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5801-5820 of 5997
Won contract worth RMB530 million
What puzzles me is that there are many out there who cannot resist the temptation and sell at the slightest sign of correction, then regret later and re-enter at a much higher price. To those who are undecided to sell or not to sell, let's put things in perpective again:
1) COSCO has STRONG CASH POSITION AND EVEN STRONGER GOVT BACKING. IT WILL NOT COLLAPSE ANYTIME.
2) COSCO has SUPERB ABILITY to pull off COMPLEX PROJECTS like the SEVAN DRILLER. IT HAS DEMONSTRATED ITS ABILITY SO WELL that the SEVAN DRILLER 2 is awarded as a TURNKEY EPCI CONTRACT at US$500M+, instead of the US$170M it got for SEVAN Driller to build the hull. Not to mention that SEVAN Driller design uses cutting edge technology and those who are in the oil rig industry will know, it has EVERY POTENTIAL to beat other types of oil rigs like jack-ups, semi-submersibles, drill ships, you name it. It is the ONLY COMPANY in the world who has built a SEVAN DRILLER and so if the driller does take off well (which in all possibility it will), ALL NEW ORDERS WILL COME TO COSCO and ONLY COSCO!! Who would entrust such complex and expensive project to any off-shore engineering company other than the one who has proven its ability?
3) CHINESE GOVT has announced sometime back in 2008 that it wants to establish CHINA as the WORLD-RENOWNED PLAYER in off-shore marine sector, and COSCO will be its means to achieve this goal. With its sheer size and potential, it's only a matter of time that CHINA WILL BEAT the current leaders like SINGAPORE & S. KOREA!! COSCO will be the new KEPPEL known to the world...
Best of all, its current market cap is only less than S$4B....
So let's see.... anybody still tempted to sell at $1.70? $2? $3??
Of course, I may be sound too optimistic, and I'm really interested to hear some differing views. Let this forum be a place for rigorous debate!
$2.00 I think still possible in mid term. $3.95 .... kinda hard
pharoah88 ( Date: 12-Apr-2010 18:00) Posted:
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BUY S$1.65
SELL S$3.95
COSCO still COSCO
nOthing changE
BUY qUick qUick
qUick qUick BUY
| CoscoCorp |
Symbol:
F83 |
Currency:
Singapore Dollar |
| Last: |
1.65 |
 + 0.14 |
Vol (K): 72719.0 |
Corporate Action - Cum Dividend
| Trading |
| Updated Time |
12-Apr 17:05 |
| Open |
1.54 |
High |
1.65 |
Low |
1.54 |
| Prev Close |
1.51 |
Buy |
- |
Sell |
- |
| Volume(K) |
72719.0 |
Buy Vol(K) |
- |
Sell Vol(K) |
- |
| 52 Wk High |
1.51 |
52 Wk Low |
0.79 |
52 Wk Avg Vol |
15717.909 |
| All Time High |
8.2 |
All Time Low |
0.605 |
|
|
| Comments |
Near 52 wk high |
*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 |
31-Mar-2010 |
Financial Year |
31-Dec-2008 |
Current Year Profit
(After Tax) $'000,000 |
302.588 |
Previous Year Profit
(After Tax) $'000,000 |
336.568 |
| Net Asset Per Share |
0.51 |
Turnover $'000,000 |
210.98 |
Current Year EPS
(After Interest and Tax) |
0.14 |
Previous Year EPS
(After Interest and Tax) |
0.15 |
| PE Ratio (After Tax) |
8.9 |
Times Covered |
1.9 |
| Price (at update time) |
1.24 |
Dividend Yield |
0.06 |
*Technical Analysis Information is updated Daily
| Technicals |
| RSI |
78.37 |
Williams %R |
-3.33 |
| Comments (RSI) |
Overbought |
Comments (W%R) |
Overbought |
Intraday Chart
The fireworks is far from over... Temasek bought a small stake on 8 April 2010.
Of course, there will be intermittent profit taking along the way, which is viewed as healthy.
Vested interest.
Not so fast lah. This laggard is going to at least 2.50. So keep smiling....
Chewbacca ( Date: 12-Apr-2010 10:20) Posted:
Beware, guys. There's an old saying: Buy on anticipation, sell on news.
