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BDI is booming right now and thank you to Chinese Government. Who do you think will get the most benefits? Act before too late.
http://www.cnbc.com/id/49120523
Cosco’s VLCC order just the tip of the iceberg
Dalian: The initial batch of 10 VLCCs that Cosco Dalian is negotiating
is part of a 30 VLCC order, which in turn is part of a VLCC pool being
planned among China’s leading state-owned shipping lines, SinoShip News
can confirm. This news portal first reported the news one month ago
today.
“In reality this is such a big project, all together 70-80 ships
planned,” a well-placed source stressed involving Cosco, China Merchants
and Nanjing Tanker.
The cash allocation for this spending is in the latest five-year plan
so the orders need to be done before 2015. The dipping market has made
negotiations slower than anticipated but further orders are expected to
be placed in the coming six months.
“Currently we are still probing into the possibilities, nothing has
been confirmed yet,” an official from Cosco’s tanker division in Dalian
told SinoShip News, “and we are negotiating with many different yards in
China, not only the three yards mentioned before. Also we are
negotiating with some companies for potential charters,” the official
added.
“We had a preliminary contact with Cosco Dalian, it still needs further
negotiation,” an official at Unipec, who is close to the matter, said
to Sinoship News.
Currently Cosco Dalian has 18 oil tankers and six of them are VLCCs. [21/09/12]
Many traders are betting that the Chinese demand for iron ore and steel could pick up later in the year. Stats from China showed that iron ore prices
rebounded from their lowest level in three years, after the Chinese government approved more than
$150 billion for infrastructural development in the second-largest economy of the world. The rise in steel and iron prices was also depicted by the sharp surge of 9% in the Baltic Dry Index (BDIY) in the last two days. BDIY is composed of weighted averages of indices of Capesize, Panamax, Handysize and Supramax. This of course is further dependant on the prices and demand of commodities. More the demand for commodities, the higher their prices will be and more demand will lead to a rise in charter rates for vessels, thus leading to a rise in BDIY.
when a stocks goes sideway for too long. it will either move up or move down heavily upon breakout. so i think it will be a good risk to reward ratio trades. vested in cosco 1 week ago at the bottom of the range. possible accumulation detected.
With BDI starts picking up, this counter will be up like crazy. Many analysts have been asked to downgrad this counter because BBs want to be accummulated shares at low price.
BBs are picking up this counter as governments are supporting shipping industry.
Dalian Ocean Shipping Company (COSCO DALIAN) is wholly owned subsidiary of China Ocean Shipping Company (Cosco Group). != COSCO (Dalian) Shipyard Co.
I also want to know this
ruanlai ( Date: 13-Aug-2012 17:35) Posted:
| COSCO CORPORATION SECURES USD170 MILLION CONTRACT FOR (1) ONE UNIT JACKUP DRILLING RIG |
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Good for Cosco , China announced $Billions in new infrastructure spendings .
good or bad news?
newbiexpert ( Date: 15-Sep-2012 11:00) Posted:
Cosco Dalian reported to have booked up to 30 VLCCs
EMERGING reports late on Friday that a major Chinese state tanker
owner has proceeded with a giant order for very large crude carriers at
domestic yards could herald the moment when a nightmare which has
haunted the tanker market for the last year finally became
reality.Rumours of a...
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Cosco Dalian reported to have booked up to 30 VLCCs
EMERGING reports late on Friday that a major Chinese state tanker
owner has proceeded with a giant order for very large crude carriers at
domestic yards could herald the moment when a nightmare which has
haunted the tanker market for the last year finally became
reality.Rumours of a...
Target S$0.85 (Long Term: Under Perform)
We are cautious over Cosco's US$170m rig contract from UK shipping conglomerate Foresight Group as margins could be compromised to fill its idle shipbuilding yard capacity. Margin inconsistencies and execution hiccups could continue to plague this Chinese yard. Maintain Underperform and target price, based on trough P/BV of 1.4x. No changes to our EPS. The latest win brings YTD orders to about US$1.2bn, still within our full-year target of US$2bn. We would stick to Singapore rig builders for 1) stronger order book, 2) proven track record, and 3) more attractive valuations.
they wont tell the actual reasons one. Indices r conveniently used by ppl to roughly gauge the economy health of a country so probably our garment doesnt find cosco fit to perform this task anymore so get rid of it. if goldenagri n nol still dont perform then they may be kick out too.
tiancai007 ( Date: 14-Aug-2012 00:59) Posted:
What's the reason Cosco got kick out of STI index? It was $7 4-5 yrs ago... And SMRT was part of STI not too long ago until GLP took the place...
rutheone1905 ( Date: 13-Aug-2012 12:43) Posted:
this counter was once index stock but got kick out.
it has becoming bad to worst n now just a counter for shorties to play quite sad story but i love this counter. |
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What's the reason Cosco got kick out of STI index? It was $7 4-5 yrs ago... And SMRT was part of STI not too long ago until GLP took the place...
rutheone1905 ( Date: 13-Aug-2012 12:43) Posted:
this counter was once index stock but got kick out.
it has becoming bad to worst n now just a counter for shorties to play quite sad story but i love this counter. |
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COSCO CORPORATION SECURES USD170 MILLION CONTRACT FOR (1) ONE UNIT JACKUP DRILLING RIG
COSCO CORPORATION SECURES USD170 MILLION CONTRACT FOR (1)
ONE UNIT JACKUP DRILLING RIG
this counter was once index stock but got kick out.
it has becoming bad to worst n now just a counter for shorties to play quite sad story but i love this counter.
Think this one not gd buy liao...
Hang Seng Indexes Company Limited today announced the results of its review of the Hang Seng Family of Indexes for the quarter ended 30 June 2012. There is no change to the constituents of the Hang Seng Index. The total number of constituents remains at 49
As to Hang Seng China Enterprises Index, CITIC SEC (06030) has been included and CHINA COSCO has been removed (01919).
All changes will come into effect on 10 September 2012 (Monday).
