Tuesday 31 August 2010

Chart - CoscoCorp

 Cosco looks like a possible swing trade target with a target of $1.70 to $1.80 and a cut loss below the recent low.

Valuation wise, the company is trading at a consensus PER of 21x for FY2010 and 17x for FY2011. Not exactly a cheap stock unless it can continue to win contracts.

This blog will take a break for a few days as I will be travelling for work.

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