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2641-2660 of 3100
cosco is in green again... is there any good news in the mkt??
Think this baby is top 'favorite' by shortist for coming weeks.
Even on the two big rally, it sold in strength. Still on paper lost at holding $3.4, too greedy for not letting go.
Follow the shortist trend, either trade in trend or opposite trend. Can make some 'drinks' money. Risker tho......
cosco standing very firm at 2.96 we'll see if he can tahan this type of market or not
any updated TA to share on this counter??
It is cheap now. But it could be cheaper tomorrow.
wa...look at the last hour...the selldown was in massive lots...those who bought $2.90++ jialat...
but of cos la...we dunno tml up or down....at the moment charts wise....$2.90 seems to be the support/resistance
most likely so...greed prevails ...
anyway looking at current intra-day charts for Cosco...under Bollinger bands ...it is now at the lower band
May be because people thought it is very cheap now.
but can see ppl still buying currently...retailers
I don't see the point of buying now since it keeps falling everyday. This company is making money but it didnt payout dividends...... What is the point of putting money in and get nothing out of it.
err....although its still a buy rating....but that's quite a BIG reduction in price objective...*damnz....it doesn't look good...
from $7.05 to $5.80! and somemore from Merrill Lynch
S-Shares : Cosco Corp
Merrill Lynch has reduced the price objective to S$5.80 from S$7.05 based on a lower price earnings target multiple, but maintained its "buy" rating on the stock.
Merrill Lynch has reduced the price objective to S$5.80 from S$7.05 based on a lower price earnings target multiple, but maintained its "buy" rating on the stock.
I've done a brief analysis on this counter @ www.bear-analysis.blogspot.com
Do let me know your opnion of my analysis. =)
Cosco Singapore Denies Talk Of Accounting Troubles (2008-03-14
SINGAPORE (Dow Jones)--Cosco Corp. Singapore Ltd (F83.SG) said Friday it has no accounting problems, debunking talk among traders that the shipbuilder may have issues with its books.
"We are so sure we don''t have any accounting problems," company president Ji Hai Sheng told Dow Jones Newswires.
"People are concerned about forex. Cosco Corporation and Cosco Shipyard do not do any forex trades. We only do hedging. Really we do not have any problems with foreign exchange. Some companies like Labroy (Marine) may have foreign exchange losses. We don''t have to take any risk like that," Ji said.
Some dealers blamed unspecified rumors about accounting irregularities for Cosco''s share price weakness Friday, bucking gains by most other stocks on the benchmark Straits Times Index.
Cosco''s stock has been falling of late as investors fear the company''s margins may weaken due to higher steel prices.
At 0755 GMT, the shares were trading at S$3.02, down 0.7%.
-By Frankie Ho, Dow Jones Newswires; 65 6415 4160; frankie.ho@dowjones.com
I remember the time when SM sold off part of its holding...this burger was still at $5-6 range. Now, even after all these big corrections...it is still trading way above valuations as compare to SM. Should the outlook remain bleak, I dun see why investors should be holding it unless for longer term.
will it go down to $2++ like before June last year those levels is a "question mark"...currently i m noticing the market depth of Cosco...quite a lot of false queues...suddenly the buy queue from 400,000++ down to 200,000...then later less than 100,000...its really a tricky trade...
technically...can look at $3 for a soft support...but the next stronger support could be detected at $2.90...
yesterday it broke support level of $3.14
What about looking at FA....NAV of 45cts and outlook not very bright for marine/oil rig industries currently. Does it worth $3~ ?
wondering when this counter will turn bullish again?? any TA advise??
saw a few single big buy ups on this counter...technically..there's resistance at $3.14 ...and the opening price today is just below the resistance at $3.13...looking to about $3.00 for support...the last time it was low at this price and below $3 was last year June
u mean beginning of their bear cycle for cosco?? what counters end of bear chart??