YZJ Shipbldg SGD Last:3.08

-0.2

Cruising with the ship ..Yangzijiang

--- IS BS6 still has good mgt & control system ?????

--- 港报：温家宝急南下督办温州危机

从今年四月至今，温州已有九十多名企业老板因欠下巨额债务而卷款外逃，债务总金额估计有近二百亿元，随时引发一场中国特色的区域性金融危机，引起中央高度重视

????????? Who are they ???????

Quote " .... YZJ has invested Rmb10b in “held-to-maturity” assets, which generated about 27% of its 2Q11 pre-tax profits. With its huge exposure, YZJ risks impairing its earnings or wiping out 92% of its equity, should widespread defaults lead to a collapse of this financing system. "

maybe this could be one that make some BBs uncomfortable and use it to whack YZJ in current market sentiments....

remember, all you need is a few BBs to sell down the share price....

Yangzijiang: Local govt in Wenzhou city has announced on 28 Sep a set of new regulation on shadow bank lending (or private lending), including that private loan rates cannot exceed 4x China’s benchmark interest rate.

Amid a credit clampdown on banks in China, many cash-strapped firms have turned to a thriving informal lending market, which charge exorbitant monthly interest rates, leading to a string of defaults where the factory owners have gone into hiding to avoid repaying loans.

A growing number of Chinese companies have gone into this non-bank financing business in order to seek higher returns for their excess cash. Among them, YZJ has invested Rmb10b in “held-to-maturity” assets, which generated about 27% of its 2Q11 pre-tax profits. With its huge exposure, YZJ risks impairing its earnings or wiping out 92% of its equity, should widespread defaults lead to a collapse of this financing system.

i think so

susan66 ( Date: 05-Oct-2011 14:53) Posted:

Most probably can prevent it from further selldown temporarily.

Hunter2011 ( Date: 05-Oct-2011 14:41) Posted:

Could the share buyback work this time ??

AmFraser:

YZJ’s buyback mandate allows it to buy up to 10% of its shares outstanding. We expect the company to continue to repurchase its shares, as it has done so during the 2008 depths when it resolutely bought back a total of 228.2m shares or 6.25% of its shares between prices of $0.27 and $0.46.

Since then, management’s judgment of the value of their shares was proven correct when the share price jumped nearly six-fold from an average of $0.36 to $2.09.

Source: http://kfc1973-stock.blogspot.com/2011/10/yangzijiang-share-buybacks-have-begunam.html

Most probably can prevent it from further selldown temporarily.

Hunter2011 ( Date: 05-Oct-2011 14:41) Posted:

Could the share buyback work this time ??

AmFraser:

YZJ’s buyback mandate allows it to buy up to 10% of its shares outstanding. We expect the company to continue to repurchase its shares, as it has done so during the 2008 depths when it resolutely bought back a total of 228.2m shares or 6.25% of its shares between prices of $0.27 and $0.46.

Since then, management’s judgment of the value of their shares was proven correct when the share price jumped nearly six-fold from an average of $0.36 to $2.09.

Source: http://kfc1973-stock.blogspot.com/2011/10/yangzijiang-share-buybacks-have-begunam.html

Hong Kong market has closed for the Chung Yeung Festival (Double Ninth Festival) today. This festival is observed on the ninth day in the ninth month of the lunar calendar. This festival is in remembrance of a family who escaped a great disaster to his village during the Han Dynasty period on this inauspicious day. Those who celebrate this festival will be cautious and stay away from the market resulting in range bound price today.

susan66 ( Date: 05-Oct-2011 09:58) Posted:

Observe these 2 days hard to break 0.80, shorted 0.795. Still bearish to me.

On Tuesday, Yangzijiang re-test the support at $0.745 and closed at $0.77 with HIGH volume of 29.17 million shares traded.

A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend. There have been 8 falling windows in the last 50 candles–this makes the current falling window even more bearish. The two candles preceding the falling window were black, which makes this pattern even more bearish.

Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

RSI & MACD are bearish though RSI in oversold region.

Immediate Resistance of Yangzijiang: $0.96

Immediate Support of Yangzijiang: $0.745

Currently prices are well below 20/50/100/200 days MA.

Since April 2011, Yangzijiang has been ....................... READ MORE

Me too, then there's other like STXOSV oso chasing after YZJ px - YZJ direct competitor.

louis001 ( Date: 04-Oct-2011 21:47) Posted:

if history is repeating itself right before our eyes, than some people are waiting at around 0.40 range to strike...and 2-yr from now YZJ will go upwards to near $2 again?....HUAT HUAT AHHH....LOL...

krisluke ( Date: 04-Oct-2011 21:34) Posted:

YangziJiang: -4.9% at $0.780 taking its fall since August to 46%, a level where mgt has started buying back shares. Fri, the company bought 1m shares at $0.89 and Mon bought 2m shares at $0.84. AmFraser, which has a Buy rating and $1.60 fair value, says it expects YZJ to continue to purchase shares, as it did during the 2008 depths (bought 228.2m shares between $0.27-$0.46).

Add that history is repeating itself right before our eyes as jittery investors sell off the stock 18% in the last one wk. Expectations of Rmb4b of profits have not changed. YZJ as a business has certainly not lost 18% of its intrinsic value in the last week alone. Considers YZJ's 2011F P/B at 1.2X a steal given its ROE of 30%, while 2011F div yield of 7.8% looks likely to rise as YZJ continues to buy back shares.

Now recently starting from 0.89 (1m), now 0.84 (2m), Total now is 3million oni.

Last time bot over 228 million shr. This time, how much shr will they buying up?.

Still got some way to go...

teeth53 ( Date: 04-Oct-2011 21:46) Posted:

Hope. We can benefit from ur continous posting, hope to be info when YZJ boy back some or more then 200 million shr. Perhap can consider buying then...thk Qs.

krisluke ( Date: 04-Oct-2011 21:34) Posted:

YangziJiang: -4.9% at $0.780 taking its fall since August to 46%, a level where mgt has started buying back shares. Fri, the company bought 1m shares at $0.89 and Mon bought 2m shares at $0.84. AmFraser, which has a Buy rating and $1.60 fair value, says it expects YZJ to continue to purchase shares, as it did during the 2008 depths (bought 228.2m shares between $0.27-$0.46).

Add that history is repeating itself right before our eyes as jittery investors sell off the stock 18% in the last one wk. Expectations of Rmb4b of profits have not changed. YZJ as a business has certainly not lost 18% of its intrinsic value in the last week alone. Considers YZJ's 2011F P/B at 1.2X a steal given its ROE of 30%, while 2011F div yield of 7.8% looks likely to rise as YZJ continues to buy back shares.

if history is repeating itself right before our eyes, than some people are waiting at around 0.40 range to strike...and 2-yr from now YZJ will go upwards to near $2 again?....HUAT HUAT AHHH....LOL...

krisluke ( Date: 04-Oct-2011 21:34) Posted:

YangziJiang: -4.9% at $0.780 taking its fall since August to 46%, a level where mgt has started buying back shares. Fri, the company bought 1m shares at $0.89 and Mon bought 2m shares at $0.84. AmFraser, which has a Buy rating and $1.60 fair value, says it expects YZJ to continue to purchase shares, as it did during the 2008 depths (bought 228.2m shares between $0.27-$0.46).

Add that history is repeating itself right before our eyes as jittery investors sell off the stock 18% in the last one wk. Expectations of Rmb4b of profits have not changed. YZJ as a business has certainly not lost 18% of its intrinsic value in the last week alone. Considers YZJ's 2011F P/B at 1.2X a steal given its ROE of 30%, while 2011F div yield of 7.8% looks likely to rise as YZJ continues to buy back shares.

