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YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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eplepl
Master |
24-May-2011 10:23
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sian, gone case.
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Noob79
Master |
23-May-2011 23:51
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This counter looked bearish now....it seem it will fall to 1.53.... long time also seem to be heading down.... 1st high 2.05....2nd high 1.95 and 3rd high 1.9 and is already falling below march low 1.64..... So bearish.....better run if it hit 1.7.... Just my opinion..... i might be wrong :) |
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stockwinner
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23-May-2011 23:40
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somehow agree with you... but really believe it manages to open 1.65 and all the way to 1.70...
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Hawkeye
Veteran |
23-May-2011 21:43
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Tomorrow traders will try to short at open if can not sustain sell down, massive cover back will push the price up.
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hpong5
Master |
23-May-2011 19:02
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Looks like this one gotten dragged down by cosco today causing massive damages to margin and contra players. Hopefully the BBs are kind enough to push up the price tomorrow. | ||||
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IVANTAN75
Member |
23-May-2011 18:54
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Time to load more tml... Will rebound soon. Anybody still holding this shares?
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eplepl
Master |
20-May-2011 11:25
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good stock, but it should goes down.... after xd.. | ||||
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paul1688
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20-May-2011 09:40
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From Bloomberg News on May 19th. China Yard Big-Ship Deal May Loosen Korea Grip: Freight Markets May 18, 2011, 8:54 PM EDT May 19 (Bloomberg) -- Yangzijiang Shipbuilding Holdings Ltd. maybecome the first Chinese yard to win an overseas order for 10,000-container vessels as the Asian nation challenges South Korea’s dominance in building more profitable types of ships. The shipbuilder is in discussions with Seaspan Corp. on an order, it said by e-mail yesterday without elaboration. Hong Kong-based lessor Seaspan said in a filing earlier this month that it had signed a letter of intent for a “significant number” of 10,000-box ships with a Chinese yard it didn’t name. Yangzijiang, Cosco Corp. Singapore Ltd. and China Rongsheng Heavy Industry Group Co., the largest Chinese shipbuilders listed overseas, have begun targeting orders for container, liquefied-natural gas and car-carrying ships as a glut of dry- bulk vessels saps demand for Chinese yards’ mainstay products. The push may mean more competition for South Korean shipbuilders including Hyundai Heavy Industries Co. and Samsung Heavy Industries Co., the world’s biggest. “The only things it takes to move up the shipbuilding learning curve are engineers, financing and time,” said Jon Windham, a Barclays Capital analyst in Hong Kong. “China has all three of those in spades.” Chinese shipyards have traditionally focused on building dry-bulk vessels, used to carry iron ore, coal and other commodities, as they are less complex than container carriers or tankers. Global orders for these types of ships, about half of which are built in China, plunged 73 percent to $2.3 billion in the first quarter, according to shipbroker Clarkson Plc. Dry-Bulk Glut Shipping lines have pared dry-bulk orders as the Baltic Dry Index, the benchmark for commodity-shipping costs, has plunged about 67 percent in a year on overcapacity. The existing global order backlog is also about 46 percent the size of the in- service fleet, according to Clarkson. China’s government contributed to the commodity-vessel glut by giving out financing for ships during the global financial crisis to help prop up local yards and secure jobs. The country has about 3,000 shipbuilders, including roughly 1,000 able to build ships that can travel in deep seas, according to Henry Mytton-Mills, managing director at Aries Shipbroking (Asia) Pte in Singapore. “That’s seriously scary,” he said. “It’s bigger than the rest of the world’s capacity put together many times over.” Chinese shipyards have orders for 134 million deadweight tons of dry-bulk vessels, more than double their backlog for other types of ships, according to Clarkson data. Higher Prices China’s bigger shipbuilders plan to make more sophisticated vessels to escape the capacity glut and because they attract higher prices. New vessels able to carry 9,600 boxes cost $118 million, about double the price for capesize dry-bulk ships, the biggest component of Chinese yards’ orderbooks by tonnage, according to Clarkson. Yangzijiang plans to invest 4 billion yuan ($615 million) in a yard in Jiangsu province, southern China, that will eventually be able to build the equivalent of 10 very large crude carriers or 12 10,000-container ships a year to support its expansion into larger vessels. The shipbuilder delivered 17 vessels from its three existing yards in the first quarter. It had orders for 45 container ships at the end of March, the biggest of which will be able to haul 4,800 boxes. It also had 86 dry-bulk orders. The company has jumped 33 percent in Singapore trading in the past year, outperforming a 10 percent gain for the benchmark Straits Times Index. Cosco Singapore, part of China’s largest shipping group, this year delivered its first 5,000-car vessel, first shuttle tanker and first ship for installing turbines at offshore wind farms. Parent China Ocean Shipping Group) Co.’s venture in Nantong with Kobe, Japan-based Kawasaki Heavy Industries Ltd. has orders for