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The Baltic Dry Index is an index covering dry bulk shipping rates and managed by the Baltic Exchange in London. According to Baltic Exchange, the index provides:
- an assessment of the price of moving the major raw materials by sea. Taking in 40 shipping routes measured on a timecharter and voyage basis, the index covers supramax, panamax and capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain.
The index is made up of an average of the Baltic Supramax, Panamax and Capesize indices. These indices are based on professional assessments made by a panel of international shipbroking companies.
Since the cost of shipping varies with the amount of cargo that is being shipped (supply and demand), and since dry bulk is usually goods that are precursors to production (like cement, coal, and iron ore), the index is also seen as a good economic indicator economic indicator of future economic growth and production.
Baltic Dry Index -384 7949
TP so high, is that in the past???
agree. Not word to say.... This counter TP is $2.80???
Simply speechless today....and watch the price keep sliding down like end of world.
I think YZJ have enough order book to keep them going till at least 2010...and why so worried?
this counter usually very stable; very surprise that it could not hold.
feel like buying in now at 1.71 / 1.72 but very fearful that it might dip further on Monday am. Strong feeling DOW may dip when mkt opens due to Merrill Lynch 15B losses.
YZJ has dipped alot, I think better don't buy ya.
I am surprise this counter dip so much, hope it rebound soon.
my brokers ask me to buy this counter, lucky i didn't follow them.
been noticing it as well...breached terribly ...tt is certainly not a good sign when a stock isn't strong to withstand all those storms out there
Like i said in previous thread. 1.85 support breached earlier on. and today the next long term support 1.77 breached.. look out for 1.67 for next support.. should have a tech rebound within next few days. do look out and trade with caution.
selling , what happen?? forget to short.
probably going down soon ... be prepared
Yup! Married deal is not necessary a good news. Take this pc of news as an example. Institution dumped it, shshlder picked it up. Basically, married deal is just transferring of right pkt to left pkt.
Don't be confused by the word use by POEMS about share placement. It's actually a married deals done @ $2.58 this morning.
Definition of married deals : ---> The price transacted is agreed by the parties concerned and is usually not more than 10% off the closing price of the share.
It it just two or more parties buy/sell shares without putting the shares in the market. They just have to cross the shares transacted on the exchange (for reporting purposes).
It it just two or more parties buy/sell shares without putting the shares in the market. They just have to cross the shares transacted on the exchange (for reporting purposes).
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| SINGAPORE (Thomson Financial) - Shares in shipyard operators and rig builders
listed on the Singapore Exchange were mostly lower Tuesday as sentiment was dampened by news of a second Singapore shipyard reporting foreign exchange losses. Labroy Marine Ltd, when announcing a takeover offer by Dubai Drydocks World LLC, said yesterday it had racked up some 210 million Singapore dollars in unrealized foreign exchange losses for the first nine months of the year. Last week, local shipyard giant SembCorp Marine said it may incur 165 million US dollars in losses as a result of unauthorized foreign exchange transactions. At 11.19 am (0319 GMT), SembCorp Marine was down 8 cents or 1.7 percent at 4.60 dollars, Keppel Corp was down 10 cents or 0.7 percent at 14.60 dollars, and ASL Marine was down 1 cent or 0.5 percent at 1.91 dollars. China-based Singapore-listed shipyards, COSCO Corp Singapore fell 20 cents or 2.5 percent to 7.70 dollars, while Yangzijiang Shipbuilding slipped 6 cents to 2.60 dollars. "The two episodes have brought to the fore understanding that such (vessel and rig) orders bring high risk, which is foreign exchange that can swing very substantially," said Gabriel Yap, dealing director at DMG & Partners Securities. He said while profit margins on vessels and rigs are high it can be easily wiped out by uncontrollable currency swings over the construction of the orders. "The risk arbitrage, risk management is actually not as good as what people have expected earlier," said Yap. Share prices of shipyards and rig builders have been surging in the recent market rally and Yap believes some of the valuations are becoming rich. "In 10-year historical terms, rig builders are trading at their highest valuations and I would appreciate if some of them come back to more sensible valuations," said Yap. (1 US dollar = 1.45 Singapore dollars) yuinmunn.szetoh@thomson.com MMMM |
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| SINGAPORE (Thomson Financial) - Singapore-listed shares of Chinese shipbuilder
Yangzijiang Shipbuilding were lower Tuesday after its shareholder Joseph Lau sold 80.77 million shares at a discounted price of 2.58 Singapore dollars a share. The shares were sold in a block sale handled by Citigroup. The price was at the lower end of the indicative range of 2.58-2.63 dollars when Citigroup launched the placement on Monday. At 10.10 am, Yangzijiang Shipbuilding was down 6 cents or 2.3 percent at 2.60 dollars. It was the most actively traded stock with 97 million shares changing hands. (1 US dollar = 1.45 Singapore dollars) TFN.Singapore@thomson.com |
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Forglory, AFX News Headlines from POEMS - no other announcements. Sorry, I can only give you what see.
Share placement says who? POEMS? but don't see any announcement placed
Singapore-listed Yangzijiang Shipbuilding lower after share placement