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There is 11 members sit in the Board. Seldom see other Co. with such a strong group !
orangejuice01 ( Date: 02-Aug-2013 10:06) Posted:
Hello Rosesyrup,
Great to hear someone like yourself who has the Visions and able to Chart the future for a " corporate enterprise" .
Ask those Directors sitting on the board why should not they done it decade ago....Would rather see people like you sit on the board than.....
Lost investment money and feel very sore every time when the blame games were pointing to mechanical, tracks, workers, inter-agency etc. except those that are charged with overseeing and directing the strategic vision and mission of the corp.
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Bro at COSCO forum paging you.............
ace333 ( Date: 02-Aug-2013 01:25) Posted:
I relac jack.......as the DJ cont to move up.....I becoming more cautious
Gold916 ( Date: 02-Aug-2013 01:23) Posted:
| U si ki toh tor!!whole day Mia...ur pager beeping n u no response...Hahahah |
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Have you all paged Bro Ace333 !!?
Peter_Pan ( Date: 02-Aug-2013 09:22) Posted:
| UNDERPERFORM - TP S$0.46 - CIMB
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You must be heavily vested in this counter! LOL
Hawkeye ( Date: 01-Aug-2013 23:57) Posted:
Within expectation. Next year you see the rise in profit.
It is better than Vard who is loosing and expect its Yard in Vietnam and Brazil to eat it alive. Yangzijiang good profit but not enough orders. So Cosco still the cheapest good Shipping counter and Cosco had not failed as expected.
WanSiTong ( Date: 01-Aug-2013 23:10) Posted:
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Wa, Jim Rogers number 2 ! 
Simpsons ( Date: 01-Aug-2013 23:03) Posted:
Equities generally is still cheap and other than blue chips..not many 2nd liners stocks so hopefully vard with ita fundamental can go up to $1..then $1.5..then..$2...then $2.5..then $3...
I intend to leave the shares for children and children's children..lol |
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Net profit after Tax for 2nd qtr ended 30/6/13 dropped 61% ( from $48.5m same period last yr to $18.9m)
Net profit after Tax for 1st half ended 30/6/13 dropped 64% (from $94.9m same period last yr to $34.4m)
Overall, the Group continues to expect even more difficult and challenging business and operating conditions in 2013.
http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementToday& F=884741& fileId=COSCO_Q22013.pdf
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Agreed with you, Bro.
With sound fundamentals, " you know I know" this counter will definitely rise back one fine day.
Cheers !!
SFGuyRuleZ ( Date: 01-Aug-2013 22:10) Posted:
I definitely don't just invest in this counter. But i have the capital to invest and wait for this counter. Besides, opportunity cost is provided you can confirm make money from others when you don't leave your money here. But how sure are we? Nothing is certain. I do not know about others, but I have personally discovered myself that throughout all these years, if you can hold for stocks which you see potential growth and good fundamentals, you will definitely earn much more.. I am just speaking for myself.
Cutting loss in the case of Vard would have been smarter, but no one can predict when the bleeding will stop. I personally never expected the plunge to be so big. I am not saying cutting loss is not important. During the financial crisis 2008, Keppel drop from about 10 dollars to 3 dollars. Not just Keppel but almost all stocks. Cutting loss in a market crash is of course important. But for Vard this time round, is really a 50-50 bet.
Averaging down is risky but if you believe in the fundamentals of that stock and you can afford to lose that capital in the most worse case scenario, by all means, take that leap of faith and go ahead. Averaging down for e.g, penny stocks that have no fundamentals would of course be extremely dangerous and not advisable..
Average down or cut loss, invest long-term or short-term, trade or speculate or invest, short or long, etc..., it really has to do with one's capital, time horizon, risk appetite, style, judgements,etc... Everyone should also do their own homework and don't just listen or invest blindly. Even when it comes to valuations, like what Bro Jomini said, different analysts view the company differently and may use different valuations and discount factor or PE ratio. Please trust yourself and listen to your own gut feeling and analysis.
I assume Sis Gorgeous you are not vested in this counter le. But wish you all the best in other counters. Cheers!! 
GorgeousOng ( Date: 01-Aug-2013 21:50) Posted:
If you keep holding on it....what about your opportunity cost.. You could have made a lot more from other counters. Give it a thought.
Cheers |
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Father cannot protect himself already! HOW can he protect the son !!?
Hawkeye ( Date: 01-Aug-2013 11:33) Posted:
Good Father, Cosco China give good assets to Good Son Cosco Singapore.
As you posted, Cosco Singapore still PROFIT while most others is loosing money. Why? Cosco Singapore has developed and maturing in Offshore and is giving Keppel Corp a headache.
LOL
WanSiTong ( Date: 01-Aug-2013 09:24) Posted:
Like father like son!
