Sound Advice from Warren Buffett

Not sure about the source, but sure sounds like good advice.

Warren Buffet’s advice for 2009:

We begin this New Year with dampened enthusiasm and dented optimism. Our happiness is diluted and our peace is threatened by the financial illness that has infected our families, organizations and nations. Everyone is desperate to find a remedy that will cure their financial illness and help them recover their financial health. They expect the financial experts to provide them with remedies, forgetting the fact that it is these experts who created this financial mess.

Every new year, I adopt a couple of old maxims as my beacons to guide my future. This self-prescribed therapy has ensured that with each passing year, I grow wiser and not older. This year, I invite you to tap into the financial wisdom of our elders along with me, and become financially wiser.

* Hard work : All hard work bring a profit, but mere talk leads only to poverty.

* Laziness: A sleeping lobster is carried away by the water current.

* Earnings: Never depend on a single source of income. [ At least make your Investments get you second earning ]

* Spending: If you buy things you don’t need, you’ll soon sell things you need.

* Savings: Don’t save what is left after spending; Spend what is left after saving.

* Borrowings: The borrower becomes the lender’s slave.

* Accounting: It’s no use carrying an umbrella, if your shoes are leaking.

* Auditing: Beware of little expenses; A small leak can sink a large ship.

* Risk-taking: Never test the depth of the river with both feet. [ Have an alternate plan ready ]

* Investment: Don’t put all your eggs in one basket.

I’m certain that those who have already been practicing these principles remain financially healthy. I’m equally confident that those who resolve to start practicing these principles will
quickly regain their financial health.

Let us become wiser and lead a happy, healthy, prosperous and peaceful life …

Channelnewsasia.com | Finance | Company Watch

Channelnewsasia.com | Finance | Company Watch: “The Board of Directors of COSCO Corporation (Singapore) Limited (‘the Company’) wishes to inform that the Company will be releasing its financial statement on the results of the Company for the Financial Year 2005 on Monday, 13th February 2006.

A press conference to brief the media and analysts will be held on the same day at 5.30p.m., Ballroom 2, The Fullerton Hotel, 1 Fullerton Square, Singapore 049178.

For and on behalf of the Board
Ji Hai Sheng
President
2 February 2006″

Cosco Corporation (Singapore) Limited

Cosco Corporation (Singapore) Limited: “Results Of Extraordinary General Meeting And Trading Dates Of Sub-Divided Shares

The Board of Directors of COSCO Corporation (Singapore) Limited (‘COSCO’ or the ‘Company’) is pleased to announce that at the Extraordinary General Meeting (‘EGM’) held on 17 January 2006, Shareholders have approved the following ordinary resolution:

ORDINARY RESOLUTION

THAT every one (1) ordinary share of S$0.20 in the authorised and issued and paid-up ordinary share capital of the Company be divided into two (2) ordinary shares of S$0.10 each and that Clause 5 of the Memorandum of Association of the Company be and is hereby amended accordingly so that it will read as follows:

‘The authorised share capital of the Company is S$250,000,000 divided into 2,500,000,000 shares of S$0.10 each in the capital of the Company, and S$378,293.33 divided into 37,829,333 redeemable convertible cumulative preference shares of S$0.01 each in the capital of the Company. The Company shall have the power to increase, or reduce its capital, to consolidate or sub-divide the shares into shares of larger or smaller amounts, and to divide the shares forming the capital (original, increased or reduced) of the Company into several classes and to attach thereto respectively, preferential, deferred or special rights, privileges or conditions as may “

Two High Value Contracts Totaling Two High Value Contracts Totaling

Cosco Corporation (Singapore) Limited

wo High Value Contracts Totaling
US$16.5 million

SINGAPORE (21st December 2005)

Singapore Exchange (?SGX?) mainboard listed COSCO Corporation (Singapore) Limited, a leading shipping and shipyard group, is pleased to announce that its 51%-owned subsidiary, COSCO Shipyard Group had successfully secured one high value contract and completed another totaling S$16.5 million.
Contract Commencing / Completed

Single to Double Bottom Conversion (Oil tanker) Commencing Jan 2006
Ore Bulk & Oil Carrier to Sea Bulk Transhipper Completed Dec 2005

The conversion of the single bottom oil tanker to double bottom at Cosco Dalian
Shipyard would be recognized in the first half of FY2006. In compliance with
International Maritime Organisation?s (IMO) safety regulations, more single hull
tankers will be phased out over the next few years. With an established track record in
double bottom and hull conversions, Cosco Shipyard Group expects more such high
value contracts.

Mr. Ji Hai Sheng, President of the Company and Vice Chairman of COSCO Shipyard
Group said, ?We are particularly pleased as the sea bulk transhipper conversion was
secured against stiff international competition. The project is technically complex and
demanding. As the conversion was successfully completed in good time, Cosco
Nantong Shipyard expects more Sea Bulk Transhipper conversions next year.?
COSCO Shipyard Group is the largest ship repair group in the People’s Republic of
China. The Group expects to attract more of such conversion contracts, as the
mandatory conversion of single hull tankers to anti-spill double hull gathers momentum
and urgency.

