Latest Forum Topics / COSCO SHP SG Last:0.134 -- | Post Reply |
CoscoCorp
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ozone2002
Supreme |
06-Apr-2011 23:06
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20x PE is SUPER EXPENSIVE!!!!!!!  advised to SELLL!!!!! |
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shadowmoon
Veteran |
06-Apr-2011 22:53
Yells: "Henshin" |
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Credit Suisse says COSCO is 'most expensive shipbuilder globally' FOLLOWING ON COSCO’s letter of intent to build two semisubmersible rigs for Sevan Drilling, Credit Suisse has now raised questions on the attractiveness of the deal for the shipbuilder. Credit Suisse said that based on Sevan Drilling’s investor presentation published on 3 April, the cost of hull and equipment of US$459 mn for two semisubmersible rigs is 20% lower than the Sevan Brasil rig under construction. Hence, the profitability of this project for Cosco would be even lower than current contracts despite improved execution from the repeat order. Furthermore, the back-end loaded payment structure of 20% payable on signing of firm contract and 80% at delivery means that the financing cost would be borne by Cosco, noted Credit Suisse. There is a further unattractive feature: The signing of final contracts is subject to the listing of Sevan Drilling, and is expected by the end of May 2011. The two newbuild rigs ordered are speculative and do not have contract coverage upon delivery. Options for two additional drilling units expiring in 1Q12 and 3Q12 have a similar price and payment structure, leaving little margin upside even if exercised. Credit Suisse said it maintained its UNDERPERFORM rating and target price of S$1.60 for Cosco. Another unfavourable comment from Credit Suisse was: “On 2011E P/E of 20x, Cosco remains the most expensive shipbuilder globally despite its poor execution track record.” |
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stocksburntme
Veteran |
05-Apr-2011 09:54
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profit taking today. looks like no action for today | ||||
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tiancai007
Master |
04-Apr-2011 21:08
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Tomorrow profit taking?? | ||||
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chris168
Senior |
04-Apr-2011 16:40
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I don't do CFD la. I got no time to monitor. See, morning  then now .... I don't know what happen in between .... But it suits me. Not getting too intimate with the market has its advantages too.
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chris168
Senior |
04-Apr-2011 16:30
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Something brewing .... new contract? Yeah excitement it is. |
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Isolator
Supreme |
04-Apr-2011 16:09
Yells: "STI is hard landing to below 2000..." |
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Cosco is in uptrend... But price move up and down.... | ||||
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rickyw
Master |
04-Apr-2011 15:47
Yells: "keep happy..." |
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All cash or CFD?
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tiancai007
Master |
04-Apr-2011 15:42
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Can short now??? | ||||
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stocksburntme
Veteran |
04-Apr-2011 12:08
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Pacman is here! |
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stocksburntme
Veteran |
04-Apr-2011 10:35
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will we see 2.2 soon? | ||||
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des_khor
Supreme |
04-Apr-2011 10:18
Yells: "Tell me who is the God or MFT from this forum??" |
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Tee Kong Po Pi for those short !! Congrats to those Long !! | ||||
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chris168
Senior |
04-Apr-2011 09:54
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YES!! Sold 50lots bought 1.82. What a good ride. Still hold 30lots for a bit of excitement?! Cosco ROCKS!!   |
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samson
Veteran |
04-Apr-2011 09:21
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Yes Cosco go up 2.11 , next TP $ 2.15 --suport 2/08 |
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stocksburntme
Veteran |
01-Apr-2011 15:41
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pacman is here. Chomp chomp chomp | ||||
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goldenpiggy
Senior |
01-Apr-2011 15:14
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wow.. 1013 lots at 2.06 taken up by one swipe...... good. | ||||
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marubozu1688
Veteran |
31-Mar-2011 22:14
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COSCO is testing 50D MA. May pull back in the short term. http://mystocksinvesting.com/singapore-stocks/cosco-corp/cosco-testing-50d-ma-resistance/ |
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stocksburntme
Veteran |
31-Mar-2011 16:18
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is it still on uptrend?  | ||||
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seanpent
Elite |
31-Mar-2011 15:08
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creeping up steadily too
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goldenpiggy
Senior |
31-Mar-2011 15:06
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I did. | ||||
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