Post Reply
4001-4020 of 4713
By Carey Wong
Fri, 4 Sep 2009
Yangzijiang (04 Sep 2009)
FOCUS
Yangzijiang Shipbuilding (Holdings) Ltd: Holding up well in a tough environment
Summary:
We are initiating coverage on Yangzijiang Shipbuilding (Yangzijiang), an established
shipbuilder in the PRC. The group has a strong order book of 139 vessels worth a total of US$6.1b
as at 30 Jun 09. More noteworthy is the fact that management said the group has not received any
order cancellations so far, though delivery reschedules have occurred. The group’s margins have
also held up with the construction of higher margin vessels, but they are expected to fall in the longer run.
Looking forward, new order flows are unlikely to return soon to previous levels but Yangzijiang is
proactively branching out into new areas like vessel scrapping. Based on 11x blended FY09/10F earnings,
we initiate coverage on Yangzijiang with a BUY rating and S$1.20 fair value estimate. (Low Pei Han)
OCBC Investment Research Private Limited
this is a good shipyard in china. Hold it for long. $2-$3 within range
ozone2002 ( Date: 24-Aug-2009 14:33) Posted:
yeah back in favour again!
highest 1.02 |
|
yeah back in favour again!
highest 1.02
took profit already
looks like the BBs are playing this today..
after a long hiatus..
vested for speculative & technical play
excellence post. :)
ozone2002 ( Date: 09-Aug-2009 10:33) Posted:
if u see the vol on the 6 Aug, don't u think the vol is excessive?
I remember reading this book "Undeclared secrets that drive the stock market" by Tom Williams. It states that in the stock market there's always buyers and sellers agreeing on the price. If there's someone buying, there's someone selling, that's y there's a transaction. So in this case of YZJ, ask urself who's the buyer and who's the seller. In a bear market, when prices are falling, weak holders are selling their shares to the strong holders at low prices. In a bull market, when prices are rising, strong holders are selling their shares to weak holders. It's a classic case of buy low and sell high. As more n more good news comes out, the professional money will take this opportunity to dispose their holdings. It's just like u want to sell ur house, u rant and rave abt how good the location, facilities blah blah..which is "good news" so as to get a better price, same thing for a stock. So in the case of the stock, when the stock is overbought means that supply is excessive and prices will start to come down. When there's a correction, and the professional money feels that there's no more selling (supply is limited), they will come in again and scoup up these shares at low prices.
Always take a step back n look at the forest rather than the trees. And remember the 80/20 rule. 80% of the population will make 20% of the money in the market. You want to be in that 20% population that makes 80% of the money in the market..so think like the professionals (20%) and do away with the herd (80%)!
That's just my thoughts on trading in any markets. |
|
Will be back again....may the force be with U...back beyond $1/-
| |
Yangzijiang |
|
|
0.990 |
1.010 |
+0.035 |
+3.6 |
40,440,000 |
147,000 |
1.010 |
1.020 |
4,707,000 |
1.020 |
0.985
|
this stock name is goood but value not so good
its s-chips brothers even worse
if u see the vol on the 6 Aug, don't u think the vol is excessive?
I remember reading this book "Undeclared secrets that drive the stock market" by Tom Williams. It states that in the stock market there's always buyers and sellers agreeing on the price. If there's someone buying, there's someone selling, that's y there's a transaction. So in this case of YZJ, ask urself who's the buyer and who's the seller. In a bear market, when prices are falling, weak holders are selling their shares to the strong holders at low prices. In a bull market, when prices are rising, strong holders are selling their shares to weak holders. It's a classic case of buy low and sell high. As more n more good news comes out, the professional money will take this opportunity to dispose their holdings. It's just like u want to sell ur house, u rant and rave abt how good the location, facilities blah blah..which is "good news" so as to get a better price, same thing for a stock. So in the case of the stock, when the stock is overbought means that supply is excessive and prices will start to come down. When there's a correction, and the professional money feels that there's no more selling (supply is limited), they will come in again and scoup up these shares at low prices.
Always take a step back n look at the forest rather than the trees. And remember the 80/20 rule. 80% of the population will make 20% of the money in the market. You want to be in that 20% population that makes 80% of the money in the market..so think like the professionals (20%) and do away with the herd (80%)!
That's just my thoughts on trading in any markets.
u can't really compare yang zj to cosco. of the 2, yang zj's management is superior and has local turf advantage. as for cosco's mgt, they better buck up! yes, the earnings results speak for themselves.
starlene ( Date: 07-Aug-2009 10:07) Posted:
Quote:
Originally Posted by Kong Ming  A stock which commanded price due to its popularity in wide variety of business only not in term of its earning per share or earning growth.. No much fundemental. the stocks would not sell for 1.00 if in time of liquidation.
This stocks very much like Yang zi jiang shipyard. Big in Capital only, Using missle to attack mosquito. or buiding vessels in the air to mesmerised unknowing investors.