eight 13,500-container vessels from another unit of the state-controlled shipping group. Deliveries are due to start next year, according to Clarkson. Rongsheng Heavy, China’s largest shipbuilder not under state control, is due to deliver its first offshore vessel, a deepwater pipe-laying craneship, to China National Offshore Oil Corp. this year. The company is working with Gaztransport & Technigaz SAS and STX France SA on developing LNG vessels. “Chinese shipyards have been trying to strengthen their skills to reduce their reliance on building bulk ships,” said Lee Sokje, an analyst at Mirae Securities Co. in Seoul. “It’s not going to be easy for them because these things can’t happen overnight.” South Korean yards hold about 94 percent of global orders for ships able to carry more than 10,000 containers, according to Clarkson. They also have a 65 percent share for LNG tankers and 51 percent of crude tankers. Delay Concerns Chinese shipyards may have to overcome concerns about delays to win orders for new products. Rongsheng Heavy, for instance, may only deliver as few as three very large ore carriers this year, compared with the eight anticipated in its 2010 initial public offering prospectus, because construction is behind schedule, according to Barclays Capital. No one was available for comment at Shanghai-based Rongsheng Heavy when Bloomberg News called yesterday. Vale SA, Brazil’s largest iron-ore miner, has ordered a total of 19 VLOCs from Rongsheng Heavy and Seoul-based Daewoo Shipbuilding & Marine Engineering Co., according to Clarkson data. Daewoo delivered the first of the seven VLOCs it’s building in March, a month ahead of schedule. On-Time Deliveries “South Korean shipyards have a very good track record of being on time or ahead of schedule,” said Cho In Karp, head of research at Heungkuk Securities Co. in Seoul. “Some shipping companies are willing to pay more because they know Koreans are reliable.” Korean shipbuilders still maintain a technology edge that enables them to build ships beyond the scope of Chinese shipbuilders, Cho said. Daewoo won an order from A.P. Moller- Maersk A/S in February to build as many as 30 ships able to carry 18,000 containers each, which will be the largest cargo- box ships afloat. The contract will be worth as much as $5.4 billion. There is no question that the Chinese will eventually catch up to the Koreans in high-end products,” Lee said. “But, they have to address reliability issues before global shipping lines will feel confident placing billion-dollar orders with them.” --With assistance from Huiwen Yang in Shanghai. Editors: Neil Denslow, Michael Tighe To contact the reporter on this story: Kyunghee Park in Singapore at kpark3@bloomberg.net |
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bishan22
Elite |
20-May-2011 04:42
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After XD, stock will need some time for recovery. This is normal after taken your dividends. Just enjoy lah. Good luck. 
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lucky168
Veteran |
20-May-2011 00:24
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weaken before ex-div... bad sign | ||||
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tiancai007
Master |
19-May-2011 20:04
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This bugger always closed at 1.74. If continues tomorrow, next Monday XD will drop to next support 1.69. To cut or not to cut tomorrow. Lol
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sci80899
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19-May-2011 17:08
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Thanks much Hawkeye. I think everyone is trying to get out before XD.
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Punter77
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19-May-2011 15:46
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Not bad.... buying volume went up suddenly.... must be those lasst minute cheongsters going for 4.5cents tax dividents..... Absolutely confident in this stock in long term.... Good P/E ratio, definitely ll exceed $2/= in time to come!!!! | ||||
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metaphoricsymbol
Member |
19-May-2011 14:34
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Seaspan placed USD2 billion order with Yangzijiang Containership owner and charterer Seaspan has placed a US$2 billion order for 22 newbuildings from Yangzijiang Shipbuilding. The New Panamax 10,000teu vessels will cost around $98 million each and will be up to 30% more fuel-efficient than previous panamax designs. The order came as one of the world’s largest private equity firms, Carlyle Group, announced it would set up a new containership investment venture, involving Seaspan. The group will invest up to $5 billion to buy dozens of containerships and tankers in a joint-venture with three of the biggest players in the Asian maritime market, Dennis Washington, Gerry Wang and Graham Porter. Washington’s son Kyle is Seaspan’s Chairman and Wang its CEO, while Porter is a director of Seaspan and Chairman of Tiger Group Investments, which has a number of Chinese interests. Seaspan has agreed to invest up to $100 million of equity while Carlyle Group is providing $750 million, with the rest coming from the other shareholders. (Source - IFW) From: http://www.supplychainasia.com/news-articles/latest-news/corporate-news/3249-seaspan-placed-usd2-billion-order-with-yangzijiang.html Dated: 11 May 2011 |
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metaphoricsymbol
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19-May-2011 08:45
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Sorry. 26 May is closing of registry - that means last day to buy to get 4.5 cents tax free dividend is Friday tomorrow. Like that can see price going to range of 1.77-1.80 today or tomorrow. |
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IVANTAN75
Member |
18-May-2011 21:40
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no worry this is a good stock it will raise...if you have the holding power don't worry..it will reach $2 soon..
