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How can we capitalize on Cosco's demise, other than not owning the counter?
tks.
(06-05-2013, 03:46 PM)CityFarmer Wrote: Cosco did real badly, and in relative YZJ did much better. 
STI up; Cosco Corp hits 4-year low
Singapore shares rose on Monday as positive data from the US instilled optimism and boosted investor confidence, while shares of Cosco Corp tumbled to their lowest in more than four years on disappointing earnings.
The Straits Times Index gained 0.4% to 3,383.25, while the MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.9%.
Shares of Cosco Corp, a unit of China's maritime conglomerate China Ocean Shipping (Group) Co, fell more than 6% to $0.815 after the company posted a 65% drop in its first-quarter net profit.
http://www.theedgesingapore.com/the-dail...r-low.html
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COSCO management has not diversified its opernations like YZJ.
Perhaps, the directors should change the CEO.
(Vested)
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Capitalise on Cosco demise? Will it happens? i doubt? Short it then? Or may be a good buy at 60 Cents or below?
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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Following today ending trading whenever there is buying support at 82 cents, there is selling at 81.5 cents. i wonder who are behind all these trading?
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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Cosco blokes have already made their money years ago - it was a darling pre GFC and since then the new team is really there to keep the company going.
Need not try to hard - its a Ching co - how much can you trust them especially when there is minimum trust even between their own people?
Odd Lot Vested
GG
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(08-05-2013, 05:34 PM)greengiraffe Wrote: Cosco blokes have already made their money years ago - it was a darling pre GFC and since then the new team is really there to keep the company going.
Need not try to hard - its a Ching co - how much can you trust them especially when there is minimum trust even between their own people?
Odd Lot Vested
GG
Agree.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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Cosco still not doing well...
Cosco Corp's 3Q net profit falls 61%
Cosco Corp (Singapore) said its third quarter net profit fell 61% to $16.4 million from the same period a year earlier due to lower contributions from dry-bulk shipping and shipyard operations.
Net profit attributable to equity holders of the company fell 84.1% on the year to $4.2 million in the third quarter.
Cosco Corp, a subsidiary of China's state-owned maritime conglomerate, China Ocean Shipping (Group) Co, said its profit for the first nine months of the year dropped 68% to $26 million.
The company's order-book stood at $7.2 billion at the end of September, up from $6.7 billion three months earlier.
Cosco Corp shares closed at $0.79, down nearly 12% so far this year, compared with a 1% gain in Singapore's benchmark Straits Times Index.
http://www.theedgesingapore.com/the-dail...ls-61.html
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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Further bad news on Cosco...
China extends graft investigations to shipping industry
(Reuters) - China's investigations aimed at rooting out corruption have now extended to the shipping industry, with China COSCO Holdings (1919.HK)(601919.SS) saying that one of its top executives is the subject of government inquiries.
COSCO, China's largest bulk shipping company, announced on Friday that its vice president, Xu Minjie, had resigned - a day after it said he was "under investigation by the relevant authorities", phrasing used in China to describe corruption investigations.
...
http://www.reuters.com/article/2013/11/0...3V20131108
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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Recently. Heads are being chopped at 央企. PetroChina, now this.
Read that 央企 a lot of 太子党. Which are naturally anti-reform due to vested interests.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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