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In Chinese...Cosco (S) part of Cosco Shipbuilding side...
Synergies + rise on Cosco Shipping Conglomerate business
Shipbuilding Shiprepair Ship maintenance + those SOE Oil Giants giving business will keep Cosco S very busy...
Synergies + rise on Cosco Shipping Conglomerate business
Shipbuilding Shiprepair Ship maintenance + those SOE Oil Giants giving business will keep Cosco S very busy...
Is there any official news?
amandayoung ( Date: 19-Dec-2016 10:02) Posted:
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At this low price, ppl who bought above $1 will definitely lose out.
spore1 ( Date: 19-Dec-2016 09:47) Posted:
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Restructuring.
Cosco Shipbuilding+ China Shipping Shipbuilding = China 3rd largest Shipbuilding Group
11.55m dwt + ship repair & maintenance
Cosco Shipbuilding+ China Shipping Shipbuilding = China 3rd largest Shipbuilding Group
11.55m dwt + ship repair & maintenance
May b privatised. Hopefully gd price!
ronleech ( Date: 19-Dec-2016 09:14) Posted:
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maybe M & A
Delist?
Halted.... based on the trading volume, it seems something big enough for it to move up...good luck to those who was vested.
In another article of similar news, it also mentioned cosco shipyard will be transferred to this new shipbuilding entity. Currently Cosco Corp (s) owns 51% stakes in cosco shipyard. Not sure how will this play out for Cosco Corp (s).
http://www.seatrade-maritime.com/news/asia/cosco-shipping-unveils-cosco-shipping-heavy-industry.html
| granto ( Date: 16-Dec-2016 17:42) Posted: |
Dear All,
All Predictions made by GodOfTrader will have accountability (Ended Prediction) no matter success or failed to give the public a better view.
As Prediction is made at $0.26, when Ended at $0.29 (Public generally did not suffer losses except myself)
Thank You & All the best!
With Regards,
GodOfTrader (MetalTrader)
Updated
PREDICTIONS CUT LOSS:
Cosco Corporation Prediction
31 Aug (Closed @ $0.26)- Before market open, I predict that Cosco Corporation will rise $0.30 to $0.34+ in less than 6 months
[revised on 22 Nov to $0.32 to $0.36 before April 2017 in view of fair price calculated of $0.33/share of 30% to be bought by China Shipping Group internally]
As it is the current strongest undervalued shipyard stock in SGX. Its parent company 4th Biggest Shipping Company that had acquired New Piraeus Port).
As at 30 September 2016, its order book stood at about US$6.8 billion with progressive deliveries up to 2019.
2 Sep (Closed @ $0.26)
5 Sep (Closed @ $0.275)
6 Sep (Closed @ $0.275)
7 Sep (Closed @ $0.275)
8 Sep (Closed @ $0.29)
9 Sep (Closed @ $0.29)
13 Sep (Closed @ 0.28)
14 Sep (Closed @ $0.27)
15 Sep (Closed @ $0.28)
4 Oct (Closed @ $0.26)
5 Oct (Closed @ $0.27
6 Oct (Closed @ $0.28)
7 Oct (Closed @ $0.28)
16 Nov (Closed @ $0.27) - A Fair Price calculated of around $0.33 per share (30% internally to be bought from SembMarine) is to be bought over by China Shipping Group, with conditions once approved by End Dec/ Earlier. No changes to China Shipping Group %. Upon completion of this transaction, the equity interest of COSCO Group in CSG will increase from 3% to 33%, the equity interest of the Company in CSG will remain unchanged at 51%, and the equity interests of Shanghai Ocean Industrial Company and Guangzhou Ocean Investment Management Company (which are also subsidiaries of COSCO Group) in CSG will remain unchanged at 8% each.
