YZJ Shipbldg SGD    Last:2.3    -0.01

Cruising with the ship ..Yangzijiang

Yangzijiang (BS6.SG) BREAK OUT today and close higher at S$1.33 with HIGH VOL of 80.9 millions traded (5 times average) as China-based shipbuilder discloses that it is in preliminary discussion with investment banks, financial advisors for potential dual listing in Hong Kong or Taiwan.

 

Important resistance of Yangzijiang: $1.46

Immediate Support of Yangzijiang: $1.26

 SEE CHARTS

 If the BUY UP VOL still retains, it could test $1.46 but profit taking will be expected as well.

Good luck to ppl who are vested

 

Yangzijiang - reopen with a vengence - 1.36 close 1.33

Tomorrow another run for S$1.50

 

YangZijiang is on the move .... open 1.26 - 1.30 and ...... 1.60? Looking at PE ratio of 9.5 and dividen payout support of 3.5 cent on the horizon. Yangzijiang will repeat and continue 2007 rise.

 

Cruising smoothly, all indicators suggest uptrend.
http://stockprospectus.blogspot.com/2010/04/prospectus-pick_12.html

 

 

Chart pattern suggests that YZJ is on an uptrend now.

http://mystocksinvesting.com/singapore-stocks/yangzijiang-%e2%80%93-starts-up-trend/

 

 

dizzifying      ( Date: 31-Mar-2010 09:59) Posted: I think this baby is starting its cruise soon....

 

I think this baby is starting its cruise soon....

 

watch this baby. i think yangzijiang might be cruising back to its high of 2008 jan.

possible to hit $1.80?

 

Hope there will be upgrades from analyst.

 

Singapore

Yangzijiang Shipbuilding Q4 net profit jumps 63%  , Full year 2009 net profit jump 41%! (^_^ )

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9C3467846D39391C482576D2005DCC51/$file/Announcement.pdf?openelement

 

I can see volume is building up past week.... I believe it will read $1.3+ soon....

 

How high can this one go?

 

Top volume today. Already 1.21.

 

Time to move up.

 

hi victorf, may i ask why ur side dont like yangzj?  because i vested today at the day low of 114 range. 

 

113 is the recent low. my cut loss point is at 110 level. 

victorf      ( Date: 21-Dec-2009 15:59) Posted: We continue to DO NOT LIKE Yangzhijiang for the next 3 years....recommend AVOID....good luck :)

 

We continue to DO NOT LIKE Yangzhijiang for the next 3 years....recommend AVOID....good luck :)

 

Not much action today?

 

lookin gd for an entry come monday..

1.15-1.18..

 

Yangzijiang: Buy DBS Research, 14 Oct'09

Yangzijiang is expected to report a stellar 3Q09 results similar to 2Q09 on the back of favorable
steel prices and on track delivery when release on 3 Nov. Steel prices have hovered at low levels
of RMB3000–4000/ton year-to-date and are not expected to pick up significantly in the near term,
We project 3Q09 to record net profit of RMB550-600m on revenue of c. RMB2.4billion. With this,
9M09 bottomline could make up 80%-85% of consensus forecasts, which will likely call for a series
of earnings upgrades by the streets.

We continue to favor Yangzijiang for its solid execution and consistent earnings delivery. The shipbuilding
track records of SGX-listed shipyards have generally been patchy, ranging from estimated losses to
positive 23% gross margin. Yangzijiang has stood above its peers by achieving consistent and better 19-23%
gross profit margin and 78% net profit CAGR in the 2004-08 periods; through its superior raw materials
and forex hedging strategies and better order book quality.

Our target price is raised to S$1.36 following the earning revisions, still pegged to 11x FY10 EPS. This is
in line with the average PE of regional peers.

 

Actually this is not quite the right way

novicetrader      ( Date: 14-Oct-2009 16:55) Posted: Not bad, buy in in the morning, sell out before the close of the market, 5% profit.   Great! Just curious... TP is S$1.36 while cash out so early when this counter just started to move.

 

ahh sold out too early la :) you have to hold ma

novicetrader      ( Date: 14-Oct-2009 16:55) Posted: Not bad, buy in in the morning, sell out before the close of the market, 5% profit.   Great! Just curious... TP is S$1.36 while cash out so early when this counter just started to move.