COSCO SHP SG    Last:0.124   -

CoscoCorp

 Post Reply 5561-5580 of 5997
 
nickyng
    06-May-2010 17:16  
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 haha...as expected !! ...read the key word "Gross profit waned 32.9% from $116.9 million in Q1 2009 to $78.5 million in Q1 2010"......


 

SINGAPORE (6 May 2010) – Singapore Exchange (“SGX”) mainboard-listed
COSCO Corporation (Singapore) Limited (“COSCO” or the “Company”), a leading
ship repair & marine engineering and shipping group, today announced its financial
results for the first quarter ended 31 March 2010.
The Group achieved a 16.9% increase in turnover to $835.0 million in Q1 2010 boosted
by higher revenue from shipbuilding and marine engineering projects in spite of lower
revenue recognized from ship repair, ship conversion and dry bulk shipping. Turnover
from shipyard operations climbed 20.3% to $800.1 million on the back of strong
progressive revenue recognition for the Group’s ship building and marine engineering
projects. Turnover from dry bulk shipping business slipped 30.7% to $32.0 million as
expired long-term charters were leased on short-term basis at new lower rates.
ha
mainly due to lower dry bulk shipping charter rates and lower profit contributions from
ship repair and conversion business amidst a difficult business environment. As a
result, net profit attributable to equity holders of the Company decreased 4.3 % from
$33.2 million in Q1 2009 to $31.7 million in Q1 2010.
Mr. Jiang Li Jun, Vice Chairman and President of the Company said, “We are
encouraged by our successful business expansion and resilient profit in another
challenging quarter for the shipping industry. As the global recovery appears to be
gaining some traction, our Group maintains a cautious outlook for the rest of 2010 as
business, industry and private demand conditions remain uncertain, and various
governments begin unwinding some of their stimulus measures.”
The Group successfully delivered 8 dry bulk carriers in the 1st quarter of 2010. Of
these, COSCO Dalian delivered 4 bulk carriers while COSCO Zhoushan and COSCO
Guangdong shipyard delivered 2 bulk carriers each. The Group will continue to focus
on deliveries while it upgrades its shipyard capabilities and efficiencies and control
costs.
3
The Group has an order book of US$5.9 billion as of 31st March 2010 with progressive
delivery up to 2012 which will keep the Group’s shipyards busy. This order book is
subject to revision from any cancelation of orders or new orders that may arise.
“Our Group will continue to leverage on the strength of our well-diversified business to
remain competitive and to consolidate our strategic position in the industry.” Mr. Jiang
added.
Barring any unforeseen circumstances, the Group expects to stay profitable in 2010
 
 
nickyng
    06-May-2010 16:58  
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err.....few more hrs lah...just wait and see loh :D

L.....      ( Date: 06-May-2010 16:44) Posted:

u sure will not xian yu fan shen?????

 



nickyng      ( Date: 06-May-2010 16:42) Posted:



hmm...got a hunch today qtr result may DISAPPOINT.....anyway few hr more and we shall all know :)

SHORT ahh!! :D


 
 
L.....
    06-May-2010 16:44  
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u sure will not xian yu fan shen?????

 



nickyng      ( Date: 06-May-2010 16:42) Posted:



hmm...got a hunch today qtr result may DISAPPOINT.....anyway few hr more and we shall all know :)

SHORT ahh!! :D

 

 
nickyng
    06-May-2010 16:42  
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hmm...got a hunch today qtr result may DISAPPOINT.....anyway few hr more and we shall all know :)

SHORT ahh!! :D
 
 
L.....
    06-May-2010 16:16  
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u got to ask that Mr Joe's committee hahahahha

nickyng      ( Date: 05-May-2010 16:32) Posted:

wah!! din short when at its 1.80++ high hor? wasted ! :P dunno got any more meat to short further now? hee.... :D

L.....      ( Date: 05-May-2010 16:30) Posted:

good luck to investors of cosco.. will be praying for u all..


