Cosco at $1.06 still offers good dividend yield>7%

STI drop more than 58 points but this counter loses 4cts to $1.06...the dividend of $77 is indeed attractive,no adverse news at AGM ytday....waiting for global trade to pick up..shd catch up with NOL($1.37)...may not see its glorious days of $8 anymore but may be >$3 still possible before 2010 At $1.06 and $77 dividend yield of 7.26%..better than bank\'s deposits and consider U get the $$$ in

The key to investing in yield companies is to review if the yield is sustainable, rather than relying on historical dividend yields as a guide to future yield. Companies which have been adversely affected by this sharp downturn may reduce dividends or eliminate them entirely. It is up to the discerning shareholder to piece the facts together and form a realistic picture of the future dividend yield if he is to enjoy a steady return on his investment. Regards.

COSCO CEO SEES SHIPPING RECOVERY IN Q2

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Business is looking up for China’s Cosco Group, the world\'s largest dry bulk ship operator, as a recovering Chinese economy helps boost trade and international freight prices, its chief executive said last Friday. “Even a slight tick-up in the macro economy will surely enhance trade flows, which will benefit the shipping industry,” Wei Jiafu told Thomson Reuters in an interview on the sidelines of the Boao Forum. Cosco Group is the parent company of China\'s largest shipping conglomerate, China Cosco (1919.HK), Chinese shipbuilder Cosco Corp (COSC.SI) and Cosco Pacific (1199.HK), the world\'s fifth largest port operator. While China’s annual economic growth slowed to its weakest pace on record in the first quarter, analysts said sequential growth in the quarter almost doubled from the previous three months. The rate of decline in Chinese exports also slowed in March from February. The global shipping industry, battered by its worst crisis in decades, has seen dry cargo rates dive more than 90% after a five-year boom. “The situation for the first quarter was definitely not good as trade volume slumped. But it is improving impressively in the second quarter as shipping and leasing costs are trending up,” Wei said. The Baltic Exchange’s main sea freight index, the Baltic Dry Index , which tracks rates to ship dry commodities, has recovered strongly to about 1,680 from lows below 800 in the fourth quarter. Wei said that the freight rate for each of his company’s standard containers heading to Europe rose by about US$150 ($225) in April.