Post Reply
2621-2640 of 3100
Broker just msg me that the project not proceeding. Cautious. Cheers.
2.90!!! this morning.
What really happening....I thought the announcement of new deal is a good catalyst to the stock.
wah .. did they cancel another big contract again??
with such a fast sell down, my 6th sense told me something went wrong..
but they just got hundred millions project last few days !!! alamak... volatile lei..
Look like something wrong. drop below $3 already
waaa.. within 20 minutes 55 millions dollar traded.. impressive volume !
wow...wat happ to this burger ?!?! drop by 36cts to $3 now ?!?! gee !!!
missed my SHORTING chances siah !!!
:D
gd luck to those vested...i think burnt many folks here....i hope the bleeding will be manageable hor :)
Sorry, I was nieved, I bought it since Feb this yr, beliefing it will sustain once the so-called 55 cents total div announced then. It had been sliding since end Feb until lately, it shown some uptrend since 2 Apr till last Mon. It had gained over a dollar leow. Then it was rather attractor for all traders. However, today plunge is rather shocking. See what others explain tomorrow.
why are you guys buying this baby when it's overbought and turning downwards?
Kepcorp plunged 46 cents since early morning gain of 8 cents. Dun konw why. But one smart guy, in the paper, advised that don't go for Kepcorp, ship related coy, as there is less prospect in future. He talked a lot, but AK don't inderstand leh. Hence forth, late afternoon Yangze also followed suit.
Whats the market?
I tot i suppose to be the one regret..cos bought 5lots at 3.38 and 5 lots at 3.37 today...tot 2moro price will be more attractive (say 3.25?), since DOW down so much 2 9...
Last minute at 4.59pm pulled out my Q at 3.36. Now abit regret. Hope tomorrow still can buy low and then I am going to hold this baby...
Nowadays with good news also cant predict if the stock will go up the next day even DOW is in green. With so many bad news , DOW in red but hope 2moro will see this stock goes up...
Cosco Corp has won new contracts worth $402 million for offshore and tanker-building projects, the company said on Wed.
It also said in a statement it would not proceed with a $202 million project to build a semi-submersible rig hull for Norway's Red Flag A.S. as announced in May last year as the customer did not make a deposit under the contract.
This is another counter whereby target price got cut drastically from $5-6-7 to $3-4 range. Until the release of their Q results due 30Apr, share price should be range bound bet. $2.70-$3.60(6-8x NAV double that of YZJ)...just my view.
DJ MARKET TALK: CS Keeps China Shipbuilding Sector At Overweight
0115 GMT [Dow Jones] Credit Suisse keeps China shipbuilding sector at Overweight. Says Cosco Corp. (F83.SG), Yangzijiang (BS6.SG) at attractive valuations vs Korean yards, China market, following over 50% price correction from peak levels. Notes Yangzijiang at P/E of 10X vs peak of 27X; "We remain positive due to its cheap valuations and perhaps the most overselling done on this stock." Says, however, Cosco still at premium to peers at 15X P/E, but in line with Korean yards; "We continue to like to stock for its strong earnings growth profile and diversified stream of cash flows." Rates both Outperform; Yangzijiang target at S$1.20, Cosco target S$4.40. Among Korean yards, rates DSME (042660.SE), Samsung Heavy (010140.SE) at Neutral; rates Hyundai Mipo (010620.SE), Hyundai Heavy (009540.SE) at Underperform. Cosco down 1.5% at S$3.39, Yangzijiang down 2.2% at S$0.90. (LES)
How will 'accounting fraud' issue affect this counter?
Not advisible to LONG cosco yet.It is still not in the reversal territory yet.Reserve your money...and be patience first.
The time will come ....wait...!!! Cheers...!!
yah out of sudden SSE index all UP.... before lunch all down.... mkt is making us crazy haha... will this indicate a reversal for cosco?? Seniors/Masters... pls share your view :)
Shanghai index is UP, UP and AWAY now.