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what chinton86 said should be right, yzj still facing stronger selling force.
Haha.. Chinton... in almost all forum... u will indicate down down down... but without further explanation.. wat's your objective????
chinton86, stop uttering rubbish when u cannot back up what you said
It will continue down and down!
Next week is critical for YZJ's chart formation. 2.09 MUST break to confirm uptrend. If not, we should see red again in the coming days or week.
Yeah.. really look forward for this to happen.... My absent of two weeks holiday.. so many issues hopped up... guess my absence made many BBs worries... lol... Tracing back.. couldn't believe this counter had suffer so much..
should cross 2 on Monday to it 2:40 leavel... when cosco has gone up on Friday
Credit Suisse has started its coverage of Yangzijiang Shipbuilding with an "outperform" recommendation and a tp of $2.45, forecasting earnings growth to peak next year but to continue until 2010.
"Following the completion of the company's new yard, we expect Yangzijiang's order book to continue to expand, albeit at a slower rate, in '08," Credit Suisse analyst Haider Ali said in a note to investors.
Europe mkt up, DOW futures 3 figures GREEN, Crude Oil dropped below $90, I dun see what reason for YZJ not to charge on Monday. We DEFINITELY will see above 2.00 on Monday. Hope to see 2.09 break!!!
198 held on well with the selldown. Hope to see 198 as the support on Monday! Cheers.
tough to even 2.00 today! ....sigh
good buy @1.99 for greater profit, next price to buy-in 2.09
Fundamental is strong; potential to move up with very strong support levet >1.9. This stock will eventually move up as we can see that the market sentiment has been improving. I dont think anyonw dare to short it now.
Market sentiment belongs to TA group.
Analysts' report using a few fundamental figures including but not exclusive to current earning, asset value and contract values to project earnings and values in the future (forcasting). Its for FA group.
So, it depends which type of investor are you.
Investors invest using FA are not as bothered by the big correction as TA investors. This is because they are looking at long term of 3 ~ 5years return. Not 3 ~ 5 weeks. In fact, FA investors will load more during big correction because they belive in the value and fundamental of the company.
Concur with idesa168, Analysts' report does not factor in the big 'M' - 'Mkt sentiment'
lol...Jasonfaxingliu, I am happy if YZJ is trading above 2.09 in this mkt sentiment. Let's wait for it to cross that line first before we target 2.45...hehehe. Cheers.
oh yes, heard from the news and vested some.... it has been 2.70 not too long ago and target of 2.45 is realistic
0039 GMT [Dow Jones] STOCK CALL: Credit Suisse initiates Yangzijiang (BS6.SG) at Outperform, sets S$2.45 target price. Says company has largest order book of any privately-owned shipbuilding company in China, completion of new ship yard should drive further growth in orders. "We estimate that Yangzijiang's net order book will stand at approximately CNY39 billion by the close of 2007. We expect the order book to grow to CNY46 billion in 2008." Notes company has earnings growth visibility until 2010, although earnings growth expected to peak next year. Shares closed +2.6% at S$1.95 yesterday. (KIG)
Looks to me that the ship has turn it's downward course. Shall see the afternoon performance before confirming.
Reuters - Fri 6:42 pm
Shares of Chinese shipbuilding firms Yangzijiang Shipbuilding Holdings and Cosco Corp rose as much as 3 percent after Credit Suisse initiated coverage of the stocks with an "outperform" rating and target prices of S$2.45 and S$7.90 respectively.
Shares of Chinese shipbuilding firms Yangzijiang Shipbuilding Holdings and Cosco Corp rose as much as 3 percent after Credit Suisse initiated coverage of the stocks with an "outperform" rating and target prices of S$2.45 and S$7.90 respectively.
Maybe you guys can use the original thread for YZJ