COSCO S'pore 1st quarter 2013 profit drop 67% from $ 46m to $15 |
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Old news!
Hawkeye ( Date: 01-Aug-2013 11:43) Posted:
Vard falls into the red
Offshore shipbuilder Vard has reported a loss of NOK44m ($7.2m) in the second quarter 2013, down from a profit of NOK278m in the same period last year.
The first half earnings stood at NOK136m, a 75% drop on 2012's NOK548m. Cashflow has also tumbled in the first half from NOK1bn in 2012 to a negative NOK277m in 2013. Cash and cash equivalents have fallen to NOK2bn on 30 June this year, down from NOK3.3bn on the same date in 2012.
Second quarter revenues at Vard have fallen 11.7% year on year to NOK2.9bn, EBITDA was also down 73% to NOK121m for the quarter from NOK460m in Q2 2012.
While the second quarter saw the delivery of eight vessels, contracts were secured for just three, with no orders signed for the group's Brazilian and Vietnamese yards. The group's orderbook stands at 41 vessels as at 30 June 2013, with a total value of NOK13bn.
Vard's Brazilian yard, Vard Niterói, continues to suffer from high personnel turnover, delays, budget overruns and a dependency on outsourced hull construction. The company expects that the overload situation at the yard will be reduced from the fourth quarter of this year as a result of mitigating actions currently underway.
Vard Promar, the group's other Brazilian yard, has commenced operations on schedule, cutting its first steel in June 2013. Construction of the yard is expected to be completed in the third quarter of this year.
The problems in Brazil are isolated from the rest of the group, with Romania enjoying a high workload and Norway delivering several projects. Utilisation at Vietnam is suffering however, as the yard recently delivered the penultimate vessel in its orderbook.
Looking foward the company is upbeat about new contract potential for the second half of the year, expecting fewer orders for higher value vessels. A focus will be put on securing new orders for the Vietnam yard, as well as managing the high workload in Romania.
© Copyright 2013 Seatrade Communications Limited. Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade Communications Limited.
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Your one old news!
WanSiTong ( Date: 24-Jul-2013 09:36) Posted:
July 23, 2013
Fincantieri Triples First Half 2013 Operating Results
Strong Growth Thanks to Acquisition of VARD
By MarEx
The Board of Directors of Fincantieri met today, July 23, 2013 to examine the Group's performance in the first half of 2013:
On 23 January, Fincantieri completed the acquisition of a controlling interest (50.75%) in STX OSV (now renamed Vard), and raised its stake to 55.63% after the completion of the mandatory tender offer made under the rules of the Singapore Stock Exchange. Vard is the world leader in the construction of support vessels for oil and gas extraction and production. The acquisition is part of the strategy to diversify and internationalize the Group’s operations toward businesses and geographical areas with higher growth and profitability prospects. This acquisition doubles the Group's size to some euro 4 billion in annual revenues and approximately 20,000 employees, in 21 shipyards located in 3 different continents, and allows the Group to positionitself as leader in all the high value-added and high-potential segments of the shipbuilding industry.
The first half of 2013 reports an EBIT of euro 101 million (euro 34 million at 30.06.2012), an EBITDA of euro 137 million (euro 68 million at 30.06.2012) and revenues of euro 1,934 million (euro 1,233 million at 30.06.2012). These positive operating results have been obtained in a market environment that remains challenging despite some initial signs of recovery, and have benefited from the first-time consolidation of the Vard group effective from 23 January 2013.
heavenknow ( Date: 24-Jul-2013 00:09) Posted:
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This is the latest news! your one is ols news which posted on 2 or 11 of July.
WanSiTong ( Date: 24-Jul-2013 09:38) Posted:
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The Board of Directors of Fincantieri met today, July 23, 2013 to examine the Group's performance in the first half of 2013:
On 23 January, Fincantieri completed the acquisition of a controlling interest (50.75%) in STX OSV (now renamed Vard), and raised its stake to 55.63% after the completion of the mandatory tender offer made under the rules of the Singapore Stock Exchange. Vard is the world leader in the construction of support vessels for oil and gas extraction and production. The acquisition is part of the strategy to diversify and internationalize the Group’s operations toward businesses and geographical areas with higher growth and profitability prospects. This acquisition doubles the Group's size to some euro 4 billion in annual revenues and approximately 20,000 employees, in 21 shipyards located in 3 different continents, and allows the Group to positionitself as leader in all the high value-added and high-potential segments of the shipbuilding industry.
The first half of 2013 reports an EBIT of euro 101 million (euro 34 million at 30.06.2012), an EBITDA of euro 137 million (euro 68 million at 30.06.2012) and revenues of euro 1,934 million (euro 1,233 million at 30.06.2012). These positive operating results have been obtained in a market environment that remains challenging despite some initial signs of recovery, and have benefited from the first-time consolidation of the Vard group effective from 23 January 2013. |
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Wa ! the CEO is so nice that he use his personal assets as a security of the loan of Yzj !
