Thursday, March 16, 2017 1:37:28 PM
SINO is a 20m cap company. Industry Shipping PE is about 250 should give you an estimation of SINO Target price relating current EPS and recent contracts/agreement. that's a long term holding.
Looking forward to a great year w/their new partner Cosco
COSCO is a huge company w/many subsidiaries.
Sino-Global Enters Into Strategic Cooperation Agreement with China Ocean Shipping Agency Qingdao Co., Ltd.:
"COSCO Qingdao is a part of COSCO International Freight Co., Ltd., a subsidiary that operates under China Ocean Shipping (Group) Company and China COSCO Holdings Company Limited ("China COSCO Holdings") and that specializes in international freight forwarding, shipping agency and full supply-chain services".
http://www.wpsdlocal6.com/story/34244300/sino-global-enters-into-strategic-cooperation-agreement-with-china-ocean-shipping-agency-qingdao-co-ltd
so let's check about China Ocean Shipping (Group): Company Overview
China Ocean Shipping (Group) Company engages in marine shipping, logistics, and ship building and repairing businesses. Its shipping business operations include container shipping services; bulk shipping services for products ranging from iron ore, coal, grain, fertilizer, steel, and timber to agricultural products, etc.; tanker shipping services for crude oil, product oil, LPG and LNG, etc.; liner and tramp services, including heavy lifts, semi-submersibles, RO-ROs, multi-purpose carriers, timbers, asphalts, and car carriers; and passenger and cargo shipping services. The company’s shipping related business activities comprise providing logistics services; developing and operating container...
http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=5425831 --------> leads to their Website:
en.cosco.com http://en.coscocs.com/col/col6918/index.html
now.Please Read this: http://splash247.com/us-could-be-global-lng-export-leader-by-2035/
china has also HUGE metals needs such as Iron. China plans $720B infrastructure investment. "34 giant Chinese infrastructure projects that are reshaping the world" http://www.businessinsider.com/chinese-infrastructure-projects-reshaping-the-world-2017-1/#110-million-the-pingtang-telescope-was-finally-turned-on-in-september-2016-and-is-now-the-worlds-largest-radio-telescope-its-dish-measures-1640-feet-across-1
also SINO's Former agreements will expand companies presence in multiple regins in China.
Think about it, a bridge between China and the US for Metals, Iron, steels, LNG, Goods... "SINO will receive a percentage of the total amount of each transportation fee for the arrangement of inland transportation services shipments into U.S. ports". "we are able to ensure that our customers in China will be connected with short haul trucking transportation services for all shipments arriving in New Jersey and New York ports". for a $20m cap company these are really a game changer material events. a company that doesn't hold long term debt w/40% current profit margin, most fees or future revenues are almost Pure Net income.
My posts are my opinion and should not be used as investment advice. Make your own decisions in your stock trades.
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