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Quote:

Originally Posted by Kong Ming

A stock which commanded price due to its popularity in wide variety of business only not in term of its earning per share or earning growth.. No much fundemental. the stocks would not sell for 1.00 if in time of liquidation.

This stocks very much like Yang zi jiang shipyard. Big in Capital only, Using missle to attack mosquito. or buiding vessels in the air to mesmerised unknowing investors.

Anyway stock market has no much logic or sanity.

My advise to them is to keep to thier area of expertise. "Roti prata business also want to do". how to beat the roti prata seller in Jalan Kayu in terms of quality, earning per share growth etc.

...wow Kong min very apt reply I sold out Cosco.

Cosco unlikley to outperform and price will continue to languish under the threat of cancellation of contracts,better to switch any idea..marginal profit or loss is still better than holding and tying up your $$$,wad do U think?
So many or naerly all brokerages recommend sell....suspect if contracts continue to be cancelled in coming months Cosco may be in trouble..its parents China Cosco is in the red now.

What's on the table
Crude tanker shipping update - Look for better days in 2010
Crude tanker shipping rates have fallen significantly over the past six months, dragged down by the fall in demand for crude oil, lower OPEC production and a rise in tanker capacity. Rates are likely to be lacklustre in 2H09 as OPEC production increases are offset by higher newbuilding deliveries and vessels released from storage charters. This underpins our UNDERWEIGHT call on the sector. However, rates could rise in 2010-11, thanks to the recovery of the global economy, coupled with single-hull scrapping and newbuilding order cancellations. We maintain our UNDERPERFORM recommendation for MISC (TP: RM7) because of flat earnings growth in FY10 and expensive valuations. The stock is likely to underperform the rally as investors may focus on more attractive recovery stories. [ PDF

Quote:

Originally Posted by Kong Ming

A stock which commanded price due to its popularity in wide variety of business only not in term of its earning per share or earning growth.. No much fundemental. the stocks would not sell for 1.00 if in time of liquidation.

This stocks very much like Yang zi jiang shipyard. Big in Capital only, Using missle to attack mosquito. or buiding vessels in the air to mesmerised unknowing investors.

Anyway stock market has no much logic or sanity.

My advise to them is to keep to thier area of expertise. "Roti prata business also want to do". how to beat the roti prata seller in Jalan Kayu in terms of quality, earning per share growth etc.

...wow Kong min very apt reply I sold out Cosco.

Cosco unlikley to outperform and price will continue to languish under the threat of cancellation of contracts,better to switch any idea..marginal profit or loss is still better than holding and tying up your $$$,wad do U think?
So many or naerly all brokerages recommend sell....suspect if contracts continue to be cancelled in coming months Cosco may be in trouble..its parents China Cosco is in the red now.

What's on the table
Crude tanker shipping update - Look for better days in 2010
Crude tanker shipping rates have fallen significantly over the past six months, dragged down by the fall in demand for crude oil, lower OPEC production and a rise in tanker capacity. Rates are likely to be lacklustre in 2H09 as OPEC production increases are offset by higher newbuilding deliveries and vessels released from storage charters. This underpins our UNDERWEIGHT call on the sector. However, rates could rise in 2010-11, thanks to the recovery of the global economy, coupled with single-hull scrapping and newbuilding order cancellations. We maintain our UNDERPERFORM recommendation for MISC (TP: RM7) because of flat earnings growth in FY10 and expensive valuations. The stock is likely to underperform the rally as investors may focus on more attractive recovery stories. [ PDF