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YZJ is flying!
ozone2002 ( Date: 23-Jul-2009 16:24) Posted:
| YZJ broke out from its immediate resistance of 81.5!! |
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hope YZJ will move up above $1
YZJ broke out from its immediate resistance of 81.5!!
well thought out
Tom1234 ( Date: 25-Jun-2009 11:28) Posted:
well written
Tom1234 ( Date: 25-Jun-2009 11:24) Posted:
| interesting article, thanks
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well written
Tom1234 ( Date: 25-Jun-2009 11:24) Posted:
interesting article, thanks
ozone2002 ( Date: 24-Jun-2009 09:37) Posted:
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VESTED 78-79c
CHINA’S SHIPBUILDING industry may be about to show some tentative signs of recovery, the South China Morning Post reported yesterday (June 23).
That spells potentially good news for Singapore-listed shipbuilders such as COSCO and Yangzijiang.
“We may see some orders for large ships for Chinese shipyards before the end of the year,” said Russell Barling, Asia corporate communications manager at Lloyd’s Register, the world’s No.2 ship classification society by order book.
Stimulus measures for the industry announced by Beijing in the past few months and optimism that the global recession might be bottoming out were key reasons for the more optimistic outlook, Mr Barling was quoted as saying.
“There are now inquiries going to Chinese shipyards for larger ships. There haven’t been many inquiries for larger ships for a long time, but now we’re seeing them within the past month,” Mr Barling said.
The measures include facilitating bank credit for shipbuilding.
Charles de Trenck, an analyst with consultancy Transport Trackers, was quoted as saying that China might see a recovery in shipbuilding orders later this year if oil-producing countries such as Iran placed orders for tankers.
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interesting article, thanks
ozone2002 ( Date: 24-Jun-2009 09:37) Posted:
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VESTED 78-79c
CHINA’S SHIPBUILDING industry may be about to show some tentative signs of recovery, the South China Morning Post reported yesterday (June 23).
That spells potentially good news for Singapore-listed shipbuilders such as COSCO and Yangzijiang.
“We may see some orders for large ships for Chinese shipyards before the end of the year,” said Russell Barling, Asia corporate communications manager at Lloyd’s Register, the world’s No.2 ship classification society by order book.
Stimulus measures for the industry announced by Beijing in the past few months and optimism that the global recession might be bottoming out were key reasons for the more optimistic outlook, Mr Barling was quoted as saying.
“There are now inquiries going to Chinese shipyards for larger ships. There haven’t been many inquiries for larger ships for a long time, but now we’re seeing them within the past month,” Mr Barling said.
The measures include facilitating bank credit for shipbuilding.
Charles de Trenck, an analyst with consultancy Transport Trackers, was quoted as saying that China might see a recovery in shipbuilding orders later this year if oil-producing countries such as Iran placed orders for tankers.
ozone2002 ( Date: 22-Jun-2009 22:28) Posted:
| lookin good for an entry.. |
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50 lots!
foucs6900 ( Date: 22-Jun-2009 22:31) Posted:
| yes man, today some 50lots liao, hehehe |
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so buy or sell?
The industry is picking up. Global orders for vessels and repairs are going to boost ship and marine industries bottom lines esp with the economy bottoming out or rising.
slowly but surely.. in the money
VESTED 78-79c
CHINA’S SHIPBUILDING industry may be about to show some tentative signs of recovery, the South China Morning Post reported yesterday (June 23).
That spells potentially good news for Singapore-listed shipbuilders such as COSCO and Yangzijiang.
“We may see some orders for large ships for Chinese shipyards before the end of the year,” said Russell Barling, Asia corporate communications manager at Lloyd’s Register, the world’s No.2 ship classification society by order book.
Stimulus measures for the industry announced by Beijing in the past few months and optimism that the global recession might be bottoming out were key reasons for the more optimistic outlook, Mr Barling was quoted as saying.
“There are now inquiries going to Chinese shipyards for larger ships. There haven’t been many inquiries for larger ships for a long time, but now we’re seeing them within the past month,” Mr Barling said.
The measures include facilitating bank credit for shipbuilding.
Charles de Trenck, an analyst with consultancy Transport Trackers, was quoted as saying that China might see a recovery in shipbuilding orders later this year if oil-producing countries such as Iran placed orders for tankers.
ozone2002 ( Date: 22-Jun-2009 22:28) Posted:
| lookin good for an entry.. |
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this remind me the advertisment from the tv...the small kid learning play net ball n young girl learning how to drive...u only hear good new from tis programe...no improvement at all...poor update...misleading.. dnt waste time to watch...heeeee...
I saw in last Sunday (21 June 09) Channel 'U' TV documentary "MoneyTalk" featuring Yangzijiang Shipbuilding. The chairman of the company claimed that they do not have any order cancellations so far from last year until now. They said they have strategies already in place to prevent order cancellations from their clients such as helping their clients to secure loans in order to buy their ships, or allowing deferred payment for their ships. In addition, he also said that their order books will leave them busy for at least the next 3 to 4 years. So, on hindsight, I think this shipbuilder really has been able to weather this financial storm until now. If not, why will it not conserve cash (most rational thing now to do for companies) and still does share buy back last December? Share buy back suggests that this shipbuilder company must be very confident with it's business going forward and buying back it's own shares at low share prices is a smart move to retreat the amount of common shares on the market at such opportunate time. This benefits it's remaining shareholders with a potentially higher earnings per share, dividends per share and returns on equity moving foward.
Of course, much remains to be seen from it's business performance for this year. Based on it's first quarter results, I think it has made decent profits. Investors in this company should still continue to monitor it's business performance.
beidou ( Date: 14-Dec-2008 23:31) Posted:
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In this kind of economic condition, wise managements are preserving cash but this co. has been agressively buying back its own shares. What is it trying to achieve? To support its share price or what? My view is: should wait still the picture is clearer before jumping in. It is the common knowledge now that all ship yards, big or small, face the same risk of order cancellations by their customers. |
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yes man, today some 50lots liao, hehehe
lookin good for an entry..
In this kind of economic condition, wise managements are preserving cash but this co. has been agressively buying back its own shares. What is it trying to achieve? To support its share price or what? My view is: should wait still the picture is clearer before jumping in. It is the common knowledge now that all ship yards, big or small, face the same risk of order cancellations by their customers.
very strong closing at 50 cents.
was down at 48 cents ....dont know if this was due to share buyback.
got gap at 22 Sep.
Ha ha , not that kiah now as compared it went down to 27cts. Cheers.
