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Hawkeye Veteran	11-Nov-2013 10:00        Hawkeye About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Well that will be good. If Cosco Singapore come out clean - Cosco Singapore will rally. If Dalian Developer is sold to someone for USD500million - Cosco Singapore will rally till no look back. - If Cosco Singapore - Top management not clean means Cosco Singapore profit should be better - sell down is limited since - retail sell down  had already commenced. Now there are really not much or nearly no shares left floating. Means Upside more than downside. What is there to loose, even if Cosco Singapore sold down to 50cts with only maybe 10,000lot traded with 5,000lot shortwd. Then rebound back to 70cts. What is there to loose, with what lost already lost, there is only gain left next year. wait4opp      ( Date: 11-Nov-2013 09:41) Posted: Rumours they are checking Singapore COSCO now Do not know which top Mgt are involved.
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wait4opp Veteran	11-Nov-2013 09:41        wait4opp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rumours they are checking Singapore COSCO now Do not know which top Mgt are involved.
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tianji Member	11-Nov-2013 09:39        tianji About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wu Feng Bu Qi Lang. COSCO is still COSCO  whether is CHINA OR SINGAPORE They are the same and related. Once China Govt is going to pin down COSCO, they will support YZJ and dump COSCO. COSCO will be a very CLEAR GOOD Example of What CHINA is doing the ANTI-CORRUPTION. AVOID COSCO (SG and CHINA)
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Hawkeye Veteran	11-Nov-2013 09:04        Hawkeye About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	The fact is that market had already price in Cosco Singapore 3Q2013 and 3Q2013 result will not be good. Market already expect 2014 result will be good and compare to 2013 will be resounding, but similar to the days where revenue will be above 1billion per quarter, and Ships that to be delivered, and most of the ships were Cosco Singapore had already constructed and delivered before, so they are familiar construction means better profit margin. Repeated construction, better profit margin, 2 no Multi Purpose Carriers (animal carrier), 2no 35000dwt BC  - Guangdong 1no Sevan 650, 2 no jackup drilling  rig,   - nantong 6no 62000dwt BC, 2no 64000 dwt,   - Zhousan 4no PSV (America), 4no PSV(HongKong), 1 no offshore Windturbines installer, 1 no tender rig, 1 semi-submersible accomodation Vessels, 1no 22000dwt Oil Tanker, New ships/structures, less profit margin, 1 no self propelled heavylift pipelaying, 1 no self erecting tender rig   iwonder      ( Date: 10-Nov-2013 23:21) Posted: That will be an opportunity to collect cheap. How low will it go? Now is the time to be a contrarian approach.  wait4opp      ( Date: 10-Nov-2013 16:57) Posted: Problem is not because of the fact, it is due to human effect of kia si and shortists like Muddy Water. When fear off the pump and dump, when sink will sink further.
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iwonder Veteran	10-Nov-2013 23:21        iwonder About Contact  Quote this Post!
x 0   x 0  Alert Admin	That will be an opportunity to collect cheap. How low will it go? Now is the time to be a contrarian approach.  wait4opp      ( Date: 10-Nov-2013 16:57) Posted: Problem is not because of the fact, it is due to human effect of kia si and shortists like Muddy Water. When fear off the pump and dump, when sink will sink further.   Hawkeye      ( Date: 10-Nov-2013 15:20) Posted: There are hardly " sell down" looking at the volume of trading. a thousand or 2 thousand lot is not really a sell down. Just retail investor nervous sell off first. At the trading volume any sell down will push the share price to 30cts by now. But watch out for Pump and sell. If there is any sell off. Look out for daily trading. Dalian Developer is a complete ship so. Its not as bad as you will put it as Sure Die. There is a complete ship to sell off and there is a $110million already paid for it. If the ship is sold off for USD450million, Cosco Singapore still have $60million for all the legal fighting which as CheongSL put it likely the client will not get the money back as they cancelled the ship when the ship is completed. They  should cancel the ship last year if they are really sincere of the cancellation. and no progress payment along the construction period with a lot of " improvement done" on the ship means Dalian Shipyard will entitled for extension of time. Anyway Cosco Singapore only own 51% of Dalian Shipyard so profit also 51% loss also 51% only. The client Dalian Deepwater Developer was listed in US on april 2010 and the ship was ordered in June 2010. I think the owner Dalian Deepwater Developer is " Run off on the road" already. LO
