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COSCO SHP SG
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CoscoCorp
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Isolator
Supreme |
04-Nov-2010 10:10
Yells: "STI is hard landing to below 2000..." |
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Just this trade, I have make more than my expected returns. Can have a break again... Buy when everyone selling......
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crystal1818
Veteran |
04-Nov-2010 10:02
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From the chart, it looks good and in upward trend. Why the price dropped despite good reported Q3 results? Is it profit taking place now? That is to say, must sell now before it goes further down? Thanks for the advice. |
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nanyangnanyang
Member |
04-Nov-2010 09:11
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UP UP UP!!! My TP 2.20 | ||||
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bluetooth
Member |
03-Nov-2010 21:51
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Buy! YTD EPS reported S6.93 cents! calculate your potential yield first before selling... |
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iwonder
Veteran |
03-Nov-2010 21:39
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Great ! we are seeing more light ...this is just the begining...more to come
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tys_88
Member |
03-Nov-2010 21:35
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Time to sell liao. Catch ya all next wave. Expect the unexpected ! | ||||
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maxcty
Master |
03-Nov-2010 18:38
Yells: "always a learning day for me in trading" |
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heavily vested people like Isolator must be celebrating now and laughing....................congrats....
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Pinkieeeee
Member |
03-Nov-2010 18:19
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Hoseh liao =)
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CheongCK
Senior |
03-Nov-2010 17:40
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3rd Quarter Result increase of 147% profit over last year 3rd Q Net profit already at $155.2 Million compared with whole of last year of $110. Million. Order Book now at US$6.1Billion http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_020A2A26E9EFD25A482577D000263E7D/$file/101102_Cosco_Press_Release_3Q2010_Results_FINAL_03112010.pdf?openelement |
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heavenade
Member |
03-Nov-2010 17:33
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Highlights:
• Group turnover rose 26.7% to $952.7m supported by better performances of all key business segments. • Turnover from shipyard operations climbed 27.4% to $$918.7m on higher progressive revenue recognized for ship building and marine engineering projects. • Turnover from dry bulk shipping business rose 13.7% to $30.4m due to higher charter-hire rates strategically secured at the points of charter renewals. • Net profit attributable to equity holders of the Company surged 147.4% to $55.1m on higher turnover and greater efficiencies. • Net profit attributable to equity holders of the Company of $155.2m for 9M10 already exceeded the $ 110.1m registered for the whole of FY2009. • Group will continue to focus on deliveries and upgrading facilities, capabilities, efficiency and productivity to solidify its strategic position in the industry. 2 SINGAPORE (3 November 2010) – Singapore Exchange (“SGX”) mainboard-listed COSCO Corporation (Singapore) Limited (“COSCO” or the “Company”), a leading ship repair & marine engineering and shipping group, today announced another quarter of growth for its financial results for the third quarter ended 30 September 2010. Group turnover increased 26.7% to $952.7 million in Q3 2010 on the back of higher progressive revenue recognition for the Group’s ship building and offshore marine engineering projects and higher dry bulk shipping revenue. Ship building, repair and marine engineering turnover rose 27.4% to $918.7 million in Q3 2010 on progressive completions of projects. Turnover from dry bulk shipping business increased 13.7% to $30.4 million in Q3 2010 due to higher charter rates strategically secured at the points of charter renewals. Gross profit jumped 43.7% to $115.6 million due to higher dry bulk charter rates secured and higher profit contributions from ship building and marine engineering projects on the back of higher turnover and greater efficiencies. Overall, net profit attributable to equity holders of the Company soared 147.4% from $22.3 million in Q3 2009 to $55.1 million in Q3 2010 supported by higher profit contributions from dry bulk shipping and shipyard operations. Compared to the first nine months of 2009, net profit attributable to equity holders of the Company increased 67.9% from $92.5 million to $155.2 million for the first nine months of 2010, which had exceeded the $110.1 million registered for the whole of FY2009. Mr. Jiang Li Jun, Vice Chairman and President of the Company said, “We are heartened to be able to deliver continued growth in yet another quarter marked by challenges and uncertainties for our industry. With risks of global growth slowdown persisting unabated, our Group remains cautious about our outlook for the rest of 2010. To solidify our strategic position in the industry, we will continue to focus on deliveries and upgrading our facilities, capabilities, efficiency and productivity.” As at 3 Nov 2010, the Group’s order book stood at US$6.1 billion with progressive deliveries up to 1st quarter 2013 which will keep the Group’s shipyards busy. This order book is subject to revision from any cancelation of orders or new orders that may arise. On 15 June 2010, COSCO Dalian shipyard and COSCO Guangdong shipyard 3 signed 11 contracts and 4 letters of intent totaling over US$400 million in value with 4 European ship owners to build 15 units of bulk carriers - 4 of 82,000 dwt each and 11 of 57,000 dwt each. The effectiveness of these contracts is dependent on certain conditions including the receipt of the initial deposits from ship owners. As at 3 November 2010, 9 of these shipbuilding contracts totaling over US$250 million have become effective. With the successful deliveries of 6 more vessels in Q3 2010, the Group had delivered a total of 24 bulk carriers in the first nine months of 2010 – 6 by COSCO Guangdong shipyard, 9 by COSCO Dalian shipyard and 9 by COSCO Zhousan shipyard. Also notably, COSCO Nantong shipyard delivered 1 jack-up rig, “SUPER M2”, in June 2010. The Group will continue to focus on deliveries while it upgrades its shipyard capabilities to improve operational efficiency and productivity. Barring any unforeseen circumstances, the Group expects earnings in 2010 to be better than 2009. |
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fruitty
Senior |
03-Nov-2010 16:36
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very manipulated? Alot of 1 lots done the whole day. | ||||
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blueheat
Member |
03-Nov-2010 16:27
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price diao liao... look at capland how come chiong so much? tot it will fall? | ||||
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heavenade
Member |
03-Nov-2010 15:24
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should be after hours. will be release on sgx website. |
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blueheat
Member |
03-Nov-2010 15:18
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wat time annouce? go where to check later? pls kindly assist. their website never say. thank you. | ||||
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chris168
Senior |
03-Nov-2010 14:12
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Hmmm ... looking good. | ||||
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Isolator
Supreme |
03-Nov-2010 14:08
Yells: "STI is hard landing to below 2000..." |
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Seeing 1.96 will see above 2........ The time has come.... 
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pharoah88
Supreme |
03-Nov-2010 13:13
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fruitty
Senior |
03-Nov-2010 11:58
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Hope it moves higher! Buy ups at 1.93 is quite strong. |
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crystal1818
Veteran |
03-Nov-2010 11:41
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Gee, cos' Cosco price moves very slow as compared to YZJ. ;)
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Isolator
Supreme |
03-Nov-2010 11:32
Yells: "STI is hard landing to below 2000..." |
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Never short Cosco. Those slower shortie are paying the price now.... The time has come to break out to 2.1.... Dont be surprise to see a hugh volume today with breaking new high... 2? Expect the unexpected...
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