When the good news come out...I think strong change of sinking like a rock. All the gains have already been factored in. |
|
$1.24 - PE ratio 8.9
$1.63 - PE ratio 11.64
Still got alot of potential.....
| CoscoCorp |
Symbol:
F83 |
Currency:
Singapore Dollar |
| Last: |
1.63 |
+ 0.12 |
Vol (K): 59116.0 |
Corporate Action - Cum Dividend
| Trading |
| Updated Time |
12-Apr 14:10 |
| Open |
1.54 |
High |
1.64 |
Low |
1.54 |
| Prev Close |
1.51 |
Buy |
- |
Sell |
- |
| Volume(K) |
59116.0 |
Buy Vol(K) |
- |
Sell Vol(K) |
- |
| 52 Wk High |
1.51 |
52 Wk Low |
0.79 |
52 Wk Avg Vol |
15717.909 |
| All Time High |
8.2 |
All Time Low |
0.605 |
|
|
| Comments |
Near 52 wk high |
*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 |
31-Mar-2010 |
Financial Year |
31-Dec-2008 |
Current Year Profit
(After Tax) $'000,000 |
302.588 |
Previous Year Profit
(After Tax) $'000,000 |
336.568 |
| Net Asset Per Share |
0.51 |
Turnover $'000,000 |
210.98 |
Current Year EPS
(After Interest and Tax) |
0.14 |
Previous Year EPS
(After Interest and Tax) |
0.15 |
| PE Ratio (After Tax) |
8.9 |
Times Covered |
1.9 |
| Price (at update time) |
1.24 |
Dividend Yield |
0.06 |
*Technical Analysis Information is updated Daily
| Technicals |
| RSI |
78.37 |
Williams %R |
-3.33 |
| Comments (RSI) |
Overbought |
Comments (W%R) |
Overbought |
Intraday Chart
| DJ MARKET TALK: Cosco, JES Rally; Investors Eye Marine Laggards |
|
|
| 4/12/2010 12:01:00 PM |
|
0338 GMT [Dow Jones] Singapore-listed shipbuilders rally as investors revisit laggards in marine sector. Cosco (F83.SG) +6.6% at S$1.61, JES International (EG0.SG) +11.1% at S$0.20, both on substantial volumes. "Investors are looking for laggard plays in the sector," says analyst at local brokerage. Notes Cosco has been consolidating at S$1.10-S$1.30 for about a year, while other marine stocks have been moving up; "naturally, attention will gyrate to those that haven't moved as much." Adds sentiment backed by Cosco's recent win of US$500 million contract to build rig for Sevan Drilling. Newsflow for JES has been thin since release of 4Q09 results in February, when shipbuilder turned in wider loss of CNY60.4 million vs CNY44.0 million loss year earlier, but improving sentiment on marine sector appears to be rubbing off on stock now. Orderbook quotes tip resistance for Cosco at S$1.65, for JES at S$0.21. Yangzijiang (BS6.SG) halted pending announcement; traders say China-based shipbuilder may announce plans for dual listing in HK or Taiwan, idea mooted by management in past results briefings. (frankie.ho@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
-0-
Copyright (c) 2010 Dow Jones & Company, Inc.
|
err...Temasick back to 5% shareholding of COSCO???? :P
HLJHLJ ( Date: 12-Apr-2010 10:17) Posted:
|
Bro NickyNg,
Don't short this counter! Something is going on? Any news? Why so strong up?
I think maybe good news ahead. Vol very strong as well.
Anybody any news. Anyway, i'm adding up along the way.
nickyng ( Date: 12-Apr-2010 09:52) Posted:
OH MY GOD ! 1.64 !!...and $1.65 coming?!!?! watever happened?!?! :P
|
|
|
|
Beware, guys. There's an old saying: Buy on anticipation, sell on news.
When the good news come out...I think strong change of sinking like a rock. All the gains have already been factored in.
Bro NickyNg,
Don't short this counter! Something is going on? Any news? Why so strong up?
I think maybe good news ahead. Vol very strong as well.
Anybody any news. Anyway, i'm adding up along the way.
nickyng ( Date: 12-Apr-2010 09:52) Posted:
OH MY GOD ! 1.64 !!...and $1.65 coming?!!?! watever happened?!?! :P
|
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yup....it's just the begining....more good things to come ! vested interest
Explicit ( Date: 12-Apr-2010 09:38) Posted:
| vested. let's enjoy this run together :) |
|
anyone SHORTING this burger now ?!??! hee..... :D
Wow. What the hell? Sold it off @ 1.58, thought that was a good price. Didn't expect it to totally shatter that one. Chrisst. Monitoring, wonder if it will weaken slightly?
unable to break past 1.64.
profit taking at 1.63 and 1.62 now
OH MY GOD ! 1.64 !!...and $1.65 coming?!!?! watever happened?!?! :P
