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Cosco Shipping International (Singapore)

Investing ideas

DBS initiates 'hold' on Cosco with eye on further logistics growth

"Cogent’s warehouses are currently operating above optimal capacity, but an upside to earnings could come from acquisitions,"

Results

Cosco Shipping posts 13% higher FY20 earnings of $8.3 mil

Shares in Cosco closed 0.5 cent higher or 1.9% up at 27.5 cents on March 1.

Results

Cosco Shipping International reverses out of the red in FY17 after stake sale of subsidiaries

SINGAPORE (Mar 1): Cosco Shipping International (Singapore) reported full-year earnings of $263.9 million in FY17 compared to a loss of $466.5 million a year ago.

Cosco's offer for Cogent 'fair and reasonable', says adviser CIMB

SINGAPORE (Dec 7): CIMB Bank says Cosco Shipping International’s $1.02 per share offer for Cogent is fair and reasonable under prevailing market conditions.

Broker's Calls

Cogent's 3Q results reinforce Phillip's call to reject Cosco's offer

SINGAPORE (Nov 28): Phillip Capital is sticking to its guns, advising Cogent shareholders to  reject the $1.02 cash offer from Cosco Shipping International.

In print this week

What is fuelling the rise in M&A activities lately?

SINGAPORE (Nov 10): At least one new deal has been announced every day over the last week, with the largest being COSCO Shipping International (Singapore)’s $488 million offer for logistics services provider Cogent Holdings on Nov 3.

Broker's Calls

Could logistics business foray move Cosco's share price?

SINGAPORE (Nov 7): DBS Group Research is keeping its “hold” call on Cosco Shipping International (Singapore) but raising its target price to 33 cents, from 27 cents previously, in view of better clarity on its new core business ahead.

Results

Cosco Shipping 2Q net loss narrows to $20.8 mil

SINGAPORE (Aug 4): Cosco Shipping International (Singapore) reported net loss narrowed to $20.8 million in 2Q17 from $36.8 million in 2Q16.

Cosco Shipping Int'l (S) selling stakes in 3 shipbuilding units back to parent for $297 mil

SINGAPORE (May 5): Cosco Shipping International (Singapore) is selling its stakes in three shipyard, ship repair and ship building subsidiaries to its parent company China Cosco Shipping for a consideration of RMB 1.47 billion ($297.1 million).
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