Breaking out with ease + high volume, that may propel to drive the price higher towards 45.5 cents with extension to 48 cents.
We would like to ride on the bullish white soldier thrust bar appeared on 24th July 2018 and take it higher towards 45.5 cents.
The company with the recent acquisition of Cogent Logistics + restructuring of the Yard business, it is slowly gaining back into profitable situation.
The coming quarter financial results reporting would be interesting to see how it fares and may provide further insights for it's futures business revenue/net profit direction.
Let say the EPS is about 3 cents, The PE would be About 13.1x based on current price of $0.395.
Not a call to buy or sell.
Please do your own Due diligence.
COSCO SHIPPING International (Singapore) Co., Ltd., an investment holding company, provides integrated logistics management services in South and Southeast Asia. Its logistics services include transportation management, container depot management, automotive logistics management, warehousing, and property management services. The company also offers ship repair and marine engineering services. In addition, it transports dry bulk cargos comprising grains, iron ore, coal, steel, cement, and fertilizers through operating three bulk carriers. Further, the company engages in the property rental activities. The company was formerly known as COSCO Corporation (Singapore) Limited and changed its name to COSCO SHIPPING International (Singapore) Co., Ltd. in April 2017. COSCO SHIPPING International (Singapore) Co., Ltd. was incorporated in 1961 and is based in Singapore. COSCO SHIPPING International (Singapore) Co., Ltd. is a subsidiary of China Ocean Shipping (Group) Company.
No comments:
Post a Comment