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COSCO Retracements:
23.6% S$1.680 almOst there
38.2% S$1.550 pOssibility iwonder ( Date: 30-Apr-2010 21:35) Posted:
Today is Friday, so ppl are not keen to take up positions. Before this stock can go up further, the weak holders have to be flushed out first.
pharoah88 ( Date: 30-Apr-2010 17:50) Posted:
18,478,000 S$1.75 +S$0.01
Friday: 30 APRIL 2010 CLOSING
STi STiLL in DOW PHOBIA
STi +15.6
HK +329.67 |
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WiLL COSCO PACIFIC BUY CHEMOIL
MARINE FUEL SOURCE
LiKE CHINA BUYING AUSTRALIA COAL SOURCE
senecus ( Date: 30-Apr-2010 23:34) Posted:
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COSCO PACIFIC to place 449 million Shares
| [Date:04-30-2010] |
Source: Quam |
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COSCO PACIFIC entered into the Placing and Subscription Agreement, pursuant to which the company has agreed to place up to an aggregate of 449 million Shares at the Price of HK$10.40 per Share. The Placing Shares represent approximately 19.85% of the issued share capital of the Company and approximately 16.56% of the issued share capital of the Company as enlarged.
The gross proceeds from the Subscription are estimated to be approximately HK$4,670 million and the net proceeds are estimated to be approximately HK$4,535 million. The Company intends to use the net proceeds to fund acquisitions and investments such as the Sigma Acquisition, capital expenditure, general corporate purposes, as well as to further strengthen the balance sheet and liquidity position of the Company.
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sEEms LiKE BDI MAGIC is LOST ?
BDI LINK may be lOOse Or brOken ? ?
tradersgx ( Date: 30-Apr-2010 00:01) Posted:
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Six basic tenets of Dow Theory:
1.The market has three movements
2.Market trends have three phases
3.The stock market discounts all news
4.Stock market averages must confirm each other
--> In Dow's time, the US was a growing industrial power. The US had population centers but factories were scattered
throughout the country. Factories had to ship their goods to market, usually by rail. Dow's first stock averages were
an index of industrial (manufacturing) companies and rail companies. To Dow, a bull market in industrials could not occur
unless the railway average rallied as well, usually first.
---> According to this logic, if manufacturers' profits are rising, it follows that they are producing more. If they produce
more, then they have to ship more goods to consumers. Hence, if an investor is looking for signs of health in manufacturers,
he or she should look at the performance of the companies that ship the output of them to market, the railroads. The two
averages should be moving in the same direction. When the performance of the averages diverge, it is a warning that
change is in the air. Both Barron's Magazine and the Wall Street Journal still publish the daily performance of the
Dow Jones Transportation Index in chart form. The index contains major railroads, shipping companies, and
air freight carriers in the US.
5.Trends are confirmed by volume
6.Trends exist until definitive signals prove that they have ended
http://en.wikipedia.org/wiki/Dow_Theory
28/Apr/2010 BDI is 3329 !
sgxinvestor ( Date: 29-Apr-2010 11:56) Posted:
| BDI Up! Cosco set sail to "North" direction now !!! |
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Free piece of news...see below...for china lovers........
COSCO PACIFIC to place 449 million Shares
| [Date:04-30-2010] |
Source: Quam |
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COSCO PACIFIC entered into the Placing and Subscription Agreement, pursuant to which the company has agreed to place up to an aggregate of 449 million Shares at the Price of HK$10.40 per Share. The Placing Shares represent approximately 19.85% of the issued share capital of the Company and approximately 16.56% of the issued share capital of the Company as enlarged.
The gross proceeds from the Subscription are estimated to be approximately HK$4,670 million and the net proceeds are estimated to be approximately HK$4,535 million. The Company intends to use the net proceeds to fund acquisitions and investments such as the Sigma Acquisition, capital expenditure, general corporate purposes, as well as to further strengthen the balance sheet and liquidity position of the Company.
Today is Friday, so ppl are not keen to take up positions. Before this stock can go up further, the weak holders have to be flushed out first.
pharoah88 ( Date: 30-Apr-2010 17:50) Posted:
18,478,000 S$1.75 +S$0.01
Friday: 30 APRIL 2010 CLOSING
STi STiLL in DOW PHOBIA
STi +15.6
HK +329.67 |
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18,478,000 S$1.75 +S$0.01
Friday: 30 APRIL 2010 CLOSING
STi STiLL in DOW PHOBIA
STi +15.6
HK +329.67
Haha !! from 0.77-1.81=1.04 !! This MFT talk cock without the eye open !!
pharoah88 ( Date: 30-Apr-2010 08:47) Posted:
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Friday: 30 APRIL 2010 TODAY ONLINE
Cosco
$1.74 | Neutral
UBS upgrades from “Sell” and raises the target price to $1.81 from 77 cents, saying the worst is over for Cosco’s shipbuilding business, with earnings set to grow in 2010 after two straight years of decline. The house raises earnings estimates for FY10, FY11 and FY12 by 45, 135 and 92 per cent respectively, but says “we are cautious on Cosco’s ability to generate high margins from new offshore jobs”. |
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Friday: 30 APRIL 2010 11:34am
DOW RUST
DOW DOUBT
DOW PHOBIA
DOW DISTRUST
Cosco Pacific spends $520m buying Maersk’s Yantian stake
Hong Kong: Cosco Pacific, the Hong Kong-listed operator of container ports, last night raised HK$4.67 billion ($601 million) from a successful top-up placement. The deal was launched minutes after the company announced that it has agreed to an acquisition that will increase its effective stake in China's Yantian port at a total cost of $520 million.
