06-05-2013, 05:40 PM
How can we capitalize on Cosco's demise, other than not owning the counter?
tks.
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