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Showed sign of downtrend since it rebounded of 1.19
arowana1 ( Date: 14-May-2008 08:29) Posted:
| i could be wrong but chart showing in downtrend for the short term? |
|
i could be wrong but chart showing in downtrend for the short term?
Hi all,
May i know your view on this stock?is it worth to keep it??
Thanks for your precious opinions....
SPOT ON!
look at this baby go..
ozone2002 ( Date: 06-May-2008 09:31) Posted:
looks like accumulation goin on today..
set to rise! |
|
Short term: Up & Down
Long Term: UP
On the queue, hope it goes down a little more.
Cheers.
Wanted to buy in below 112 leh, after XD, but strong blocking at 112, the burgers are around. Today AK half day off, go happy, he he.
looks like accumulation goin on today..
set to rise!
this counter is so strong now.. just like LI HENG
all these s shares.. v good growth prospects
but im still keeping my $$ with the made in singapore blue chips...im kiasee
Delow $1/-, very difficult kiao.
| Yangzijiang |
CD |
-- |
1.090 |
1.110 |
+0.040 |
+3.7 |
27,960,000 |
230,000 |
1.110 |
1.120 |
2,716,000 |
1.110 |
1.080 |
lucky168 ( Date: 30-Apr-2008 03:31) Posted:
|
Below $1/-, quite difficult liao.
| Yangzijiang |
CD |
-- |
1.090 |
1.110 |
+0.040ct |
+3.7% |
Vol 27,960,000 |
230,000 |
1.110 |
1.120 |
2,716,000 |
1.110 |
1.080 |
lucky168 ( Date: 30-Apr-2008 03:31) Posted:
|
Brokers' Take
Yangzijiang Shipbuilding
April 29 close: S$1.06
DBS GROUP RESEARCH, April 29
YANGZIJIANG'S
Q1 2008 results were within our expectation. Q1 2008 net profit doubled
to 371.3 million yuan, with revenue surging 86 per cent y-o-y to
1,694.1 million yuan. Gross margin held up at 21.0 per cent (up 0.7
percentage point y-o-y and 1.1 percentage points higher q-o-q) as the
bulk of its steel cost was locked in last year. The 72 million yuan
unrealised fair value gains on forward currency contracts also boosted
earnings.
Operationally, the firm managed to squeeze in four
additional vessel deliveries in 2009 on the back of improved efficiency
and resultant higher productivity at its new yard.
In addition,
these vessels were priced at over 30 per cent premium because of the
shorter lead-time. Hence, we have raised FY2008 and FY2009 revenue
estimates by 10.6 per cent and 8.7 per cent, respectively. In
anticipation of fatter margins for these vessels, net profit estimates
were raised by 13.9 per cent and 13.0 per cent, respectively.
We
remain concerned over Yangzijiang's execution of its US$6.8 billion
record-high order backlog, which stretches over four years. With 30 per
cent of its order book exposed to forex fluctuations and the risk of
high steel prices affecting its earnings from H2 2009 onwards, the risk
to forecasts is high beyond 2009.
Maintain "hold" and fair value
of S$1.45. The increase in our earnings estimates are offset by a lower
target PE multiple of 14x estimated FY2009 PE (instead of 16x), in line
with the industry de-rating to account for higher risk premium.
HOLD
Couples with DJ fall, no eye see Cosco once market open. But buying on coming Fri may be better choice, AK view. Sure below 2.99 one, he he, if not AK chop away my...........
buy below 1
Yangzijiang fell on higher steel prices.
Yangzijiang's results revealed strains from higher steel prices and I believe this will affect the margins of Cosco as well" said a dealer.
Yoh, jangan tension loh. Hold it loh.
a bit cloudy,,,,,look like selling presurur,,,,,,,coming,,,,,,,,a lot jump ship liao,,,,,tomorow can see contra buyer pit up or dump than decided to pit for my pofolio,,,,,,im no vest,,,no short position,,,,,,,,may be im going swift my target to li heng,,,,,china hongxing or china sun,,,,,,,,,,the day is coming,,,,,,u know wat im saying,,,,,,,
Yangzijiang: HOLD S$1.10; Bloomberg: YZJ SP
Steel a concern
Price Target : 12-Month S$ 1.45
Story: Yangzijiang ("YZJ")'s 1Q08 results were within our expectation. 1Q08
net profit doubled to RMB371.3m with revenue surging 86% y-o-y to
RMB1694.1m. Gross margin held up at 21.0% (+0.7ppt y-o-y and +1.1ppt q-o-q)
as the bulk of its steel cost was locked in last year. The RMB72m
unrealized fair value gains on forward currency contracts also boosted
earnings.
Point: Operationally, YZJ managed to squeeze in four additional vessel
deliveries in 2009 on the back of improved efficiency and resultant higher
productivity at its new yard. In addition, these vessels were priced at
over 30% premium because of the shorter lead-time. Hence, we have raised
FY08F and FY09F revenue by 10.6% and 8.7%, respectively. In anticipation of
fatter margins for these vessels, net profit estimates were raised to 13.9%
and 13.0%, respectively.
Relevance: We remain concerned over YZJ's execution of its US$6.8bn record
high order backlog, which stretches over 4 years. With 30% of its order
book exposed to forex fluctuations and the risk of high steel prices
affecting its earnings from 2H09 onwards, the risk to forecasts is high
beyond 2009. Maintain Hold and fair value of S$1.45. The increase in our
earnings estimates are offset by a lower target PER multiple of 14x FY09F
PE (instead of 16x), in line with the industry de-rating to account for
higher risk premium.
Angry is the man ah. Still can affort the burger to drop few cts more. Lunch leow loh.
