COSCO SHP SG    Last:0.121    -0.001

CoscoCorp

vested. let's enjoy this run together :)

 

Technically from a charting perspective this is a GOOD BUY not a GOOD BYE considering the lows and highs and today's price action is at a low but fundamentally I am not sure since I am not vested in this company.  To me the company must be fundamentally sound before I invest so do your due diligence.

 

It is a breakout, uptrend. Resistance channel of triangle broken. Shows uptrend with strong vol.
Vested! Added more along the way up on momentum, don't want to miss this rally. Who knows might be $2-3 in future if economy picks up. Possible  mild correction @1.6 as it is analyst's target price. My guess only.

 

 

PE 20.

 

No too sure why many broker giving low TP for this counter. 

For long term, there is great potential for this counter to regain the $8.00 when 

- It's revenue double and hit 4B with double digit profit margin.

- The Baltic dry index cross 10K.

So just hold tight now and ride the wave for the next 2 yrs together.   

shoemaker      ( Date: 11-Apr-2010 07:43) Posted: think if everybody's mentallity is to hit $2.00 - $3.00 in the near term, Maybe by Mon or Tues hit $1.60 liao lo... Unless something bad to the asian market happens... Explicit      ( Date: 10-Apr-2010 01:00) Posted: thinking of loading. able to hit 1.60 next week?

 

should be looking to load up to ride on the momentum. of course, will monitor carefully!

i wonder if more analysts will be revising their TPs for Cosco the coming week

shoemaker      ( Date: 11-Apr-2010 07:43) Posted: think if everybody's mentallity is to hit $2.00 - $3.00 in the near term, Maybe by Mon or Tues hit $1.60 liao lo... Unless something bad to the asian market happens... Explicit      ( Date: 10-Apr-2010 01:00) Posted: thinking of loading. able to hit 1.60 next week?

 

Tat's good news, thks man!

 

think if everybody's mentallity is to hit $2.00 - $3.00 in the near term, Maybe by Mon or Tues hit $1.60 liao lo... Unless something bad to the asian market happens...

Explicit      ( Date: 10-Apr-2010 01:00) Posted: thinking of loading. able to hit 1.60 next week?

 

The air is cleared... got nothing to do with COSCO...

http://www.businessweek.com/news/2010-04-09/australia-s-rudd-considers-more-ship-tracking-at-reef-correct-.html

Anyway perception is a strange yet powerful thing. Just weeks ago everyone was bearish even though it was churning in +$110M annual profits and now everyone is bullish because it won 2 major contracts and BBs decide to play it up... Nothing has really changed to its business fundamentals. IT'S A GREAT COMPANY WITH SOLID MGMT AND SUPERB GROWTH PROSPECTS. SO HOLD TIGHT AND RIDE THE WAVE UP!!

Just curious, anybody know if the AGM on 20 Apr is open to shareholders?

E-war      ( Date: 10-Apr-2010 18:29) Posted: Hi guys, dun mean to spoil the party. i agree this counter has strong prospects ahead. But anyone know wat's the outcome of the reef oil spill? Pls enlighten if in the know.

 

If it continues to go up, just follow the trend. I will sell when it reverses down. If it continues, just let the profit run.

Explicit      ( Date: 10-Apr-2010 11:16) Posted: Hi susan66, when do you intend to take profit? susan66      ( Date: 10-Apr-2010 09:33) Posted: I don't think it's important how analyst predict the market. Many times if you act according to what they say, you'll end up losing more! For me, most important is to know how to read your chart. If the analysts are right, it will reflect on the charts. My chart shows buy signal since $1.31 till now still holding tight. Congrats to those in the trade!

 

m puzzled by temasek not being a substantial shareholder of cosco because one of the company under its stable, sembcorp marine, own a substantial stake of close to 30% of cosco.

by rite, temasek should have a deem stake of at about 30% right, plus maybe a direct stake of about 5% held by it. Frankly, temasek is so confused that they probably dont know how much they own in their portfolio.

lets hope not that one fine day, they discover they got missing stakes dont know go where unaccountable.. never mind, just quiet you dont know, i dont know , dont talk about it, and life go on ...