None of the directors or controlling shareholders of the Company has any interest,
direct or indirect in the contracts.

The contracts are not expected to have a material impact on the net tangible assets and
and earnings per share of the Company for the year ending 31st December 2005.
About COSCO Corporation (Singapore) Ltd

Listed on the main board of the Singapore Exchange, COSCO Corporation is a
diversified group with core activities in shipping and shipping related services.
The Group owns 14 bulk carriers and majority stake in the largest shipyard
group in China, operates shipping agencies as well as provides marine
engineering and ship repair services. COSCO Corporation is the listed
subsidiary of China Ocean Shipping (Group) Company, the largest shipping
group in China.

More Business for Cosco Corp…Not a bad news…

Xinhua – English: “Xiamen port to raise US$156m in IPO
www.chinaview.cn 2005-12-05 09:01:45

BEIJING, Dec. 5 — Xiamen International Port, China’s seventh-busiest container port operator plans to raise up to HK$1.22 billion (US$156 million) in an initial public offering, sources involved in the deal said on Friday.

The company plans to offer 858 million H shares at an indicative price range of HK$1.18 to HK$1.42, representing 13.3 to 16 times 2005 earnings, sources said.

By comparison, bigger mainland rivals China Merchants Holdings and COSCO Pacific trade at 10.4 to 14.9 times forward earnings.

It has also agreed to take on China Shipping Group, the parent company of China Shipping Development and CSCL , as a strategic investors, sources said.

Xiamen Port, in China’s Fujian province across from Taiwan, was granted approval for its IPO from the Hong Kong stock exchange’s listing committee last month for what will be the first from a pure mainland port operator.

China’s port operators are benefiting from robust global demand for Chinese goods and China’s voracious demand for more raw materials to feed its booming economy, making them enticing investment targets for foreign operators.

The company plans to begin trading on Dec 19.

BNP Paribas Peregrine is the sponsor of”

SALE OF PROPERTIES BY HARINGTON PROPERTY PTE LTD

Focus on core business is alway good!

COSCO Corporation (Singapore) Limited
(Company Registration No.: 196100159G)
SALE OF PROPERTIES BY HARINGTON PROPERTY PTE LTD
The Board of Directors of COSCO Corporation (Singapore) Limited (“Company”)
wishes to announce that its wholly-owned subsidiary, Harington Property Pte Ltd
(“Harington”), has on 11 November 2005, upon receipt of 1% of the total consideration,
granted a purchase option (“Option”) to 3F Investments Pte Ltd, a company incorporated
in Singapore (Registration No: 200515120R), for the sale (“Sale”) of the properties
known as No. 101, 103, 105, 107, 109, 111, 113 and 115 Telok Ayer Street, Singapore
(“Property”) at the price of S$18.6 million. The balance of the option monies,
representing 9% of the total consideration was received on 25 November 2005. The
balance of the consideration shall be made payable to Harington by 3 February 2006.
Consideration
The said consideration was arrived at on a willing-buyer-willing-seller basis through
Savills (Singapore) Pte Ltd, a property marketing firm which was appointed to market the
Property on 15 September 2005.
The property has a net book value of S$22.6 million which was based on an independent
professional valuation carried out by CB Richard Ellis (Pte) Ltd on 7 January 2005.
Rationale
The abovementioned Sale is in line with the Company’s strategy to divest its non-core
property assets and to focus on its core businesses on ship repair and engineering, and dry
bulk shipping.
Financial Effect
A loss of approximately S$4.3 million, including expenses from the sale of the above
property will be accounted in the financial year ending 31 December 2005.
The sale of the above property is not expected to have any material impact on the
Company’s net tangible assets and earnings per share for the financial year ending 31
December 2005.
Directors’ and Controlling Shareholders’ Interest
None of the Directors or controlling shareholders of the Company have any interest,
direct or indirect, in the abovementioned transaction.
BY ORDER OF THE BOARD
Yao Hong
Director
29 November 2005

What’s with Cosco?

I am sure many of my readers would have known this by now….That Cosco Corp is doing a 2 for 1 stock split. The first thought of mine, that of an unsaavy investor what that’s why this stock split, it is not as if the stock of Cosco Corp is so expensive and hence investors are not parking their money on it.. How true is this? Ask ourselves again, Cosco Corp did particularly well this year or should I say for the past 2 years, the stock price has doubled. Well, in my previous company, a great company even till today I think it is. a company with great fundamentals and a very good business model, they did the stock split when the stock price hit 1xx. Rational decision indeed.