 
 
pharoah88
    06-May-2010 16:05  
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CoscoCorp Symbol:
F83
Currency:
Singapore Dollar
Last: 1.54 -0.05 Vol (K): 50097.0
Trading
Updated Time 06-May 15:43
Open 1.59 High 1.62 Low 1.5
Prev Close 1.59 Buy - Sell -
Volume(K) 50097.0 Buy Vol(K) - Sell Vol(K) -
52 Wk High 1.86 52 Wk Low 0.92 52 Wk Avg Vol 16148.987
All Time High 8.2 All Time Low 0.605    
Comments No Info

*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
Financials
Date Updated 30-Apr-2010 Financial Year 31-Dec-2009
Current Year Profit
(After Tax) $'000,000
110.08 Previous Year Profit
(After Tax) $'000,000
302.588
Net Asset Per Share 0.48 Turnover $'000,000 861.16
Current Year EPS
(After Interest and Tax)
0.05 Previous Year EPS
(After Interest and Tax)
0.14
PE Ratio (After Tax) 35.0 Times Covered 1.6
Price (at update time) 1.75 Dividend Yield 0.02

*Technical Analysis Information is updated Daily
Technicals
RSI 47.36 Williams %R -87.5
Comments (RSI) No Info Comments (W%R) Oversold

Intraday Chart

 
 

 
pharoah88
    06-May-2010 16:01  
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Thursday: 6 MAY 2010  2:30pm

EU HAUNT

COSCO  bOttOm

S$1.50

# as thOugh  COSCO  DE-LISTING ? #

S$1.52  [50.0%]

S$1.44  [61.8%]
 
 
CheongCK
    06-May-2010 15:36  
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Daily Market: This page contains the latest Dry Bulk Shipping News

05 May 2010

Baltic Dry Index (BDI)    +27   3379
Rates

BCI

(Cape index)

BPI

(Panamax index)

BSI

(Supramax index)
INDEX

3917

+25

3951

+41

2755

+23

SPOT 4 TCE AVG (USD)

38241

+197

31793

+327

28802

+239

YESTERDAY (USD)

38044

31466

28563

YEAR AGO (USD)

21707

12225 14926

Spot 4 TC Average = The Average Value of the Four Main Shipping Routes applicable for each of the 3 types of Ships
BDI=The Weighted Composite Index of BCI/BPI/BHMI

 
 
nickyng
    05-May-2010 16:32  
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wah!! din short when at its 1.80++ high hor? wasted ! :P dunno got any more meat to short further now? hee.... :D

L.....      ( Date: 05-May-2010 16:30) Posted:

good luck to investors of cosco.. will be praying for u all..

 
 
L.....
    05-May-2010 16:30  
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good luck to investors of cosco.. will be praying for u all..
 

 
win_88
    05-May-2010 16:28  
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For the Financial Period Ended: 31-03-2010

The Board of Directors of COSCO Corporation (Singapore) Limited ("the Company") wishes to inform that the Company will be releasing the financial results of the Company and of the Group for the Quarter ended 31 March 2010 on Thursday, 6 May 2010, after trading hours.

 
 
pharoah88
    05-May-2010 10:33  
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This sEll dOwn  is  pUrely  based  On  EmOtiOns  Analysis  [EA].

nOt  FA;  nOt  TA

WiLL  the  PIGS  affect  COSCO's  and  YZJ's prOfitability in 2010 ?

Yes,  NOL  may  be affected ?

Already at 50% RETRACEMENT

HOw  far  dOwn will this  gO ?

90% ?

CORPORATE  MANAGEMENT  shOuld  bUy  back  their  SHARES  then. 
 
 
pharoah88
    05-May-2010 10:27  
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CoscoCorp Symbol:
F83
Currency:
Singapore Dollar
Last: 1.57 -0.08 Vol (K): 14451.0
Trading
Updated Time 05-May 10:04
Open 1.56 High 1.59 Low 1.55
Prev Close 1.65 Buy - Sell -
Volume(K) 14451.0 Buy Vol(K) - Sell Vol(K) -
52 Wk High 1.86 52 Wk Low 0.92 52 Wk Avg Vol 16109.855
All Time High 8.2 All Time Low 0.605    
Comments No Info

*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
Financials
Date Updated 30-Apr-2010 Financial Year 31-Dec-2009
Current Year Profit
(After Tax) $'000,000
110.08 Previous Year Profit
(After Tax) $'000,000
302.588
Net Asset Per Share 0.48 Turnover $'000,000 861.16
Current Year EPS
(After Interest and Tax)
0.05 Previous Year EPS
(After Interest and Tax)
0.14
PE Ratio (After Tax) 35.0 Times Covered 1.6
Price (at update time) 1.75 Dividend Yield 0.02

*Technical Analysis Information is updated Daily
Technicals
RSI 52.84 Williams %R -100.0
Comments (RSI) No Info Comments (W%R) Oversold

Intraday Chart

 
 
 
L.....
    05-May-2010 10:23  
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the 120,000 purchase is just a strategic purchase, no effect to their invt portfolio...too small to affect anything
 
 
pharoah88
    05-May-2010 10:19  
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Temasek just  bOught  Only  120,000  [nO  EffEct]

PersOnally,  I  LiKE  COSCO  mOre  than  YZJ.

bUt  COSCO  is  always  mOre expensive

and  has  lOwer  dividend,  thus  lOwer  relative  returns

I  started  COSCO accumulation at S$1.49.