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Hawkeye Veteran	10-Nov-2013 17:05        Hawkeye About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	We wait for the pump first LOL wait4opp      ( Date: 10-Nov-2013 16:57) Posted: Problem is not because of the fact, it is due to human effect of kia si and shortists like Muddy Water. When fear off the pump and dump, when sink will sink further.   Hawkeye      ( Date: 10-Nov-2013 15:20) Posted: There are hardly " sell down" looking at the volume of trading. a thousand or 2 thousand lot is not really a sell down. Just retail investor nervous sell off first. At the trading volume any sell down will push the share price to 30cts by now. But watch out for Pump and sell. If there is any sell off. Look out for daily trading. Dalian Developer is a complete ship so. Its not as bad as you will put it as Sure Die. There is a complete ship to sell off and there is a $110million already paid for it. If the ship is sold off for USD450million, Cosco Singapore still have $60million for all the legal fighting which as CheongSL put it likely the client will not get the money back as they cancelled the ship when the ship is completed. They  should cancel the ship last year if they are really sincere of the cancellation. and no progress payment along the construction period with a lot of " improvement done" on the ship means Dalian Shipyard will entitled for extension of time. Anyway Cosco Singapore only own 51% of Dalian Shipyard so profit also 51% loss also 51% only. The client Dalian Deepwater Developer was listed in US on april 2010 and the ship was ordered in June 2010. I think the owner Dalian Deepwater Developer is " Run off on the road" already. LO
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wait4opp Veteran	10-Nov-2013 16:57        wait4opp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Problem is not because of the fact, it is due to human effect of kia si and shortists like Muddy Water. When fear off the pump and dump, when sink will sink further.   Hawkeye      ( Date: 10-Nov-2013 15:20) Posted: There are hardly " sell down" looking at the volume of trading. a thousand or 2 thousand lot is not really a sell down. Just retail investor nervous sell off first. At the trading volume any sell down will push the share price to 30cts by now. But watch out for Pump and sell. If there is any sell off. Look out for daily trading. Dalian Developer is a complete ship so. Its not as bad as you will put it as Sure Die. There is a complete ship to sell off and there is a $110million already paid for it. If the ship is sold off for USD450million, Cosco Singapore still have $60million for all the legal fighting which as CheongSL put it likely the client will not get the money back as they cancelled the ship when the ship is completed. They  should cancel the ship last year if they are really sincere of the cancellation. and no progress payment along the construction period with a lot of " improvement done" on the ship means Dalian Shipyard will entitled for extension of time. Anyway Cosco Singapore only own 51% of Dalian Shipyard so profit also 51% loss also 51% only. The client Dalian Deepwater Developer was listed in US on april 2010 and the ship was ordered in June 2010. I think the owner Dalian Deepwater Developer is " Run off on the road" already. LOL wait4opp      ( Date: 10-Nov-2013 12:59) Posted: Whole of COSCO Dalian will be in the Deep Shit. Singapore COSCO will be in trouble very soon. Insiders have been selling their shares as they all know very sure is DA SHI BU HAO LE... Do not believe you can buy to keep.
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Hawkeye Veteran	10-Nov-2013 15:20        Hawkeye About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	There are hardly " sell down" looking at the volume of trading. a thousand or 2 thousand lot is not really a sell down. Just retail investor nervous sell off first. At the trading volume any sell down will push the share price to 30cts by now. But watch out for Pump and sell. If there is any sell off. Look out for daily trading. Dalian Developer is a complete ship so. Its not as bad as you will put it as Sure Die. There is a complete ship to sell off and there is a $110million already paid for it. If the ship is sold off for USD450million, Cosco Singapore still have $60million for all the legal fighting which as CheongSL put it likely the client will not get the money back as they cancelled the ship when the ship is completed. They  should cancel the ship last year if they are really sincere of the cancellation. and no progress payment along the construction period with a lot of " improvement done" on the ship means Dalian Shipyard will entitled for extension of time. Anyway Cosco Singapore only own 51% of Dalian Shipyard so profit also 51% loss also 51% only. The client Dalian Deepwater Developer was listed in US on april 2010 and the ship was ordered in June 2010. I think the owner Dalian Deepwater Developer is " Run off on the road" already. LOL wait4opp      ( Date: 10-Nov-2013 12:59) Posted: Whole of COSCO Dalian will be in the Deep Shit. Singapore COSCO will be in trouble very soon. Insiders have been selling their shares as they all know very sure is DA SHI BU HAO LE... Do not believe you can buy to keep.
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wait4opp Veteran	10-Nov-2013 12:59        wait4opp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Whole of COSCO Dalian will be in the Deep Shit. Singapore COSCO will be in trouble very soon. Insiders have been selling their shares as they all know very sure is DA SHI BU HAO LE... Do not believe you can buy to keep.
