
JJSeng ( Date: 23-Apr-2010 11:51) Posted:
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tOday
COSCO vOlume very much lOwer than YANGZIJIANG ? ? ? ?
nickyng ( Date: 23-Apr-2010 11:21) Posted:
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CHERRY PiCK
PREVIOUS LOWS
S$1.70
S$1.68
S$1.61
S$1.49
Friday, 23 April 2010 10:35
Cosco upgraded to ‘buy’ by CLSA; raises target to $2.30 (^.^ )
CLSA has upgraded Cosco Corp. (F83.SG) to “buy” from “outperform” on expectations of more order wins,
sector-wide re-rating. Raises target to $2.30 from $1.65 based on 21x P/E vs 15.5x previously,
says Dow Jones.
“We remain positive on the company given lower execution risk associated with offshore orders and its
first mover advantage (in terms of operations in deepwater semi-submersible business) vs peers,”
says CLSA.
The research house notes China-based shipbuilder in talks with European, US drillers, adds Japan’s
Modec may also be potential customer: “While not part of its traditional client base, we expect Cosco
to add Chinese oil nationals like Sinopec and CNOOC to its clientele, as these companies ramp up
exploration and production activity in Chinese waters and elsewhere.”
SAGE says,
"What One THiNKS is nOt what Others THinK
What Others THiNK is nOT what One THiNKS"
BEWARE
AWARE
SCARE
CARE
Scholars are sent to US Universities to NETWORK for gOOd fUtUre carEEr.
When scholars returned, scholars are supposed to BENEFIT from this ELITE NETWORK.
Yet, from the Sub-PRiME Tsunami and CitiGroup's share purchase, it lOOked like scholars gOt KiCKED ASS by their US ELITE Network.
pOOr THiNGS
niuyear ( Date: 21-Apr-2010 11:46) Posted:
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The OSIM PRiCE DRAMA
BEST ILLUSION OF
INVESTMENT PARADIGM
pharoah88 ( Date: 23-Apr-2010 09:56) Posted:
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pharoah88 ( Date: 23-Apr-2010 09:56) Posted:
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ZERO SUM GAME
At every PRiCE POiNT, there are bOth Buyers and Sellers.
WithOut hindsight, bOth Buyers and Sellers are RiGHT.
bOth Buyers and Sellers are nOt wrOng.
nO Buyer wOuld BUY if One thinks that PRiCE will FALL.
nO Seller wOuld SELL if One thinks that PRiCE will RiSE.
If all Buyers think that PRiCE will FALL, nObOdy buys and PRiCE falls and falls till ZERO.
If all Sellers think that PRiCE will RiSE, nObOdy sells and PRiCE RiSES and RiSES till INFINITY.
It is all a matter of PERSONAL PERSPECTIVES
bOth Buyers and Sellers have
EXACTLY THE SAME OBJECTIVE
PROFITS
bOth Buyers and Sellers NEVER AIM tO lOse
The Edge
Mid-Week Comment April 21: Offshore optimism
Written by Goola Warden
Thursday, 22 April 2010 10:03
.............. . ... . ..
Separately, Yangzijiang has applied to the TWSE (Taiwanese Stock Exchange) to list its TDRs on that exchange,
according to the Taipei business press.
Actually, investors had started to take a second look at the marine and offshore sector before these two events.
The trigger was probably the announcement by Cosco Corporation back in March that it had clinched a repeat
order from Sevan Marine for its one-of-kind cylindrical semi-sub. This time, the order value was US$500 million
compared to US$190 million for the first semi-sub in 2006.
Then on Apr 16, Brazilian oil major Petrobras announced it had signed on Apr 4 a “Strategic Cooperation
Agreement with China Petrochemical Cooperation (Sinopec) and China Development Bank Corporation (CDB)
aimed at assessing mutually beneficial opportunities on the areas of cooperation.”
According to the announcement by Petrobras, the agreement includes the cooperation between Petrobras and
Sinopec in Exploration & Production (E&P); Downstream; Petrochemical and Fertilisers; and Services and
Procurement.
“In the E&P area, there stands out the intention of the parties to assess future partnerships, including the
possibility of selling part of Petrobras’s interest in blocks BM-PAMA-3 and BM-PAMA-8, located in the
Para-Maranhao Basin,” the announcement states. Petrobras also said that it is negotiating on financing with
China Development Bank Corporation. Sinopec may need an additional two semi-subs to develop the two blocks
and analysts believe the order could go to state-owned Chinese shipyards such as Cosco.
............................ .. . . .
CHART VIEW
.................. .. ..
Offshore and marine stocks such as Baker Tech, Yangzijiang, Cosco and SembMarine have
run up significantly and are now experiencing consolidations/corrections.
Their uptrends remain very much intact and there is nothing yet to suggest a reversal. Note
though that Yangzijiang has developed a short-term bearish formation in the candlestick charts,
but the correction should be temporary.
........ . .. .... ... ....
Announcement Title * COSCO CLINCHES CONTRACT WORTH MORE THAN USD500 MILLION FOR SEVAN DRILLER II RIG
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_ED5818EDA4FBAA0D482576E700162DB6/$file/COSCO_Annt_COSCO_SevanDrillerIIRIG.pdf?openelement
BB will still try for $2.00 :)
pharoah88 ( Date: 22-Apr-2010 17:44) Posted:
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COST of ONE COSCO share can buy THREE BAKER TECH shares.
BAKER TECH is WOrld No. 2 JACK BUILDERS.
BETTER RETURNS to BUY BAKER TECH.
BAKER TECH CAN MOVE FASTER NOW
BDI is upsidng...
tradersgx ( Date: 22-Apr-2010 13:25) Posted:
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tradersgx ( Date: 22-Apr-2010 13:23) Posted:
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sgxinvestor Member |
21-Apr-2010 14:29 ![]() ![]() ![]() |
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Hooray, Shippings and Transportation are the next Top picks! YZJ Cheoooong arh! See below Dow Theory: One of the most important principles of Dow theory --> is that the movement of the Industrial Average and the Transportation Average should always be considered together. ![]() |
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