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wow ! superb !
rally time ?
Yangzijiang bags record RMB1bn profit
Singapore: Privately-owned Yangzijiang Shipbuilding bagged a record net profit of over RMB1bn ($157.7m) for its third-quarter of 2011.
The gleaming results were attributed to recognition of higher margin shipbuilding contracts delivered and under construction that were secured prior to the financial crisis, and the yard delivered more vessels in the third-quarter.
Singapore-listed Yangzijiang improved its net profit by 40% from RMB730.4m seen in the third-quarter of 2010.
Revenue also improved 12% year-on-year to RMB3.46bn, the company announced on Wednesday.
The shipbuilder delivered 19 ships during the quarter, up from 14 ships delivered in the same period of last year.
As at 30 September 2011, Yangzijiang's outstanding orderbook stood at 114 vessels worth a total of $5.3bn.
“The industry conditions are tough, but we are confident of winning new shipbuilding orders due to our unique and niche positioning,” said Ren Yuanlin, executive chairman at Yangzijiang. [09/11/11]
Hunter2011 ( Date: 09-Nov-2011 08:56) Posted:
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Whoa...Read Midas is strongly bet to go up 1.91 - a 375% profit, like that YZJ can jump start to hit new higher high. Happy trading to all. good luck to all.
i never hold YZJ but watching closely, caused YZJ is one of the best among s-chipsteeth53 ( Date: 07-Nov-2011 13:01) Posted:
Sell into good news and take ur profit...Arhh.
Hunter2011 ( Date: 07-Nov-2011 07:45) Posted:
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Many people are thinking like you.
Everyone is trying to sell faster than you, and just like tender exercise, end of the day everyone just lock in at 1cts profit enough.
That is why the trading pattern is at 90 to 97 then drop to
85 to 93 and
85 Yangzijiang exercise share buy back.
teeth53 ( Date: 07-Nov-2011 13:01) Posted:
Sell into good news and take ur profit...Arhh.
Hunter2011 ( Date: 07-Nov-2011 07:45) Posted:
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Sell into good news and take ur profit...Arhh.
Hunter2011 ( Date: 07-Nov-2011 07:45) Posted:
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Cosco has execution risks ??
So far never hear any news that YZJ experience in cost overruns...
" " The main culprit was higher expected losses on construction contracts of S$47 mil. We understand from management that the bulk of these expected losses originate from its offshore projects where it experienced cost overruns. The expected losses also provides for penalties stemming from a probable late delivery of one of its vessels currently under construction.
The company also mentioned that they might have to recognize further losses in subsequent quarters if they experience further cost overruns or negotiate new shipbuilding/offshore projects at a loss, which we think is highly possible given 1) as it embark on the construction of model/class of rigs not built previously (Letourneau jackups, DP3drillships) and 2) current shipbuilding market remains weak with little signs of improvement (current rates on construction of bulk carriers not profitable). " "
(source:
http://kfc1973-stock.blogspot.com/2011/11/cosco-another-disappointing-quarter.html )
Yangzijiang always follow behind COSCO
COSCO is big brother! Cosco is YZJ client, Cosco order ships from Yangzijiang.
Another way of looking is Yangzijiang is cheaper.
Or just before.........
moneycow ( Date: 04-Nov-2011 13:42) Posted:
YZJ and Cosco playing catching - Cosco was so far away - its slowed down then YZJ speed up a little closing in thenb Cosco speed up a little can't get it now. Its just a matter of days - neck to neck then over take.......................
Then both puntured ..............then the race start all over a again........
After YZJ result and divident announcement - it would move past Cosco......:) |
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YZJ and Cosco playing catching - Cosco was so far away - its slowed down then YZJ speed up a little closing in thenb Cosco speed up a little can't get it now. Its just a matter of days - neck to neck then over take.......................
Then both puntured ..............then the race start all over a again........
After YZJ result and divident announcement - it would move past Cosco......:)
This one got no direction lay. Don't know want to go up or down.
moneycow ( Date: 04-Nov-2011 11:20) Posted:
| why it has been 1 day up, 2 day down then repeat..............not yet up up and away the sky is the limite thing...:) hopefully soon. |
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Sifu, you lead the big buy up for us can?
moneycow ( Date: 04-Nov-2011 11:20) Posted:
| why it has been 1 day up, 2 day down then repeat..............not yet up up and away the sky is the limite thing...:) hopefully soon. |
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why it has been 1 day up, 2 day down then repeat..............not yet up up and away the sky is the limite thing...:) hopefully soon.
U r the winner today :)
Longist just paper less............in value :)
Quick cover your short.... 95 and uping.................
Katek die pain pain :)
HSI and STI recovering.
tianji ( Date: 03-Nov-2011 11:29) Posted:
Just managed to short this at 94.5cents.......
Target 90.5cents to cover back...
Cut loss at 95.5cents....
See who win.... |
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Just managed to short this at 94.5cents.......
Target 90.5cents to cover back...
Cut loss at 95.5cents....
See who win....
COSCO PROFIT DOWN....price shot down
NOL PROFIT DOWN ......price shot down
NOW YZJ ......Price shot down.......because PROFIT SEEMS DOWN ALSO.........
BUY at a Significant High Risk......SELL with Significant PROFIT AGAIN.....
On Wednesday, Yangzijiang re-test the resistance at $0.975 and closed at $0.97 with LOW volume of 24.86 million shares traded.
A white candle sticks with short lower shadow affirms that investors have no hesitant in buying the stock higher.
RSI & MACD are bullish as RSI trend upwards.
Immediate Resistance of Yangzijiang: $0.975
Immediate Support of Yangzijiang: $0.77
Currently prices are resisted by 50 days MA at $0.975.
Yangzijiang seems to be having .......................
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