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1861-1880 of 4713
btw, this ship below $1 is basically good buy bah,
lower 0.9 or higher 0.9... depends on luck... yea, market now so volatile, to predict the movement is almost like gamble oredi...
russellwtan ( Date: 31-May-2012 07:46) Posted:
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Bottom-fishing
YZJ is cheap at 1.2x P/BV, its trough during GFC. After a strong 1Q12,
we believe FY12 is likely to beat consensus expectations on margin
strength. Securing jack-up rig orders could be its game changer.
We adjust FY12-14 EPS by -5% to
+7% on changes to shipbuilding
margins. Maintain Outperform, albeit
with a lower 7x CY13 P/E target, 20%
below its 5-year mean (from 8x or
10% below its 5-year mean) to reflect
increased risk aversion. Implied P/BV
is 1.5x, 20% below its 4-year -1SD of
1.9x – still cheap. .
Trough unwarranted
The stock had outperformed the
FSSTI by 20% year to Apr before
sliding in May following a resurgent
European debt crisis. We think it has
been oversold, to 1.2x P/BV (GFC
valuations in Oct 08). With no news
of order cancellations, we foresee a
rapid recovery in its share price if and
when euro-zone concerns dissipate.
Strong margins from Cosco’s
pre-crisis orders
YZJ beat our expectations in 1Q12
with shipbuilding gross margins of
27.2% against our 23.5% expectation
for FY12. We believe progressive
execution of its remaining 18 pre-GFC
high-margin container-vessel orders
from COSCO in FY12-13 could
support margins. We now expect
shipbuilding gross margins of 25%,
22% and 15% for FY12-14 (previously
23.5%, 21% and 19%).
Offshore re-rating
YZJ’s entry into rig building should
be imminent as it prepares itself by
developing the Taicang yard and
hiring personnel to beef up its
offshore division. Given its
shipbuilding track record, we believe
its learning curve could be less
painful than for other Chinese
shipbuilding aspirants such as Cosco
Corp and JES. Management is
confident of securing 1-2 jack-up rig
orders by end-2012.
hope can change luck a bit haha!
under 1.00 will be good price..expected range 0.9x-1.xx
how low below 1.00 will be your skill and luck..
Sgshares ( Date: 30-May-2012 21:50) Posted:
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On Wednesday, Yangzijiang re-test the resistance $1.08 and closed at $1.04 with HIGH volume of 27.41 million shares traded.
During the past 10 bars, there have been 4 white candles and 5 black candles for a net of 1 black candle. During the past 50 bars, there have been 16 white candles and 31 black candles for a net of 15 black candles.
RSI & MACD are bullish as RSI trend upwards.
Currently prices are resisted by 20/200 days MA at $1.08.
Immediate Resistance of Yangzijiang: $1.08
Immediate Support of Yangzijiang: $1.02
Since 18/May, prices have ........... READ MORE
russellwtan ( Date: 30-May-2012 16:26) Posted:
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this counter is like roller coaster, up & down very fast... happy trading!
bought 10 lots.
hey bros, first time on the forum...
also newbie trader. bought 1.06 for yzj, today closed at 1.045, what do you guys think?
will go up? do i stop loss at 1.02 or hold on?
russ
looks like a breakout!..gd luck dyodd
Yangzijiang Shipbulding - Bullish breaks suggest further recovery
Resistance: S$1.20
Support: S$1.02
Last Closing Price: S$1.075
52-week Px Range: S$0.77 - S$1.63
ricourean ( Date: 28-May-2012 15:59) Posted:
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Why the jump? Time to sell?
tomorrow will be a very very good chance to
to get much lower than 1.00.....waiting at 0.91-0.93...lol...
louis001 ( Date: 23-May-2012 09:17) Posted:
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Actually, this counter quite strong compared to the rest.
Only dropped 2.5 cents and the queue to buy is more than twice than sell.
Might be a fake queue to buy but so far sustain quite well.
Ha ha ha,Mr.Fox,
You must have prayed very very hard,
now your prayer is answered[below $1].
I still think better time to buy is this Thurday or Friday.
But if price goes up,dont blame me ok?
Lol.
louis001 ( Date: 23-May-2012 09:17) Posted:
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