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Hidden gem going to wake up soon
1H21 nett profit of 6.8m
Most properly FY21 end.. nett profit should be about 15m..
One off gain of 57m(if deal done before Dec 2021)
Then for FY21 nett profit should be about 72m
Current share px 26.5c
Under valued
Fy21 end result will release on March 2022
DYODD
TowerA ( Date: 04-Nov-2021 15:32) Posted:
Off load shipping division 60% stake to cosco Hk for about 57m sgd!!
Current cash holding of 75m
So total cash flow will be 75m+57m=132m once deal done
I think 2022 they will use the cash for M&A
Or end FY21 declared for dividend
Joelton ( Date: 01-Oct-2021 09:42) Posted:
Cosco Shipping International to sell 60% stake in Singapore unit for US$42.4 million
MAINBOARD-LISTED logistics management service provider Cosco Shipping International COSCO SHP SG: F83 +1.82% on Thursday announced the proposed disposal of a 60 per cent stake in Cosco Shipping Singapore for US$42.4 million in an interested party transaction.
Cosco Shipping International is the beneficial owner of all the issued shares of Cosco Shipping Singapore, which is primarily engaged in the business of dry bulk shipping, with the main focus on the owning and chartering of vessels.
Cosco Shipping Singapore will be sold to Cosco (HK) Shipping, a wholly owned subsidiary of Cosco Shipping Bulk, which is, in turn, wholly owned by China Cosco Shipping Corporation.
China Cosco Shipping Corporation is an indirect controlling shareholder of Cosco Shipping International.
The company said the consideration was arrived at after arm' s length negotiations on a willing-buyer and willing-seller basis, taking into account an independent valuation as at June 30.
In a bourse filing on Thursday, Cosco Shipping International said the proposed transaction represents its strategic decision to streamline its current conglomerate structure to increase focus on its core logistics business and to achieve better performance for the group' s existing businesses.
It added that its dry bulk shipping business under Cosco Shipping Singapore was curtailed by its limited marketing capabilities and lack of market competitiveness as it only has three vessels of the same ship type.
" The company believes that dry bulk shipping business is complementary to the group' s core logistics business and ship repair and marine engineering services, but requires the necessary resources and scale to develop and expand further," it said.
Cosco Shipping International added that it will benefit from retaining the remaining 40 per cent stake in Cosco Shipping Singapore, while tapping on Cosco Shipping Bulk' s global presence and fleet of more than 400 vessels to achieve sustainable development and growth.
The company said it intends to use the sale proceeds from the proposed partial disposal to expand and promote the development of the group' s logistics business in South and South-east Asia, as well as for working capital requirements of the group.
Completion of the sale and purchase agreement will need to be approved by Cosco Shipping International' s shareholders at a general meeting to be convened.
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Logistic company is good. But this counter is s chip.
madboysg ( Date: 03-Nov-2021 21:13) Posted:
| thought logistics company is godd. seem like does not apply on this counter. |
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Off load shipping division 60% stake to cosco Hk for about 57m sgd!!
Current cash holding of 75m
So total cash flow will be 75m+57m=132m once deal done
I think 2022 they will use the cash for M&A
Or end FY21 declared for dividend
Joelton ( Date: 01-Oct-2021 09:42) Posted:
Cosco Shipping International to sell 60% stake in Singapore unit for US$42.4 million
MAINBOARD-LISTED logistics management service provider Cosco Shipping International COSCO SHP SG: F83 +1.82% on Thursday announced the proposed disposal of a 60 per cent stake in Cosco Shipping Singapore for US$42.4 million in an interested party transaction.
Cosco Shipping International is the beneficial owner of all the issued shares of Cosco Shipping Singapore, which is primarily engaged in the business of dry bulk shipping, with the main focus on the owning and chartering of vessels.
Cosco Shipping Singapore will be sold to Cosco (HK) Shipping, a wholly owned subsidiary of Cosco Shipping Bulk, which is, in turn, wholly owned by China Cosco Shipping Corporation.
China Cosco Shipping Corporation is an indirect controlling shareholder of Cosco Shipping International.
The company said the consideration was arrived at after arm' s length negotiations on a willing-buyer and willing-seller basis, taking into account an independent valuation as at June 30.
In a bourse filing on Thursday, Cosco Shipping International said the proposed transaction represents its strategic decision to streamline its current conglomerate structure to increase focus on its core logistics business and to achieve better performance for the group' s existing businesses.
It added that its dry bulk shipping business under Cosco Shipping Singapore was curtailed by its limited marketing capabilities and lack of market competitiveness as it only has three vessels of the same ship type.
" The company believes that dry bulk shipping business is complementary to the group' s core logistics business and ship repair and marine engineering services, but requires the necessary resources and scale to develop and expand further," it said.
Cosco Shipping International added that it will benefit from retaining the remaining 40 per cent stake in Cosco Shipping Singapore, while tapping on Cosco Shipping Bulk' s global presence and fleet of more than 400 vessels to achieve sustainable development and growth.
The company said it intends to use the sale proceeds from the proposed partial disposal to expand and promote the development of the group' s logistics business in South and South-east Asia, as well as for working capital requirements of the group.
Completion of the sale and purchase agreement will need to be approved by Cosco Shipping International' s shareholders at a general meeting to be convened.
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thought logistics company is godd. seem like does not apply on this counter.
This is a dead counter .. sold mine at 29 last Friday ..lose comm
ay the same Ownself merge and buy Ownself news again ?
This news didn''t excited the market....what news can ?...even freight rate also no use...
