Why Cosco's 4Q13 results are feared to be uglier

Analysts see the worst coming.

According to CIMB, they believe that Cosco’s 4Q results could be uglier, owing to the reversal of profits for the cancellation of its drillship order. 

The cancellation is now under arbitration and the company is unable to quantify any financial impact.

Here's more from CIMB:

However, in line with the conservatism principle in accounting standards, we believe that we would see the impact in 4Q.

Upside risk would come from a successful sale of the drillship. The unit is undergoing sea trials and Cosco shares that it has several enquiries for the vessel.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.