Cosco Ship Energy 1138 (former China Shipping Development)

[winston]

DJ China Shipping Container Swings To 1H Net On Freight Rates
Aug 25, 2010

SHANGHAI (Dow Jones)--China Shipping Container Lines Co. (601866.SH, 2866.HK) said Wednesday it swung to a first-half profit as freight rates recovered from declines during the global financial crisis.

The company, China's largest container shipper by capacity, said its profit for the six months ended June 30 was CNY1.17 billion, according to Chinese accounting standards. The company reported a loss of CNY3.42 billion a year earlier.

Revenue rose 77% to CNY16.04 billion from CNY9.04 billion.

China Shipping Container, which is listed in both Hong Kong and Shanghai, is a unit of Shanghai-based China Shipping (Group) Co., the world's eighth-largest shipping company by capacity and the parent of China Shipping Development Co. (600026.SH, 1138.HK).

Source: Joanne Chiu and Joy C. Shaw, Dow Jones Newswires

[winston]

vested

Third Quarterly Report of 2010

During the nine months ended 30 September 2010, the Group achieved a shipping volume of approximately 198.78 billion tonne-nautical miles and achieved an operating revenue of approximately RMB8,480,330,000, representing an increase of approximately 23.85% and 29.03% respectively as compared with the same period of 2009.

EPS Growth 64%


Expected 2010 annual results

It is estimated that the international and domestic shipping market will remain stable for the fourth quarter of 2010. The Group expects that the annual results of the year ending 31 December 2010 shall increase over 50% as compared with 2009.


http://www.hkexnews.hk/listedco/listcon ... 025617.pdf

[winston]

Not vested anymore.

DJ MARKET TALK: China Shipping Devt Down 0.7%; GS Cuts Target

1145 [Dow Jones] China Shipping Development (1138.HK) down 0.7% at HK$11.86, after reporting quarterly results with 9M net profit +64% on-year at CNY1.457 billion, equal to 73.8% of FY10 net profit forecast based on Thomson Reuters.

Goldman Sachs says 3Q pre-exceptional profit of CNY447 million below house's forecast of CNY523 million on back of higher-than-expected operating expenses; adds, revenue remained flat on-quarter as higher volumes (+9.7% on-quarter) offset by sequentially weaker bulker and tanker rates in 3Q.

Keeps H-shares at Neutral, but cuts target to HK$9.80 vs HK$10.80, on lower target multiple of 1.57X vs 1.66X, mainly to reflect lower forecast of return on fleet at 12.4% over FY11-FY12 vs 12.9% previously.

Source: Dow Jones Newswire

[winston]

Why China Shipping Development Is The Only Winner Of China’s Mega Shipping Merger

By Shuli Ren

China Shipping Development will transform from a tanker and dry bulk player to a pure tanker company, with the largest tanker fleet globally, through its acquisition of COSCO Dalian’s fleet operations.

In addition, this company will be selling its dry bulk operations at 0.99 times book.

If marked to market, its dry bulk operations are probably worth only 0.8-0.85 times its book value, estimated Deustche.

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... ng-merger/

[winston]

not vested

CHINA SHIP DEV Predicts 1Q16 to Earn RMB155M, Up 135%

CHINA SHIP DEV (01138.HK) issued a profit warning, predicting the net profit in the first quarter of 2016 to be about
RMB155 million (about HK$186 million), which is 135% higher than RMB65.95 million (about HK$79.05 million) net profit
recorded same period last year, mainly attributable to the freight rates remained high in the international oil transportation market in the first quarter of 2016, resulting in the increase in revenue achieved by the group from international oil
transportation compared to the same period of last year;

The decrease in bunker oil price compared to the same period of last year, resulting in relatively significant decrease in bunker
oil expense recognised by the group; and in February 2015, the company completed its redemption of all outstanding convertible bonds which led to lower amount of interest-bearing debt borne by the company, and simultaneously with several rounds of interest rate cut in 2015 by the People?s Bank of China, resulting in further decrease in interest expense recognised by the group.

Source: AAstocks

[winston]

not vested

April 28, 2016

<Result Ann>CHINA SHIP DEV(01138.HK) 1Q Net Profit Soars 134.55%

CHINA SHIP DEV (01138.HK) announced that for the first quarter as of the end of March, net profit rose 134.55% yearly to RMB155 million.

EPS equaled RMB0.0384.


Source: AAStocks Financial News

[winston]

not vested

CHINA SHIP DEV Expects Net Profit to Surge 100%-150%

CHINA SHIP DEV (01138.HK) 0.000 (0.000%) Short selling $61.60K; Ratio 0.411% issued a positive profit alert.

The group expects its net profit for the six months ended 30 June 2016 to have a significant increase of approximately 100% to 150% as compared to a net profit of approximately RMB837 million for the same six months ended 30 June 2015.

Source: AAStocks Financial News

[winston]

vested

16 Aug, 2016

Shiu Yuk Ming: CHINA SHIP DEV (01138.HK) PrevClose: $4.79; Resistance:$4.98; Support/Stop:$4.57

Source: AAStocks Financial News

[winston]

vested

CHINA SHIP DEV Plans to Buy 43% Stake in Shenzhen Sanding Oil-Shipping at Estimated Cost RMB258M

CHINA SHIP DEV (01138.HK) announced that it acquired 43% equity of Shenzhen Sanding Oil-Shipping (target company) from the vendor Guangzhou Zhenhua Shipping.

The consideration of sale stake was estimated to be about RMB258 million.

The scope of business of the target is the trading of petrochemical products, construction materials, vessel components, petroleum machinery, automobile components and electronic components, domestic coastal oil transportation, international dangerous goods transportation, agency services for domestic and internal cargos, vessel leasing and transportation business consultation services.

Source: AAStocks Financial News

[winston]

vested

Aug 22, 2016

CHINA SHIP DEV Completes Major Asset Restructuring

CHINA SHIP DEV (01138.HK) announced that according to the asset transfer agreement entered into among the company, COSCO and COSCO Bulk on 29 March 2016, the company has paid to COSCO for the shortfall between the considerations for the assets disposed and the assets acquired under the major asset restructuring on 15 July 2016. As such, the major asset restructuring has been completed.

Dalian Ocean Shipping Co., Ltd, the target company proposed to be acquired under the major asset restructuring, has completed the transfer registration procedures of changing the shareholder from COSCO to the company with the relevant industry and commerce authorities, and has completed the transfer registration procedures of changing its company name to COSCO Shipping Tanker (Dalian) Co., Ltd..

China Shipping Bulk Carrier Co., Limited, the target company proposed to be disposed of under the major asset restructuring, has completed the transfer registration procedures of changing the shareholder from the company to COSCO Bulk with the relevant industry and commerce authorities.

Source: AAStocks Financial News