Post Reply
3141-3160 of 4713
Sorry to bust your bubble.
Next week is going to get even worst.
This fall has not even reach the halfway mark.
Good luck.
epliew ( Date: 25-Aug-2010 15:31) Posted:
|
what positive news are u looking at ?
positive thinking, if tomorrow there are positive news the whole market will shot up.
it cannot keep going down ?
Not fixed on a price yet. Maybe i'm a little more conservative but am waiting to have a clearer picture of things before moving in, worldwide sentiment not very positive now. Gotta have patience 
200 lots enter at 1.51
some big fish is entering in yzj
Same here, I'm also waiting to get in however, not sure the right price to get in. Any advice? Thanks.
From a macro view perspective, I am expecting to see a rise in demand for bulk carriers, still waiting to get in 
i feel yzj is still a very good buy for the medium to long term.. it is stable and have a good business model. so far they were the rare few who weathered through the recession spectacularly!
Shipbuilders: 2Q10 results wrap
Summary: As the 2Q10 results season draws to a close, we look at shipbuilding related stocks (excluding local rigbuilders) and find that the two Chinese shipbuilders, Yangzijiang Shipbuilding (YZJ) and Cosco Corporation (Singapore) [NOT RATED], are two of the few companies that turned in better-than-expected results. Both ASL Marine and Otto Marine [NOT RATED] posted results that were in line with ours and the street’s expectations respectively. The number of new orders has also increased, and they are mainly bulk carriers in the case of the Chinese shipbuilders. Nearer to home, there are also more enquiries related to non-offshore vessels.
Among the companies under our coverage, we have BUY ratings for Yangzijiang Shipbuilding [FV: S$1.66] and ASL Marine [FV: S$1.04].
We like the former for its good execution ability, track record and significant orderbook of US$5.23b as at 30 Jun 2010. There may also be more interest in the stock prior to its TDR listing in early Sep. (Low Pei Han)
K, am also monitoring Cosco now. Thanks, ya. :)
Expect the unexpected in Cosco... but if the whole market go crazy down before any unexpected happen, then need to run first.... lol...
No feeling to short YZJ...
Hi Isolator, you also traded in Cosco? This stock performance is very slow leh. :(
Yangzijiang seems to rise faster and given it's co potential. The price has slide down a bit. Any advice when is the good time to shot this? Thanks, ya.
Come trade or long Cosco, expect the unexpected... lol...
Hi pharoah88, you also traded in yangzijiang? Do you think can buy this stock now at S$1.52? Thanks.
Yangzijiang Shipbuilding: Expanding yard capacity
Summary: A wholly owned subsidiary of Yangzijiang Shipbuilding (YZJ) will acquire 147.3 sqm of land with 500m coastline and a wharf that is currently under construction from the local government in China. The purchase consideration is RMB107.7m, which will not have a significant impact on YZJ’s FY10 EPS. The group mentioned that it had obtained a 32% discount from the authorities as part of government support for the company’s growth. As the land is located next to YZJ’s existing production area, YZJ believes that shipbuilding capacity can be increased without incurring substantial management costs. The group also plans to readjust its production area to a more efficient layout. This announcement does not come as a surprise to us as YZJ had earlier mentioned that it has plans to increase the shipbuilding capacity of its new yard. The new yard will have an estimated production capacity of 2.3m DWT by end 2010 and there are plans to add an additional 1m DWT in 2012.
We maintain our BUY rating and fair value estimate of S$1.66 (based on 12x blended FY10/11F earnings). (Low Pei Han)
For more information on the above, visit www.ocbcresearch.comfor detailed report.
I'm new to this.
Can still buy yangzijiang given it's potential? What is it's potential price? Thanks for the advice.
Cosco isn't it also very slow? Can buy Cosco now? What is it's potential price?
Thanks for the advice.
Cut this and concentrate on Cosco... too slow...
My feeling say buy now....
Coming soon...
On Friday, Yangzijiang re-tested its major resistance at $1.50 and closed at $1.49 with high volume of 21.6 million shares traded.
A long white candle sticks with short upper/lower shadow display the determination of the investors in pushing this stock up
Both RSI & MACD are turning bullish as MACD about to perform a “golden cross”.
Important Resistance of Yangzijiang: $1.50
Immediate Support of Yangzijiang: $1.41
Currently prices are supported by the 20 days MA.
As of now, Yangzijiang is still supported by the rising trending line and Friday would be the 3rd attempt on the major resistance of $1.50.
We would suggest buying only on breakout of $1.50 with high volume.
SEE ANALYSIS FOR CAPITALAND
Otherwise we would continue to wait for more signals to trade this counter.