China Cosco is one of the largest dryship company in China and it also listed in SGX as "Cosco Corp" since it is from from China i will be more interesting to investigate and study their share listed in HKSE. Why not buy direct from Shanghai or Shenzen stock exchange? Well it will cost more commision and a lot of barriers to sell the stock that you purchase. "Play safe"

Let's us first look into China cosco then , Cosco Corp in SGX.

It retarce when it touch HKD$12.73 in early August09 and till now it taken 3weeks only for it to retace back to HKD$9xx, when an announcement made last week about their earning are not good(>600 Mil Lost). But since last week the market feel that this price is under estimeted this counter and started to rose(Also new in China of keeping the same R&R for the Bank).

Today half day price is (07Sept09/HKD$10.34) so did you manage to buy any? The target price should be HKG$12.7 but to be save you can set you target to sell at HKD$11.5. A possibility to make 10% margin...emm not bad

Summary
Today :HKD$10.34
Last wk:HKD$9.58
Target buy: now
1st Target sell:HKD$11.5 (11.2% margin)
2nd Target sell:HKD$12.50 (20.88% margin)

so you decide.....