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cheongsl Master	10-Nov-2013 07:36        cheongsl About Contact  Quote this Post!
x 0   x 0  Alert Admin	But as for how much they will provision for the legal case can only know in Q4 result. cheongsl      ( Date: 10-Nov-2013 06:31) Posted: Don't forget this US110million is the first installment and advance, US110 compare to US500, that should only cover the design stage, and the contract termination actually serve to Cosco Dalian upon substantial completion.By right Cosco will be allow to claim the shipowner up to the substantial completion stage and also own the drillship.   As up to the termination point the previous contract is still valid.Chances of the shipowner getting back the US110 will be low unless there is certain terms and condition in the contract that stated that upon the termination of contract all payment given should be return with interested. cheongsl      ( Date: 10-Nov-2013 06:19) Posted: You did not read my wording? otherwise you can't come up with such a misinterpretation. The Net Profit of Cosco is 16millions, but why you are considering the control portion and ignored the non-controlling portion? The control portion will definitely reduce significantly if you have the understanding of cosco group and have read the Q3 report.  It is clear in the Q3 report that the profit was hinder by the inventory write down and provision of expected losses on construction contract.And this is announced in sgx of the DP3 incident, which shipowner want to claim back US110million for the completed deepwater drill ship. I look at the provision it increase by 1.5million under the balance sheet and the inventory portion increase by 766million, but for the inventory portion I believe much of it will be ship or drill that will be going to recognise in 2013 Q4, and also 2014 Q1. Thus with billions of contract awarded todate you can't expect the inventory to keep the same as those days when BDI is still sinking time.
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cheongsl Master	10-Nov-2013 06:31        cheongsl About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don't forget this US110million is the first installment and advance, US110 compare to US500, that should only cover the design stage, and the contract termination actually serve to Cosco Dalian upon substantial completion.By right Cosco will be allow to claim the shipowner up to the substantial completion stage and also own the drillship.   As up to the termination point the previous contract is still valid.Chances of the shipowner getting back the US110 will be low unless there is certain terms and condition in the contract that stated that upon the termination of contract all payment given should be return with interested. cheongsl      ( Date: 10-Nov-2013 06:19) Posted: You did not read my wording? otherwise you can't come up with such a misinterpretation. The Net Profit of Cosco is 16millions, but why you are considering the control portion and ignored the non-controlling portion? The control portion will definitely reduce significantly if you have the understanding of cosco group and have read the Q3 report.  It is clear in the Q3 report that the profit was hinder by the inventory write down and provision of expected losses on construction contract.And this is announced in sgx of the DP3 incident, which shipowner want to claim back US110million for the completed deepwater drill ship. I look at the provision it increase by 1.5million under the balance sheet and the inventory portion increase by 766million, but for the inventory portion I believe much of it will be ship or drill that will be going to recognise in 2013 Q4, and also 2014 Q1. Thus with billions of contract awarded todate you can't expect the inventory to keep the same as those days when BDI is still sinking time.    samson      ( Date: 09-Nov-2013 15:31) Posted: You means cosco Singapore aso corruption revenue of 989 million net profis of 16 million . And overal profits 4 million only .??? They must be hiding Some money go to china Ocean Shipping . Or go some where ?? Coscp Singapore also no transparent to investors . Got contracts didn't announce Delivery vessel don't announce We are only guessing
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cheongsl Master	10-Nov-2013 06:19        cheongsl About Contact  Quote this Post!
x 0   x 0  Alert Admin	You did not read my wording? otherwise you can't come up with such a misinterpretation. The Net Profit of Cosco is 16millions, but why you are considering the control portion and ignored the non-controlling portion? The control portion will definitely reduce significantly if you have the understanding of cosco group and have read the Q3 report.  It is clear in the Q3 report that the profit was hinder by the inventory write down and provision of expected losses on construction contract.And this is announced in sgx of the DP3 incident, which shipowner want to claim back US110million for the completed deepwater drill ship. I look at the provision it increase by 1.5million under the balance sheet and the inventory portion increase by 766million, but for the inventory portion I believe much of it will be ship or drill that will be going to recognise in 2013 Q4, and also 2014 Q1. Thus with billions of contract awarded todate you can't expect the inventory to keep the same as those days when BDI is still sinking time.    samson      ( Date: 09-Nov-2013 15:31) Posted: You means cosco Singapore aso corruption revenue of 989 million net profis of 16 million . And overal profits 4 million only .??? They must be hiding Some money go to china Ocean Shipping . Or go some where ?? Coscp Singapore also no transparent to investors . Got contracts didn't announce Delivery vessel don't announce We are only guessing
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Hawkeye Veteran	09-Nov-2013 16:28        Hawkeye About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	That is because most delivery is 1Q and 2Q2014, at least USD2.4bil to USD2.7bil. 2015 delivery is about USD3.9billion 2013, ship building cost but no delivery, 2013 delivery is the most USD1.2billion (USD500million in 4Q2013), most of Cosco Singapore building contract is end loaded. samson      ( Date: 09-Nov-2013 15:31) Posted: You means cosco Singapore aso corruption revenue of 989 million net profis of 16 million . And overal profits 4 million only .??? They must be hiding Some money go to china Ocean Shipping . Or go some where ?? Coscp Singapore also no transparent to investors . Got contracts didn't announce Delivery vessel don't announce We are only guessing
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samson Veteran	09-Nov-2013 15:31        samson About Contact  Quote this Post!