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tiancai007
Master |
18-May-2011 20:08
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XD date is next Monday, this Friday 5pm is the last date to buy to qualify for the dividend. The price is current suppressed by the BBs. There's a gap to 1.80. I wonder if there's a chance to close the gap after XD. Hai...
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metaphoricsymbol
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18-May-2011 10:54
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Ex-date 26 May. Just 6 more days to buy if want to enjoy 4.5 percent tax exempt dividend. Share should trade between 1.76-1.80 from tomorrow till next Wednesday 25 May. Shortly after after ex-dividend, comapny may anounce confirmation of Seaspan contract. |
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Hawkeye
Veteran |
18-May-2011 10:02
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For Trading, SGX XD is 23 May 201 http://www.sgx.com/wps/portal/marketplace/mp-en/listed_companies_info/company_all-in-one_info/!ut/p/c5/pZBJkqJAAEXPUgcwEhDEWiYISdKQJkPKsCEYZEaxVAROX1ygoxcdP_7qxVv8D2Kw5ZZOTZW-mvst7UEI4kMiWkxj0veeO-pU5wRTlS2JUQ45wsajv3LO4__HRod_2AEIOTHx2uNoL6_QWtXJb1eHs2V7K_zYLV7swqDFxWUKVJRlPOXABHHV37NtWVDEUDqJJtRwmKi1z5q5er_3KFYNjT4f8_wsbtqMaiViup3Q3MsO0jK15TTlgzO8XBYMVfqnUJbHyXl4QoCkk0p8t7k1Ys29uikL--tVToZkDizi7qLJ_mikq7t2Zfr44FUqQ6rzNqwrXrSHt3iA-RLcsep_BChEzzLy0a43Cz6F2RruWFmWuYSwMxqRd9k3g9U_MQ7RD3EtRClELj5_dwHu6NqMEvOVH5L4eHLlRMQ2GX3znp13gk_a9dofuTikuRKc80vsfH0BYtyHK4hALCcqgoYoW9v5mMicQHzEM6rx5z0HxoGxaTjiX7dMTAg!/dl3/d3/L0lDU0lKSkthWUEhIS9JTlNBQ0lpTXdxSkFCQUpvb0dBIS80QzFiOVdfTnJ4UUMvN19DR0FINDdMMDBHSU43MDJOVEcxVVBFMU8zMC8xNjY5NjA4MzM4MDY!/
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sci80899
Member |
17-May-2011 19:14
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Where do you find the 23 May announcement, the below is the only one I can find on SGX and it says 26 May XD NOTICE IS HEREBY GIVEN that pursuant to the approval granted at the Annual General Meeting of Yangzijiang Shipbuilding (Holdings) Ltd. (the “Company”) held on 28 April 2011 for the payment of a tax exempt (one-tier) final dividend of S$0.045 per ordinary share (the “Final Dividend”) in respect of the financial year ended 31 December 2010, the Share Transfer Books and Register of Members of the Company will be closed on 26 May 2011 for the purpose of determining entitlements of ordinary shareholders to the Final Dividend. 特 此 通 知 ,揚 子 江 船 業 (控 股 )有 限 公 司 的 最 終 股 息 已 於 2011年 4月 28日 舉 行 的 股 東 週 年 大 會 上 得 到 股 東 批 准 ,公 司 的 股 票 轉 讓 登 記 冊 及 股 東 名 冊 將 於 2011年 5月 26日 截 止 接 收 登 記 ,以 便 決 定 公 司 股 東 就 截 止 2010年 12月 31日 的 財 政 年 度 所 享 有 的 每 股 0.045新 幣 的 最 終 股 息 (一 層 ) (“最 終 股 息 ”)的 權 利 。 Duly completed registrable transfers received by the Company’s Share Registrar, Boardroom Corporate & Advisory Services Pte. Ltd. at 50 Raffles Place, #32-01 Singapore Land Tower, Singapore 048623, up to 5.00 p.m. on 25 May 2011 will be registered to determine the members’ entitlements to the Final Dividend. 公 司 股 票 登 記 處 Boardroom Corporate & Advisory Services Pte. Ltd.(地 址 :50 Raffles Place, #32-01 Singapore Land Tower, Singapore 048623)將 對 在 2011年 5月 25日 下 午 5點 或 之 前 收 到 的 正 式 填 寫 的 股 票 轉 讓 書 進 行 登 記 ,以 確 定 享 有 最 終 股 息 的 股 東 。 Members whose securities accounts with The Central Depository (Pte) Limited are credited with the Company’s ordinary shares as at 5.00 p.m. on 25 May 2011 will be entitled to the Final Dividend. |
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