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YZJ Shipbldg SGD    Last:2.25    +0.05

Cruising with the ship ..Yangzijiang

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Oldbird
    15-Nov-2013 16:16  
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Voyage resume after refueled.. This time will get through the rough sea leow...

ascend88      ( Date: 15-Nov-2013 15:33) Posted:

yang 1.18

ascend88      ( Date: 15-Nov-2013 11:29) Posted:

yang at 1.17


 
 
ascend88
    15-Nov-2013 15:36  
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15:18:34 1.170 343,000 A


 

15:18:34 1.170 100,000 A
15:18:34 1.170 59,000 A


 

15:18:34 1.170 50,000 A
15:18:34 1.170 100,000 A


 

15:27:19 1.175 187,000 A
 
 
ascend88
    15-Nov-2013 15:33  
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yang 1.18

ascend88      ( Date: 15-Nov-2013 11:29) Posted:

yang at 1.17

 

 
ascend88
    15-Nov-2013 11:29  
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yang at 1.17
 
 
ascend88
    15-Nov-2013 11:28  
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SSE now up 2.33% 48pts...

Oldbird      ( Date: 15-Nov-2013 10:51) Posted:

Expecting clearer picture on China reforms will come out in one or two weeks... China A share jump 1.7 %..hardly see this in recent months.

Hopefuly the optimism can be sustained ...

Cheers

 
 
Oldbird
    15-Nov-2013 10:51  
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Expecting clearer picture on China reforms will come out in one or two weeks... China A share jump 1.7 %..hardly see this in recent months.

Hopefuly the optimism can be sustained ...

Cheers
 

 
ascend88
    15-Nov-2013 10:44  
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Look at market fluctuations as your friend rather than your enemy profit from folly rather than participate in it.

Warren Buffett
 
 
bookwormy
    15-Nov-2013 10:40  
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At least the selling momentum isn't there this morning, hopefully it won't appear anytime soon!
 
 
beginners
    14-Nov-2013 22:00  
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Good news still down again with high volume. Trade with care. Huat ah!
 
 
BenjenStark
    14-Nov-2013 19:48  
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Some impressive images of the rigs built in Singapore water.

1° 17.334', 103° 40.034' 

https://www.google.com/maps/preview#!q=1%C2%B0+17.334'%2C+103%C2%B0+40.034'& data=!1m4!1m3!1d2465!2d103.6684044!3d1.2889502!2m1!1e3!4m14!2m13!1m12!3m8!1m3!1d1254!2d103.6683079!3d1.2893687!3m2!1i1920!2i954!4f35!4m2!3d1.2889!4d103.6672333& fid=7 

Would be great if anyone can share Yangzijiang yards' parimeters including the land area of the yards outlined 
 

 
BenjenStark
    14-Nov-2013 19:40  
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Anyone can post the google maps coordinates of their ship yards (including temp closed shipyard)? Wana see their satellite images.
 
 
oldflyingfox
    14-Nov-2013 17:14  
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Took the risk to unload all today, will wait for the correction to certain level then I pick up again. Not too sure whether my feeling is ok or not.
 
 
Oldbird
    14-Nov-2013 16:13  
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Today ppl are buying in to low risk ,low gearing dividend stocks like singpost , UMS...not Reits, in anticapation of tapering...

when tapering happens ie , US is in the recovering mode...this will help China exports ...in turn it is good for cyclical counters like YZJ..



Oldbird      ( Date: 14-Nov-2013 10:35) Posted:

Q to buy at 1.12...now tapering is on the card, Reit is not the right choice for dividend. Have no worry for this ship for long term holder.

oldflyingfox      ( Date: 14-Nov-2013 10:08) Posted:



Support  at 1.11, will buy back  around that level. This counter will shoot up surprise again once there is any new orders. Dividend of 5cts plus capital gain will be much than the reits as the reits will be on the down trend in the coming year when the QE start to cut down.

Just my 6cts.


 
 
ascend88
    14-Nov-2013 10:56  
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The Federal Reserve needs to do more work to support the economic recovery before it can return to "a more normal approach" to monetary policy, Janet Yellen said in prepared testimony released Wednesday.

The remarks underlined Yellen's dovish credentials, one day before her first Senate confirmation hearing to be the next chairman of the Federal Reserve.
 
 
ascend88
    14-Nov-2013 10:44  
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Solid ..another half billion contract win ...


smallchap      ( Date: 13-Nov-2013 23:29) Posted:



This guy is going to re-write his report tonite. 

