COSCO SHP SG    Last:0.12   -

CoscoCorp

Apologies. Here is the Potential Breakouts link.

 

Cosco turned up in my scan for potential breakouts this week. Respect of support at 1.10 and recovery of 63-day Twiggs Momentum above zero would confirm a primary up-trend.

 

 

NOL also rising now instead ......despite all the BAD reports by analysts.

teeth53      ( Date: 26-Feb-2012 17:31) Posted: Bo kena short down lehh. Sounded like ship building is better then shipping, is shipping increasing it rate..?. CoscoCorp       Last Done: $1.21 cents      Volume - 28,749,000 changed hands      -0.02 tiancai007      ( Date: 23-Feb-2012 18:26) Posted: Tomorrow Cosco will be the next target slaughter by BBs after Wilmar, Genting and NOL. So fun to play earnings reports.

 

I find COSCO ALWAYS move in the exact opposite direction of what analysts report say about this stock.

Past few years observed so many time whenever analysts say SELL, give tp 60-70 cts, cosco rallied o $1.80ish instead.

And when analysts say BUY give tp $2.30-$2.75, cosco starts dropping to below $1.

So analysts now say underperform, maybe its time to buy some to keep for mid-term gains again perhaps

 

Shipbuilding Torpedo coming -

Cosco  Corp expects further drop in newbuilding prices

 

Bo kena short down lehh. Sounded like ship building is better then shipping, is shipping increasing it rate..?.

CoscoCorp       Last Done: $1.21 cents      Volume - 28,749,000 changed hands      -0.02

tiancai007      ( Date: 23-Feb-2012 18:26) Posted: Tomorrow Cosco will be the next target slaughter by BBs after Wilmar, Genting and NOL. So fun to play earnings reports. krisluke      ( Date: 23-Feb-2012 17:32) Posted: COSCO: FY2011 Net Profit Down 43.9% To S$139.7 Million. 23 Feb 2012 17:18 FY2011 Group turnover was up by 7.8% to S$4.2bn supported by better shipyard performance. Shipyard turnover rose 10.1% to $$4.1bn on higher contributions from ship building and marine engineering projects. Turnover from dry bulk shipping and other business fell 52.9% to $66.8m on lower charter-hire rates. Net profit attributable to equity holders of the Company dropped 43.9% to $139.7m on lower profit contributions from dry bulk shipping and the higher costs incurred in shipyard operations. The Group will continue to focus on deliveries as it upgrades its shipyard capabilities and efficiencies, and monitor costs... More information available here.

 

Cosco: Results on low end of expectations but in-line.

FY11 rev at $4.2b +7.8% yoy with net profit $139.7m -43.8% yoy. This included a expected construction loss of $150.4m. Single margins remained in the single-digits with costs up due to the learning curve, 1st time jobs and overall reassessment of costs of orders.

Increase in rev was due to higher contributions from ship building and marine engrg projects and lower net profit was attributed to lower profitability of dry bulk shipping and higher costs in shipyard ops. Shipyard operations increased 10.1% to $4.1b in FY2011 with 34 bulk carriers delivered. Rev from dry bulk fell 52.9% to $66.8m due to lower charter rates.

Co's orderbook stands at US$6.1b with deliveries up to 1H2014. Co maintains a cautious outlook due to demand concerns and in light that IMF has lowered forecast for global growth from 4.0% to 3.3%. Appreciation of Yuan, China's interest rates, rising wages and raw material cost may affect co's operating margins. Cosco is also targeting 60% of new orders from the offshore segment in 2012.

3c dividend declared. Cosco is trading at 19.7x trailing P/E

Deutsche maintains Hold with TP$1.10

Nomura maintains Reduce with TP$0.69

JP Morgan maintains Neutral with TP$1.10

 

The immediately preceding FY = 4 cents

The current FY = 3 cents

 

I think 3 cents...additional 4 cents referring to preceeding FY...which is last year??

 

3 cents or 7 cents?

not clear.

Tek2009      ( Date: 23-Feb-2012 22:01) Posted: In fact it's much better than NOL. 44% net profit loss but still making money S$140mil + 3cents dividend.

