Latest Forum Topics / COSCO SHP SG Last:0.137 -- | Post Reply |
CoscoCorp
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zhuge_liang
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21-Jun-2007 00:00
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Cosco surged as its parent Cosco Holdings attracted over $200b of funds for its $2b IPO listing in Shanghai. It also rose on expectations that the firm would announce that it had won new contracts, local dealers said. |
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ghlau935
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11-Jun-2007 09:56
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WA! Big jump.............Huat ah to all!!! | ||||||||||||||
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ghlau935
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11-Jun-2007 08:39
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EastonBay
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07-Jun-2007 18:32
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what a day for COSCO, up 7.6%, 21c!!! heavy vol.
Actually dbs covers this story for a long time already.. at the same TP. And they have been updating this counter/story at least once every month. There is nothing that is substantially new in today's report vs previous reports. Maybe people/investors finally wake up to this counter, or BBs finally allow it to run. Price has been pressed down. For the past 1 month, every time it goes up a little, you will sure to see it going back down the next day. |
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ghlau935
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07-Jun-2007 13:56
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STOCK ALERT - COSCO Singapore higher on earnings outlook 6/7/2007 10:34:00 AM SINGAPORE (XFN-ASIA) - COSCO Corp (Singapore) was higher on expectations that the company's earnings will be strong, backed by the 1.9 bln usd value of its order book. At 10.24 am, COSCO was up 0.05 sgd or 2.18 pct at 2.80, on volume of 5.8 mln shares. DBS Group Research said in a note to clients: "Backed by the solid order book and yard expansion, this will raise earnings visibility for the group. The bulk of earnings will be recognised in 2008." The brokerage firm said it expected the company to recognize 650 mln sgd from the contracts in its order book this year and about 1.7 bln sgd next year. Work not yet in the order book is likely to be recognized in the company's 2009 earnings, it said. DBS Group said the potential dual listing of COSCO Corp shares in China would be a boon for the company. "If this happens, it will narrow the valuation gap between COSCO Corp and listed shipyards in China, which are trading at price-earnings above 25 times on 2008 earnings," said the brokerage firm. DBS Group has a 'buy' rating for COSCO Corp, with a target price of 3.45 sgd per share. (1 usd = 1.52 sgd) singapore@xfn.com MMMM | ||||||||||||||
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Patrick48
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07-Jun-2007 13:49
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Cheong....cheong.....cheong ah. Why? | ||||||||||||||
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iamsimone
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25-May-2007 21:42
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Synapse
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11-May-2007 02:00
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cyjjerry85, i think there are some good posts courtesy of meilian and shplayer some 2 weeks back. you may wish to refer to the posts. Cosco is trading at very high valuations which suggest that news of new contracts have already been priced into the stock's price. |
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ruanlai
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10-May-2007 20:11
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cyjjerry85, Under the bad settlement time like now, possible that someone having too much stocks on hand and no more room for them to keep.....The onli thing is to dump the stocks....... Another reason if you have observed this afternoon when news from radio anounced China is looking into corrective action as China market is too hot until yesterday, the whole of the Asia trading volumes, China markets contributed 50%......market gotten soft very fast after the news.......risk is too high to hold the stock now.....Rather keep the money to wait for GIANT Correction....... |
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singaporegal
Supreme |
10-May-2007 20:10
Yells: "Female TA nut" |
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Charts hasn't changed that much... unfortunately I still see the same bearish signs. | ||||||||||||||
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cyjjerry85
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10-May-2007 19:47
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can anyone enlighten me why Cosco shares still dip -0.03 despite their press release today that they won such a massive contract? thought a good news like this sort should make the share price rise instead of fall?? really makes me what are the other considering factors besides such news | ||||||||||||||
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ruanlai
Master |
10-May-2007 14:13
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COSCO CORPORATION (S) LTD MISCELLANEOUS :: PRESS RELEASE: COSCO WINS EPC (ENGINEERING, PROCUREMENT AND CONSTRUCTION) AND CONVERSION CONTRACTS WORTH US$195.3 MILLION (APPROXIMATELY S$296.02M) BUY! | ||||||||||||||
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Goodwealth
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09-May-2007 23:44
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I think the CEO of Cosco increase his stake recently in April... (not sure if it is due to exercising of options) By the way, there are many reasons to sell (like needing the money to buy something, needing to get new mistresses, etc)... but there is only ONE REASON to BUY into a stock, that is to see it going up... So to me, the directors selling Cosco shares do not necessary mean something is wrong with Cosco.... Well, that's my view.... but I am very sure Cosco will go up. Citibank can be wrong too.... just like our Temasek.... (remember shincorp??, remember Temasek selling Olam???) |
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Synapse
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09-May-2007 07:31
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Goodwealth, like that can also say Cosco already hit the $5 mark if you take into consideration the 1 for 2 stock split previously. I don't suggest quoting "insider info" or "reliable sources" either since this could lead to a mindless chasing of profits (although each trader/investor is responsible for his/her own capital). What i'm advocating is that we trade on facts: 1. Cosco being govt-backed company is a known fact 2. The chart looks bearish at present 3. Citigroup has the largest following and is the most reputable of all brokerages covering this stock. 4. Directors have been selling out for quite a while Points 3 and 4 suggest that the shares are likely to flow from BBs to retail investors who are less likely to be able to hold ground. Trade with care ... |
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punter2006
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09-May-2007 00:13
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I seriously think that it is downtrending now as the support of 2.67-2.68 was breached....trade with care.... | ||||||||||||||
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Goodwealth
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09-May-2007 00:10
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I believe the citibank analyst got it all wrong. I'm quite bullish on this counter... potential $5 stock... (insider info... from a reliable source) Cosco is a govt backed company.... just hold on to it... once it breached $3 for a longer period.... it will not look back. |
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Synapse
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08-May-2007 16:18
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Sanye ... actually citigroup issued the SELL call previously. The recommendation was made by analyst Mr Kevin Chong. BT had only ran the article today. As of abt 3 weeks back, the weekly chart for Cosco has been indicating the possibility of a very bearish looking double top formation. I am not vested in this counter. | ||||||||||||||
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nickyng
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08-May-2007 12:33
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well..when in doubt..always SHORT !! cant be wrong..play the fear of humans...and u shall gain :D | ||||||||||||||
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sanye2006
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08-May-2007 09:20
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Citigroup issued a "SELL" on BT today. So, which one should we believe? Phillip or Citi? Buy or Sell? | ||||||||||||||
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sanye2006
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04-May-2007 11:04
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Phillip Security issued a buy call on this with FV at S$3.15 yesterday. | ||||||||||||||
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