Joelton ( Date: 01-Oct-2021 09:42) Posted:
Cosco Shipping International to sell 60% stake in Singapore unit for US$42.4 million
MAINBOARD-LISTED logistics management service provider Cosco Shipping International COSCO SHP SG: F83 +1.82% on Thursday announced the proposed disposal of a 60 per cent stake in Cosco Shipping Singapore for US$42.4 million in an interested party transaction.
Cosco Shipping International is the beneficial owner of all the issued shares of Cosco Shipping Singapore, which is primarily engaged in the business of dry bulk shipping, with the main focus on the owning and chartering of vessels.
Cosco Shipping Singapore will be sold to Cosco (HK) Shipping, a wholly owned subsidiary of Cosco Shipping Bulk, which is, in turn, wholly owned by China Cosco Shipping Corporation.
China Cosco Shipping Corporation is an indirect controlling shareholder of Cosco Shipping International.
The company said the consideration was arrived at after arm' s length negotiations on a willing-buyer and willing-seller basis, taking into account an independent valuation as at June 30.
In a bourse filing on Thursday, Cosco Shipping International said the proposed transaction represents its strategic decision to streamline its current conglomerate structure to increase focus on its core logistics business and to achieve better performance for the group' s existing businesses.
It added that its dry bulk shipping business under Cosco Shipping Singapore was curtailed by its limited marketing capabilities and lack of market competitiveness as it only has three vessels of the same ship type.
" The company believes that dry bulk shipping business is complementary to the group' s core logistics business and ship repair and marine engineering services, but requires the necessary resources and scale to develop and expand further," it said.
Cosco Shipping International added that it will benefit from retaining the remaining 40 per cent stake in Cosco Shipping Singapore, while tapping on Cosco Shipping Bulk' s global presence and fleet of more than 400 vessels to achieve sustainable development and growth.
The company said it intends to use the sale proceeds from the proposed partial disposal to expand and promote the development of the group' s logistics business in South and South-east Asia, as well as for working capital requirements of the group.
Completion of the sale and purchase agreement will need to be approved by Cosco Shipping International' s shareholders at a general meeting to be convened.
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Finally own siao
Ownself Merge Ownself with Ownself by Ownself and acquisition Ownself within Ownself
Own the ship and captain dont know how to stir...pure lousy
very strange transactions..
SIAS and SGX never query means it is okay.. but feel very fishy , with rocket high shipping freight rate
how Cosco Shipping Singapore implied like no future therfore sell 60% shares to Cosco HK.
not vested, if i do, i will certainly write officiall and ask.
Why this sale transaction didn't ignite the market ? potential gain is high...
wehuattogether88 ( Date: 01-Oct-2021 09:13) Posted:
| Cosco Might be delisting. Just my thoughts. |
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LOL. Must admit to IMH
Chagatai ( Date: 01-Oct-2021 09:49) Posted:
| Ownself sell to ownself who own ownself |
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Ownself sell to ownself who own ownself
Cosco Shipping International to sell 60% stake in Singapore unit for US$42.4 million
MAINBOARD-LISTED logistics management service provider Cosco Shipping International COSCO SHP SG: F83 +1.82% on Thursday announced the proposed disposal of a 60 per cent stake in Cosco Shipping Singapore for US$42.4 million in an interested party transaction.
Cosco Shipping International is the beneficial owner of all the issued shares of Cosco Shipping Singapore, which is primarily engaged in the business of dry bulk shipping, with the main focus on the owning and chartering of vessels.
Cosco Shipping Singapore will be sold to Cosco (HK) Shipping, a wholly owned subsidiary of Cosco Shipping Bulk, which is, in turn, wholly owned by China Cosco Shipping Corporation.
China Cosco Shipping Corporation is an indirect controlling shareholder of Cosco Shipping International.
The company said the consideration was arrived at after arm' s length negotiations on a willing-buyer and willing-seller basis, taking into account an independent valuation as at June 30.
In a bourse filing on Thursday, Cosco Shipping International said the proposed transaction represents its strategic decision to streamline its current conglomerate structure to increase focus on its core logistics business and to achieve better performance for the group' s existing businesses.
It added that its dry bulk shipping business under Cosco Shipping Singapore was curtailed by its limited marketing capabilities and lack of market competitiveness as it only has three vessels of the same ship type.
" The company believes that dry bulk shipping business is complementary to the group' s core logistics business and ship repair and marine engineering services, but requires the necessary resources and scale to develop and expand further," it said.
Cosco Shipping International added that it will benefit from retaining the remaining 40 per cent stake in Cosco Shipping Singapore, while tapping on Cosco Shipping Bulk' s global presence and fleet of more than 400 vessels to achieve sustainable development and growth.
The company said it intends to use the sale proceeds from the proposed partial disposal to expand and promote the development of the group' s logistics business in South and South-east Asia, as well as for working capital requirements of the group.
Completion of the sale and purchase agreement will need to be approved by Cosco Shipping International' s shareholders at a general meeting to be convened.
Cosco Might be delisting. Just my thoughts.
no BB interested likely will end 0.28
Skycal ( Date: 01-Oct-2021 08:42) Posted:
| Like no effect on the share price. But got a feeling it will spike up sometime during the day, hopefully to see some action |
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Like no effect on the share price. But got a feeling it will spike up sometime during the day, hopefully to see some action
Why no insiders buy this stock yesterday ?....no news leak out ?so tight sealed.
Skycal ( Date: 30-Sep-2021 22:28) Posted:
Tomorrow rocket Liao?? 🚀 🚀 🚀
Cosco Shipping International to sell 60% stake in Singapore unit for US$42.4 million https://ift.tt/3A7d241
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