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secretinvestors ( Date: 03-Dec-2010 04:57) Posted:
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already 1.83
be careful.... 1985 guy seems to be good reference for TA.
krisluke ( Date: 02-Dec-2010 08:44) Posted:
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Steadily yet quietly prepares for next newbuilding upturn
Yangzijiang (YZJ) undertook another low-profile yard expansion plan last week. It spent RMB60mn to buy 310,000sqm of land in Jiangsu – the land size is about 50% larger than its oldest yard in the same province – from the Chinese government. However, we observe that this announcement went largely unnoticed by the market. Together with YZJ’s series of corporate actions since February (refer page 3 for details), we believe this latest land acquisition reflects its steady, but quiet, build-up of shipbuilding capacity and capabilities. In our view, YZJ is getting itself positioned for the containership newbuilding upcycle in 2011.
Met with management – our optimism continues
We met with management again recently, and do not envisage any near-term execution risks. YZJ’s earlier yard expansion and technology/business collaboration plans are also on schedule. As such, our earnings estimates stay at 5% above consensus for FY10, 14% for FY11, and 31% for FY12.
Most investors are unaware of two important facts on YZJ
Our communications with investors since late October show up two surprisingly unknown facts about YZJ that are worth highlighting again: 1) YZJ has very high exposure to the coming containership order upswing, as 56% of group revenue came from containerships in FY09. We expect containership new order exposure at 42-53% in FY10-12E. 2) YZJ’s market cap is US$5.2bn, vs. the perceived S$1-
3bn market cap by most investors polled by us. We see an increasing awareness of YZJ as a large-cap shipyard to boost its ownership among institutional funds.
Maintain Buy & S$2.49 PO
We believe YZJ’s low 10x FY11 P/E, vs. peers at 14x, will be reversed, as it delivers our FY10-11 earnings expectations, and containership new orders expectedly return to a sustainable upcycle from mid-2011.
Yangzijiang singapore stock break the support @ 1.975. The price continue to fall, now it is at the Fibonacci Support level of 78.6%. Where will this price go next?
read my analysis of Yangzijiang here
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Malaysian boxship hijacked
Kuala Lumpur: A Malaysian owned containership has been hijacked by Somali pirates. The Malaysian-flagged Albedo, owned by Majestic Enrich Shipping, was hijacked in the early hours of 26 November 900nm east of Somalia according to EU Navfor. The vessel was bound for Jebel Ali from Mombasa and had 23 crew comprising Pakistani, Bangladeshi, Sri Lankan and Iranian nationals. Including the Albedo Somali pirates are currently holding 22 vessels with 521 hostages. [30/11/10] |
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On Monday, Yangzijiang re-test the support at $1.80 and closed at $1.81 with LOW volume of 9.36 million shares traded.
A white candle stick with long upper/lower shadow indicates that prices are supported at $1.80 and signs of selling pressure easing.
Both RSI & MACD are bearish as RSI remain trending downwards.
Important Resistance of Yangzijiang: $1.86
Immediate Support of Yangzijiang: $1.80
Currently prices are resisted by 20/50 days MA.
On 23/Nov, Yangzijiang broke down from its critical support of $1.86 with high volume and created a bearish formation of “Double Top”
However prices managed to hold onto its support at $1.80 and shown signs of consolidation.
Although my ideal entry price is at $1.66 which is near the 100 days MA but it does not seem to drop till this price in short term.
Thus $1.76 support may be a good entry price if afraid to miss out this pullback.
Do note that Yangzijiang is a high beta stock and will be under heavy selling if WAR break out between the Koreans.
SEE ANALYSIS FOR INFROMATICS
Therefore do set a cut loss plan if intend to trade this stock.
Calculus1985,
It's not neccesary...Once W shape form, it can consider double bottom but it need to break the resistance for further upside. As for double top, M shape will form. Once it drop below it support, it will drop further
http://www.investopedia.com/terms/d/doublebottom.asp
http://www.investopedia.com/terms/d/doubletop.asp
calculus1985 ( Date: 25-Nov-2010 13:42) Posted:
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I think today is a good sign... low at 1.77 and close at 1.81 .... it seem to be at all time low liao...a good buy
50% skill + 50% luck !!
epliew ( Date: 29-Nov-2010 16:27) Posted:
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Currently, strong support (>1m shares) at $1.8.. it's quite apparent that it has found its support. With closing-up today, MACD should be a step closer to cross-up.
Agree?
tanstg ( Date: 29-Nov-2010 16:25) Posted:
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It seems like the water element is drying up for YZJ for the moment.....however it has already move up alot since Jan 2010 - more than 50%. For him to swim further upward, more water will be needed for this big shipyard.
calculus1985 ( Date: 25-Nov-2010 13:42) Posted:
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seems to fall below what the TA is providing....
i will enter when it is 1.6 again.
CheongCK ( Date: 29-Nov-2010 00:26) Posted:
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you can subscribe to my free newsletter update in my website (lollymotion) =)
The button is at top left =)
epliew ( Date: 25-Nov-2010 15:42) Posted:
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calculus1985 ( Date: 25-Nov-2010 13:42) Posted:
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