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.