x 0   x 0  Alert Admin	You means cosco Singapore aso corruption revenue of 989 million net profis of 16 million . And overal profits 4 million only .??? They must be hiding Some money go to china Ocean Shipping . Or go some where ?? Coscp Singapore also no transparent to investors . Got contracts didn't announce Delivery vessel don't announce We are only guessing
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cheongsl Master	09-Nov-2013 14:25        cheongsl About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quaterly result seems like turnover have reverse, Netprofit did not follow up as cost of expect losses for recognised on construction contract being taken considered. S$ '000 2013 Q3 2013Q2 2013Q1 2012Q4 2012Q3 2012Q2 2012Q1 2011Q4 2011Q3 2011Q2 2011Q1 2010Q4 2010Q3 2010Q2 2010Q1 Turnover 989,433 890,326 732,995 843,198 937,002 975,338 978,723 1,186,358 969,844 996,047 1,010,672 1,111,242 952,716 962,456 835,031 Net Profit 16,389 18,930 15,542 33,166 41,645 48,540 46,428 54,131 50,003 50,811 58,419 140,170 80,743 99,550 38,143
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samson Veteran	09-Nov-2013 12:39        samson About Contact  Quote this Post!
x 0   x 0  Alert Admin	The china prime minister 李 克 强 。 are looking in to this round of china government company corruption case he wanted to clear all members who are involved . Another group of government executive officer will work properly. If cosco china and cosco Singapore high executive director and officers are involved. He can change the new group off members just one weeks . In China they are alots government executive officer and specialist member We can wait and see when this time around all bads people clean up. Cosco will be back to normal and moving up to tracks All corruption clear . All money return to company . Then you will see more profits So aots analysis will ask you to sell away cosco and buy yangzijiang and kepcorp
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ronleech Master	09-Nov-2013 11:35        ronleech About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Believe in yourself. Ride with the waves......"
x 0   x 0  Alert Admin	I forsee this round clean up will be good for this counter in long run...I was actually expecting it to be priced at least $5-6 in a couple of years time...
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samson Veteran	09-Nov-2013 11:24        samson About Contact  Quote this Post!
x 0   x 0  Alert Admin	As long current cosco china 书 记 ceo mr. Ma and cosco Singapore ceo no involved in the corruption . Then . After all other member been caused . At the end there had to pay back to cosco group. And in put in holiday camp.the end of yhey life. China governments may put in some of the members to make cosco running and make more profits Cosco is government company Will no close and will no lose to private company like yangzijiang . No faces
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Hawkeye Veteran	09-Nov-2013 10:50        Hawkeye About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	The matters related to Cosco China leadership have effect on Cosco Singapore, that I agree because Cosco China is the controlling share holder of Cosco Singapore and that will erode investor confidence on Cosco Singapore. The important matter is this Investigation on alleged Corruption should just restricted to Cosco Pacific and Cosco China operation. If this matter involve Cosco Singapore operation then as being a listed company in Singapore, monetory issue will involve Monetory Authority of Singapore and SGX listing rules, CAD and CPIB will be on board. Then no good. Cosco being a such a big company a conglomerate, leadership do not play such great role in company operation. Decision is made by board, individual can only make short term decision. So if Cosco Singapore is not being investigated then execution of Ship Orders will carry out as normal. Receive and Award of contract may be scrutinised more tightly. cheongsl      ( Date: 09-Nov-2013 09:03) Posted: Cosco Singapore is part of Cosco group, thus the news will affected Cosco Singapore definitely, as some decision and principal and practice pass down from the mother company will affect the operation. But investigation to the  Cosco group VP for corruption,  should it be a good news or bad news that depend on individual. For me, I think it is a good news.  The reason as below: If VP of Cosco group really corrupt, then it should not be a small sum. How can it corrupted? 1) By allowing a lower sum of contract for shipping for other company, and accepted the bribe. This will result in lower profit for Cosco in the past, but in future the result will improve, as the amount for shipping might turn into (existing shipping sum + bribe sum + possible market price) 2) By getting rebate from supplier, shipbuilding parts etc.. I give you this business then you need to give me some " $" , will this be good news, yes that means actually the cost of sales should be current cost - rebate, that means in future the expense will be lower. 