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The fear is still the metal price, over the yr before 2012, projects materialised.
Yangzijiang Shipbuilding is confident of sustaining earnings growth of more than 50% this fiscal year and the next, citing expansion plans, robust order books and existing strong fundamentals.
Yangzijiang chairman Ren Yuan Lin said the group's shipbuilding capacity is expected to jump by a stunning 2m deadweight tonnes (dwt) from the current 300,000 dwt by end-'10 when a phase 2 expansion programme at its newly acquired yard is completed.
Last month, Yangzijiang indirectly acquired a 24.81% equity interest in Jiangsu New Yangzi Shipbuilding Co (JNYS) for $517.67m via cash, loan and a share issue, which raised its equity interest in JNYS to 100%. JNYS owns a new yard in Jiangyin Economic Development District in Jingjiang City in Jiangsu, which is currently undergoing first-phase expansion to a capacity of 1.2m dwt next year.
Mr Ren said the company's order book is "packed to 2011-2012". Although the group has only received 2 shipbuilding contracts in the first quarter, Mr Ren said it is confident of meeting its full-year order target of 50 vessels worth US$2.2bn.
Ha ha, buy and sell in bulk, huat leow lah. Things to worry is this week's DJ performances owing to breaking news. But the antitode still must come from SHI. At this moment, nothing much to worry, incubate it love, he he.
Not much upside, but it is gaining momentum for sure..... it is just when to see its breakout... which i believe u will witness it not long soon...
Buying back may not be visible if YZJ has gaining momentum. The 50% gain forecast, as sifu said, is a driving force to attract more buyers, including the BBs, including those fr PRC and HK.
Yangzijiang Shipbuilding rose after a newspaper reported that its management expects earnings growth of 50% for the next two years, dealers said.
YZJ having a share buyback?
From now on, below 1 is an history leow. AK view only. Buy and keep now, mai thue leow.
For me I have enough of this ride...my sea sick is finally over...I will come back again when there are more chances...I have clear my load at 0.79 and 0.94...I will board the ship again if it goes to 0.45 or 0.85 as some brother had mentioned before...All the best !
im not vest,,,,,,im cheers those still holding and earn big money,,,,,,,finally all of you win a lot at least now,,,,,,,,tis baby always got potantial to earn,,,,,,,,,any pull back im going to pick up akan datang day,,,,,,,the bb now grown than strong,,,,stamach today than big,,,,,,i cheers bb they win the most they snap up 1.04 to 1.07cts,,,and push all the way to 1.12,,,,,,,,,hope win win both bb and retaill player
As what AK had said! I support all the way lar!! currently holding at 1.1!
Happy mah, life is so short leh. When I make others happy, I also happy ah. Cheer.s
AK gor gor....dun make me so happy lah!!!! dun anyhow chop chop...HEEhee....
Now, war game reference changed from 03 to 0.1 %(200% changed, tax cut leow). 1.23 TP should be forecasted to new on as 1.23x3=3.69 leow, ha ha, unorthordox formula fr AK. He he.
Nonetheless, your dream of 1.25 sure comes through one, if not AK chop away my head ah. Oh no, I meant the hair's head. Ha one of my jokes to tease chew boos
if it really can go up @1.25 me very happy cause me holding at @1.26 lah!!!! Tis morning sit infront of the 
still not break 1.12
......break ah!!!! gather force to break thro 1.12 and cheong ah!!!!!!!!!
CIMB sure bo hahaha ....make everyone so happy....
| Yangzijiang +6.9%;CIMB Tips S$1.25 Breakout Target |
| 0347 GMT [Dow Jones] Yangzijiang (BS6.SG) riding high on rally in China stocks after China moves to cut stamp duty on share transactions; stock +6.9% at 8-week high of S$1.09. CIMB says technical indicators look bullish; "both its indicators have hooked up once more, suggesting that buying momentum is still strong." Notes stock is now above its S$1.00 psychological resistance, sets near-term breakout target of S$1.25. Broker adds, longer-term technical indicators also positive, says stock could head up to 40-week moving average of around S$1.70 in medium term. Today's share price rise supported by good volume, adds weight to CIMB's view that shares could move higher, with first resistance tipped at S$1.13 (50% Fibonacci retracement of drop from Feb. 18 high of S$1.48 to March 20 low of S$0.78). (KIG) |
let's look at a short term basis...$1.16 region will be the next small resistance...but looking slightly further ahead...$1.27 is the tougher resistance to break & close above...
wow cyjjerry85 you are spot on :)
The time has finally comes...
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