Hot Stocks – Marine plays sink
Keppel Corp – Strongest among the weak
SembCorp Marine – Down in the depths
Cosco – Set to break support
Last Friday’s break below $1.35 indicates yet another downside target, this time at 65 cents. Back in 2002, when Cosco lacked a sense of direction and had a hodgepodge of business, it traded at 40 cents. Now, as an established shipbuilding company and breaking into engineering and offshore, with a strong balance sheet and a net cash position, it’s hard to grasp its fall into the abyss. Quarterly momentum is hugely oversold, and RSI has even stopped falling. But a recovery probably won’t materialize till investor panic has run its course.
Yangzijiang- Penny stock status
ASL Marine – That sinking feeling
Jaya Holdings – Set for a breakdown
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