Luckily, my  KUAN IN  [wife]  alerted,

and SOLD  ALL at  S$1.82.

INTENDING  to buy back  at S$1.75.

Due  tO  PIGS  dOOmz

became   FEARFUL  LiKE  "ghOst  iN  bOdy"

DARED  nOt  buy  EvEn  at  S$1.55  tOday.

bUt,  sUrely  WiLL  bUy  sOme  at  S$1.49 AGAIN 

I  am  Only brave  enOugh  to challenge  SELLERS

tO  dUmp  at  S$1.49 



knightrider      ( Date: 05-May-2010 09:59) Posted:

Tomasek just purge up some to meet the 5& SSH (Substantial Share Holder) recently, their price is S$1.71. Good Luck. So now is cheap to enter ? But is YZJ look  more attractive ?

pharoah88      ( Date: 04-May-2010 11:15) Posted:

My  fOcus  is  On  EVENTS  and  nOt  On  persOns.

NOL  COSCO   YZJ   are  perfectly  gOOd  cOmpanies when  ecOnOmy  recOvers.

That  is   why  nObOdy can  understand  this  GANGBANG  Trend  since  last  week.

why  are  NOL  COSCO  with  Temasek's  support  also  dumped ?

why  are  COSCO   YZJ  which  are  BiG  and  prOfitable  market leaders  also  dumped ?

fOr  tOday,  is  it  because  Of  the 1% CPF election sweetener ?

business  owners  are  UNhappy  with this  1% ? 



 

 
tradersgx
    05-May-2010 10:08  
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wishbone
    05-May-2010 10:02  
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NEW Chicken Shipscraping
 
 
knightrider
    05-May-2010 09:59  
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Tomasek just purge up some to meet the 5& SSH (Substantial Share Holder) recently, their price is S$1.71. Good Luck. So now is cheap to enter ? But is YZJ look  more attractive ?

pharoah88      ( Date: 04-May-2010 11:15) Posted:

My  fOcus  is  On  EVENTS  and  nOt  On  persOns.

NOL  COSCO   YZJ   are  perfectly  gOOd  cOmpanies when  ecOnOmy  recOvers.

That  is   why  nObOdy can  understand  this  GANGBANG  Trend  since  last  week.

why  are  NOL  COSCO  with  Temasek's  support  also  dumped ?

why  are  COSCO   YZJ  which  are  BiG  and  prOfitable  market leaders  also  dumped ?

fOr  tOday,  is  it  because  Of  the 1% CPF election sweetener ?

business  owners  are  UNhappy  with this  1% ? 



tradersgx      ( Date: 04-May-2010 00:19) Posted:

Hahaha... what a gangbang today! (in fact all my stocks kena bang bang today)... r u not ?  (*o*


 
 
pharoah88
    05-May-2010 09:51  
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COWARD  CORPORATE

BAN  New  Century  Shipbuilding

RENAME  Old  Century  Shipscraping



CheongCK      ( Date: 04-May-2010 21:43) Posted:

WITHDRAWAL OF INITIAL PUBLIC OFFERING OF NEW CENTURY SHIPBUILDING LIMITED  
 
Description
Unless otherwise defined herein, terms defined or construed in the prospectus of New Century
Shipbuilding Limited dated April 30, 2010, have the same meaning and construction in this
announcement.

New Century Shipbuilding Limited (the "Company") wishes to announce that it has decided not to go ahead with its planned initial public offering ("IPO") on the SGX-ST at this time.

The Company intends to review the situation and will consider joining the SGX-ST at an appropriate
time in the near future.

 
 
pharoah88
    05-May-2010 09:48  
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Wednesday: 5 MAY 2010  OPENING

SPAIN  PAINS

COSCO  bOttOm

S$1.55

# as thOugh  COSCO  DE-LISTING ? #

S$1.52  [50.0%]

S$1.44  [61.8%]



pharoah88      ( Date: 04-May-2010 17:18) Posted:



COSCO  RETRACEMENTS:

S$1.60    [38.2%]

S$1.52    [50.0%]

S$1.44   [61.8%]