Latest Forum Topics / COSCO SHP SG Last:0.134 -- | Post Reply |
CoscoCorp
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RachelG
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01-Aug-2011 16:58
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If the result is bad, i am gonna quit S-chip for the rest of my life. Obvious insider trading. Better be good |
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Noob79
Master |
01-Aug-2011 16:55
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  Better offload some... i think will rebound but maybe few days later... this sickening boat is sinking.. keeping going to lower low and is resisted by 20MA...can even go up to it...i lose a lot ...buay tahan...
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Bintang
Elite |
01-Aug-2011 16:54
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Hi , If u are mentioning Genting SP , then the strong resistance would be at $2.05 . Further TA would let u know later . Bintang .
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eplepl
Master |
01-Aug-2011 16:52
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for a moment, i really think u are managing cosco leh.... are u working in shipping industry ? so confident....
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rotijai
Supreme |
01-Aug-2011 16:49
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master bintang, i know this is irrelevant to this thread.. can shed some light on gsp please? thanks
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Bintang
Elite |
01-Aug-2011 16:45
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It would be worst if  there is a gap down tomorrow .
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Isolator
Supreme |
01-Aug-2011 16:43
Yells: "STI is hard landing to below 2000..." |
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With such a selldown, many already scare.... scare the result will be very bad....  Sidelines.... Only people like me will dare to hold on.... Bear in mind, BB, FM are know the strength of channel support..... |
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wisann
Senior |
01-Aug-2011 16:43
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Cosco Corp (Singapore) fell to a low of S$1.71 this morning and is now hovering around S$1.725, which is 3.1% down compared to yesterday’s close. The stock is also among the top 5 in terms of volume today. Cosco is announcing its 2Q11 results this evening, and the weak price performance may be due to expectations of a set of weaker-than-expected results. Recall that Cosco reported a set of disappointing results in 1Q11, leading to a cut in earnings estimates across the board. Consensus is now looking at revenue of S$4.36b and net profit of S$258m for FY11. On the other hand, should the group’s earnings surprise on the upside this evening, the stock may see a recovery in tomorrow’s session. The weak price performance today could also be due to a Thomson Reuters report: Singapore Hot Stocks-COSCO falls on concerns of slowing dry bulk orders Published: Sunday, 31 Jul 2011 | 11:02 PM ET SINGAPORE, Aug 1 (Reuters) - Shares of Singapore-listed Chinese shipbuilder COSCO Corp fell as much as 3.9 percent on Monday ahead of its earnings announcement amid concerns that orders for its dry bulk carriers will be hurt by slowing global trade. At 0232 GMT, COSCO shares were 3.4 percent lower at S$1.72 with over 26.2 million shares changing hands. This was 1.7 times its average daily turnover since the start of the year. " The Baltic rates have been dropping, which will hurt COSCO to some extent as it charters a fleet of dry bulks, on top of building them," said a local trader. The Baltic Dry Index, which tracks rates to ship dry commodities, fell to its lowest level in three months as slow freight business and growing vessel supply took their toll. COSCO will report its earnings for the three months ended June later on Monday after trading hours. " Prospects for the shipping industry are looking dim, and with China tightening credit, the availability to get financing for building ships would be tighter as well," said another dealer. We do not have a rating on Cosco Corp. There are currently 6 BUYs, 5 HOLDs, and 7 SELLs on the stock, with a consensus target price of S$2.04. |
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goldenpiggy
Senior |
01-Aug-2011 16:39
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So why aren't the shorties covering if the results will be good later?
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Bintang
Elite |
01-Aug-2011 16:39
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Touching the resistance , very fast it retreated .
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Isolator
Supreme |
01-Aug-2011 16:37
Yells: "STI is hard landing to below 2000..." |
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I love the channel support......  The rebound will be very impressive as usual.... It mean the result should be good later on.... |
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goldenpiggy
Senior |
01-Aug-2011 16:33
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doesn't look good....
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Isolator
Supreme |
01-Aug-2011 16:21
Yells: "STI is hard landing to below 2000..." |
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Bear in mind, in downtrend it can still go higher... Question is how high and how low.... Dont underestimate the channel support.... It has found it.....
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Noob79
Master |
01-Aug-2011 16:21
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If can't close at 1.71 or above...i think it will drop somemore... | ||||
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goldenpiggy
Senior |
01-Aug-2011 16:20
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Then don't you think the shorties will rush to cover back??  We will find out later...  :)
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Isolator
Supreme |
01-Aug-2011 16:19
Yells: "STI is hard landing to below 2000..." |
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Look carefully on the movement.... Cosco was intentional surpress.....  by shorting.... Dont be surprise that the tonight result will be very good....  |
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Bintang
Elite |
01-Aug-2011 16:19
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Breaking support with very heavy volume , that would confirm the downtrend .
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Bintang
Elite |
01-Aug-2011 16:15
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Weekly ADX is rising from 20 while DIs are negatively crossed , Cosco has more room to go down .
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Isolator
Supreme |
01-Aug-2011 16:14
Yells: "STI is hard landing to below 2000..." |
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All those still holding Cosco will be pull up together......... I really worry for those shorties who short late..... | ||||
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forgot2bme
Senior |
01-Aug-2011 16:10
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Please give me a lift too.. Hahaha.. Cmon.. CHEONG AHHHHH....
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