COSCO SHP SG    Last:0.116   -

CoscoCorp

I still can't figure out how to link forum threads/topics, but here is the daily chart of Cosco -- identified as a potential breakout.

 

Respect of support at $1.10 would confirm the primary up-trend. Especially if 63-day Twiggs Momentum recovers above zero.

 

tmr likely all shares gap up and cheong hard............ i dont know why, dont ask.... just got this bad feeling... haha :)

 

cant open

colin_twiggs      ( Date: 27-Feb-2012 16:53) Posted: Call me stubborn, but here is my last try: http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=10353

 

the most diffcult time is also the best chance to invest potential stocks.

Hawkeye      ( Date: 27-Feb-2012 23:14) Posted: Chinese shipbuilding industry seems definitely to be in crisis, with bad news being told, such as escape of Dong Fang Shipbuilding's president, etc. The Chinese government is now working on solving problems of Dong Fang, however, just a few additional companies would be possibly supported by the government. Other than financial difficulties, Chinese yards are facing depressed shipping market, decreasing new order, etc. Market player in China said that shipowners were having troubles in making a payment and kept pushing shipbuilders in a liquidity squeeze. Moreover, declining proportion of down payment pressures shipbuilders' funding. China's Shenyin & Wanguo Securities forecast that shipbuilding market shows no sign of recovery this year and would not exceed 60m dwt of order contracts in 2012. Shenyin & Wanguo said that Chinese shipbuilders' orderbook as of the end of January plummeted by 22% to 159m dwt, year-on-year. As newbuildings, ordered in a boom period, had mostly been delivered already, this year would be much harsher period. Published : February 27, 201 http://www.asiasis.com/view_new.php?bbs_id=news& doc_num=15443 Hope Cosco will get more Rigs order soon. whencanchange      ( Date: 27-Feb-2012 20:32) Posted: so anyone wanna share his TA view on cosco now? Likely to fall to 1.10 -1.11 minimum or??

 

Chinese shipbuilding industry seems definitely to be in crisis, with bad news being told, such as escape of Dong Fang Shipbuilding's president, etc.
The Chinese government is now working on solving problems of Dong Fang, however, just a few additional companies would be possibly supported by the government.
Other than financial difficulties, Chinese yards are facing depressed shipping market, decreasing new order, etc.
Market player in China said that shipowners were having troubles in making a payment and kept pushing shipbuilders in a liquidity squeeze. Moreover, declining proportion of down payment pressures shipbuilders' funding.
China's Shenyin & Wanguo Securities forecast that shipbuilding market shows no sign of recovery this year and would not exceed 60m dwt of order contracts in 2012.
Shenyin & Wanguo said that Chinese shipbuilders' orderbook as of the end of January plummeted by 22% to 159m dwt, year-on-year. As newbuildings, ordered in a boom period, had mostly been delivered already, this year would be much harsher period.
Published : February 27, 201

http://www.asiasis.com/view_new.php?bbs_id=news& doc_num=15443

Hope Cosco will get more Rigs order soon.

whencanchange      ( Date: 27-Feb-2012 20:32) Posted: so anyone wanna share his TA view on cosco now? Likely to fall to 1.10 -1.11 minimum or??

 

so anyone wanna share his TA view on cosco now?

Likely to fall to 1.10 -1.11 minimum or??

 

Potential Breakouts -- also available at goldstocksforex.com

 

C'mon there must be a Help page somewhere......................

 

Call me stubborn, but here is my last try: http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=10353

 

Sorry. I can't seem to get the thread link right. Can anyone help me with this?

  Forum > >   User Research > > Opinions > > SGX stocks with strong buying pressure.

 

Market only seems for down side. no more correction seems here..wait until market will not grow up. 

for all Forex & Singapore SGX Picks Fill this form. -   http://www.capitalvia.com.sg/sgx-singapore-picks.php

 

cannot open the link leh

colin_twiggs      ( Date: 27-Feb-2012 13:50) Posted: Apologies. Here is the Potential Breakouts link.

