COSCO SHP SG    Last:0.118    -0.001

CoscoCorp

While you are still Buying, I'm still Shorting.

I'm adding more Shorts into my Position.

Today's rebound is just a technical.

So obvious it's going to fall further.

I'm looking at $1.65.

What happened to your 2900?

If you so believe that STI would fall to 2900, why don't you think CoscoCorp would follow and fall too?

Isolator      ( Date: 24-May-2011 10:04) Posted: I am still buying... and this will make more than my 5 trades....

 

yes i hear you and i am not trading at the moment till the sky are clearer .....

Isolator      ( Date: 24-May-2011 10:19) Posted: If you do not have the money, then please do not trade...

 

If you do not have the money, then please do not trade...

 

my hero, u got money !

Isolator      ( Date: 24-May-2011 10:04) Posted: I am still buying... and this will make more than my 5 trades....

 

I am still buying... and this will make more than my 5 trades....

 

isolator cannot share his avg price..... so sad.....

stocksburntme      ( Date: 24-May-2011 09:33) Posted: whats ur average and target price isolator?

 

hope it is true..... difficult for people to make money from stock market.

u need five wins to cover for this counter lost.....

what is your average price ?

Isolator      ( Date: 24-May-2011 09:31) Posted: Cosco hit the uptrend channel support and rebounded.... It only mean the uptrend has continue....

 

whats ur average and target price isolator?

 

Cosco hit the uptrend channel support and rebounded.... It only mean the uptrend has continue....

 

isolator surely be more at ease..... but he bought at high price....

hopefully the cosco do him proud!

 

CIMB Squawk Box...

Why STI drop 60 point yesterday?? Answer by CIMB analyst...

Offshore Marine and Chinese Shipbuilders

What happened: News emerged on irregularities findings in 2009 financial statements of 17 Chinese SOEs including CNOOC. CHALCO, COSCO and China Unicom.   1.9bn RMB (US$292m) of assets and 2.63bn RMB (US$404m) of profits were found overstated while 3.43bn RMB (US$527m) of liabilities were falsely included. Some other profits, assets and liabilities were unaccounted. What we think:   Share prices for the Chinese shipbuilders (Cosco and YZJ) have already reacted negatively to the news with both stocks down 3% this morning. Cosco being an SOE, with repeated provisions made over the past year and lack of accounting treatment transparency could face further sell-down with this news. YZJ's > RMB10bn of financial assets may be seen as risky by investors given the reduced confidence in the 'accuracy' of Chinese financial statements. What you should do: Stay away from Chinese shipbuilders for now given the negative sentiments. We maintain our NEUTRAL view on both stocks given the (i) execution risk in Cosco and (ii) concerns of chunky financial assets in YZJ and its earnings quality dilution. Downside risk however could be mitigated by some contract wins.

FYI & interpretation only.

rotijai      ( Date: 24-May-2011 09:24) Posted: congras ) looks like ur new trade is in green now Isolator      ( Date: 23-May-2011 22:47) Posted: Tmr STI most likely will be green  at most drop  around 10 point and then it  go green... I am not kidding you.... Cosco will be bargain buying... where shorties will also cover... no kidding you too..

 

1.96 at least today.

 

It will be VERY green this time.... to finish the unfinish task.....

 

congras )

looks like ur new trade is in green now

Isolator      ( Date: 23-May-2011 22:47) Posted: Tmr STI most likely will be green  at most drop  around 10 point and then it  go green... I am not kidding you.... Cosco will be bargain buying... where shorties will also cover... no kidding you too... Gaecia      ( Date: 23-May-2011 22:26) Posted: Tmr's color of the day is red, not kidding you

 

I see...Massive sell down volume but share price is going up.... is my eyes playing tricks on me?  

 

no doubt tat stx osv has a lower pe..

both cosco and stx osv got potential..

currently both also got dragged down by its parent..

stx pan isnt doing well either :P

jamesng      ( Date: 24-May-2011 02:44) Posted: I suggest to switch to stx osv if you own chinese shipbuilder....stx osv has lower pe and is building ship that support oil rigs and hence should enjoy pe to that of KepCorp and SembMarine. Superior technologies, own design and strong order book. Order book will get stronger in second half of 2011 and 2012....go and read their report....