Hawkeye ( Date: 01-Aug-2013 09:09) Posted:
If you do a simple calculation, they are pleadging 372.80 million share for a 150million dollars of loan that come up to about 0.402cts per share only.
Hawkeye ( Date: 01-Aug-2013 08:50) Posted:
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Yangzijiang secures financing
China’s large privately-owned shipbuilder Jiangsu Yangzijiang Shipbuilding announced on July 29 through a regulatory filing that the company had secured a security loan worth $150m in total from the China Development Bank.
Of which, the term of $100m loan is one year with the rest $50m having a 3-year maturity.
Moreover, the Chinese builder said that it would sign an additional loan contract with the state-owned bank for another $100m with one-year maturity on equal terms after the initial $100m loan goes matured.
New Yard is planning to offer 372.80m company shares (equating to 9.73% of company’s total stakes issued) as a security of the loan for Yangzijiang.
New Yard is registered in The British Virgin Islands, owned by Ren Yuanlin, CEO of Yangzijiang Shipbuilding.
Published : July 31, 2013
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Still too early to say ! Huat arh !
Aberdeen123 ( Date: 01-Aug-2013 10:13) Posted:
Down 19c.... a loss?
Wait for $4.00 wld be better choice with poor market sentiment looming. |
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Another one coming soon........... Final divided to be announced on 12/10 (last yr : 17 cents)
The extra 18 cents is expected to bump up SPH's current financial year 's dividend yield from 5.6% to 9.9% ...DMG (The Straits Toimes 11/7/13)
Huat arrh..........
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Like father like son!
COSCO S'pore 1st quarter 2013 profit drop 67% from $ 46m to $15m
Hawkeye ( Date: 01-Aug-2013 08:43) Posted:
They have nothing to do with Cosco Singapore. When they do well it will do Cosco Singapore well by ordering ships. We are lucky to have Cosco Singapore which is very profitable compare with the other ship builders. Cosco Singapore are having profit and never come to lost due to Cosco Singapore are primarily ShipBuilding and Offshore structures. Cosco Singapore are having the most contract in Offshore Structures. All these news are misleading investors.
WanSiTong ( Date: 31-Jul-2013 22:51) Posted:
China COSCO seen selling property assets to avoid delisting: Reuters
China's largest bulk shipper, China COSCO Holdings Co Ltd , may sell some of its $1.6 billion in property assets to avoid a delisting after it flagged a first-half loss, weighed down by a global shipping industry slump.
The state-controlled company has posted losses for two consecutive years, and a third year would trigger delisting from
the Shanghai stock exchange.
COSCO announced in March that it was selling its logistics unit to try to return to profitability, yet on Monday it said it expects to post a first-half loss. The loss will likely be 70 to 85 percent smaller than a year earlier, but that may not be enough to assure a profitable year.
Analysts said the company may need to sell more assets, most likely its office buildings, to stay in the black in 2013.
" It's fairly difficult for the company to have a full-year turnaround with just earnings from its core businesses, so continuous disposal of its assets is the way to go," said Lawrence Li, an analyst with UOB Kay Hian in Shanghai.
COSCO's properties were valued at about 10 billion yuan ($1.6 billion) in 2012, according to Barclays analyst Jon Windham.
The company declined to comment on whether it planned to offload property assets.
The Chinese shipping industry has long suffered from overcapacity and shrinking orders amid a global shipping downturn. China's largest private shipbuilder, China Rongsheng Heavy Industries Group, became the latest casualty earlier this month when it sought financial help from the Chinese government.
SHEDDING ASSETS TO STAY AFLOAT
Companies across the sector have been selling off assets under liquidity pressure as banks have tightened lending to the troubled industry.
" Getting rid of loss-making businesses, getting rid of non-core competency businesses, as well as selling those that can generate good profit relative to bookholding value - we have seen quite a few examples," said Timothy Ross, head of Asia-Pacific transport research at Credit Suisse in Singapore.
In 2012, China Shipping Container Lines sold a fifth of its container fleet to raise cash, while Danish oil and shipping group A.P. Moller-Maersk sold some of its handysize tankers to release capital for future investments.
CMA CGM, the world's third-largest container shipper, sold a majority stake in its terminal business in January to boost finances as the group emerges from a turbulent three years in a volatile global freight market.
" These guys (shipping companies) have gone through very tough years in five out of the past six years, which has put a lot of pressure on their P& Ls and balance sheets," said Ross.
Earlier this month, COSCO Group, parent of COSCO Holdings, replaced its chairman, Wei Jiafu, a prominent figure in the shipping industry who was known as Captain Wei.
