The following are some of the headlines for Cosco.
Cosco Corp Target Raised To S$1.45 From S$1.03 By Phillip Sec || 1 day ago
Cosco Rebounds On Rig Order Worth Over US$500M || 2 days ago Cosco Singapore Unit Gets Rig Contract Worth Over $500M || 2 day ago
CLSA Raises Cosco Target To S$1.05; Keeps Sell || 4 days ago Cosco Corp Target Raised To S$1.05 From S$0.83 By CLSA || 4 days ago
Cosco Down 4.8%; Worst May Not Be Over - CIMB || 5 days ago Cosco May Fall On Contract Issues, STI Exit || 5 days ago CapitaMalls Asia To Replace Cosco In STI Index || 5 days ago
Cosco is a shipping liner. I work in logistic sector. They are quite well-known.Reputable. To me, Long term stock like NOL. Keep now. End of the year. Sure go up. Chiong ah.
This stock is laggard. It ever hit a high of $8 in 2007. It was punted down to 70c after the Co announced a series of contract delays and cancellation.
As the economy is picking up, i foresee this stock would move up. $2.50 is a reasonable target.