| Latest Forum Topics / COSCO SHP SG Last:0.141 -- |
 Post Reply
|
|
CoscoCorp
|
|||||
|
ET88888
Member |
11-Apr-2008 13:36
|
||||
|
x 0
x 0 Alert Admin |
It is not too long ago that analyst said Cosco will one day surpass our Keppel Corp. Believe the sell down is more political than pure business. When the Olympic games goes smoothly, Yuan level move more favorable to US, Tibet no longer an issue, Cosco will climb back to $5 or more. | ||||
| Useful To Me Not Useful To Me | |||||
|
e-bird
Member |
11-Apr-2008 12:59
|
||||
|
x 1
x 0 Alert Admin |
i think its just all these BB's fighting amongst themselves.. | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
jennlsk
Member |
11-Apr-2008 12:39
|
||||
|
x 0
x 0 Alert Admin |
DJ MARKET TALK: Cosco Bounces Back; Mkt Overreacted-Credit Suisse (2008-04-11 02:11:00) 0211 GMT [Dow Jones] Cosco Corp. (F83.SG) recoups some of yesterday''s sharp fall as investors bet market overreacted to news of contract cancellation; share +3.5% at S$2.95 vs STI +1.1%. Credit Suisse says yesterday''s severe selloff "does not appear to be justified; we believe Cosco is heavily oversold at these levels." Says fears of massive order cancellations are misplaced; "we do not believe a wholesale meltdown of Cosco''s S$9.2 billion order book is on the cards." Reiterates Outperform call with S$4.40 target price. Stock clearly oversold on RSI, stochastic oscillator, but low traded volume suggests buying interest remains thin, investors remain cautious. Resistance tipped at yesterday''s intraday high of S$3.18. (KIG) Contact us in Singapore. 65 64154 150; MarketTalk@dowjones.com (END) Dow Jones Newswires April 10, 2008 22:11 ET (02:11 GMT) Copyright (c) 2008 Dow Jones & Company, Inc. |
||||
| Useful To Me Not Useful To Me | |||||
|
AK_Francis
Supreme |
11-Apr-2008 12:38
Yells: "Happy go lucky, cheers." |
||||
|
x 0
x 0 Alert Admin |
Will not focus on it leow, but still monitoring its trend, for future reference. I think this burger will stagnant for quite sometime unless there are new contracts and metal prices gone low. Good luck. | ||||
| Useful To Me Not Useful To Me | |||||
|
ghlau935
Veteran |
11-Apr-2008 12:34
|
||||
|
x 0
x 0 Alert Admin |
DJ MARKET TALK: BNP Paribas Cuts Cosco Target To S$4.30 From S$6
2349 GMT [Dow Jones] STOCK CALL: BNP Paribas cuts target price for Cosco (F83.SG) to S$4.30 from S$6.00 after lowering target multiple for group's engineering/newbuild arm to 20X from 30X, for shiprepair arm to 25X from 35X. Change reflects company's quality of governance, cautious investor sentiment following Norwegian firm Red Flag's cancellation of US$202 million rig hull contract; "Cosco's reporting practice leaves more to be desired in that it should not have taken close to a year for the matter to be brought to light." Adds, market will remain nervous about quality of Cosco's orderbook for a while longer. Keeps Buy call. Stock closed down 15.2% at S$2.85 yesterday. (FKH) |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
ghlau935
Veteran |
11-Apr-2008 12:31
|
||||
|
x 0
x 0 Alert Admin |
Downgraded by CITI to sell......TP $2.70 | ||||
| Useful To Me Not Useful To Me | |||||
|
ygc91285
Member |
11-Apr-2008 11:49
|
||||
|
x 0
x 0 Alert Admin |
More crappy report: 0110 GMT [Dow Jones] Recent selldown in Singapore rig and ship builders SembCorp Marine (S51.SG), Keppel Corp (BN4.SG), Cosco (F83.SG), Yangzijiang (BS6.SG) has made stocks very attractive, more so when industry fundamentals remain robust, says Macquarie; "increasing exploration in deepwater and the need to develop recent discoveries, also in deeper waters, will drive the need for high-value platforms." Says Keppel, SembMarine well positioned to capitalize on this demand. But notes Cosco''s US$202 million order cancellation may be a harbinger of more to come; "a scan of the client base of Keppel and Sembcorp Marine does not cause us concern as they comprise national oil companies and blue-chip drillers with large fleets and/or sizable track records." Suggests long positions on SembMarine and/or Keppel, short Cosco. Keeps Keppel, SembMarine at Outperform, with S$13.90, S$5.25 target prices respectively; no ratings for the rest. Cosco +1.1% at S$2.88, SembMarine off 1.4% at S$3.50, Keppel off 0.4% at S$10.10, Yangzijiang +1.1% at S$0.955. (FKH) |
||||
| Useful To Me Not Useful To Me | |||||
|
nickyng
Supreme |
11-Apr-2008 11:47
|
||||
|
x 0
x 0 Alert Admin |
...since u guys like to read crappy report..here one more...hee : SINGAPORE, April 11 - Cosco Corp rose as much as 3.2 percent to S$2.94 on Friday, with 14 million shares traded, as Credit Suisse said it expected the stock to outperform.Citi analysts had downgraded the stock to "sell" from "buy" and cut its share price target to S$2.70 from S$4.50, citing margin contraction and slowing order book momentum. For more details, double-click on [ID:nSGC001897].
