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F83 COSCO SHP SG

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  • 0.134
  • -0.002-1.47%
10min DelayTrading Apr 19 09:44 CST
300.06MMarket Cap134.00P/E (TTM)

COSCO SHP SG Stock Forum

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    $COSCO SHP SG(F83.SG)$
    149 again ! will it break ?
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    $COSCO SHP SG(F83.SG)$
    Cosco Shipping expects to turn profitable forF Y2023.
    It expects to report earnings of approximately $1.9 million for the FY2023 ended Dec 31, 2023, compared to the net loss of $88.86 million recorded for FY2022.
    The earnings reversal is primarily due to the company recognising a non-cash goodwill impairment of $99 million that arose from its acquisition of Cogent Holdings in 2018, which affected FY2022 financial results.
    While there was no such impairment of goodwill in F...
    $COSCO SHP SG(F83.SG)$
    Cosco rebounded from 0.132 as I mentioned on Feb 5. Shares closed higher above the MA200 with a surge in volume. MA5 is about to cross the MA20 and MA50. MACD is about to turn positive, RSI is constructive. It may reach resistance around 1.62.
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    $COSCO SHP SG(F83.SG)$$SamuderaShipping(S56.SG)$
    Mass diversions of container ships around Africa's Cape of Good Hope caused spot rates to surge, but the Red Sea effect has a limit, which may have already been reached.
    Upward momentum has slackened. Rates in most lanes have leveled off. Several indexes for European lanes have pulled back.
    "The squeeze in freight rates into Europe continues to abate from high levels, though freight rates in other regions remain firm," said Jefferies shipping anal...
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    $SamuderaShipping(S56.SG)$$COSCO SHP SG(F83.SG)$
    Shares of Samudera and Cosco likely to rise further.
    The Red Sea crisis and continued Houthi rebel attacks on cargo ships and tankers is now a bigger impact event for shipping than the early pandemic, according to the latest data from maritime advisory firm Sea-Intelligence which measures changes in vessel capacity.
    Red Sea attacks already bigger issue for supply chain than pandemic, maritime advisory warns
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    Red Sea windfall will only delay shippers' pain

    $SamuderaShipping(S56.SG)$$COSCO SHP SG(F83.SG)$
    Denmark's Maersk and Germany's Hapag-Lloyd, for example, have gained some USD18 billion in market value since mid-Dec, as militant attacks shut the Suez Canal, causing freight rates to double. Yet hopes for a lasting boost may be disappointed.
    Shipping groups are now re-routing major trade lanes including the Asia to Europe traffic around Africa's Cape of Good Hope, which adds at 10-14 days of travel ...
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