Hope. We can benefit from ur continous posting, hope to be info when YZJ boy back some or more then 200 million shr. Perhap can consider buying then...thk Qs.

krisluke ( Date: 04-Oct-2011 21:34) Posted:

YangziJiang: -4.9% at $0.780 taking its fall since August to 46%, a level where mgt has started buying back shares. Fri, the company bought 1m shares at $0.89 and Mon bought 2m shares at $0.84. AmFraser, which has a Buy rating and $1.60 fair value, says it expects YZJ to continue to purchase shares, as it did during the 2008 depths (bought 228.2m shares between $0.27-$0.46).

Add that history is repeating itself right before our eyes as jittery investors sell off the stock 18% in the last one wk. Expectations of Rmb4b of profits have not changed. YZJ as a business has certainly not lost 18% of its intrinsic value in the last week alone. Considers YZJ's 2011F P/B at 1.2X a steal given its ROE of 30%, while 2011F div yield of 7.8% looks likely to rise as YZJ continues to buy back shares.

October is an ominous month for stocks... Smiley

Hi wisebone, " Hope - Euro Crisis ends soon"

teeth53 thot: Ur hope need to extend to NOV, 2011 liao.

Deutsche Bank issued a profit warning on Tuesday, saying that it could no longer reach its full-year target amid market turbulence caused by the deepening debt crisis … More »Deutsche Bank issues profit warning

while in U.S. stk futures R falling sharply ahead of Federal Reserve Chairman Ben Bernanke's testimony b4 Congress on outlook for d U.S. economy.

THIS IS A BREAKING NEWS UPDATE (AP)

Greece's int'l debt inspectors had originally been expected to recommend last mth that the country receive euro8 bil ($11 bil) tranche of a euro110 billion bailout package. But the inspectors' review of Greek reforms was suspended for several weeks amid talk of missed targets.

Greece can wait until mid-Nov for bailout loans, previously said it would start running out of money in mid-October if it didn't get the bailout loans.

teeth53: Isit Greece's problem going to extend this debt into mth of Nov?.

Oct 3 (Mon), open gap down > 0.860 by -0.050 cents and closed @0.820 (Hi-86 - Lo-0.82, Vol-23,997,000) and

Today Oct 4 (Tues), see below on opening trade - gap down -0.025 cents and closed lower to 0.770 cents.

Yangzijiang

CPF

Op-0.795

Cls-0.770

-0.050

-6.1%

Vol-29,172,000

1,456,000

0.770

0.775

122,000

Hi-0.800

Lo-0.770

teeth53 ( Date: 30-Sep-2011 22:34) Posted:

Those bot hav real worry, can't sleep well. Trade within mean and affordable to withstand lost.

Sell and hav a good sleep, hav a nice weekend, keep the balance, whatever is left....:(
YZJ drop less then....is 0.040 or -4.3% to 0.890
STXOSV drop ever more... by 0.070, or -6.9% to 0.940

wishbone ( Date: 30-Sep-2011 13:37) Posted:

Scary Man!!! Will this counter go below 0.900.

Hope the Europe Crisis ends soon and let all the hard hit stocks to recover to its stable level.

Smiley

S$0.58

S$0.58

nIce chErry

Opening gap down again, not oni for today, is for this week trading.

Yangzijiang

CPF

Op-0.795

Last done-0.785

-0.035

-4.3%

Vol-5,760,000

724,000

0.780

0.785

476,000

Hi-0.795

Lo-0.775

wishbone ( Date: 04-Oct-2011 09:12) Posted:

Walau this counter drops like no bloody biz. Scary Sia!!!!

Free fall!!!!!

Where is the bottom??? Look like they are changing their core business instead of building ship now they now intend to build SUBMARINE.

Smiley

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Cruising with the ship ..Yangzijiang

Greece can wait until mid-Nov for bailout loans, previously said it would start running out of money in mid-October if it didn't get the bailout loans.