 

6 APRIL 2010  Tuesday

TEMASEK purchased shares  frOm  market

tO  increase  its  COSCO  holding  tO  5%

and  Qualified  as a  MAJOR  shareholder

On  8 APRIL 2010.

 

Hi guys, dun mean to spoil the party. i agree this counter has strong prospects ahead. But anyone know wat's the outcome of the reef oil spill? Pls enlighten if in the know.

 

P E R F E C T

S T O R M S

 

KiLrOy will always be KiLrOy

pharoah88      ( Date: 10-Apr-2010 15:45) Posted: An Olympian will always be an Olymoian in ATTITUDE  PETER LIM will always be PETER LIM WARREN  BUFFETT  will always be WARREN  BUFFETT GEORGE SOROS  will  alwasy  be  GEORGE SORES NOL  will  alwasy  be  NOL SIA  will always  be  SIA KEP CORP  will always  be  KEP CORP COSCO  will always  be  COSCO

 

DARE  DARE

Or  REGRET

 

An Olympian will always be an Olymoian in ATTITUDE 

PETER LIM will always be PETER LIM

WARREN  BUFFETT  will always be WARREN  BUFFETT

GEORGE SOROS  will  alwasy  be  GEORGE SORES

NOL  will  alwasy  be  NOL

SIA  will always  be  SIA

KEP CORP  will always  be  KEP CORP

COSCO  will always  be  COSCO

 

SAGE said, "HABITS  DIE  HARD".

Saturday: 10 APRIL 2010  STRAITS TIMES 

money . markets Page C33  BULLS AND BEARS

Jonathan Kwok

"It's nOt a lOss making cOmpany.

  It still turned in prOfits Of

  S$110 MilliOn last year,

  in a recessiOn year."

COSCO  is  still trading

cum-dividend and its

ex-dividend date is

April 23rd, Friday.

(10  gOOd  days)



A remiser noted:

"Slightly over two years ago

COSCO was above S$8.00.

tOday it's at Only S$1.51.

There is an OppOrtunity fOr

playerss to play it Up tO

S$2.00 Or S$3.00

     

 

Friday: CNA TV Stock Call  BUY,  TP S$1.61

tanweechong      ( Date: 07-Apr-2010 10:13) Posted: DJ MARKET TALK: DBSV Raises Cosco To Buy; Ups Target To S$1.60      4/7/2010 10:05:00 AM  0205 GMT [Dow Jones] STOCK CALL: DBS Vickers upgrades Cosco (F83.SG) to Buy from Fully Valued, raises target price to S$1.60 from S$1.00 after increasing earnings forecasts for FY10 by 7%, for FY11 by 32% to assume more order wins. Says China-based ship builder getting more enquiries on offshore projects, currently in talks for several new turnkey contracts. Notes award of US$500 million contract last month to build rig for Sevan Drilling has pushed Cosco up value chain; "we believe this serves as a harbinger for offshore contract flow for Cosco." Says Chinese rivals such as Yantai Raffles (YRSL.NO), Shanghai Zhenhua (600320.SH) yet to establish strong footing in construction of offshore projects. Raises orderbook estimate for FY10 to US$1.5 billion, for FY11 to US$2.0 billion, from US$0.5 billion for each FY. Shares last +3.7% at S$1.40. (frankie.ho@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=uYdhSq7ZQIQ%2BB8AB2nZkGQ%3D%3D. You can use this link on the day this article is published and the following day. (END) Dow Jones Newswires April 06, 2010 22:05 ET (02:05 GMT) Copyright (c) 2010 Dow Jones & Company, Inc.

 

RSI must be overbought, and remain overbought, during a breakout one. Overbought-ness during breakout is an indication of strength, as opposed from an impending pull-back in a trading range.

If oversold, how to breakout.

Just as in breakdown, RSI will be oersold and remains oversold.

Errrm, I am vested.

joseah      ( Date: 10-Apr-2010 13:43) Posted: But RSi indicating sell signal .... how ah?