The acquisition will see Cosco Pacific buy the entire 13.7% stake in a company named Sigma Enterprises held by Danish conglomerate A.P. Moeller-Maersk, increasing its own holdings in Sigma to 20.55% from 6.85%. Sigma owns 73% in the joint venture that operates and manages Yantian Terminal (Phase I and Phase II), 65% in the JV that operates and manages Yantian Terminal (Phase III) and 65% in the JV operating Yantian's West Port. Hutchison Port Holdings is the major private shareholder in Yantian.
"As Southern China is one of the most dynamic regions in the global economy, and the port sector directly benefits from the recovery of the global economy from the financial crisis as well as [China's] continuous economic growth, the company believes that the business of the Yantian Terminals will continue to grow in the coming years," it added. [30/04/10]
China COSCO Holdings back in the black
Hong Kong: China COSCO Holdings, flagship of the country's premier shipping conglomerate, returned to profit in the first quarter of 2010.
China COSCO said its revenue from container shipping rose 75 percent to 7.5 billion yuan ($1.10 billion) in the first quarter and income per twenty foot equivalent unit (TEU) rose 31 percent.
China COSCO reported a net profit of 882.17 million yuan ($130 million) for the three months ended March 2010, the first profit after five quarters of losses, against a loss of 3.35 billion yuan the same period last year.
"In first quarter 2010, the operating environment of the shipping sector has been improved benefiting from the continued recovery of the global economy," the company said in a statement on Thursday. [30/04/10]
Friday: 30 APRIL 2010 TODAY ONLINE
Cosco
$1.74 | Neutral
UBS upgrades from “Sell” and raises the target price to $1.81 from 77 cents, saying the worst is over for Cosco’s shipbuilding business, with earnings set to grow in 2010 after two straight years of decline. The house raises earnings estimates for FY10, FY11 and FY12 by 45, 135 and 92 per cent respectively, but says “we are cautious on Cosco’s ability to generate high margins from new offshore jobs”.
Six basic tenets of Dow Theory:
1.The market has three movements
2.Market trends have three phases
3.The stock market discounts all news
4.Stock market averages must confirm each other
--> In Dow's time, the US was a growing industrial power. The US had population centers but factories were scattered
throughout the country. Factories had to ship their goods to market, usually by rail. Dow's first stock averages were
an index of industrial (manufacturing) companies and rail companies. To Dow, a bull market in industrials could not occur
unless the railway average rallied as well, usually first.
---> According to this logic, if manufacturers' profits are rising, it follows that they are producing more. If they produce
more, then they have to ship more goods to consumers. Hence, if an investor is looking for signs of health in manufacturers,
he or she should look at the performance of the companies that ship the output of them to market, the railroads. The two
averages should be moving in the same direction. When the performance of the averages diverge, it is a warning that
change is in the air. Both Barron's Magazine and the Wall Street Journal still publish the daily performance of the
Dow Jones Transportation Index in chart form. The index contains major railroads, shipping companies, and
air freight carriers in the US.
5.Trends are confirmed by volume
6.Trends exist until definitive signals prove that they have ended
http://en.wikipedia.org/wiki/Dow_Theory
28/Apr/2010 BDI is 3329 !
sgxinvestor ( Date: 29-Apr-2010 11:56) Posted:
BDI Up! Cosco set sail to "North" direction now !!!
tradersgx ( Date: 29-Apr-2010 00:08) Posted:
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Today a bit cold feet. Sold about 70% at 1.75.
Tmr sure up one? Hai...
Thursday: 29 APRIL 2010 CLOSING
S$1.740 +S$0.040
DOW PHOBIA
Hit resistance at 1.76. Strong resistance!
BDI Up! Cosco set sail to "North" direction now !!!tradersgx ( Date: 29-Apr-2010 00:08) Posted:
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Hi ! my twin !!
des_khar ( Date: 29-Apr-2010 11:50) Posted:
Hello there bro; my name is Desmond L Kharmawplang.  |
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Hello there bro; my name is Desmond L Kharmawplang.
CISA admits defeat, quarterly iron ore pricing system ushers new era
Beijing: The 40-year-old annual iron ore pricing system was declared dead yesterday by the one body that had fought so hard to keep it alive, the China Iron & Steel Association (CISA. A senior official admitted at a press conference that this year's negotiations had stalled and Chinese steel mills were free to pursue their own deals.
"Individual steelmakers can approach the global miners for supply,” said Luo Bingsheng, CISA deputy chairman.
"The three iron ore miners are threatening with a supply chop unless domestic steel mills accept their price hike claim before the deadline, which is 90-100 percent higher,” he added.
Capesize owners the world over are rejoicing as freight rates have soared in the past week and look set to continue to climb as Chinese mills pursue urgent restocking of ore supplies now that the annual tit-for-tat price wars are out the way. [29/04/10]
from Seatrade online