Going to the coming months, personally I hope to see Cosco hit 4 dollars(I know how difficult it is!) but a split from 4 bucks is a nice..and it means that every stock after the split, will be 2 dollars, a fair value to pay, I should say. With strong fundamental, and burgeoning demands for materials, infrastructure, etc for the every growing chinese market…why would I bet against cosco. For any strong economy, there must be an equally strong mover/supplier/transporter of their economy…Given that China is already the world’s de facto manufacturer of goods, why would Cosco being in the right place and at the right time, capitalize on it…So, Cosco ships will set sail around the world delivering goods from Chinese factories to around the world. Without ships to move their products to serve the world’s market, I cannot see how Chinese economy is blooming and that is not hearsay! I seen it with my own ears when I was in China just weeks ago. Plenty of growth opportunities! Who knows? I may go seek my fortunes there. Well, that’s another story for another day..

In essence, Cosco corp’s growth should be in tandem with the chinese economy. From now till 2008, it is growth and more growth. Lest some shit happens….which I hope not.

Here’s Wynx signing off. Wishing you a huatful day.

~Clocking yet another step towards being debt free~

Cosco proposes two-for-one stock split to improve liquidity

Cosco proposes two-for-one stock split to improve liquidity
By Anjana Menon, Channel NewsAsia

SINGAPORE : Cosco Corporation has announced plans for a two-for-one stock split to improve the liquidity of its shares.

As of Thursday, Cosco has around 1.1 billion ordinary shares with a par value of 20 cents in issue.

The proposed sub-division will raise the number of shares to 2.2 billion with a par value of 10 Singapore cents.

Cosco says the move will make its shares more affordable to investors.

Cosco, which repairs ships and carries bulk cargo, posted record profits in its third quarter ended September.

At the close of trade on Thursday, it had a market value of about S$2.6 billion, with shares trading at S$2.33 each.

Cosco shares have almost doubled in value this year.

The proposed stock split is subject to shareholder and regulatory approval. – CNA /ct

What I think…

2 for 1 stock split is always good for the company…using the CAN SLIM Methodology as proposed by O’Neal..Cosco seems like a really safe bet. (Shouldn’t count my eggs,yet)

Some News about Cosco

TNT and Cosco to Jointly Develop China and Asia Pacific Logistics Business

Cosco Group, the world’s second largest and China’s largest shipping company, together with TNT, a leading global mail, express and logistics company, unveiled a strategic partnership, with the formation of a Joint Venture (JV). The announcement is made jointly by Captain Wei Jiafu, President of Cosco Group and Mr Peter Bakker, CEO of TNT. The partnership will enable Cosco to further penetrate into the Asia Pacific logistics market, and it will enable TNT to expand its presence in China as well as its China-linked logistics business.

As a first step in this strategic partnership, both industry leaders today signed the Letter of Intent for the establishment of a logistics JV. The JV aims at becoming the world’s recognized leader in supply chain management in the Asia Pacific region. The combined strengths of both companies will create more comprehensive service offerings and geographical coverage to customers.

The new 50/50 JV is expected to be operational in 2006. The activities that will be injected into the JV initially are Cosco’s home appliance logistics business in China and TNT’s Pallecon Logistics business in Australia. The combined warehouse space will be approximately 1 million square meters and the number of employees around 1,000. The near term objectives are to develop the home appliance logistics business and to introduce the Pallecon business into China. The JV is also aimed at the continued growth of Pallecon and the active development of China linked logistics in Australia.

The new JV combines the strengths of Cosco’s home appliance market knowledge, customer base and nationwide network with TNT’s global network, IT platforms and value-added logistics know-how to offer customers with simplified, seamless, end-to-end supply chain solutions.

Adrian Gonzalez, ARC Advisory Group, commented, “Logistics outsourcing in China is still in its infancy. Depending on the data source and how logistics is defined, there are between 50,000 and 510,000 ‘logistics businesses’ in China, and no player controls more than 2 percent of the market. But spending on logistics outsourcing is growing over 25 percent a year, hence the gold rush by US and European Logistics Service Providers, like TNT, United Parcel Service, Meridian IQ, Schneider Logistics, and Caterpillar Logistics to develop a presence in the country. Aside from freight forwarding services, it’s difficult for LSPs to make money at the moment in China. But like the lottery, you can’t win the jackpot–even if it’s a few years away–if you don’t play. You have to be in it to win it.”

Vested in Cosco Corp as part of portfolio building….

Bought into Cosco Corp…today…

Price is quite attractive and given the good results of Singapore 3rd quarter economic data, and good US stock performance….plus lowering of oil prices..

It seems it is a good time to buy. COSCO is the market leader in China and from my visist to Xiamen last week. It seems that there is still alot of potential for China to grow…Infrastructure projects..needs shipping of materials, heavy duty machinery, logistics, etc….

Plus, after analysing with Decipher today about Cosco based on the CANSLIM Methodology as proposed by William O’ Neal..I can’t think of a better time to enter and get myself vested in Cosco.

As of market close, today, Cosco did manage to close 0.01 cents higher than its previous day close. Volume is low but I supposed it is all about building of bases, readying for bigger things to come.

Just google on Cosco and discovered that COSCO teamed with TNT to enter the Australian Market…That’s good news in my humble experience…

Anyhow, still got lots and loads to learn. Taking another step to growing my money tree