 

In fact it's much better than NOL. 44% net profit loss but still making money S$140mil + 3cents dividend.

 

Tomorrow Cosco will be the next target slaughter by BBs after Wilmar, Genting and NOL. So fun to play earnings reports.

krisluke      ( Date: 23-Feb-2012 17:32) Posted: COSCO: FY2011 Net Profit Down 43.9% To S$139.7 Million. 23 Feb 2012 17:18 FY2011 Group turnover was up by 7.8% to S$4.2bn supported by better shipyard performance. Shipyard turnover rose 10.1% to $$4.1bn on higher contributions from ship building and marine engineering projects. Turnover from dry bulk shipping and other business fell 52.9% to $66.8m on lower charter-hire rates. Net profit attributable to equity holders of the Company dropped 43.9% to $139.7m on lower profit contributions from dry bulk shipping and the higher costs incurred in shipyard operations. The Group will continue to focus on deliveries as it upgrades its shipyard capabilities and efficiencies, and monitor costs... More information available here.

 

COSCO: FY2011 Net Profit Down 43.9% To S$139.7 Million.

FY2011 Group turnover was up by 7.8% to S$4.2bn supported by better shipyard performance. Shipyard turnover rose 10.1% to $$4.1bn on higher contributions from ship building and marine engineering projects. Turnover from dry bulk shipping and other business fell 52.9% to $66.8m on lower charter-hire rates. Net profit attributable to equity holders of the Company dropped 43.9% to $139.7m on lower profit contributions from dry bulk shipping and the higher costs incurred in shipyard operations. The Group will continue to focus on deliveries as it upgrades its shipyard capabilities and efficiencies, and monitor costs...

More information available here.

 

 

 

  Highlights:

• Group turnover was up by 7.8% to S$4.2bn supported by better shipyard 

performance. 

• Shipyard turnover rose 10.1% to $$4.1bn on higher contributions from 

ship building and marine engineering projects. 

• Turnover from dry bulk shipping and other business fell 52.9% to $66.8m 

on lower charter-hire rates. 

• Net profit attributable to equity holders of the Company dropped 43.9% 

to $139.7m on lower profit contributions from dry bulk shipping and the 

higher costs incurred in shipyard operations. 

• The Group will continue to focus on deliveries as it upgrades its shipyard 

capabilities and efficiencies, and monitor costs

 

The Board of Directors of COSCO Corporation (Singapore) Limited (the
" Company" ) wishes to announce that COSCO (Guangdong) Shipyard Co., Ltd
(" COSCO Guangdong" ), a subsidiary of the Company's 51% owned COSCO
Shipyard Group Co., Ltd, has delivered a bulk carrier of 57000DWT, " FLAG
MERSINIDI" , to its European buyer.
The delivery documents were signed by and between COSCO Guangdong and
the buyer on 10 February 2012.
The bulk carrier measures 189.99 meters in LOA (length of all), 32.26 meters in
breadth and 18 meters in depth.

 

How about cosco closing at 1.295 today? will it follow up NOL, STXOSV?

 

On Monday, Cosco trend sideway and closed at $1.26 with LOW volume of 12.42 million shares traded.

During the past 10 bars, there have been 6 white candles and 3 black candles for a net of 3 white candles.  During the past 50 bars, there have been 27 white candles and 18 black candles for a net of 9 white candles.

Both RSI & MACD are bullish though RSI in overbought region.

Important Resistance of Cosco: $1.295

Immediate Support of Cosco: $1.125

Currently prices are resisted by 200 days MA at $1.295

For the past 3 sessions, prices have ................ READ MORE

 

 

Wow! cosco broke-out of $1.22 with strong vol. expect to see more futher upwards..

 

I agree... Brought Cosco on Friday.

Very impressive run in Jan.

My target for Cosco is $1.385.

hpong5      ( Date: 04-Feb-2012 19:23) Posted: More upside on monday. Accumulation by big players for weeks already. The US jobs report is the catalyst it needs, at least for the short term.

 

More upside on monday. Accumulation by big players for weeks already. The US jobs report is the catalyst it needs, at least for the short term.