Pharoah88 eh,

Why are u posting all these irrelevant articles eh? Can be seen in many threads u created eh...especially after 5pm eh...are u bored eh...(,")

U are either clinically insane or incredibly annoying eh...(,")

pharoah88      ( Date: 03-Nov-2010 13:38) Posted: go to msn.com Celebs and plastic surgery: Who did it? Are those pretty faces we see all-natural?

From Edge:

Yangzijiang Shipbuilding hedges for 3% yuan advance

Written by Bloomberg

Wednesday, 27 October 2010 18:11

Share this Digg Del.icio.us StumbleUpon Netscape Yahoo Technorati Googlize this Facebook Export PDF Print E-mail Yangzijiang Shipbuilding Holdings, China’s third-largest shipyard outside state control, is basing currency-hedging on the yuan gaining 3% a year in expectation the government will prevent rises above that pace. “Appreciation is inevitable because of China’s trade imbalance, but the rate won’t be as rapid as the Americans and other countries are expecting,” Chairman Ren Yuanlin said yesterday in an interview in Singapore. “Three% a year is a scenario we can live with.”   The shipyard, which books all of its orders in dollars, is reflecting confidence that China will resist U.S.-led pressure to quicken yuan gains. The Chinese currency has appreciated 2.4% since China ended a two-year peg in June. Yuan forwards indicate a 2.9% strengthening over the next year.   “China will appreciate the yuan but it will be a slow pace,” said Francis Lun, general manager at Fulbright Securitiesin Hong Kong. “For shipyards, the effect will be less, but still it will hurt profits.” Yangzijiang, whose main yards are in Jiangsu province, eastern China, eventually plans to hedge 30% of its foreign exchange, Ren said.   YUAN GAINS China will allow the yuan to gain because officials understand it’s in the interest both of domestic growth and global economic stability, U.S.    Treasury Secretary Timothy F. Geithner said in an Oct. 23 interview. Chinese officials have countered by promising a gradual increase, saying that a sudden rise would cause social and economic disruption.   Twelve-month non-deliverable yuan forwards weakened 0.5% to 6.4775 per dollar yesterday, reflecting bets the currency will strengthen from the spot rate of 6.6627, according to data compiled by Bloomberg.   Yangzijiang is also planning to buy more yards in China as lower vessel prices and overcapacity squeeze margins, Ren said, without naming any potential targets.   “Many of the weaker shipyards remain in denial even though they’re facing cash-flow problems and possible closures,” Ren said. “It’s like a dying person -- the yards are fighting to survive until their last breath.”   Yangzijiang fell 3.6% to $1.89 at the close of trading in Singapore today. It’s gained 56% this year. Its Taiwan-listed TDRs dropped 1.9% to NT$22.80 ($0.97) compared with an NT$18.80 sale price.   CAPACITY BOOST Yangzijiang expects to boost capacity 20% next year, helped by acquisitions, Ren said. More than half the company’s capacity is for building container ships, with the rest being for multipurpose and bulk vessels, he said.   The company’s cash reserves rose 23% in the nine months ended September to 4.7 billion yuan ($917 million). The shipyard raised NT$3.76 billion ($122 million) in its Taiwan depositary receipts sale.   The shipbuilder has announced three acquisitions this year, taking advantage of government attempts to encourage consolidation in shipbuilding following a 55% slump in orders nationwide last year. The company has also expanded into ship-breaking and ship-repair to boost sales.   Yangzijiang’s third-quarter net income rose 32% to 730.4 million yuan, the company said in a Singapore Exchange statement yesterday. Ship deliveries doubled to 14 as shipping lines resumed taking new vessels after a slowdown last year during the global recession.

Written by Bloomberg    
Wednesday, 27 October 2010 18:11 
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Yangzijiang Shipbuilding Holdings, China’s third-largest shipyard outside state control, is basing currency-hedging on the yuan gaining 3% a year in expectation the government will prevent rises above that pace.

“Appreciation is inevitable because of China’s trade imbalance, but the rate won’t be as rapid as the Americans and other countries are expecting,” Chairman Ren Yuanlin said yesterday in an interview in Singapore. “Three% a year is a scenario we can live with.”
 
The shipyard, which books all of its orders in dollars, is reflecting confidence that China will resist U.S.-led pressure to quicken yuan gains. The Chinese currency has appreciated 2.4% since China ended a two-year peg in June. Yuan forwards indicate a 2.9% strengthening over the next year.
 
