
A small correction is very normal. Commodities are projected to be booming, my shipping friends comfirm heavy orders to last at least to 2009.
cosco results beat 10 analyst estimates... looks like doin damn well
uobkayhian issued a report statin that target price $8.45!.. yeah lookin at 40% upside!..
with oil hovering ard $100 definitely this stock will chiong..
now $4.3.. wait for margin call n force selling to pick tis stock lower.. definitely a good stock!
Well said Farmer =)
agreed. wouldnt be surprise if tomorrow it heads southward
Result though good, there's nothing to shout about as the focus is its outlook.
Looking into its numbers, EPS of ~15cts and NAV of ~45cts confirm my view that its vastly over value even at current price....even Singtel can beat this numbers(consider both are blue chips)
Of course one can argue about is future prospect and potential, but in a weak market, fundamental is the key to hold.
Cosco has just released their solid result for FY07!
Net profit surged 64% to $336.6m on turnover of $2.3bn
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That's b'cos market chose to focus on its outlook instead of the past good numbers. I think all marine/oil support company are over price during last years bull run. Time for further correction.
I see, everythign is risky now. Market turmoil hasn't left yet. Trading with small profit won't be a problem.
Very risky for COSCO.
Kep Corp came out with good results but share price down. No difference with this one....
Europe open positive territory, Cosco to start sailing now
High Tide soon, Ships must sail, said Popeye
My queue is 4.30 (5K) today. Target for this counter is @ 4.64.
Just my one cent prediction.
To all that respond to my post..thanks u all...also thank idea168 for sharing his past experience.
Anyway I am juz a very small fry, juz bought 1 lot only...but heart still very pain when it drop the next day...
my target is only $5..some kopi money...maybe my trading method is wrong , as i only based on past FA and not TA ...
In KimEng today's pre result review, Cosco is expected to beat analyst forecast and earning might be 50% better than FY06
4.6 maynot look fine now..but a few light years down the road when it hits $8 u'll be thinking that 4.6 is JUST FINE!...
Why is 4.6 ok when it tested 4 thrice?
Why is 4.6 ok when the general trend is down?
Please enlighten.
Feel free to visit me @ www.bear-analysis.blogspot.com
Ha!
COSCO is releasing full year result ended 31 Dec, after trading hours. Expect uptrend if everything goes well
Cosco is good stock. 4.6+ is ok. Unless you are a contra player.
I do. I ever bought some shares and minutes later it dived. The recent one was the SPC. Took position at $7.18, 4.45pm just before mkt close, thought was good buy but dropped minutes later and close at $6.92. In the evening DOW bruised and the next day, SPC opened $6.70. I have no choice but cut because I have no intention to hold then. Per lot I lost $550, and that was sad. But blessing in disguise, it went even lower after I cut. So momokojo, you are a little more fortunate than me that you held on to one day before COSCO dived, as for me it dived almost immediately...lol. Look on the bright side, things will be fine if you held on. Cheers.
Hi Jackjames, idea186 & blastoff,
Thks for comment, I think i will just wait n see and may need to pay up....
no more bullet to average down now...
the feeling is very bad...juz bought n it drop....anyone share the same feeling before