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!
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!
analysts should explain what makes them adjust the target price up or down (especially with a big difference) within such a short time? business doesnt change overnight. they need to have the responsibility and business ethic in order to win their creditbility.
Analyst are just guessing (see my earlier post......) they do not know that in China, Cosco is the equivalent of Singapore's Keppel. Cosco is one of the proxies of China's growth.
Now that world ecomnomies are set to grow, commodities and raw materials will be in demand. Since iron and steel prices are set to rise further, it would be prudent to look into stocks that are related to these metals....better still, those that have a complete chain of producing iron and steel right from iron mining.
The party has just begin....more yet to come...cheers !
The STI is set to break 3,000 and this physiological resistance will give a much needed boost to the market.
shoemaker ( Date: 10-Apr-2010 00:21) Posted:
How is it possible that so many analysts fail to predict Cosco's recovery?? What did they miss out?
Anyway there's 1,290,000 Buy Up after hours @ 1.51... very likely next Monday will cheong again...
Glad to be vested!! Toast to all on the ship!! *Pop champagne*
Alligator ( Date: 23-Feb-2010 14:28) Posted:
This cosco, inspite of most analyst giving its TP , for last many month, its price is WAY ABOVE TPs. let see what TP given now:
People always like to chase after sky high price with PE 20+ times.... the unlucky one who buy at the end remember to cut lost... history will repeat again.... just imagine from previous peak $8 (at that time PE over 30 times) crashed to $0.60 !!! my heart weak can't take it !
*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.
*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
70.24
Williams %R
-28.0
Comments (RSI)
Overbought
Comments (W%R)
No Info
Intraday Chart
pharoah88 ( Date: 09-Apr-2010 16:00) Posted:
that will be S$8.80 NEW HiGH ?
CheongCK ( Date: 09-Apr-2010 08:58) Posted:
100 new Evergreen ships story resurfaces
Tokyo: Evergreen chairman Chang Yung-Fa has been in Tokyo lately and has been speaking to media there about a gigantic series of ship orders his line is planning. The Kaiji Press reports that from May Chang’s company, the largest containerline in Asia, will start negotiations with yards across the region for as many as 100 ships. Broken down, Chang’s incredible shopping list includes 32 8,000 teu ships, 20 S-types (7,024 teu), 20 U-types (5,364 teu) and 20 2,000 teu feeders. Among the yards who are in the mix are STX Offshore & Shipbuilding, CSBC Corp, Taiwan and Nantong COSCO KHI Ship Engineering (NACKS). Regular yard Mitsubishi Heavy Industries will also compete for Chang’s largesse. This is not the first time Seatrade Asia Online has reported Chang’s century of newbuild plans. On January 6, 2009 the tycoon was reported as readying a war chest for 100 ships, something the firm later flatly denied. [09/04/10]
Tokyo: Evergreen chairman Chang Yung-Fa has been in Tokyo lately and has been speaking to media there about a gigantic series of ship orders his line is planning. The Kaiji Press reports that from May Chang’s company, the largest containerline in Asia, will start negotiations with yards across the region for as many as 100 ships. Broken down, Chang’s incredible shopping list includes 32 8,000 teu ships, 20 S-types (7,024 teu), 20 U-types (5,364 teu) and 20 2,000 teu feeders. Among the yards who are in the mix are STX Offshore & Shipbuilding, CSBC Corp, Taiwan and Nantong COSCO KHI Ship Engineering (NACKS). Regular yard Mitsubishi Heavy Industries will also compete for Chang’s largesse. This is not the first time Seatrade Asia Online has reported Chang’s century of newbuild plans. On January 6, 2009 the tycoon was reported as readying a war chest for 100 ships, something the firm later flatly denied. [09/04/10]
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