 

2011年 5月 23日 15:47 中 远 集 团 ： 会 计 违 规 问 题 不 会 对 利 润 造 成 实 质 性 影 响

中 国 远 洋 运 输 （ 集 团 ） 总 公 司 (China Ocean Shipping (Group) Co., 简 称 ： 中 远 集 团 )周 一 称 ， 国 家 审 计 署 去 年 对 该 公 司 进 行 的 财 务 审 计 发 现 公 司 2001-2009年 存 在 会 计 违 规 问 题 ， 但 公 司 已 经 对 部 分 问 题 进 行 了 整 改 ， 并 预 计 不 会 对 该 公 司 过 去 的 利 润 造 成 实 质 性 影 响 。

中 国 国 家 审 计 署 上 周 五 发 布 公 告 称 ， 发 现 中 远 集 团 存 在 不 当 会 计 行 为 。 中 远 集 团 是 中 国 远 洋 控 股 股 份 有 限 公 司 (China COSCO Holdings Co., 1919.HK, 简 称 ： 中 国 远 洋 )和 中 远 投 资 （ 新 加 坡 ） 有 限 公 司 (Cosco Corp. (Singapore) Ltd., F83.SG)的 母 公 司 。

同 期 接 受 审 计 的 还 有 其 他 知 名 国 有 企 业 ， 包 括 中 国 联 合 网 络 通 信 （ 香 港 ） 股 份 有 限 公 司 (China Unicom (Hong Kong) Ltd., CHU, 简 称 ： 中 国 联 通 )、 中 国 海 洋 石 油 有 限 公 司 (CNOOC Ltd., 0883.HK, 简 称 ： 中 国 海 洋 石 油 )和 中 国 铝 业 股 份 有 限 公 司 (Aluminum Corporation of China Ltd., 2600.HK, 简 称 ： 中 国 铝 业 )。

国 家 审 计 署 称 ， 中 远 集 团 少 计 收 入 、 支 出 和 资 产 减 值 拨 备 ， 并 且 因 少 计 营 业 收 入 造 成 少 缴 纳 税 款 。

中 远 集 团 一 位 不 愿 具 名 的 发 言 人 对 道 琼 斯 通 讯 社 (Dow Jones Newswires)表 示 ， 该 集 团 已 经 解 决 了 部 分 问 题 ， 正 在 对 剩 余 的 违 规 行 为 进 行 整 改 。

中 远 集 团 和 其 他 大 型 国 有 企 业 一 样 具 有 复 杂 不 清 晰 的 股 权 结 构 。 但 很 多 投 资 者 对 这 类 问 题 视 而 不 见 ， 只 专 注 于 中 国 市 场 的 巨 大 增 长 空 间 。

 

I suggest to switch to stx osv if you own chinese shipbuilder....stx osv has lower pe and is building ship that support oil rigs and hence should enjoy pe to that of KepCorp and SembMarine.

Superior technologies, own design and strong order book. Order book will get stronger in second half of 2011 and 2012....go and read their report....

 

Investigation over ??????? so fast ????

  Dont think so, better wait 3rd party confirmation???????   ANY?????

 

Can u tell me where or what website u get this type of news from....

Thanks :)

Am still learning

krisluke      ( Date: 23-May-2011 23:44) Posted: Cosco -3% to $1.97 after Sevan Marine revealed that it was hit by setbacks with 2 of its trademark cylindrical FPSO vessels, which might delay the award of 2 floaters worth US$525m each. Cosco signed a LOI with Sevan Drilling for 2 semi-submersibles in Mar this yr. Sevan is facing rising cost of upgrading Sevan Voyageur, which has escalated from US$90m to US$135m while Sevan Piranema is plagued by commercial uptime due to continued problems with the vessel’s compressor systems & may require improvements costing US$25m. Both of these FPSOs were built at Yantai Raffles (hull) & Keppel Verolme (topside integration). Adding to the bad financial tidings, Sevan incurred a US$48m loss in 1Q & has some liquidity issues with debts of US$900m & is looking to carry out a rights issue to stabilize its balance sheet. This follows the recent spin-off of Sevan Drilling at the low end of its targeted offer price due to lacklustre investor interest. Nevertheless, there is still a lot of exploration & drilling activity, which could support the rig business. Separately, Xinhua news agency reports that audits have found irregularities in financial statements of 17 Chinese SOEs including CNOOC, Chalco, Cosco & China Unicom for FY09. By Mar this yr, 735 cases of irregularities have been corrected & 65 people responsible for the irregularities or violations have been punished.