Latest Forum Topics /
COSCO SHP SG
Last:0.138
+0.001
|
 Post Reply
|
|
Sell with fair value S$1.03
|
|||
|
samsonite
Member |
02-Nov-2011 20:35
|
||
|
x 0
x 0 Alert Admin |
Yap, almost all shipbuilders will likely be posting profit decline(except baker tech that just posted profit increase today). NOL even made a huge loss of 82 million yet its share prices still went up today. So the price plunge of late and downgrades would have factored in the expected profit decline. | ||
| Useful To Me Not Useful To Me | |||
|
Hawkeye
Veteran |
02-Nov-2011 19:14
|
||
|
x 0
x 0 Alert Admin |
Result at this time considered satisfactory, only drop 42% profit, still expect dividend. Korean Shipyard profit drop about the same 42% (Daewoo and Samsung) Cosco China loss S325.0 million CSBC (Taiwan) drop 68% to NT$223.73mln Yang Ming loss $90million NOL loss $91million K Line loss $242 million
|
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
ruanlai
Master |
02-Nov-2011 18:34
|
||
|
x 0
x 0 Alert Admin |
Poor result again. Qtr to qtr for 2011 and 2010 net profit down by 42% Year to date for 2011 and 2010 net progit down by 35% Sell sell sell....... |
||
| Useful To Me Not Useful To Me | |||
|
dealer0168
Elite |
05-Nov-2009 12:05
|
||
|
x 0
x 0 Alert Admin |
DBS Vickers Securities in a Nov 4 research report says: "Group sales dropped 24% y-o-y to $752 million due to lower offshore, ship-repair and shipping revenue. Key drags on results were low margins across shipping and shipyard operations, which led to the plunge in net profit by 80% y-o-y to $22 million. "Group net cash depleted rapidly from $1.2 billion as of end 2008 to a mere $0.3 billion currently. No recovery in sight till 2H2010. Uncertainties loom with execution risks and prospects of cuts in contract prices on existing orders. We cut our 2009 and 2010 earnings by 18% and 30% respectively to adjust for higher deferment/cancellations and lower margins for shipbuilding. Our target price is cut to 78 cents, (based on 15x its shiprepair/conversion earnings and 11x its shipbuilding/offshore earnings) following the earnings cut. Stock is expensive, trading at 20x FY10F, vs its peers. |
||
| Useful To Me Not Useful To Me | |||
|
Peg_li
Master |
05-Nov-2009 10:59
|
||
|
x 0
x 0 Alert Admin |
Oh! sheet!sheet!sheet! a lump sum money lost(also including NOL) both two sheet counters! will enquire CEOs of these 2 company at coming meeting!get so high salary.but the share price falling like stone.are you really working? Sheet!sheet!sheet!sheet!sheet!sheet! |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
galantico
Member |
05-Nov-2009 10:54
|
||
|
x 0
x 0 Alert Admin |
be greedy when others are fearful and be fearful when others are greedy... not vested yet but intend to enter when it hits 90c :) |
||
| Useful To Me Not Useful To Me | |||
|
ruanlai
Master |
05-Nov-2009 10:48
|
||
|
x 0
x 0 Alert Admin |
OSPL - Technical Analysis - COSCO Corp (5 Nov 09)
CHARTVIEWS For 5th November 2009 COSCO Corp - Bearish break suggests further downside Levels to Watch in Trading: Support set at S$0.92 Resistance set at S$1.10 Stock Rating: No Rating Target Px: NA Last Closing Px: S$1.07 52-week Px Range: S$0.64 - S$1.47 SGX Code: F83 BLP Code: COS SP Equity |
||
| Useful To Me Not Useful To Me | |||
|
des_khor
Supreme |
05-Nov-2009 10:07
Yells: "Tell me who is the God or MFT from this forum??" |
||
|
x 0
x 0 Alert Admin |
Gone case.... this Cosco many years back just trade below 0.20...... | ||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
JJSeng
Senior |
05-Nov-2009 09:21
|
||
|
x 0
x 0 Alert Admin |
Will become a penny stock soon | ||
| Useful To Me Not Useful To Me | |||
|
ruanlai
Master |
05-Nov-2009 09:11
|
||
|
x 0
x 0 Alert Admin |
ALL HOUSES ARE DUMPING ....... AVOID THIS FALLING KNIFE |
||
| Useful To Me Not Useful To Me | |||
|
phil1314
Senior |
04-Nov-2009 16:36
|
||
|
x 0
x 0 Alert Admin |
UOBKayHian however states COSCO Corporation (S)
|
||
| Useful To Me Not Useful To Me | |||
|
ruanlai
Master |
04-Nov-2009 13:05
|
||
|
x 0
x 0 Alert Admin |
Luckily dump at $1.11 yesterday for 500lots.....siao liao......all houses call for sell Cosco- 3Q09 review: Weak results; new-build margins unlikely to robound until 2H10 - UNDERWEIGHT ($1.10) TP $0.66 by JPM, SELL ($1.10) TP $1.05 by Citi, SELL ($1.10) TP $0.41 by DB, UNDERWEIGHT ($1.10) TP $1.00 by MS, REDUCE ($1.10) TP $0.70 by Nomura, UNDERPERFORM ($1.25) TP $0.51 by CS |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
ruanlai
Master |
04-Nov-2009 12:54
|
||
|
x 0
x 0 Alert Admin |
This is worst by CIMB: Cosco - Steep valuations - UNDERPERFORM ($1.12) TP $0.67 by CIMB |
||
| Useful To Me Not Useful To Me | |||
|
ruanlai
Master |
04-Nov-2009 09:25
|
||
|
x 0
x 0 Alert Admin |
Maintain Sell with fair value reduced from S$1.14 to S$1.03. We maintain our sell recommendation as Cosco continues to be affected by the slump in the shipping industry. Shipping companies are not placing new orders for ships and have been canceling and rescheduling their existing orders. Due to the negative outlook on Cosco, we cut our fair value from S$1.14 to S$1.03. This is a change from 2.2 to 2.1 times book value for FY2009F | ||
| Useful To Me Not Useful To Me | |||