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6441-6460 of 6569
after dividend likely to be below $1.00 just like before.
upward is more likely .................BB push up..
30th april
jqpooling ( Date: 17-Apr-2012 13:15) Posted:
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Dragged and held by european side...will it go up in the afternoon?
contract awarded ......... USD 220M (See below). up up up....... tomorrow
The Board of Directors (the “Board”) of COSCO Corporation (Singapore) Limited
(the “Company”) wishes to announce that COSCO (Guangdong) Shipyard Co.
Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard
Group Co. Ltd., has secured a contract with Energy Drilling Pte Ltd (“Energy
Drilling”) to construct 2 units of Self Erecting Drilling Tender Barges valued at
over USD220 million with an option for an additional 2 barges. The 2 barges
under the firm contract are to be delivered in the 2nd quarter of 2014.
lelong lelong, cheapest amoung kep corp and semb corp...
got some at 1.09............ go up up up...........
closer to XD date.......... might go up anytime....
Prices moving lower lows but Stochastic higher low. So going up in short term.Moreover MACD is cutting upwards.
wait for $1.03
when is the dividend?
now looking very attactive at 1.08. Somemore 3cent divdiends........vested.
looks like a sharp turn upwards pattern ..... similar to dbs pattern ?
if so, likely to gate crash the shortists .....
may test 1.15 later (just prediction)
huat ahhhh.. but im still at a loss.. bought at 1.15 recently.. on hindsight, if onllllyyyy i could just wait for two dayssss... but if everyone has that ability, there will be a lot more lambo and ferraris on the streets... hahah..
and hopefully can see some scooping up action
cosco in technical reversal mode .....
hope will rally nicely from hereon .....
yup, it's a lot .....
interestingly, previously even with analysts' write-ups, cosco still cheong .....
not sure what these analysts are up to ?
churnw ( Date: 12-Apr-2012 16:57) Posted:
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Cosco Corporation: FULLY VALUED S$1.10 Bloomberg Code: COS SP Secures 4th tender rig contract from Seadrill Price Target : 12-month S$ 0.88
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Tender rig order worth US$75m. Cosco has secured a contract to build a self-erecting tender rig T18 valued at US$75m from Seadrill, excluding owner furnished drilling equipment. T18, when completed, will be equipped with enhanced drilling capabilities allowing for higher drilling efficiency including the advantage of a light weight drilling equipment set. The rig is capable to drill at 6,500 feet and a drilling depth capacity of 20,000 feet. 4th contract from Seadrill. This is the 4th tender rig order from Seadrill, exercising its last option with Cosco. As a recap, Seadrill was awarded two options (T17 and T18) in February 2011 when T15 and T16 were contracted to Cosco. The option over T17 was exercised in Apr 2011. (Embedded image moved to file: pic09970.jpg) Source: company 14-15% increase in contract value. The contract price of US$75m represents a 14-15% increase over the average price of US$65-66m for the first three orders. We believe the initial orders were not profitable as company lowered prices to secure first tender rig contract from first-tier operator. Seadrill is a leading offshore deepwater drilling company and operates a versatile fleet of 63 units (of which 16 are under construction) that comprises drillships, jack-up rigs, semi-submersible rigs and tender rigs for operations in shallow to ultra-deepwater areas in harsh environment and benign environments. With the climb up in learning curve and better pricing, we expect the latest contract to fetch gross margins of about 10%. Offshore enquiry is high. A slew of offshore contracts lately are confidence boosters on Cosco. YTD order wins amounted to US$635m, forming 32% of our assumption of US$2bn. We understand that the enquiry level for offshore projects is high. The ability of securing offshore projects at stronger prices will enhance Cosco’s profitability and earnings visibility moving forward. (Embedded image moved to file: pic25608.jpg) source: company Valuation looks stretched still. While company outlook is improving, current valuations of 18x FY12 PE and 1.8x P/Bv appear expensive for a company with patchy track record. Maintain FULLY VALUED and TP of S$0.88, translating to PE of 14.7x on FY12 earnings.
it will drop, enter when it drops.