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From Kim Eng: Lunch Bites - Chinese shipyards on the rebound Aiming to be No.1 – The outlook for the Chinese shipyards has improved significantly with a recovery in the bulk shipping sector, as evidenced by a 63% rise in the Baltic Dry Index in the past three months. This has also translated to a pickup in new orders and enquiries for bulk carriers, the current mainstay of these shipyards. Cosco has progressively reported improving execution on its problematic backlog of bulk carrier newbuilding orderbook, and we expect this to be reflected in its 3Q results due on 3 November. Yangzijiang, too, recently announced a steady set of 3Q numbers, and it disclosed this morning a strategic tie-up with Taiwanese shipbuilder CSBC. JES, which has been a serious laggard due to its own execution issues in the past, has staged a sharp recovery as well. We expect continued interest and more positive re-ratings for this group of stocks. Short-term prospects should be bolstered by more new orders, but the longer-term view is also positive as China aims to become the largest global shipbuilder by 2015, with the government facilitating the transformation via supportive policies such as VAT refunds and favourable financing arrangements through domestic financial institutions. The objective is to also extend its breadth of capability beyond its mainstay of bulkers into others such as containerships and offshore. Cosco, with its expanding range of capabilities, should be the prime beneficiary, in our opinion.
http://www.bloomberg.com/news/2010-10-28/china-cosco-posts-third-quarter-net-from-loss-on-rising-container-rates.html
Parent already recoverd
Noob79 ( Date: 28-Oct-2010 21:27) Posted:
buy at 1.84
Noob79 ( Date: 28-Oct-2010 21:26) Posted:
| mayb a bit quite late liao.... shorting now is quite risky ... I some at 1.8 |
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buy at 1.84
Noob79 ( Date: 28-Oct-2010 21:26) Posted:
mayb a bit quite late liao.... shorting now is quite risky ... I some at 1.84
epliew ( Date: 28-Oct-2010 18:42) Posted:
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mayb a bit quite late liao.... shorting now is quite risky ... I some at 1.84
epliew ( Date: 28-Oct-2010 18:42) Posted:
short this counter !
Isolator ( Date: 28-Oct-2010 10:41) Posted:
Cosco will not disappoint me.... Still no reason for me to sell... People sell, I buy...  |
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lol...what if it's ended like YZJ? :<
Are u a trader?
epliew ( Date: 28-Oct-2010 19:08) Posted:
use cfd ?
edwinteo ( Date: 28-Oct-2010 16:25) Posted:
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use cfd ?
edwinteo ( Date: 28-Oct-2010 16:25) Posted:
haiz...no more $$ le...
Isolator ( Date: 28-Oct-2010 10:41) Posted:
Cosco will not disappoint me.... Still no reason for me to sell... People sell, I buy... |
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short this counter !
Isolator ( Date: 28-Oct-2010 10:41) Posted:
Cosco will not disappoint me.... Still no reason for me to sell... People sell, I buy... |
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pharoah, u expect the cosco to fall. maybe u can short this counter ?
pharoah88 ( Date: 28-Oct-2010 18:26) Posted:
CHARTVIEWS For 28th October 2010
COSCO Corp - Break of key support suggests further correction
Levels to Watch in Trading: Resistance set at $1.87
Support set at $1.70
Stock Rating: No Rating
Target Px: NA
Last Closing Px: $1.83
52-week Px Range: $0.995 - $1.98
SGX Code: F83
BLP Code: COS SP Equity
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CHARTVIEWS For 28th October 2010
COSCO Corp - Break of key support suggests further correction
Levels to Watch in Trading: Resistance set at $1.87
Support set at $1.70
Stock Rating: No Rating
Target Px: NA
Last Closing Px: $1.83
52-week Px Range: $0.995 - $1.98
SGX Code: F83
BLP Code: COS SP Equity
haiz...no more $$ le...
Isolator ( Date: 28-Oct-2010 10:41) Posted:
Cosco will not disappoint me.... Still no reason for me to sell... People sell, I buy... |
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same here. im also loading up more on dips.
Cosco will not disappoint me.... Still no reason for me to sell... People sell, I buy...
be happy.... make or lose money just take it as lessons, some are more expensive than others.
Noob79 ( Date: 27-Oct-2010 19:36) Posted:
I was about to short Yangzijiang as cosco fall and yangzijiang will fall too....too bad my limit reached and cannot buy or short liao.... now i was also stuck with Genting .... :(
epliew ( Date: 27-Oct-2010 17:50) Posted:
| wow, u can predict the next price..... well done... |
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Cosco Pacific doubles quarterly profit
Hong Kong: Cosco Pacific Ltd., Asia’s third- largest container-terminal operator, more than doubled quarterly profit because of a revival in world trade. Net income climbed to $100 million in the third quarter from $40 million a year earlier, the Hong Kong-based company said in a statement to the city’s stock exchange earlier this week. Sales rose 29 percent to $107.5 million. The company handled 23 percent more containers than a year earlier as U.S. and European consumer spending rebounded from last year’s global recession, stoking demand for Asian-made goods. U.S. holiday sales will likely rise 2.3 percent this year, led by purchases of clothes and electronics, according to the Washington-based National Retail Federation.
Cosco Pacific moved 13.3 million 20-foot equivalent boxes in the third quarter. The company, controlled by China Cosco Holdings Co., owns or has stakes in more than 20 terminal operators, predominantly in China and Hong Kong. In the first nine months, total volumes rose 20 percent to 35.7 million. [28/10/10]
Waiting for final confrontation... Loss or Win will be concluded soon...
I was about to short Yangzijiang as cosco fall and yangzijiang will fall too....too bad my limit reached and cannot buy or short liao.... now i was also stuck with Genting .... :(
epliew ( Date: 27-Oct-2010 17:50) Posted:
wow, u can predict the next price..... well done....
Noob79 ( Date: 26-Oct-2010 20:25) Posted:
| prepare for the worst May drop to 1.76....... |
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wow, u can predict the next price..... well done....
Noob79 ( Date: 26-Oct-2010 20:25) Posted:
| prepare for the worst May drop to 1.76....... |
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kenna eaten.....?
pharoah88 ( Date: 27-Oct-2010 14:15) Posted:
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Wow, wat a exciting day! I wonder if the outcome today was within expectation for some?
It is about to reach my last support before cut....... It is time to load in my last buy.... Expect the unexpected...
