YZJ Shipbldg SGD    Last:3.28    -0.04

Cruising with the ship ..Yangzijiang

Will Yangzijiang Halt  in the afternoon to announce result and dividents..?

 

Chinese shipbuilding industry seems definitely to be in crisis, with bad news being told, such as escape of Dong Fang Shipbuilding's president, etc.
The Chinese government is now working on solving problems of Dong Fang, however, just a few additional companies would be possibly supported by the government.
Other than financial difficulties, Chinese yards are facing depressed shipping market, decreasing new order, etc.
Market player in China said that shipowners were having troubles in making a payment and kept pushing shipbuilders in a liquidity squeeze. Moreover, declining proportion of down payment pressures shipbuilders' funding.
China's Shenyin & Wanguo Securities forecast that shipbuilding market shows no sign of recovery this year and would not exceed 60m dwt of order contracts in 2012.
Shenyin & Wanguo said that Chinese shipbuilders' orderbook as of the end of January plummeted by 22% to 159m dwt, year-on-year. As newbuildings, ordered in a boom period, had mostly been delivered already, this year would be much harsher period.
Published : February 27, 201

http://www.asiasis.com/view_new.php?bbs_id=news& doc_num=15443

If Yangzijiang do not have much Ship Breaking and Off Shore contract, this time good result is final for this year.

 

silvermansac      ( Date: 27-Feb-2012 17:42) Posted:   i think   down trend starts la lia chiong la

 

  i think   down trend starts la lia chiong la

 

will it go down some more tmr?

 

watsup wif it?!

report shld b good, judging from current trend, e.g.GEN SP, WILMAR, COSCO...

all making $, but sell down! 

 

BB trying to scare people away to collect cheaper shares.

 

Fresh from the oven from DBS Vickers. Only partial report.result expect on 29/2

Could hit  above 1.60 after result announcement....or even just before...

  Target 1.55......... usually when such report comes out...it would surpass  the traget within a very short time...

Just for info. No implications.


........


Another record year. We expect Yangzijiang to churn RMB967m profit (+15% y-o-y, -5% q-o-q) in 4Q11, which will mark another record year with RMB3.9bn (+32% y-o-y) net profit for FY11, beating conservative consensus estimate of RMB3.7bn. Delivery of more high margin contracts in 4Q may give rise to upside surprises in the final results due on 29 Feb

  · Maintain BUY TP raised to S$1.55 offers 18% upside potential and
  attractive dividend yield of 5%

Igony77      ( Date: 22-Feb-2012 11:52) Posted: YZJ opened at 1.38 then fell to 1.335 before gaining back the losses to almost even out now. Hope this counter will be able to test 1.4 later today.

 

YZJ opened at 1.38 then fell to 1.335 before gaining back the losses to almost even out now. Hope this counter will be able to test 1.4 later today.

 

Thanks bro!

steadylar      ( Date: 22-Feb-2012 11:24) Posted: YZJ results will be out Tues 28/2

 

YZJ results will be out Tues 28/2

 

I'm not able to find the exact date for the announcement

NOL 22 Feb

COSCO 23 Feb

  YZJ ???

 

I thought someone said it should be 22nd. Tomorrow or today after trading close.

So huge volume- don t think its just because of contract wins.

Maybe divdent would also have a special divident - wow if 5 cents would be nice.

 

Result announcement should be 28Feb, right?

 

Some traders got the news late. But still joins in with the good news announcement and anticipations... so rocket... if DOW was open last night.  It would have fly even higher... :)

Perhaps its just the beginning...

PERHAPS - not sure. No implications. Just watch.

 

Wonder if its because someone have inside news about result reporting and dividends declaration that makes it fly.... coincide with contract wining announcement ..or else it would surge again when result and dividends announced.........this few days..might be tomorrow or this evening...

 

DBS Vickers Securities said Yangzijiang may report better-than-expected earnings later this month. DBS had forecast 3.9 billion yuan ($619 million) in full-year net profit for Yangzijiang but it now says earnings could be higher on the back of deliveries of high-margin contracts. ($1 = 6.3017 Chinese yuan)

 

Today bullish?