18 Nov (Closed @ $0.275)
22 Nov (Closed @ $0.275)- My view: In long run, Cosco Corporation is likely to increase towards its $0.33 Fair price value. [Prediction upgraded to $0.32 to $0.36+ by End April 2016]
14 Dec 2016 (Closed upward @ $0.29) (+$0.10)
Prediction Ended Halfway in 3.5 Months when Cosco is rising due to below 3 Reasons:
1) Cosco Corporation is a laggard, whereby it faces resistance at $0.28 despite oil price substainial little increases for several months (only manage passing few times)
2) Cosco requires a long period for breakthrough for its oil rigs to be taken by buyers as oil price increases is only little, while the risks also remain equally high.
3) Despite China Shipping Group buying 30% internally, there may be no intention of the parent company to buyout Cosco Corporation soon.
Prediction Cut Loss (No Further Advise)
http://splash247.com/sembcorp-marine-denies-ppl-shipyard-sale-rumours/
O& G good ar all buy ah.... LOL... all buy and up lorry ah... same like noble ah.... next year 2017 see it become $0.1x ....DYODD probably.
With orders for new rigs at their lowest level in a generation, Sembcorp Marine has come under pressure this year. It recently offloaded its 30% stake in China&rsquo s Cosco Shipyard Group.
GodofTrader already liquadated his positions
buysellbuysell ( Date: 28-Nov-2016 13:06) Posted:
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Cosco Corporation Prediction (Within 6 Months)
31 Aug (Closed @ $0.26)- Before market open, I predict that Cosco Corporation will $0.30 to $0.34+ in less than 6 months [revised on 22 Nov to $0.32 to $0.36 before April 2017 in view of fair price calculated of $0.33/share of 30% to be bought by China Shipping Group internally], as it is the current strongest undervalued shipyard stock in SGX. Its parent company 4th Biggest Shipping Company that had acquired New Piraeus Port). It possesses higher potential to rise as compared to Yangzhijiang.
As at 30 September 2016, its order book stood at about US$6.8 billion with progressive deliveries up to 2019.
22 Nov- My view: In long run, Cosco Corporation is likely to increase towards its $0.33 Fair price value. [Prediction upgraded to $0.32 to $0.36+ by End April 2016]
On 16 Nov: A Fair Price calculated of around $0.33 per share (30% internally to be bought from SembMarine) is to be bought over by China Shipping Group, with conditions once approved by End Dec/ Earlier. No changes to China Shipping Group %.
Upon completion of this transaction, the equity interest of COSCO Group in CSG will increase from 3% to 33%, the equity interest of the Company in CSG will remain unchanged at 51%, and the equity interests of Shanghai Ocean Industrial Company and Guangzhou Ocean Investment Management Company (which are also subsidiaries of COSCO Group) in CSG will remain unchanged at 8% each.
14 Dec- Cosco closed upward to $0.29 (+$0.10)
Prediction Ended Halfway (Cut Loss & Liquidate all Cosco Stocks) when Cosco is rising after 3.5 months due to below 3 reasons as Cosco faces a challenging year ahead:
1) Cosco Corporation is a laggard, whereby it faces resistance at $0.28 despite oil price substainial little increases for several months (only manage passing few times)
2) Cosco requires a long period for breakthrough for its oil rigs to be taken by buyers as oil price increases is only little, while the risks also remain equally high.
3) Despite China Shipping Group buying 30% internally, there may be no intention of the parent company to buyout Cosco Corporation soon.
No Further Advise as position are liquidated in view of risks/rewards ahead.
Nice sailing towards 30 cents then 32 cents
can come into play anytime but just donno when...
Wah lai lai lai buy cosco ah all buy ah lai ah lai ah 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆 😆
buysellbuysell ( Date: 18-Nov-2016 12:33) Posted:
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Yesterday, saw on CNA which gave a biased unhuman (western std) of Cosco taking over 50% of a major port in Greece in 2008 and is going to extend to 67% on the theme " One Maritime One Silk Route" this year. It provides work on hourly paid basis, no union, must on call on 24-hour, must report within 2 hours when called, etc. As a news provider, CNA must provide a more balanced reporting, but I think CNA just buy the report from some Western source.
No lah. According to reliable woodbridge research, major restructuring coming soon lah. Only thing is woodbridge dictionary got the word ' soon' all confused one leh.
lglg666 ( Date: 26-Nov-2016 22:27) Posted:
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