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Hulumas
Supreme |
11-Apr-2008 11:07
Yells: "INVEST but not TRADE please!" |
||||
|
x 0
x 0 Alert Admin |
Dear Jackjames, Don't be surprised, nowadays it seems many financial/capital market news are wildly released ("SUKA SUKA" in their contents). What we concern is whether they are reliable, true, some hinted motive behind, or groundless at all. We should carefully analyse ourselves. Do not get trapped!!!
|
||||
| Useful To Me Not Useful To Me | |||||
|
kate_laker
Member |
11-Apr-2008 11:04
|
||||
|
x 0
x 0 Alert Admin |
ai ya, if i hold for long run, how do you think of price at 2.86? Is it a good stock for long run? |
||||
| Useful To Me Not Useful To Me | |||||
|
cyjjerry85
Elite |
11-Apr-2008 11:03
|
||||
|
x 0
x 0 Alert Admin |
jux a personal view that if u had bought yesterday at $2.80++ ...it is advisable to take some profits and lock it when they are still in the region of $2.90++...at least u have $ credited into ur bank account rather than the opposite...juz very risky playing against the big boys la | ||||
| Useful To Me Not Useful To Me | |||||
|
Capitalization
Member |
11-Apr-2008 10:45
|
||||
|
x 0
x 0 Alert Admin |
same same here...offloaded this morning!....Scarely manz....was q-ing behind 2.9 yesterday (4million share support) and was broken within seconds!....damn powderful .....may the force be with us!!! |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Naproxen
Veteran |
11-Apr-2008 10:40
|
||||
|
x 0
x 0 Alert Admin |
Offloaded. | ||||
| Useful To Me Not Useful To Me | |||||
|
viruz7667
Senior |
11-Apr-2008 10:28
|
||||
|
x 0
x 0 Alert Admin |
yea..morning they push up the price...in order to attract more to buy...end up afternoon....start throwing...gosh!.. | ||||
| Useful To Me Not Useful To Me | |||||
|
nickyng
Supreme |
11-Apr-2008 10:27
|
||||
|
x 0
x 0 Alert Admin |
ayo...guys move on...divesify lah...hey! anyone gut enough to SHORT now? thinking of SHORTING CITYDEV and SGX now leh....hee.. cheers ! :D |
||||
| Useful To Me Not Useful To Me | |||||
|
ygc91285
Member |
11-Apr-2008 10:25
|
||||
|
x 0
x 0 Alert Admin |
That's possible. I dont think the super BB will stop here. Everyone is licking their lip....must monitor closely. |
||||
| Useful To Me Not Useful To Me | |||||
|
viruz7667
Senior |
11-Apr-2008 10:19
|
||||
|
x 0
x 0 Alert Admin |
Sooooo worry that they will start throwing after 2pm...or around 12pm...monitor and see.. | ||||
| Useful To Me Not Useful To Me | |||||
|
freeme
Elite |
11-Apr-2008 10:11
|
||||
|
x 0
x 0 Alert Admin |
Yup.. but u advise to set ur own loss limit. ;)
|
||||
| Useful To Me Not Useful To Me | |||||
|
Ping009
Member |
11-Apr-2008 10:05
|
||||
|
x 0
x 0 Alert Admin |
Thanks Bro. But me sister la. Ok, shall take your advice .... |
||||
| Useful To Me Not Useful To Me | |||||
|
limhpp
Veteran |
11-Apr-2008 10:05
|
||||
|
x 0
x 0 Alert Admin |
Different ppl say different thing lah.... 0041 GMT [Dow Jones] STOCK CALL: Nomura cuts Cosco Corp. (F83.SG) target price to S$5.11 from S$5.69; maintains Strong Buy call. Broker says in note, target price cuts reflects shift to new base case of mild recession scenario after company announces lapse of US$202 million contract. Says, "in our updated base case, Asia no longer gets away with a soft landing and we see appreciably slower real GDP growth for 2008." Says 7 ships in company''s US$4.5 billion shipbuilding order book have not been secured with downpayments, represents about 6.2% in value terms of its existing shipbuilding order book. Estimates, if these orders were not followed through, there would be S$38.6 million of lost earnings, which represents 6.8% of broker''s FY09 forecast. Share closed down 15.2% at S$2.85 yesterday. (KIG) Contact us in Singapore. 65 64154 150; MarketTalk@dowjones.com (END) Dow Jones Newswires April 10, 2008 20:41 ET (00:41 GMT) Copyright (c) 2008 Dow Jones & Company, Inc.
|
||||
| Useful To Me Not Useful To Me | |||||