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YZJ Shipbldg SGD    Last:3.29    -0.03

Cruising with the ship ..Yangzijiang

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moneycow
    01-Mar-2012 10:16  
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You sell now you regret....... many are waiting for you to let go ....cheaper so they can come on board... if you hold....tight. they have no choice but to pay your asking price. :)


moneycow      ( Date: 01-Mar-2012 09:41) Posted:



A lot of ppl still just wait and see. Look left and look right....undecided. If DOW was super green last night than it would be a totally different sentiment...

NO worries this one.....all futures are spelt out unless u want to try contra..then you worry. or else is patience.... you will be rewarded...

 
 
moneycow
    01-Mar-2012 09:41  
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A lot of ppl still just wait and see. Look left and look right....undecided. If DOW was super green last night than it would be a totally different sentiment...

NO worries this one.....all futures are spelt out unless u want to try contra..then you worry. or else is patience.... you will be rewarded...
 
 
IanIanIan
    01-Mar-2012 09:34  
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  <>Results above expectations. 4Q Rev at Rmb5.2b +20.7% yoy +51.4% qoq with net profit at Rmb1.0b +23.7% yoy +1.5% qoq. FY11 rev was $15.7b +16% yoy, net profit $4.0b+35% yoy.

4Q rev gained due to higher rev recognition from Shipbuilding segment approx 20.7% yoy to Rmb4.9b with 14 vessels delivered according to schedule. Investment segment rev was approx Rmb298.3m up almost 6 fold from prev 4Q with held-to-maturity (HTM) invt contributing Rmb183.3m.

Other gains saw a fall due to Rmb554m in provisions for impairments for HTM invt which was offset by Rmb367m gain from delivery of USD/CNY fwd contracts. Note that co has approx Rmb10.5b in financial assets and provision is approx 5.3% of the total.

Co accelerated its dev of ship-breaking and downstream recycling of metal business through the 80% acq of Jiangsu Huayuan and Jingjiang City, expecting capacity to grow from current 200k units to 600k units of light displacement tonnage per yr over nxt 3 yrs. The JV with Qatar set up 1 Jan 2012 will develop Taicang yard, the construction of which is expected to take place in 2012 to 2013

Co’s current orderbook stands at US$4.7b with over 100 vessels.

Dividend of 5.5c declared compared to 4.5c


 

BUTTTTTT..........never move up!!!!

 
 

 
Igony77
    01-Mar-2012 09:15  
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Euro problems are now just temporarily resolved. In fact resolved is too strong a word to use. It  is  delayed. If Greece measures fails to take effect, in the next 1-2 years time in additional to the problems Spain &   Italy  already have get worsen, it will trigger a wholesale world problem.
 
 
pcxiao2008
    01-Mar-2012 09:12  
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as mentioned, it will be flat as the expected news already factoring since last few days...
 
 
rotijai
    01-Mar-2012 09:06  
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euro is not the only concern.. if u think it is the culprit.

and there's no way euro can get over their problem.. we all know that.. tat's y market is rallying all the way cause we already know euro is gone case.

moneycow      ( Date: 01-Mar-2012 08:57) Posted:



On the other hand both brokers and their own report mentioned....Their order book filled.......earnings are almost garanteed...unless there are cancellation of orders which is highly unlikely... so it got good chance of  moving up quite a bit over...the next 2-3 months... might hit $1.90 and above from the way..... things are going... winning more contracts would be catalyst to enhance movement... but normal movement upwards would ... be 2- 4 months if world economy remains healthy.. and Euro get over their problem and things goes back to normal..

Euro was the main culprit causing world stocks to plunge many more than 50%....  many are recovering only....

 

 
moneycow
    01-Mar-2012 08:57  
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On the other hand both brokers and their own report mentioned....Their order book filled.......earnings are almost garanteed...unless there are cancellation of orders which is highly unlikely... so it got good chance of  moving up quite a bit over...the next 2-3 months... might hit $1.90 and above from the way..... things are going... winning more contracts would be catalyst to enhance movement... but normal movement upwards would ... be 2- 4 months if world economy remains healthy.. and Euro get over their problem and things goes back to normal..

Euro was the main culprit causing world stocks to plunge many more than 50%....  many are recovering only....
 
 
moneycow
    01-Mar-2012 08:52  
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It have been having consistent big volume almost daily. Such good news surely move up at least 6 cents - might hit 1.42-143... ..
 
 
gavinl
    01-Mar-2012 08:42  
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Hopefully can cross 1.40 mark as this is the resistence level.

Those who bought 2 days ago at 1.27 to 1.30,should be laughing now.

Well done!

xiaoqin83      ( Date: 01-Mar-2012 01:27) Posted:



How much can it go tomorrow?? Can someone post the result??

 

 
 
IanIanIan
    01-Mar-2012 08:38  
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Yangzijiang Shipbuilding Holdings Ltd
may be in focus after announcing its fourth-quarter
net profit rose 24 percent from a year earlier to 1.04 billion
yuan ($165.3 million), helped by higher vessel deliveries and
increased gross profit margin.
 

 
xiaoqin83
    01-Mar-2012 01:27  
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How much can it go tomorrow?? Can someone post the result??

 
 
 
pcxiao2008
    01-Mar-2012 00:44  
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good...hope to see the green and up for this stock tml!
 
 
Igony77
    01-Mar-2012 00:29  
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Just saw YZJ FY11 results. Not bad. Divident confirmed to be 5.5cents per share.