YZJ win contract for 15 vessels at US$533M: 

http://infopub.sgx.com/FileOpen/Announcement_20131113_corporateupdate.ashx?App=Announcement& FileID=264215

WanSiTong      ( Date: 13-Nov-2013 21:35) Posted:

Yangzijiang Shipbuilding - Earnings-decline overhang

Written By Stock Fanatic on Wednesday, November 13, 2013

YZJ?s stock could be range-bound after its 21% appreciation since our upgrade in Aug on the back of stronger orders. Although we believe its order momentum can be sustained in the next six months, lower earnings and margins in FY14 could limit further near-term upside.

We downgrade the stock to Neutral from Outperform. 9M13 net profit was in line at 70% of our FY13 forecast though above consensus at 85%. 9M13 order book was US$3.87bn (wins of US$2.1bn by 1 Oct). We raise our EPS for FY15 on higher revenue recognition and roll over our target price to end-FY14, still based on 1.4x P/BV (-1 s.d. of its 5-year mean).

High tax in 3Q13 more ?other income? in 4Q13
3Q13 revenue declined 17% qoq as YZJ delivered eight vessels vs. 11 in 2Q13. Gross margins of 22% were slightly ahead of our 20%. 3Q13 net profit would have been higher if not for a high tax rate (29%) from withholding taxes for Chinese subsidiaries? distributable profits and higher taxes for its new yard (25% vs. 12.5% in FY12). 4Q13 revenue could dip qoq with fewer high-value vessels scheduled for delivery. Net profit, however, should still be on track as YZJ expects to receive government subsidies in compensation for yard relocation and tax incentives.

Strong order outlook
Our 2013 order target is still US$2.5bn, although management is bullish that YZJ may close 2013 with more than US$3bn of orders. YZJ has 28 outstanding options (US$1.36bn). Its order strength has in fact encouraged management to reopen its Changbo yard (shut in 2012), adding 10% capacity to handle smaller vessels (60k dwt bulkers and 1,000 teu containerships). 

Payment terms have also improved to 30/70 or 40/60 from 20/80.

Technical Analysis
Daily Chart
Weak FY14 before a recovery in FY15
YJZ may lack further near-term catalysts in view of weaker quarterly earnings widely expected for FY14 as it executes lower-margin vessels with most of its high-value pre-GFC vessels delivered in FY13. (Read Report)

Source : CIMB Research



 

 
Oldbird
    14-Nov-2013 10:35  
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Q to buy at 1.12...now tapering is on the card, Reit is not the right choice for dividend. Have no worry for this ship for long term holder.

oldflyingfox      ( Date: 14-Nov-2013 10:08) Posted:



Support  at 1.11, will buy back  around that level. This counter will shoot up surprise again once there is any new orders. Dividend of 5cts plus capital gain will be much than the reits as the reits will be on the down trend in the coming year when the QE start to cut down.

Just my 6cts.

 
 
Hawkeye
    14-Nov-2013 10:12  
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Hello oldman please don't say just your 6cts, I scared leh!

Say just your $1.20.

Yangzijiang Chai Chai lah!

oldflyingfox      ( Date: 14-Nov-2013 10:08) Posted:



Support  at 1.11, will buy back  around that level. This counter will shoot up surprise again once there is any new orders. Dividend of 5cts plus capital gain will be much than the reits as the reits will be on the down trend in the coming year when the QE start to cut down.

Just my 6cts.

 
 
oldflyingfox
    14-Nov-2013 10:08  
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Support  at 1.11, will buy back  around that level. This counter will shoot up surprise again once there is any new orders. Dividend of 5cts plus capital gain will be much than the reits as the reits will be on the down trend in the coming year when the QE start to cut down.

Just my 6cts.
 
 
Hawkeye
    14-Nov-2013 09:58  
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Hello Oldman, want dividend many many buy REIT lah? dividend no worry 5% 6% 7% 8% also got!

Yangzijiang going down leh? Never Support ah! Use your CPF or Pension fund lah! No worry Yangzijiang good good leh!

Oldbird      ( Date: 14-Nov-2013 08:39) Posted:

Hrr..we seem to have the same sir name n same mind. 30% of my long term holding is always used for momentum trading.

From the report, it seem 4 to 5¢ divedend in next may can be assued.. opportunity to buy in if right price arrive.

oldflyingfox      ( Date: 14-Nov-2013 08:11) Posted:

Yesterday closing was below my expectation, lowest since 16 Oct, I will sell some to lock in my profit first and buy after the correction.


 
 
Oldbird
    14-Nov-2013 08:39  
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Hrr..we seem to have the same sir name n same mind. 30% of my long term holding is always used for momentum trading.

From the report, it seem 4 to 5¢ divedend in next may can be assued.. opportunity to buy in if right price arrive.

oldflyingfox      ( Date: 14-Nov-2013 08:11) Posted:

Yesterday closing was below my expectation, lowest since 16 Oct, I will sell some to lock in my profit first and buy after the correction.

 
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