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Latest Forum Topics / COSCO SHP SG    Last:0.134 --  Post Reply
CoscoCorp
taybc1071
Senior
23-Dec-2008 13:21     
 
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 Alert Admin 		52 wks low 0.60. Will it goes down to this level?

Farmer      ( Date: 23-Dec-2008 11:32) Posted:

So it's sell when profit and buy at discount huh? Good move. What's the 52 wks low?

hotstock      ( Date: 23-Dec-2008 08:44) Posted:



I have already disposed my position when it hits 1.1 to 1.15 level. I am waitin to buy at 70c. Be patient it is coming.
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Farmer
Master
23-Dec-2008 11:32     
 
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 Alert Admin 		So it's sell when profit and buy at discount huh? Good move. What's the 52 wks low?

hotstock      ( Date: 23-Dec-2008 08:44) Posted:



I have already disposed my position when it hits 1.1 to 1.15 level. I am waitin to buy at 70c. Be patient it is coming.
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hotstock
Veteran
23-Dec-2008 08:44     
 
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 Alert Admin

I have already disposed my position when it hits 1.1 to 1.15 level. I am waitin to buy at 70c. Be patient it is coming.
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tanglinboy
Elite
20-Dec-2008 15:30     
 
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 Alert Admin 		Shipping industry not doing well in this environment. 
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Farmer
Master
19-Dec-2008 10:07     
 
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 Alert Admin 		Hey! What are u actually suggesting? I mean do u buy or sell or hold now?

hotstock      ( Date: 19-Dec-2008 09:03) Posted:



In this kind of market today, there is no FA or TA. Behavioural Analysis rules. Also the STI is a leading indicator over the real economy by 4 to 6 months and hence it is unlikely for the market to trend higher. This put tremendous pressure on component stock.

 

With cosco anything is possible. Did you ever though it shot above $7? do you ever thought it shot down to 60+ cents with no resistance?

 
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crimson
Senior
19-Dec-2008 09:57     
 
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 Alert Admin 		Movie? Think sure will... in a couple of years... and they may consider casting you as the resident shortist who brought down the entire market SmileySmileySmileySmileySmileySmiley

nickyng      ( Date: 19-Dec-2008 09:34) Posted:



hmm...6mths back...most stocks are 100% higher than their current price now...wow....wat a huge diff !! :P whoever say Crude Oil will never go back to <US$40 har? even with inflation taken into account? it is happening now!! NEVER SAY NEVER ! haha....i thk the entire Earth's financial system is collapsing ! gee..how come never a movie on this SCENARIO ???!  :P

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nickyng
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19-Dec-2008 09:34     
 
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hmm...6mths back...most stocks are 100% higher than their current price now...wow....wat a huge diff !! :P whoever say Crude Oil will never go back to <US$40 har? even with inflation taken into account? it is happening now!! NEVER SAY NEVER ! haha....i thk the entire Earth's financial system is collapsing ! gee..how come never a movie on this SCENARIO ???!  :P
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hotstock
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19-Dec-2008 09:03     
 
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 Alert Admin

In this kind of market today, there is no FA or TA. Behavioural Analysis rules. Also the STI is a leading indicator over the real economy by 4 to 6 months and hence it is unlikely for the market to trend higher. This put tremendous pressure on component stock.

 

With cosco anything is possible. Did you ever though it shot above $7? do you ever thought it shot down to 60+ cents with no resistance?

 
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freeme
Elite
18-Dec-2008 17:36     
 
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 Alert Admin 		If dun talk abt FA, currently its trading range will be from 0.9-1.2. Even if they are able to break 0.9, 0.7 is quite difficult to rch.U can count yourself lucky if it really hit 0.7 again. 

hotstock      ( Date: 18-Dec-2008 17:31) Posted:



I base on the following news feed:

1. Cosco parent is expected to cancel some orders due to excessive capacity

2. Chinese economy will slow significantly in 2009.

3. No order being announce so far

4. Past earning could not be sustained and this creates big earning disappointment from Jan 09 reporting.
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hotstock
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18-Dec-2008 17:31     
 
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 Alert Admin

I base on the following news feed:

1. Cosco parent is expected to cancel some orders due to excessive capacity

2. Chinese economy will slow significantly in 2009.

3. No order being announce so far

4. Past earning could not be sustained and this creates big earning disappointment from Jan 09 reporting.
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crimson
Senior
18-Dec-2008 14:04     
 
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 Alert Admin 		Wat makes you opine that it will drop down to .70?