Shares in COSCO Holdings were down 3 percent in afternoon trading on Wednesday and have fallen 14.5 percent so far this
year, compared with a 3.1 percent drop in the benchmark Hang Seng Index. |
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Tempest ( Date: 01-Aug-2013 09:06) Posted:
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China COSCO seen selling property assets to avoid delisting: Reuters
China's largest bulk shipper, China COSCO Holdings Co Ltd , may sell some of its $1.6 billion in property assets to avoid a delisting after it flagged a first-half loss, weighed down by a global shipping industry slump.
The state-controlled company has posted losses for two consecutive years, and a third year would trigger delisting from
the Shanghai stock exchange.
COSCO announced in March that it was selling its logistics unit to try to return to profitability, yet on Monday it said it expects to post a first-half loss. The loss will likely be 70 to 85 percent smaller than a year earlier, but that may not be enough to assure a profitable year.
Analysts said the company may need to sell more assets, most likely its office buildings, to stay in the black in 2013.
" It's fairly difficult for the company to have a full-year turnaround with just earnings from its core businesses, so continuous disposal of its assets is the way to go," said Lawrence Li, an analyst with UOB Kay Hian in Shanghai.
COSCO's properties were valued at about 10 billion yuan ($1.6 billion) in 2012, according to Barclays analyst Jon Windham.
The company declined to comment on whether it planned to offload property assets.
The Chinese shipping industry has long suffered from overcapacity and shrinking orders amid a global shipping downturn. China's largest private shipbuilder, China Rongsheng Heavy Industries Group, became the latest casualty earlier this month when it sought financial help from the Chinese government.
SHEDDING ASSETS TO STAY AFLOAT
Companies across the sector have been selling off assets under liquidity pressure as banks have tightened lending to the troubled industry.
" Getting rid of loss-making businesses, getting rid of non-core competency businesses, as well as selling those that can generate good profit relative to bookholding value - we have seen quite a few examples," said Timothy Ross, head of Asia-Pacific transport research at Credit Suisse in Singapore.
In 2012, China Shipping Container Lines sold a fifth of its container fleet to raise cash, while Danish oil and shipping group A.P. Moller-Maersk sold some of its handysize tankers to release capital for future investments.
CMA CGM, the world's third-largest container shipper, sold a majority stake in its terminal business in January to boost finances as the group emerges from a turbulent three years in a volatile global freight market.
" These guys (shipping companies) have gone through very tough years in five out of the past six years, which has put a lot of pressure on their P& Ls and balance sheets," said Ross.
Earlier this month, COSCO Group, parent of COSCO Holdings, replaced its chairman, Wei Jiafu, a prominent figure in the shipping industry who was known as Captain Wei.
Shares in COSCO Holdings were down 3 percent in afternoon trading on Wednesday and have fallen 14.5 percent so far this
year, compared with a 3.1 percent drop in the benchmark Hang Seng Index.
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Midas has been issuing Profit Guidance (PG) quarterly since 3rd qtr ended 30 Sept 2011. Hopefully they will stop issuing PG anymore from this qtr! Huat ar !
NOTICE OF BOARD MEETING
The board of directors (the “Board”) of Midas Holdings Limited (the “Company”) hereby announces that a meeting of the Board of the Company will be held on Wednesday, 14 August 2013 at 9:30 a.m. at which the Board will, among other matters, consider and approve the unaudited consolidated interim results of the Company and its subsidiaries for the six months ended 30 June 2013 and its publication on the websites of the Singapore Exchange Securities Trading Limited and The Stock Exchange of Hong Kong Limited and consider the payment of an interim dividend, if any.
On behalf of the Board
Midas Holdings Limited
Chew Hwa Kwang, Patrick
Executive Director and
Chief Executive Officer
Hong Kong, 31 July 2013
http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementLast3MonthsByCompanyNameAndCategory& F=884599& fileId=MidasHoldings_NoticeOfBoardMeeting_2Q2013-E.pdf
Peter_Pan ( Date: 31-Jul-2013 18:20) Posted:
| The management is considering paying interim dividend. So i suspect the earnings must have improved. Anyway, like i said downside risk 0.46, upside risk 0.60. |
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The REIT could be the holdings Co of the SB Construction. Yet to confirm.
WanSiTong ( Date: 31-Jul-2013 15:51) Posted:
Info.there is quite limited, just can't figure out why? And what is the relationship between the 2 Cos?
librajet ( Date: 31-Jul-2013 15:42) Posted:
| bro Wan, have u read it?? whats yr view??? will they push up to make the reits attractive?? |
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Info.there is quite limited, just can't figure out why? And what is the relationship between the 2 Cos?
librajet ( Date: 31-Jul-2013 15:42) Posted:
bro Wan, have u read it?? whats yr view??? will they push up to make the reits attractive???
librajet ( Date: 31-Jul-2013 15:01) Posted:
| bro, go to Soilbuild forum and read, tk |
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