
oh dear, what happen?
17:05:03 | 0.5 | 3,873,000 | Sell Down |
17:05:02 | 0.5 | 3,090,000 | Sell Down |
BB selling down at big vol..
gt chance.. below 50cts..
jackjames ( Date: 19-Nov-2008 09:54) Posted:
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You think 44cents got chance?
it's very interesting to see how they press down the price ....$ 0.56 ... waiting to buy anything below 50 cents.
I heard this morning that banks are in better shape than property developers in mainland.
elfinchilde ( Date: 30-Oct-2008 17:00) Posted:
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OKOK, bless you...hehehe!
tchoonw ( Date: 18-Nov-2008 15:06) Posted:
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i use cfd lah...halted so wat?
idesa168 ( Date: 18-Nov-2008 13:57) Posted:
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Watch your back. If halt trading, then you will be crying instead. Pennies are fond of halting trading for the slightest issues.
tchoonw ( Date: 30-Oct-2008 11:08) Posted:
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haha elfie ppl give u bad post u analyse for them. can i give u bad post on some other stocks too? ;)
elfinchilde ( Date: 30-Oct-2008 17:00) Posted:
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something is wrong with this counter.
wah. bad post rating again. typical singaporean behaviour. tsk. don't know how to see things for what they really are.
Very well.
FA of yl, as of their last AR (aug 14th). Sensible people can judge for themselves:
PAT: Gross profit margin increased phenomenally, however, net profit was NM. (sign of higher expenses)
Total debt increased: S$1.33bil cf to previous S$998 mil.
Cash flow: down, previous 991mil to current 674 mil
Share float: 1.8billion, with 12 million option shares outstanding.
EPS: 3.46c, cf to previous year loss of 1.27c (a good thing.)
NAV: 0.87 cf to previous 0.84. Which means yl is actually trading slightly below current NAV. (good thing)
As with all companies, never totally pros or cons. You need to weigh for yourself. Does yl have plus points? Definitely. But in judging what to buy, you also need to look at forward earnings visibility. What you need to note is that they could report so high earnings, because they've factored in 'other payables' already. (P23 of their AR). ie, in this current market, where there's a real risk of default, ppl may choose to forfeit the deposit and lose the apartments they bought. Which is where the caveat for yl lies, esp since their debt is high and cash flow has decreased.
These are real FA reasons. Not emotive, irrational snap judgments.
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TA (which is very distinct from FA, pls note. heehee.): READ BETWEEN THE LINES, folks. "yl is a trader's counter btw. and what's surprising is that its fall hasn't been as bad as its other S play counterparts, namely, yzj and cosco. anybody's guess where this counter will go to. "
perhaps i should have been less subtle and put "what's not surprising".

cheers!
This is one is my in my watch list too..
shorted this bugger at around 70c as i ve cursed this counter to drop below 50c! those wanna make $, short now before it crashes!
I did not invest in this before. It is a China property developer, i think. Of course, China property will be badly hit in this environment, just like spore and other countries. China being a big exporter to US will be badly hit and wealth creation is then affected. Hence, developers will be stretched and profit margin squeeze. Property dev like to call rights as well at later dates to raise cash for expansion if opportunities arise.
yl is in the china property market. FA-wise, not good forward looking, as china property has been cooling since last year. ie, can expect rerating of NAV when it issues its report.
yl is a trader's counter btw. and what's surprising is that its fall hasn't been as bad as its other S play counterparts, namely, yzj and cosco. anybody's guess where this counter will go to.
All property counter are now down. YLL not special.
Hi SJ forumer, anyone can advise why this YLLshares keep on dropping? Got bad news?