Anyway stock market has no much logic or sanity.
My advise to them is to keep to thier area of expertise. "Roti prata business also want to do". how to beat the roti prata seller in Jalan Kayu in terms of quality, earning per share growth etc.
|
...wow Kong min very apt reply I sold out Cosco. Cosco unlikley to outperform and price will continue to languish under the threat of cancellation of contracts,better to switch any idea..marginal profit or loss is still better than holding and tying up your $$$,wad do U think? So many or naerly all brokerages recommend sell....suspect if contracts continue to be cancelled in coming months Cosco may be in trouble..its parents China Cosco is in the red now. What's on the table Crude tanker shipping update - Look for better days in 2010 Crude tanker shipping rates have fallen significantly over the past six months, dragged down by the fall in demand for crude oil, lower OPEC production and a rise in tanker capacity. Rates are likely to be lacklustre in 2H09 as OPEC production increases are offset by higher newbuilding deliveries and vessels released from storage charters. This underpins our UNDERWEIGHT call on the sector. However, rates could rise in 2010-11, thanks to the recovery of the global economy, coupled with single-hull scrapping and newbuilding order cancellations. We maintain our UNDERPERFORM recommendation for MISC (TP: RM7) because of flat earnings growth in FY10 and expensive valuations. The stock is likely to underperform the rally as investors may focus on more attractive recovery stories. [ PDF
|
  |
 |
|
|
Yap, still keeping some, but panic selling half of them earlier.
I know some who bot early has not sell theirs yet..profit taking for today from some bad news, other wise.
May the force be with U. YangZijiang new is out sometime around (Wed Aug 5, 2009) morning
ozone2002 ( Date: 07-Aug-2009 11:39) Posted:
98c ..offloading continues..
|
|
98c ..offloading continues..
as of today...even @ $1..they still offloading..
be careful
Will be back again....may the force be with U...back beyond $1/- and above $1.03 cent
ozone2002 ( Date: 07-Aug-2009 09:18) Posted:
just like what i predicted..the bbs are offloading..from $1.03 to $1
ozone2002 ( Date: 06-Aug-2009 16:46) Posted:
if i'm guessin correctly.. the BBs are trying to offload @ 1.03..
place a big buy Q @ 1.02..entice pple to buy n 1.03... offload their holdings @ 1.03..
seems suspicious.. |
|
|
|
Quote:
Originally Posted by Kong Ming A stock which commanded price due to its popularity in wide variety of business only not in term of its earning per share or earning growth.. No much fundemental. the stocks would not sell for 1.00 if in time of liquidation.
This stocks very much like Yang zi jiang shipyard. Big in Capital only, Using missle to attack mosquito. or buiding vessels in the air to mesmerised unknowing investors.
Anyway stock market has no much logic or sanity.
My advise to them is to keep to thier area of expertise. "Roti prata business also want to do". how to beat the roti prata seller in Jalan Kayu in terms of quality, earning per share growth etc.
|
...wow Kong min very apt reply I sold out Cosco. Cosco unlikley to outperform and price will continue to languish under the threat of cancellation of contracts,better to switch any idea..marginal profit or loss is still better than holding and tying up your $$$,wad do U think? So many or naerly all brokerages recommend sell....suspect if contracts continue to be cancelled in coming months Cosco may be in trouble..its parents China Cosco is in the red now. What's on the table Crude tanker shipping update - Look for better days in 2010 Crude tanker shipping rates have fallen significantly over the past six months, dragged down by the fall in demand for crude oil, lower OPEC production and a rise in tanker capacity. Rates are likely to be lacklustre in 2H09 as OPEC production increases are offset by higher newbuilding deliveries and vessels released from storage charters. This underpins our UNDERWEIGHT call on the sector. However, rates could rise in 2010-11, thanks to the recovery of the global economy, coupled with single-hull scrapping and newbuilding order cancellations. We maintain our UNDERPERFORM recommendation for MISC (TP: RM7) because of flat earnings growth in FY10 and expensive valuations. The stock is likely to underperform the rally as investors may focus on more attractive recovery stories. [ PDF
|
| |
|
just like what i predicted..the bbs are offloading..from $1.03 to $1
ozone2002 ( Date: 06-Aug-2009 16:46) Posted:
if i'm guessin correctly.. the BBs are trying to offload @ 1.03..
place a big buy Q @ 1.02..entice pple to buy n 1.03... offload their holdings @ 1.03..
seems suspicious.. |
|
Ho, wat a socking gain in pm while AK at mission. Cheers, for other counters as well.
if i'm guessin correctly.. the BBs are trying to offload @ 1.03..
place a big buy Q @ 1.02..entice pple to buy n 1.03... offload their holdings @ 1.03..
seems suspicious..
YZJ hitting 100,000 lots
if the bbs ain't inside..i dunno who else is man..
huat ah!
