
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
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
nickyng ( Date: 05-May-2010 16:32) Posted:
|
CoscoCorp | Symbol: F83 |
Currency: Singapore Dollar |
Last: | 1.54 | ![]() |
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

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%]
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
L..... ( Date: 05-May-2010 16:30) Posted:
|
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.
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.
CoscoCorp | Symbol: F83 |
Currency: Singapore Dollar |
Last: | 1.57 | ![]() |
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

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:
|
Sold all my positions... waiting for the new "Great Spore Sale" season.. jmv
http://finance.yahoo.com/echarts?s=%5EDJI+Interactive#chart5:symbol=^dji;range=6m;indicator=ema(50,100,200)+stochasticfast+wpr;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined

pharoah88 ( Date: 04-May-2010 11:15) Posted:
|
COWARD CORPORATE
BAN New Century Shipbuilding
RENAME Old Century Shipscraping
CheongCK ( Date: 04-May-2010 21:43) Posted:
|
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:
|