Cosco

Cosco: +1.1% at $0.89, outperforming the STI's 0.2% decline, despite reporting 3Q12 net profit fell 17.5% on year to S$26.6 million. It's probably short-covering, analyst says. The results were pretty bad, adding "the poor results were largely expected. The stock is up 1.7% year-to-date, underperforming the STI's nearly 15% year-to-date rise.