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CoscoCorp
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leonwangls
Member |
20-Apr-2012 12:26
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after dividend likely to be below $1.00 just like before. | ||
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churnw
Elite |
20-Apr-2012 11:45
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upward is more likely .................BB push up.. |
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ronleech
Elite |
20-Apr-2012 11:11
Yells: "Believe in yourself. Ride with the waves......" |
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30th april
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ronleech
Elite |
20-Apr-2012 11:08
Yells: "Believe in yourself. Ride with the waves......" |
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Dragged and held by european side...will it go up in the afternoon? |
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churnw
Elite |
19-Apr-2012 20:16
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contract awarded ......... USD 220M (See below). up up up....... tomorrow
The Board of Directors (the “Board”) of COSCO Corporation (Singapore) Limited (the “Company”) wishes to announce that COSCO (Guangdong) Shipyard Co. Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has secured a contract with Energy Drilling Pte Ltd (“Energy Drilling”) to construct 2 units of Self Erecting Drilling Tender Barges valued at over USD220 million with an option for an additional 2 barges. The 2 barges
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churnw
Elite |
19-Apr-2012 10:07
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lelong lelong, cheapest amoung kep corp and semb corp... | ||
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churnw
Elite |
18-Apr-2012 16:39
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got some at 1.09............ go up up up........... |
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churnw
Elite |
18-Apr-2012 16:25
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closer to XD date.......... might go up anytime.... | ||
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Sporeguy
Elite |
18-Apr-2012 10:18
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Prices moving lower lows but Stochastic higher low. So going up in short term.Moreover MACD is cutting upwards. | ||
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Sgshares
Elite |
17-Apr-2012 14:17
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wait for $1.03 | ||
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jqpooling
Member |
17-Apr-2012 13:15
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when is the dividend? | ||
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churnw
Elite |
17-Apr-2012 12:34
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now looking very attactive at 1.08. Somemore 3cent divdiends........vested. | ||
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seanpent
Supreme |
13-Apr-2012 12:06
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looks like a sharp turn upwards pattern ..... similar to dbs pattern ? if so, likely to gate crash the shortists ..... |
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seanpent
Supreme |
13-Apr-2012 11:05
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may test 1.15 later (just prediction) | ||
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snooty
Senior |
13-Apr-2012 10:10
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huat ahhhh.. but im still at a loss.. bought at 1.15 recently.. on hindsight, if onllllyyyy i could just wait for two dayssss... but if everyone has that ability, there will be a lot more lambo and ferraris on the streets... hahah.. | ||
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seanpent
Supreme |
13-Apr-2012 09:34
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and hopefully can see some scooping up action | ||
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seanpent
Supreme |
13-Apr-2012 09:22
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cosco in technical reversal mode ..... hope will rally nicely from hereon ..... |
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seanpent
Supreme |
13-Apr-2012 08:58
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yup, it's a lot ..... interestingly, previously even with analysts' write-ups, cosco still cheong ..... not sure what these analysts are up to ?
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moneycow
Elite |
13-Apr-2012 02:49
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Cosco Corporation: FULLY VALUED S$1.10 Bloomberg Code: COS SP Secures 4th tender rig contract from Seadrill Price Target : 12-month S$ 0.88 ========================= Tender rig order worth US$75m. Cosco has secured a contract to build a self-erecting tender rig T18 valued at US$75m from Seadrill, excluding owner furnished drilling equipment. T18, when completed, will be equipped with enhanced drilling capabilities allowing for higher drilling efficiency including the advantage of a light weight drilling equipment set. The rig is capable to drill at 6,500 feet and a drilling depth capacity of 20,000 feet. 4th contract from Seadrill. This is the 4th tender rig order from Seadrill, exercising its last option with Cosco. As a recap, Seadrill was awarded two options (T17 and T18) in February 2011 when T15 and T16 were contracted to Cosco. The option over T17 was exercised in Apr 2011. (Embedded image moved to file: pic09970.jpg) Source: company 14-15% increase in contract value. The contract price of US$75m represents a 14-15% increase over the average price of US$65-66m for the first three orders. We believe the initial orders were not profitable as company lowered prices to secure first tender rig contract from first-tier operator. Seadrill is a leading offshore deepwater drilling company and operates a versatile fleet of 63 units (of which 16 are under construction) that comprises drillships, jack-up rigs, semi-submersible rigs and tender rigs for operations in shallow to ultra-deepwater areas in harsh environment and benign environments. With the climb up in learning curve and better pricing, we expect the latest contract to fetch gross margins of about 10%. Offshore enquiry is high. A slew of offshore contracts lately are confidence boosters on Cosco. YTD order wins amounted to US$635m, forming 32% of our assumption of US$2bn. We understand that the enquiry level for offshore projects is high. The ability of securing offshore projects at stronger prices will enhance Cosco’s profitability and earnings visibility moving forward. (Embedded image moved to file: pic25608.jpg) source: company Valuation looks stretched still. While company outlook is improving, current valuations of 18x FY12 PE and 1.8x P/Bv appear expensive for a company with patchy track record. Maintain FULLY VALUED and TP of S$0.88, translating to PE of 14.7x on FY12 earnings. |
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rutheone1905
Veteran |
12-Apr-2012 22:03
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it will drop, enter when it drops. | ||
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