F83 Cosco long and tp at 0.485Cosco is a logistics company backed by China Cosco, a SOE. With increasing profits, improving balance sheets, improving COVID situation in South East Asia, the company shares may potentially appreciate further.
Next report date
Report period
H1 2024
EPS estimate
—
Revenue estimate
—
185.9032
0.0031USD
1.41 MUSD
133.05 MUSD
About COSCO Shipping International (Singapore) Co., Ltd.
Sector
Industry
Headquarters
Singapore
Website
Employees (FY)
847
Founded
1961
FIGI
BBG000BFJ351
COSCO Shipping International (Singapore) Co., Ltd. is an investment holding company, which engages in shipping and other logistics services. It operates through the following segments: Shipping, Ship Repair and Marine Engineering Activities, Logistics, Property Management, and All Other Segments. The company was founded on October 25, 1961 and is headquartered in Singapore.
COSCO BUY when it breaks out of bull flagBUY when it breaks out of bull flag. With shipping prices staying elevated, this could be a good inflation hedge. Cosco is also adopting technology in its operation and should allow it to compete in the new era.
F83.SGX_LongENTRY: 0.285
TP: 0.345
SL: 0.245
- ADX>25
- RSI>65
- MAs are aligned
- Break-up with good volume
<TradeVSA> Cosco - increasing momentum1. Accumulation stage
- low volume with narrow spread bar
- 20/40 MA golden cross spotted
-incresing price and volume trigerred green pentagon
2. Mark up stage
- gap up with increasing volume
-price well supported above the gap
-price sideway approaching 20 MA , support formed around 0.255
COSCO SHIPPING SG (F83)Last trading price at S$0.315.
Currently the price at major support line which is located at $0.320, if the price stable at this level, $0.43 will be the first target.
Momentum kicked in last month with positive volume, we shall see some bullish movement from this level.
Target price - $0.43, $0
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