Singapore Shipping Stocks: Still No Life Yet

Shipping Stocks in Singapore still very weak and no life seen yet. FTSE ST Maritime Index is currently moving sideway and seems to be finding a good support at about 264.7 level which is the 200D SMA and also the 61.8% FR level.

FTSE ST Maritime Index April17-2014

See previous post on FTSE ST Maritime Index and Singapore Shipping Stocks here.

FTSE ST Maritime Index Components Stocks

Yangzijiang has the largest weightage (47.28%) in this index, followed by NOL (19.03%), Cosco Corp (14.85%), Jaya Holding (6.19%), Pan United (4.33%) and the rest. Top 5 stocks contributes to 91.41% weightage to FTSE ST Maritime Index.

FTSE Maritime Index Component Stocks Mar-2014

Fundamental Comparison for Key Component Stocks

In general, Yangzijiang has the best fundamental compare with other stocks in this Maritime Index, followed by Jaya Holding. Cosco & NOL fundamental are pretty weak at the moment. We need to monitor Cosco & NOL in the coming earning announcement to see whether there are any significant improvement in the financial. As Yangzijiang has the largest market capitalisation and the best fundamental in all the shipping stocks in Singapore, we shall take a cue from Yangzijiang’s earning and stock chart for any hint for recovery.

FTSE Maritime Index Component Stocks Fundamental Comparison April21-2014

If you want to understand more about the meaning of the above financial ratio and fundamental analysis, check out Stock Fundamental Analysis here.

Yangzijiang Stock Chart

Yangzijiang broke out from a Falling Wedge and currently retracing to test the 200D SMA support. If Yangzijiang rebounds from this support level, the stock will start a medium up trend to the price target of $1.20 (Resistance of a Long Term Declining Line)

2014April17-Yangzijiang-800x600

NOL Stock Chart

NOL chart is still very bearish and no sign of reversal yet.

2014April17-NOL-800x600

COSCO Stock Chart

COSCO may be finding the bottom (potential forming of Double Bottoms) but need to see whether COSCO can clear the 200D SMA resistance or not before talking about the trend reversal.

2014April17-Cosco Corp-800x600

Jaya Holding Stock Chart

Jaya Holding is on up trend and currently retracing to test the up trend support.

2014April17-Jaya Hldg-800x600

Pan United Stock Chart

Pan United is on uptrend but currently facing the resistance at $1.08. Fundamentally (base on PE ratio) and technically not a good entry level.

Pan United April17-2014

Will Shipping Stocks in 2014 Recover?

2014 is Wooden Horse Year. Base on Fengshui and Numerology, stocks associate with water and transportation (Horse is used as transportation in the old days) should do well in 2014. This trigger me to do an analysis on the Maritime sector and shipping stocks in Singapore.

Original post by Marubozu from My Stocks Investing Journey.

FTSE ST Maritime Index Chart

The index has started an uptrend (forming a Higher High and Higher Low) but need to see whether all the key component stocks are on up trend. If all big cap component stocks are showing the same up trend pattern, it means the shipping sector has recovered in 2014 as investors are back in this sector.

FTSE ST Maritime Index Jan20-2014

FTSE ST Maritime Index Components Stocks

Yangzijiang has the largest weightage (48.31%) in this index, followed by NOL, Cosco Corp, Jaya Holding and the rest.

FTSE Maritime Index Component Stocks

Fundamental Comparison for Key Component Stocks

In general, Yangzijiang has the best fundamental compare with other stocks in this Maritime Index, followed by Jaya Holding. Cosco & NOL fundamental are pretty weak at the moment. We need to monitor Cosco & NOL in the coming earning announcement to see whether there are any significant improvement in the financial.

FTSE Maritime Index Component Stocks Fundamental Comparison

Yangzijiang Chart

YZJ is on uptrend and currently testing the uptrend support. This is the main reason that the FTSE ST Maritime Index is on up trend as YZJ has the largest weightage on the index. This is a FALSE alarm that Maritime or Shipping Industry has recovered.

2014Jan20-Yangzijiang-800x600

COSCO Chart

Cosco is currrently forming a Symmetrial Triangle and looks like has bottoming up. Watch out for the breakout and move above the 200D SMA resistance. This is the reversal pattern.

2014Jan20-Cosco Corp-800x600

NOL Chart

NOL is consolidating in a big Descending Triangle and looks like finding a bottom at about $1.00. Watch out for the breakout to upside for trend reversal.

2014Jan20-NOL-800x600

Jaya Holding Chart

Jaya Holding chart is bullish. The stock may move higher if the whole industry recovers due to Jaya’s good fundamental and the valuation is not demanding.

2014Jan20-Jaya Hldg-800x600

In Summary

There is a chance that Shipping stocks will recover in 2014.

Things to watch out for:

  • Fundamentally Cosco & NOL must show improvement in their financial performance for subsequent 2 quarters.
  • Technically Cosco & NOL must breakout and move above the 200D SMA resistance.
  • As long as there are no shock news in terms of financial performance for Yangzijiang, Cosco & NOL, shipping stocks should recover and start an uptrend in 2014.

COSCO Corp: Shooting Star!

Shooting Star at 200D SMA (sloping down). Watch out for reversal! Wait for confirmation!

2013Sept13-Cosco Corp-800x600

Original post by Marubozu from My Stocks Investing Journey.

Key Statistics for COS

Current P/E Ratio (ttm) 25.2322
Estimated P/E(12/2013) 28.1034
Relative P/E vs. FSSTI 1.9746
Earnings Per Share (SGD) (ttm) 0.0323
Est. EPS (SGD) (12/2013) 0.0290
Est. PEG Ratio
Market Cap (M SGD) 1,824.98
Shares Outstanding (M) 2,239.25
30 Day Average Volume 2,803,200
Price/Book (mrq) 1.3848
Price/Sale (ttm) 0.5362
Dividend Indicated Gross Yield 2.45%
Cash Dividend (SGD) 0.0200
Last Dividend 04/26/2013
5 Year Dividend Growth -22.16%
Next Earnings Announcement 11/01/2013