3) By reporting higher expense, will this be good to future, yes expense will be down, as buying an item is initially $X, but it report $X + $Y, and $Y will be into their own pocket, then in future the company expense after the corruption even will be $X only. 4) By allowing money inflow and outflow of china, Money wash, will this be good for the company, that means goods are over stated the value, to Cosco it does not really affected, as the charter rate still the same, but to China it will be affected as it allows free flow of money in and out. Don't forget one thing Cosco group is a " 央ä¼?" it will not allow it to collapse. Thus I believe  the main punishment might be on individual then the company. This news actually was spreading in China forum since 7 Nov 13, the news website only report 8 Nov 13. % of short seller to total volume 5 Nov 6.32% (poor 3Q result release after trading hours) 6 Nov 35.85% 7 Nov 39.87% Around afternoon news of VP being investigate start spreading, Wang Yi news release of this incident at around 4pm. 8 Nov 33.58% Many of the major news media release the news in the morning like Xinhua etc. 9 Nov VP Xu resignation announcement. How will this develop, will need to closely watch. Hawkeye      ( Date: 08-Nov-2013 16:48) Posted: Wrong many people think Cosco Singapore is same as Cosco China. Cosco China only own Cosco Singapore. and Cosco Singapore only own 51% of Cosco " Shipyards" - Qingdao, Dalian, Zhoushan, Quangdong, and one more
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cheongsl Master	09-Nov-2013 09:03        cheongsl About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cosco Singapore is part of Cosco group, thus the news will affected Cosco Singapore definitely, as some decision and principal and practice pass down from the mother company will affect the operation. But investigation to the  Cosco group VP for corruption,  should it be a good news or bad news that depend on individual. For me, I think it is a good news.  The reason as below: If VP of Cosco group really corrupt, then it should not be a small sum. How can it corrupted? 1) By allowing a lower sum of contract for shipping for other company, and accepted the bribe. This will result in lower profit for Cosco in the past, but in future the result will improve, as the amount for shipping might turn into (existing shipping sum + bribe sum + possible market price) 2) By getting rebate from supplier, shipbuilding parts etc.. I give you this business then you need to give me some " $" , will this be good news, yes that means actually the cost of sales should be current cost - rebate, that means in future the expense will be lower. 3) By reporting higher expense, will this be good to future, yes expense will be down, as buying an item is initially $X, but it report $X + $Y, and $Y will be into their own pocket, then in future the company expense after the corruption even will be $X only. 4) By allowing money inflow and outflow of china, Money wash, will this be good for the company, that means goods are over stated the value, to Cosco it does not really affected, as the charter rate still the same, but to China it will be affected as it allows free flow of money in and out. Don't forget one thing Cosco group is a " 央ä¼?" it will not allow it to collapse. Thus I believe  the main punishment might be on individual then the company. This news actually was spreading in China forum since 7 Nov 13, the news website only report 8 Nov 13. % of short seller to total volume 5 Nov 6.32% (poor 3Q result release after trading hours) 6 Nov 35.85% 7 Nov 39.87% Around afternoon news of VP being investigate start spreading, Wang Yi news release of this incident at around 4pm. 8 Nov 33.58% Many of the major news media release the news in the morning like Xinhua etc. 9 Nov VP Xu resignation announcement. How will this develop, will need to closely watch. Hawkeye      ( Date: 08-Nov-2013 16:48) Posted: Wrong many people think Cosco Singapore is same as Cosco China. Cosco China only own Cosco Singapore. and Cosco Singapore only own 51% of Cosco " Shipyards" - Qingdao, Dalian, Zhoushan, Quangdong, and one more. wait4opp      ( Date: 08-Nov-2013 16:23) Posted: COSCO CHINA A Share Drop 3.85% to RMB3.00 COSCO CHINA H Share Drop 5.04% to HK$3.58 Singapore not much people know that COSCO Singapore is related to COSCO China, so a lot of retail investors still buy and keep. Monday when news are out on all the newspaper, they all will scare off and dump. AVOID from now if you are interested in buying. SHORT from now if you are dare as price still at the high side.
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