Current Financial Period Reported On
本 財 務 報 表 期 間
Name of Dividend
股 利 名 稱
Ordinary Share Final Dividend (Proposed)
普 通 股 最 終 股 利 ( 獻 議 )
Dividend Type
股 利 形 式
Cash
現 金
Dividend Rate
每 股 股 利
5.5 Singapore cents per ordinary share
每 一 普 通 股 5.5分 新 幣
Tax rate
稅 率
Tax exempt (One-tier)
免 稅 ( 一 級 )
Book Closure date
停 止 過 戶 日 期
to be announced in due course
將 另 行 公 佈
Payment Date
股 利 發 放 日
to be announced in due course
將 另 行 公 佈
 
 
Igony77
    01-Mar-2012 00:22  
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Where did u see their FY report?

ddren09      ( Date: 01-Mar-2012 00:12) Posted:

Their results are out! 5.5c dividend.

 
 
ddren09
    01-Mar-2012 00:12  
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Their results are out! 5.5c dividend.
 

 
pcxiao2008
    01-Mar-2012 00:07  
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likely not much movement tml as the results is still not released yet...
 
 
YoutiaoOKT
    29-Feb-2012 23:58  
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Forget about cosco.... They have great revenue, cfm better than yzj and even semb, but profit margin is terrible!!! $1 revenue, $0.90 cost of sales since 2009, excluding their operating expenses, that explains their 19x.  Even have many contracts also no use. Don't think they are adaptive  enough to  macro changes. 


Unless they can keep their CI to around 0.80 or less like yzj, by  becoming a much leaner corporation  and be more flexible in managing material cost, this counter will forever be for punters only.


will prefer yzj more than cosco for the next 2-3 years. however Cosco still have the muscle in shipping building industry and most likely in  offshore marine as well.   

Just my thoughts. hehe

phil1314      ( Date: 29-Feb-2012 22:01) Posted:



AM Fraser:

Stock in Focus

YANGZIJIANG SHIPBLDG HLDGS LTD

With the FY11 earnings season coming to a close, YZJ is one of the largest companies yet to release results. We take a look at what might happen on Wednesday:

Record CNY 4b profits: With the 9M2011 net profit of CNY 2.94b just a hair shy of the full year 2010 net profit of CNY 2.96b, record profits this year is virtually certain. Our forecast of CNY 4b translates into about SGD 0.215 per share.

Accelerating revenue recognition: From 2010 to 2011, YZJ delivered more bulk carriers than containerships. A typical bulk carrier that takes 8 months (for YZJ) to build may bring in USD 30m, but a containership that takes an equal amount of time would bring in close to USD 45m. 2011 will see more containerships being built.

Yard is full for 2012: YZJ is in the enviable position of having a healthy order book. The recent orders that were taken are scheduled for delivery between 2013—2015. Though the shipbuilding market remains anaemic, with FY11 new orders at only about 55%-60% of revenue, YZJ has a large enough order book to tide it till the eventual recovery.

6c dividend: We expect YZJ to continue paying out 30% of its earnings. On 21.5c EPS, FY11F dividends would likely be 6c or 6.5c, for a good dividend yield of 4.6%.

Trading at 6.2x FY11F EPS: YZJ is still cheap. Its closest peer on the SGX, COSCO, trades at 19x forward P/E. We continue to find it strange that these two stocks trade in lockstep, with a correlation over 90%, at such wildly differing valuations. Either YZJ is too cheap, or COSCO is too expensive, or both. A convergence in valuation is an eventuality. For now, while we await YZJ’s results on Wednesday, we make no changes to our FV, and maintain our Buy call.

 

 
 
moneycow
    29-Feb-2012 23:41  
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Until now report have not come out. Maybe its postponed to 1st March as said by IanIanIan:)

Anyway no rush......... but analysis most reports come out based on  result until Sep 2011,  its 3rd quarter points to record... ..
 
 
moneycow
    29-Feb-2012 22:46  
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Wow hope they are choon. 6-6.5 cents dividends....the stock would don't know move hoe high after announcement if that prediction really become reality.. :)
 
 
phil1314
    29-Feb-2012 22:01  
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AM Fraser:

Stock in Focus

YANGZIJIANG SHIPBLDG HLDGS LTD

With the FY11 earnings season coming to a close, YZJ is one of the largest companies yet to release results. We take a look at what might happen on Wednesday:

Record CNY 4b profits: With the 9M2011 net profit of CNY 2.94b just a hair shy of the full year 2010 net profit of CNY 2.96b, record profits this year is virtually certain. Our forecast of CNY 4b translates into about SGD 0.215 per share.

Accelerating revenue recognition: From 2010 to 2011, YZJ delivered more bulk carriers than containerships. A typical bulk carrier that takes 8 months (for YZJ) to build may bring in USD 30m, but a containership that takes an equal amount of time would bring in close to USD 45m. 2011 will see more containerships being built.

Yard is full for 2012: YZJ is in the enviable position of having a healthy order book. The recent orders that were taken are scheduled for delivery between 2013—2015. Though the shipbuilding market remains anaemic, with FY11 new orders at only about 55%-60% of revenue, YZJ has a large enough order book to tide it till the eventual recovery.

6c dividend: We expect YZJ to continue paying out 30% of its earnings. On 21.5c EPS, FY11F dividends would likely be 6c or 6.5c, for a good dividend yield of 4.6%.

Trading at 6.2x FY11F EPS: YZJ is still cheap. Its closest peer on the SGX, COSCO, trades at 19x forward P/E. We continue to find it strange that these two stocks trade in lockstep, with a correlation over 90%, at such wildly differing valuations. Either YZJ is too cheap, or COSCO is too expensive, or both. A convergence in valuation is an eventuality. For now, while we await YZJ’s results on Wednesday, we make no changes to our FV, and maintain our Buy call.

 
 
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