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Latest Forum Topics / YZJ Shipbldg SGD Last:2.57

-0.06

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Massive selldown for Yangzijiang

singaporegal
Supreme

03-Feb-2008 22:03

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Yells: "Female TA nut"

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I agree with teeth53. The counter seems to be on a sustained slight downtrend. Acc/Dist and Chaikin are heading south.

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teeth53
Supreme

03-Feb-2008 11:44

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Yells: "don't learn through life, learn to grow with life "

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Just FYI: YZJ...and this baltic dry index. yzj tracks it since it's in shipping and this...The China Meteorological Administration said some of the worst-affected central, eastern and southern provinces faced several more days of snow and freezing rain from a cold front parked over the region since early January.

Drive YZJ crazy, but px seem to be stablizing or seem to be on a slighting slowly downward trend, next nearest stronger support level is at $1.16 ct.

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Farmer
Master

30-Jan-2008 17:27

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Oops! Lost some concentration during typing as I was looking at SMRT price waiting to sell.

Should be US.... but who knows in a few years time?

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EastonBay
Master

30-Jan-2008 17:14

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'global recession' ??? recession is when there is negative growth. I don't see China and India or even Singapore going into recession.

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Farmer
Master

30-Jan-2008 16:37

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China play cannot be touch during such a time whereby global recession may be looming. Will start looking into it when it hit IPO price.

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zhenxian
Senior

30-Jan-2008 16:27

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this counter is sad...

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Arbitrager
Senior

30-Jan-2008 13:55

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Asian Stocks Fall, Led by Shipbuilders on Growth Concerns

By Chua Kong Ho

Jan. 30 (Bloomberg) -- Asian stocks fell, led by South Korean shipbuilders on concern slowing global growth and rising fuel costs will erode earnings.

Hyundai Heavy Industries Co. and Samsung Heavy Industries Co., the world's two largest shipyards, plunged after Macquarie Group Ltd. cut ratings. China Life Insurance Co. retreated after Bear Stearns & Co. said a slumping Chinese stock market will erode insurers' investment returns. Nissin Kogyo Co. an auto- parts maker affiliate of Honda Motor Co., fell a record 19 percent after reducing its profit forecast because of higher materials costs and a stronger Japanese currency.

``With the yen gaining so much against the dollar, quite a few companies will probably lower their full-year earnings forecasts,'' said Mitsushige Akino, who oversees the equivalent of $562 million in assets at Ichiyoshi Investment Management Co. in Tokyo.

The MSCI Asia Pacific Index lost 1 percent to 141.81 at 1:51 p.m. in Tokyo, reversing an earlier gain of as much as 0.8 percent.

South Korea's Kospi Index fell 3 percent, the region's biggest decline. Japan's Nikkei 225 Stock Average dropped 1.1 percent to 13,328.25. All other Asian benchmarks retreated apart from the Philippines and Thailand.

Hyundai Heavy plunged 9.7 percent to 288,500 won. Samsung Heavy slumped 7.8 percent to 26,150 won, its lowest level since April 6.

Macquarie cut ratings on South Korea's shipyards to ``underperform'' from ``outperform'' and reduced share-price estimates by as much as 70 percent.

``Banks, suffering from huge losses related to subprime mortgages, have turned more cautious in their lending policies to shipping and charter companies,'' Macquarie analyst E.S. Kwak wrote in a report dated yesterday. Shipping companies ``are likely to be less aggressive in placing new vessel orders.''

Hyundai Mipo

Daewoo Shipbuilding & Marine Engineering Co. the world's third-largest maker of ships, slipped 5.6 percent to 32,200, the lowest since March 6. Hyundai Mipo Dockyard Co., which reported a 12 percent decline in fourth-quarter profit yesterday, lost 8.4 percent to 184,500, its weakest level in more than nine months.

China Life, the nation's largest insurer, dropped 5 percent to HK$29.75. Ping An Insurance (Group) Co., the No. 2, declined 5 percent to HK$58.35.

Bear Stearns reduced its rating on China's insurers to ``market weight'' from ``overweight,'' citing lower returns from investments in China's stock market. The nation's benchmark CSI 300 Index has fallen 11 percent this year through yesterday, after rising 162 percent in 2007.

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Arbitrager
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30-Jan-2008 13:37

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Today should be testing the $1.26 support level. Hopefully it dun breach if not, the stock will plunge toward $1.16, the last support seen on 22/1/2008.

I still keep my call that this counter will go back to somewhere near its IPO price, $0.95.

Moving forward, ship building industry will be badly hit by global economic slowdown and rumoured that some ship building companies are starting to have clients cancelling their ship order le.. So even YZJ has an order book that can last till 2010, its did not factor in any potential order cancellation if any.

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elfinchilde
Elite

30-Jan-2008 13:19

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busy with wk, no time to explain in detail. but briefly, don't touch this counter today/short term.

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singaporegal
Supreme

26-Jan-2008 17:14

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Yells: "Female TA nut"

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Hi iTrader,

I use Acc/Dist and Chaikin charts to determine price trend. I also use Williams %R to determine buy/sell points.

For this counter, it is still oversold. I think it may be uptrending soon but will wait after the W%R rises above the 50 mark just to be double sure.

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jackjames
Elite

25-Jan-2008 17:24

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Jan 22 crash is just another chance for big boy to collect cheap cheap for all the counters...

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CWQuah
Master

25-Jan-2008 16:59

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I think the title needs to be changed to massive buy-up for YZJ...

Note that I have only extracted info from 4pm onwards regarding buy ups with purchases of at least 300000 shares; for selldowns; i've extracted those transactions of at least 150000 shares. This is to get a better feel of what the really big players are doing.