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Laulan ( Date: 21-Oct-2011 12:10) Posted:
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Good info. Thanks Summers. 
Summers3 ( Date: 21-Oct-2011 11:48) Posted:
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News not so good
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Originally Posted by Guanyu
 STX Group Units Tumble in Seoul Trading on Fundraising Concern
By Kyunghee Park Oct. 21 (Bloomberg) -- STX Pan Ocean Co., South Korea’s largest bulk-shipping line, fell by as much as the daily limit in Seoul trading and affiliates tumbled on speculation group companies may sell stock to help pay debt. “There were rumours about the group planning to sell shares and bonds because they may be short of funds,” said Um Kyung A, an analyst at Shinyoung Securities Co. in Seoul. Um said STX officials told her the rumors were untrue. No one was immediately available for comment when Bloomberg News called STX Group’s media relations office today. STX Pan Ocean dropped as much as 15 percent and was down 7.6 percent to 6,840 won at 11:22 a.m. on the Korea exchange. STX Offshore & Shipbuilding Co. lost as much as 11 percent and STX Corp. fell as much as 12 percent. The benchmark Kospi Index rose 1.3 percent. The three companies and STX Engine Co. have 1.45 trillion won ($1.3 billion) of debt and loans due before the end of next year, according to data compiled by Bloomberg. Seoul-based STX Pan Ocean, the largest of the group companies by market capitalization, had a first-half loss of $27.7 million as overcapacity in the global commodity-shipping fleet depressed rates. In Singapore trading, STX Pan Ocean fell as much as 10 percent, the largest intraday drop since March 2010, and STX OSV Holdings Ltd., which makes oil-rig support vessels, declined as much as 9.3 percent. STX Engine dropped as much as 15 percent in Seoul. |
Originally Posted by Guanyu
STX Group Units Tumble in Seoul Trading on Fundraising Concern
By Kyunghee Park
Oct. 21 (Bloomberg) -- STX Pan Ocean Co., South Korea’s largest bulk-shipping line, fell by as much as the daily limit in Seoul trading and affiliates tumbled on speculation group companies may sell stock to help pay debt.
“There were rumours about the group planning to sell shares and bonds because they may be short of funds,” said Um Kyung A, an analyst at Shinyoung Securities Co. in Seoul. Um said STX officials told her the rumors were untrue. No one was immediately available for comment when Bloomberg News called STX Group’s media relations office today.
STX Pan Ocean dropped as much as 15 percent and was down 7.6 percent to 6,840 won at 11:22 a.m. on the Korea exchange. STX Offshore & Shipbuilding Co. lost as much as 11 percent and STX Corp. fell as much as 12 percent. The benchmark Kospi Index rose 1.3 percent.
The three companies and STX Engine Co. have 1.45 trillion won ($1.3 billion) of debt and loans due before the end of next year, according to data compiled by Bloomberg. Seoul-based STX Pan Ocean, the largest of the group companies by market capitalization, had a first-half loss of $27.7 million as overcapacity in the global commodity-shipping fleet depressed rates.
In Singapore trading, STX Pan Ocean fell as much as 10 percent, the largest intraday drop since March 2010, and STX OSV Holdings Ltd., which makes oil-rig support vessels, declined as much as 9.3 percent. STX Engine dropped as much as 15 percent in Seoul.
By Kyunghee Park
Oct. 21 (Bloomberg) -- STX Pan Ocean Co., South Korea’s largest bulk-shipping line, fell by as much as the daily limit in Seoul trading and affiliates tumbled on speculation group companies may sell stock to help pay debt.
“There were rumours about the group planning to sell shares and bonds because they may be short of funds,” said Um Kyung A, an analyst at Shinyoung Securities Co. in Seoul. Um said STX officials told her the rumors were untrue. No one was immediately available for comment when Bloomberg News called STX Group’s media relations office today.
STX Pan Ocean dropped as much as 15 percent and was down 7.6 percent to 6,840 won at 11:22 a.m. on the Korea exchange. STX Offshore & Shipbuilding Co. lost as much as 11 percent and STX Corp. fell as much as 12 percent. The benchmark Kospi Index rose 1.3 percent.
The three companies and STX Engine Co. have 1.45 trillion won ($1.3 billion) of debt and loans due before the end of next year, according to data compiled by Bloomberg. Seoul-based STX Pan Ocean, the largest of the group companies by market capitalization, had a first-half loss of $27.7 million as overcapacity in the global commodity-shipping fleet depressed rates.
In Singapore trading, STX Pan Ocean fell as much as 10 percent, the largest intraday drop since March 2010, and STX OSV Holdings Ltd., which makes oil-rig support vessels, declined as much as 9.3 percent. STX Engine dropped as much as 15 percent in Seoul.
Thanks! I am lucky today... now is the second part, must time to exit... this one is mad, I dont want to hold it for too long.
susan66 ( Date: 21-Oct-2011 10:27) Posted:
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Looks like you hit the jackpot! Good price, improving now. 
Summers3 ( Date: 21-Oct-2011 10:03) Posted:
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So stock dropped becoz was downgraded by GS.
those crooks, short the stocks and then downgrade. Hope get arrested.
Lucky I threw out yesterday.
Quote:
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Originally Posted by Happy Trader
DJ MARKET TALK: GS Cuts STX OSV Target To S$1.65, Reiterates Buy
10/20/2011 4:18:00 PM 0818 GMT [Dow Jones] STOCK CALL: Goldman Sachs cuts STX OSV (MS7.SG) target to S$1.65 from S$2.15, representing lower valuation multiples following the change in its view on the Singapore shipyard sector to Neutral from Attractive. However, the house reiterates its Conviction Buy on the stock, and says it remains its top O& M pick. " We have a neutral view on the O& M space as while we expect a strong potential recovery in 2013, we do see a slower 2012 outlook ahead. We think the signs of a bottom have yet to truly appear, and hence we prefer to be very selective among the high-CROCI (Cash Return On Capital Invested) stocks that have historically outperformed through the cycle," it says. It adds, STX OSV is its top pick to navigate the slower year ahead due to its strong CROCI profile through 2014, visible positive catalysts (potential OSV orders), above-average earnings visibility, lower-than-peer downside to a return-to-2008 bear case and compelling valuations. The shares are down 4.7% at S$1.125. |
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