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and also sell High and buy Low later...
edwinteo ( Date: 22-Sep-2010 00:30) Posted:
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agree with candle too...by the way xin lin..also buy low and sell high....
never buy or sell based these recommendations.
even the recommendation is valid.
we r always not the 1st few who have receveived them.
hahahs.. Thanks edwin. Good reply. Got it. :D
edwinteo ( Date: 21-Sep-2010 22:56) Posted:
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xin lin...as long as you do your own homework...know what you are investing and whats your target. If YZJ win a 1billion contract tomorrow, analysis target will change the outlook again...
xin_lin89 ( Date: 21-Sep-2010 12:27) Posted:
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If you bought YZJ in end June following the BUY recommendation risen by 28%, now they downgrade to HOLD and its fair value estimate rises to S$1.90 (prev. S$1.76), so when are you suppose to sell ? Wait for them to release another report recommend SELL ? Like someone used to say: " We only do the introduction, the rest is up to you" and I like to add:" You will face the consequences".
rose 28% and time for correction ?
pharoah88 ( Date: 20-Sep-2010 20:33) Posted:
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Does that mean that is very hard to go any further?
WeiQiQi ( Date: 20-Sep-2010 21:52) Posted:
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also said in the report. So downgrade to hold from buy but FV rises fr 1.76 to 1.90
As such, our fair value estimate rises to S$1.90 (prev. S$1.76).
Monday: 20 SEP 2010
Yangzijiang Shipbuilding: Downgrading on valuation grounds
Summary:
The share price of Yangzijiang Shipbuilding (YZJ) has risen by about 28% (compared to the STI’s 7% rise) since we upgraded the stock to BUY towards the end of Jun this year.
YZJ has emerged relatively unscathed from the financial crisis since 2008 and has managed to capitalise on opportunities when these arise.
The group is well on its way to becoming a dominant player in the bulk carrier and containership segments.
However, what will propel it to the next level include :
1) intensifying its R&D efforts to expedite the development of new and innovative vessel types and
2) developing an offshore business.
We are raising our peg to 13x blended FY10/11F earnings (prev. 12x) to reflect the better company outlook and the greater number of new orders secured in recent months. As such, our fair value estimate rises to S$1.90 (prev. S$1.76).
However, given the limited upside potential, we downgrade our rating on the stock to HOLD purely based on valuation grounds. (Low Pei Han)
seems like going down, alot of selling trades ?
epliew ( Date: 16-Sep-2010 18:21) Posted:
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thanks for the info, i missed it...... stare at the screen for too long.
williampeh ( Date: 16-Sep-2010 12:37) Posted:
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thanks.
tianloong86 ( Date: 16-Sep-2010 15:57) Posted:
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pai sei, i did not see it......
wow, yzj under value by so much ......
but taiwan side is dropping day by day ....... any comments ?
tianloong86 ( Date: 16-Sep-2010 15:57) Posted:
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erm epliew pls do note that 2 taiwan tdr = 1 singapore share as mentioned a couple of times earlier in this forum.
epliew ( Date: 16-Sep-2010 10:28) Posted:
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1SGD approx 23 TWD
fyi...2 taiwan tdr = 1 singapore share...
yes i am confused too.
iwonder ( Date: 16-Sep-2010 11:39) Posted:
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It is overvalue due to the recent run up.
Especially when analyst says buy...be careful.... they are actually selling.
epliew ( Date: 16-Sep-2010 10:28) Posted:
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how old are you ?
xin_lin89 ( Date: 16-Sep-2010 10:47) Posted:
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