COSCO Shipping International *Official* (SGX: F83)

ccostagmont

ccostagmont

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Jupiter2017 said:
http://www.businesstimes.com.sg/com...92-to-all-time-high-of-s0595-in-early-trading
Hot stock: Cosco Shipping rises 9.2% to all-time high of S$0.595 in early trading
Tue, Nov 14, 2017 - 10:14 AM Navin Sregantan navinsre@sph.com.sg

SHARES in Cosco Shipping International (Singapore) Co rose 9.2 per cent on Tuesday morning to hit an all-time high, continuing a week-long surge.
Cosco shares traded at 59.5 Singapore cents as at 9.48am, up five cents or 9.2 per cent, from its previous close on Monday, which itself represented a gain of S$0.105 or 23.9 per cent up on its Friday close.
The stock has gained 51 per cent over the past week, and 95 per cent over the past two weeks.
The stock's current rally occurred shortly after Chinese shipbuilder Yangzijiang Shipbuilding reported better-than-expected third-quarter earnings. That was also just after Cosco - which provides ship repairing, ship building, and marine engineering services primarily in China and Singapore - announced a S$488 million cash buyout at S$1.02 per share of Singapore-listed logistics firm Cogent Holdings on Nov 3.
That offer represented a 5.2 per cent upside for Cogent's shareholders based on the 97 Singapore cent price of the stock before the bid was announced. As at 10am on Tuesday, Cogent's shares were trading at S$1.01.
Cosco's gains have also come on the heels of the company having divested its shipyard business and its plans to buy Indonesian shipping logistics company PT Ocean Global for S$14 million in a cash deal.

** price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=F83.SI
Click to expand...
$ 8 all time high...
Dis **** dunno smoke semo....

Sent from Xiaomi REDMI NOTE 3 using GAGT
 
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