“China will appreciate the yuan but it will be a slow pace,” said Francis Lun, general manager at Fulbright Securitiesin Hong Kong. “For shipyards, the effect will be less, but still it will hurt profits.”
Yangzijiang, whose main yards are in Jiangsu province, eastern China, eventually plans to hedge 30% of its foreign exchange, Ren said.
 
YUAN GAINS
China will allow the yuan to gain because officials understand it’s in the interest both of domestic growth and global economic stability, U.S.
 
Treasury Secretary Timothy F. Geithner said in an Oct. 23 interview. Chinese officials have countered by promising a gradual increase, saying that a sudden rise would cause social and economic disruption.
 
Twelve-month non-deliverable yuan forwards weakened 0.5% to 6.4775 per dollar yesterday, reflecting bets the currency will strengthen from the spot rate of 6.6627, according to data compiled by Bloomberg.
 
Yangzijiang is also planning to buy more yards in China as lower vessel prices and overcapacity squeeze margins, Ren said, without naming any potential targets.
 
“Many of the weaker shipyards remain in denial even though they’re facing cash-flow problems and possible closures,” Ren said. “It’s like a dying person -- the yards are fighting to survive until their last breath.”
 
Yangzijiang fell 3.6% to $1.89 at the close of trading in Singapore today. It’s gained 56% this year. Its Taiwan-listed TDRs dropped 1.9% to NT$22.80 ($0.97) compared with an NT$18.80 sale price.
 
CAPACITY BOOST
Yangzijiang expects to boost capacity 20% next year, helped by acquisitions, Ren said. More than half the company’s capacity is for building container ships, with the rest being for multipurpose and bulk vessels, he said.
 
The company’s cash reserves rose 23% in the nine months ended September to 4.7 billion yuan ($917 million). The shipyard raised NT$3.76 billion ($122 million) in its Taiwan depositary receipts sale.
 
The shipbuilder has announced three acquisitions this year, taking advantage of government attempts to encourage consolidation in shipbuilding following a 55% slump in orders nationwide last year. The company has also expanded into ship-breaking and ship-repair to boost sales.
 
Yangzijiang’s third-quarter net income rose 32% to 730.4 million yuan, the company said in a Singapore Exchange statement yesterday. Ship deliveries doubled to 14 as shipping lines resumed taking new vessels after a slowdown last year during the global recession.

pharoah88..how are you able to extract this document?

 16:11 DowJones DJ MARKET TALK: Laggard Cosco Still Attractive -Kim Eng ==> I saw this in my poems account but unable to retrieve it in poems. 

pharoah88      ( Date: 02-Nov-2010 16:46) Posted: 02-Nov-2010 16:27      About BullishTempo      Contact       Quote!           x 0 x 0 Alert Admin Laggard Cosco still attractive -Kim Eng Tags: Cosco Corp | Kim Eng Holdings | Yangzijiang WRITTEN BY DOW JONES & CO, INC    TUESDAY, 02 NOVEMBER 2010 16:12 Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail Kim Eng notes both Cosco Corp. (F83.SG), Yangzijiang (BS6.SG) have seen raft of new shipbuilding orders recently, reportedly on back of China financing arrangements. But says despite positive news (Cosco Monday announced contract to build three bulk carriers worth US$87 million($112.2 million)), Cosco has lagged Singapore, Korean, HK-listed peers. Cosco trading at 76% discount vs 2007 peak of $7.90 vs peers trading at average 60% discount. “Overall, we expect the positives in the ship building sector to continue and eventually witness this in upside to Cosco’s share price.”  Adds, it’s matter of time before Chinese money finances more offshore projects, Cosco has competitive edge among Chinese yards due to track record, repertoire in segment. With Cosco, +0.5% at $1.89, off 1-year peak of $1.96, “this is still an attractive price to enter because of how far it lags its peers,” though house keen to wait for earnings due Wednesday, before buying.

From DBS Sec:

3Q10 results for Yangzijiang better than expected; gross
margin held up at c.23%.

Our analyst has raised FY10-11 forecasts by 3-5% on lower steel cost.

There is ample room for further earnings upgrade.

Maintain BUY, TP raised to S$2.38 (Prev S$ 2.05).

TODAY  ONLINE

Thursday: 28 10 2010

Says it is time to take profit, with stock having returned 62 per cent year-to-date.