change their call to buy ? If so, things may be better now. Thanks |
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citi is crap to issue such a rating on cosco
cannot believe it
Don't think so... If cosco ever drops to 2.70, I will buy buy buy...
DJ MARKET TALK: Citigroup Keeps Cosco At Sell, Target At S$2.70 (2008/05/02 11:30AM)
0330 GMT [Dow Jones] STOCK CALL: Citigroup keeps Cosco (F83.SG) at Sell
with target price at S$2.70 after 1Q08 net profit of S$84 million came in
below house''s forecast of S$98 million, Street''s forecast of S$117
million; marks 17% of Citigroup''s FY08E estimate. Notes profit largely
eroded by S$19 million forex losses, higher-than-expected tax rates (14% vs
house''s 6% forecast). Says although gross margin surprised at 28% vs
1Q07''s 26%, not sustainable as bulk carrier newbuilds scheduled for
delivery in 2H08-10 will be affected by raw material costs. Says while
share price down more than 40% year-to-date, expects price appreciation to
increasingly be capped by FY09-10 fundamental outlook; cites margin
concerns as majority of raw materials not hedged beyond 2008; increased
forex volatility; higher tax rates; potential 2009-10 oversupply of bulk
carriers to hurt BDI and Cosco shares due to correlation. Says house''s
FY08E estimates in-line with Street, but FY09-10E estimates 7%-12% lower.
Share up 6.6% at S$3.37. (LES)
KenKen88 ( Date: 02-May-2008 11:54) Posted:
| Did citibank change their call to buy ? If so, things may be better now. Thanks |
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there are no website, these daily reports are sent to my personal email address
cheers
where's the website to the info? updated today?
yongliang168 ( Date: 02-May-2008 11:35) Posted:
UOB, CS, Citibank
maintain BUY
TP - 4.30 to 4.40 |
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Did citibank change their call to buy ? If so, things may be better now. Thanks
UOB, CS, Citibank
maintain BUY
TP - 4.30 to 4.40
stingy target price...could had been more..imagine 1 year later
