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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]
From Seatrade Online
More Ships order for Cosco on the line.
whats up with tomorrow?
ends at 1.4 today.....
1.46 ..whoopass!
former market darling in action again..
ozone2002 ( Date: 07-Apr-2010 10:54) Posted:
1.43..go go go..
ozone2002 ( Date: 07-Apr-2010 09:49) Posted:
broke high of 1.39..further upside very likely
DBS issued a report with new TP @ $1.6!!
chiong ah!! |
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148 then i buy
long warrant ?
short CFDs ??
I very bang lah! cut lost my warrant last 2 weeks.But I recalculated and realised if i held on till now, would have make 12k.
Warrants can lost big can gain big also.
Cut-loss strategy does not work sometimes. Sometimes, cut but up later.
1.43..go go go..
ozone2002 ( Date: 07-Apr-2010 09:49) Posted:
broke high of 1.39..further upside very likely
DBS issued a report with new TP @ $1.6!!
chiong ah!! |
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| DJ MARKET TALK: DBSV Raises Cosco To Buy; Ups Target To S$1.60 |
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| 4/7/2010 10:05:00 AM |
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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. |
wow...TP:$1.61 so fierce!!!!..huat ah...
broke high of 1.39..further upside very likely
DBS issued a report with new TP @ $1.6!!
chiong ah!!
apparently, TP:$1.45 is gonna very true & accurate....
can also be inaccurate too mah....
but its good news for long term investor like me....:)
TP $1.45 !!! see how accurate is the prediction!!!!!
Hit 1.35 oredi!!! Will it go any higher?
tanweechong ( Date: 05-Apr-2010 09:38) Posted:
All the shipping counter sky high now and cosco still yoyo.....
very high potential rocketing.... |
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All the shipping counter sky high now and cosco still yoyo.....
very high potential rocketing....
COSCO Shipping confirms $310m order
Guangzhou: COSCO Shipping has confirmed an order of ten 27,000 dwt multi-purpose vessels from CSSC Guangzhou Huangpu Shipbuilding. and Taizhou Kouan Shipbuilding costing a total of around US$310m. The Guangzhou specialist vessel affiliate of China’s largest shipping firm said the deal is its largest order ever. The ships will start delivering from June 2011. According to its latest business plan at least another eight ships are set to be ordered as the cash rich, Shanghai-listed company takes advantage of low newbuild costs at present. [02/04/10]
From Seatrade Online
Now already 1.30
Aiya too late to see this report,oredi sold at 1.28 early morning,but will enter at 1.25 again.
Key Points:
bOOk valUe rEvisEd tO 2.80 times
TP S$1.45
TP upgrade today..by Poem.:):)
Upgrade from Sell to Buy with fair value raised from S$1.03 to S$1.45
We are glad that Cosco can win a US$500m contract for an offshore marine vessel. Moreover,
with oil prices fluctuating above US$80 per barrel, there is a possibility that Cosco may win
more offshore marine contracts. This can mitigate the difficulties that Cosco faces in obtaining
contracts for building dry bulk vessels. As we are more optimistic on the future earnings of
Cosco, we have upgraded our recommendation from sell to buy and raised the fair value from
S$1.03 to S$1.45. This is a change from 2.01 times to 2.80 times book value for FY2010F.