 

Took profit today! after report out. 1.35

Those who are holding Good Luck!

moneycow      ( Date: 21-Feb-2012 10:30) Posted: Mr. Hawkeye, Looks like you missed the boat or sold too early ? :)   Hawkeye      ( Date: 21-Feb-2012 10:13) Posted: Not Good Report! 2011 short 300million able to clinch 1.2 billion only, projection required 1.5 billion 2012 same target of 1.5 billion order, 2 months achive 200million only, not meeting target. Expect YZJ earning to drop from 2012 unless they are able to meet target

 

Mr. Hawkeye,

Looks like you missed the boat or sold too early ? :)

 

Hawkeye      ( Date: 21-Feb-2012 10:13) Posted: Not Good Report! 2011 short 300million able to clinch 1.2 billion only, projection required 1.5 billion 2012 same target of 1.5 billion order, 2 months achive 200million only, not meeting target. Expect YZJ earning to drop from 2012 unless they are able to meet target. Igony77      ( Date: 21-Feb-2012 09:36) Posted: http://info.sgx.com/webcorannc.nsf/AnnouncementLast3Months/4B835F34AECAE3EA482579AA002E443A?opendocument The Board of Directors (the “Board”) of Yangzijiang Shipbuilding (Holdings) Ltd (the “Group” or  the  “Company”)  is  pleased  to  announce  that  the  Group  has  secured  shipbuilding contracts  (the  “Contracts”)  of  seven  (7)  vessels  with  an  aggregate  contract  value  of US$206.2 million since the beginning of the year 2012 until todate. 揚 子 江 船 業 （ 控 股 ） 有 限 公 司 董 事 局 （ 以 下 簡 稱 “集 團 ”或 “公 司 ”） 欣 然 宣 佈 集 團 自   2012  年 已 簽 署 並 生 效 共 計 7 艘 船 的 建 造 合 同 ， 總 合 同 金 額 計 2.062 億 美 元 。     The  new  Contracts  secured  comprise  four  (4)  units  of  82,000  DWT  bulk  carriers,  two  (2) units  of  95,000  DWT  bulk  carriers  and  one  (1)  unit  of  47,500  DWT  bulk  carrier   whereby such vessels are scheduled for deliveries in the period from 2013 to 2015 and therefore will not have any significant impact on the earnings of the Group for the financial year ending 31 December 2012.  集 團 新 簽 訂 且 生 效 之 訂 單 具 體 為 4 艘 82,000 DWT 散 貨 船 、 2 艘 95,000 DWT 散 貨 船 和 1 艘 47,500 DWT 散 貨 船 。 新 接 獲 的 訂 單 將 於 2013 年 至 2015 年 逐 年 交 付 ， 因 此 不 會 對 集 團 截 至 2012 年 12 月 31 日 的 收 益 産 生 顯 著 影 響 。     As  for  year  2011,  the  Group  had  in  total  secured  twenty-one  (21)  effective  shipbuilding contracts with an aggregate value of US$ 1,212 million.  總 結 2011 年 ， 集 團 共 接 獲 并 生 效 訂 單 21 艘 ， 合 同 總 金 額 計 12.12 億 美 金 。   Save for their respective shareholdings in the Company, none of the directors or controlling shareholders of the Company has any interest, direct or indirect, in the Contracts.  不 考 慮 持 有 的 公 司 股 權 ， 任 何 一 位 董 事 、 控 股 股 東 或 主 要 股 東 與 以 上 交 易 均 無 直 接 或 間 接 的 利 益 關 系 。     BY ORDER OF THE BOARD  谨 代 表 董 事 局       Ren Yuanlin / 任 元 林   Executive Chairman 執 行 主 席     20 February 2012 2012 年 2 月 20 日

 

CIMB Maintain Underperform for YZJ but why still riase the Target from S$0.72 to S$1.43 ?(source:  Not out of the woods  )