Happy New Year to all. Its been long time since i last post.......
Hmm.... readers following my Roxy thread should have earned your 70% profit......wow wow wow.......
What is going to rocket soon????
Cosco???? Keep a look out
Kam sia for Roxy. The stock was unknown and was later discovered by a growing number of investors when there was more and more news on Roxy on this website. Roxy had good fundamentals and a deep discount to RNAV.
3Q10 results
"Cosco reported 3Q10 revenue of S$952.7m (+27% y-y) and net profit of S$55.1m
(+147% y-y). The strong performance was due to higher revenue from ship building and
offshore marine engineering projects as well as dry bulk shipping.
Earnings estimates for FY2010E to FY2012E
Since 1 January 2010, Cosco has won orders of about S$2.6 billion for vessels that will be
delivered up to FY2013. This is expected to boost its future profit. As improvements in
productivity are likely to increase its profit margins, we have raised our profit forecasts by
21.8%, 29.3% and 31.3% to S$202.7m, S$213.7m and S$225.0m in FY2010E, FY2011E and
FY2012E respectively." this is prior to the USD100 million contract win in dec 2010.
***Note share has rose 10cent from the time of my first post.... more to come ......***
load it or lose it......
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