hotstock      ( Date: 18-Dec-2008 13:25) Posted:

I think the problem happens with the network connectivity problem encountered yesterday between broker and SGX. Nevertheless I am of the opinion for Cosco to go down to 70c level.
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hotstock
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18-Dec-2008 13:25     
 
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 Alert Admin 		I think the problem happens with the network connectivity problem encountered yesterday between broker and SGX. Nevertheless I am of the opinion for Cosco to go down to 70c level.
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hotstock
Veteran
17-Dec-2008 16:46     
 
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 Alert Admin 		Happens to see it from poems. It does not affect the transaction volume as it seems. Large orders being chunk out and trade summary does not reflect that as well. It has since stopped. I was a bit puzzled too..
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crimson
Senior
17-Dec-2008 16:18     
 
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 Alert Admin 		Any idea how does this transaction takes place in the back ground without going thru the usually buy/sell queue?

hotstock      ( Date: 17-Dec-2008 15:31) Posted:



Look at the trade history after 15:00. So many of large chunk of 1000+ lots changed hands on the background..... that pushes it down to 98c. Is this going to be more sell down soon as it happens before
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hotstock
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17-Dec-2008 15:31     
 
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Look at the trade history after 15:00. So many of large chunk of 1000+ lots changed hands on the background..... that pushes it down to 98c. Is this going to be more sell down soon as it happens before
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dcang84
Veteran
17-Dec-2008 10:09     
 
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 Alert Admin

The bad news from this counter has started to flow with cancellations from shipbuilding  and derivatives losses. Not sure how much more bad news to come but will stay alert and nimble if vested.

 
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rage11
Member
17-Dec-2008 10:02     
 
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 Alert Admin 		I thought so too, but not so sure what price to buy in for now.
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Laulan
Master
17-Dec-2008 09:44     
 
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 Alert Admin 		Dis is really favourite for me.  Buy sell buy sell  always made money for me.  Thks for those who recommended dis to trade.
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freeme
Elite
16-Dec-2008 16:50     
 
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 Alert Admin

They are able to hold maybe bec of possible good news fr fed. If fed disappoint the mkt, then the effect of selling will come.



crimson      ( Date: 16-Dec-2008 16:18) Posted:

Any experts able to advise whether (and how) this will affect the price in singapore?

Cause today didn't see any major sell down...



dcang84      ( Date: 16-Dec-2008 15:37) Posted:

Cosco shares fall after $577 million derivative loss

Chinese shipper says losses related to 'dramatic' decline in Baltic Dry Index

By Chris Oliver, MarketWatch
Last update: 12:17 a.m. EST Dec. 16, 2008
HONG KONG (MarketWatch) -- China Cosco Holdings Co., one of the mainland's largest shipping and cargo operators, said Tuesday it has incurred losses of 3.95 billion yuan ($577 million) from misplaced bets on the direction of bulk-shipping rates.
Chart of HK:1919
Cosco's shares traded lower on the news, with those in Hong Kong (HK:1919: news, chart, profile) falling 2.8%, while those in Shanghai fell 7.2%.
The Beijing-headquartered and state-owned shipping line said its dry-bulk unit purchased freight forward agreements linked to the Baltic Dry Index to lock in the cost of chartered-in vessels. These contracts, purchased when the index averaged 7,123 points, racked up huge losses as freight rates plunged, hitting 764 on Dec. 12. The freight rate has averaged 1,224 since Oct. 1.
"The global economic crisis further deteriorated since the fourth quarter, which has greatly affected the global shipping market," China Cosco said in a statement filed with the Hong Kong Exchanges & Clearing Tuesday. "The basic freight level of major shipping routes has declined dramatically."
Shippers and ship owners use freight-forward agreements, a type of option traded on the Baltic exchange, to hedge against price changes in the ocean freight market. The options are priced on the basis of the Baltic Dry Index, which reflects the spot rates of the global bulk shipping market.
The index ended at 803 Monday, compared to a record close of 11,793 on May 20.
China Cosco said it had a fair-value loss of 5.38 billion yuan on the freight forward agreements, but it was partly offset by a 1.43 billion yuan gain related to contracts that have been completed.
The shipping line said its business has also been hurt by falling demand and softer rates in its container-shipping business.
China Cosco, founded in 1961, operates a fleet of container cargo and dry-bulk ships. The company also provides port handling and logistics services. End of Story


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hotstock
Veteran
16-Dec-2008 16:48     
 
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 Alert Admin 		I am not sure if this could translate more order cancellation or postponement as Cosco's parent is also her customer.
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