 

Apologies. Here is the Potential Breakouts link.

 

Cosco turned up in my scan for potential breakouts this week. Respect of support at 1.10 and recovery of 63-day Twiggs Momentum above zero would confirm a primary up-trend.

 

 

NOL also rising now instead ......despite all the BAD reports by analysts.

teeth53      ( Date: 26-Feb-2012 17:31) Posted: Bo kena short down lehh. Sounded like ship building is better then shipping, is shipping increasing it rate..?. CoscoCorp       Last Done: $1.21 cents      Volume - 28,749,000 changed hands      -0.02 tiancai007      ( Date: 23-Feb-2012 18:26) Posted: Tomorrow Cosco will be the next target slaughter by BBs after Wilmar, Genting and NOL. So fun to play earnings reports.

 

I find COSCO ALWAYS move in the exact opposite direction of what analysts report say about this stock.

Past few years observed so many time whenever analysts say SELL, give tp 60-70 cts, cosco rallied o $1.80ish instead.

And when analysts say BUY give tp $2.30-$2.75, cosco starts dropping to below $1.

So analysts now say underperform, maybe its time to buy some to keep for mid-term gains again perhaps

 

Shipbuilding Torpedo coming -

Cosco  Corp expects further drop in newbuilding prices

 

Bo kena short down lehh. Sounded like ship building is better then shipping, is shipping increasing it rate..?.

CoscoCorp       Last Done: $1.21 cents      Volume - 28,749,000 changed hands      -0.02

tiancai007      ( Date: 23-Feb-2012 18:26) Posted: Tomorrow Cosco will be the next target slaughter by BBs after Wilmar, Genting and NOL. So fun to play earnings reports. krisluke      ( Date: 23-Feb-2012 17:32) Posted: COSCO: FY2011 Net Profit Down 43.9% To S$139.7 Million. 23 Feb 2012 17:18 FY2011 Group turnover was up by 7.8% to S$4.2bn supported by better shipyard performance. Shipyard turnover rose 10.1% to $$4.1bn on higher contributions from ship building and marine engineering projects. Turnover from dry bulk shipping and other business fell 52.9% to $66.8m on lower charter-hire rates. Net profit attributable to equity holders of the Company dropped 43.9% to $139.7m on lower profit contributions from dry bulk shipping and the higher costs incurred in shipyard operations. The Group will continue to focus on deliveries as it upgrades its shipyard capabilities and efficiencies, and monitor costs... More information available here.

 

Cosco: Results on low end of expectations but in-line.

FY11 rev at $4.2b +7.8% yoy with net profit $139.7m -43.8% yoy. This included a expected construction loss of $150.4m. Single margins remained in the single-digits with costs up due to the learning curve, 1st time jobs and overall reassessment of costs of orders.

Increase in rev was due to higher contributions from ship building and marine engrg projects and lower net profit was attributed to lower profitability of dry bulk shipping and higher costs in shipyard ops. Shipyard operations increased 10.1% to $4.1b in FY2011 with 34 bulk carriers delivered. Rev from dry bulk fell 52.9% to $66.8m due to lower charter rates.

Co's orderbook stands at US$6.1b with deliveries up to 1H2014. Co maintains a cautious outlook due to demand concerns and in light that IMF has lowered forecast for global growth from 4.0% to 3.3%. Appreciation of Yuan, China's interest rates, rising wages and raw material cost may affect co's operating margins. Cosco is also targeting 60% of new orders from the offshore segment in 2012.

3c dividend declared. Cosco is trading at 19.7x trailing P/E

Deutsche maintains Hold with TP$1.10

Nomura maintains Reduce with TP$0.69

JP Morgan maintains Neutral with TP$1.10

 

The immediately preceding FY = 4 cents

The current FY = 3 cents