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I have put in 3 consideration factors that causes yangzijiang (my long time babe) a 1 cent fall today.
1) korea tension
2) soaring high price
3) bdi at its lowest, thus affecting price rate
4) container ship repair price lower due to competitive competition from growing container fleet.
TA wise, looks at 200sma. yzj was in super bull run since 2009 and NEVER violate the 200sma trendline before.
If able to digest the above news, perhaps can consider to buy on such dips... EP, I don't know liao :))
soaring oil price affecting shipbuilder, transport and consumer :))
CheongCK ( Date: 28-Feb-2011 17:10) Posted:
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Yangzijiang 28 Feb 2011 close 1.79
Sold down 18 million shares at closing. Any idea why?
What is this???
17:05:04 1.790 18,410 B
18,410 lots???
last time use to see invert " t" usually goes up. not very sure for now. but i believe it going up soon. BDI down becos of more new ships launch in the past year, thus might affecting the price rate...
Looks to me this is a Controlled Stock
Looks YZJ BB tried to keep YZJ stock below Cosco.
Cosco is YZJ big client.
When Cosco drop .. BB short YZJ in follow now looks like BB try to keep YZJ below Cosco by 20cts
Play by the music and make money
heavenade ( Date: 25-Feb-2011 10:52) Posted:
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u too :)
cheers!
crystal1818 ( Date: 25-Feb-2011 11:04) Posted:
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Thanks.
Have a good weekend. :)
heavenade ( Date: 25-Feb-2011 10:52) Posted:
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support @ 1.75
crystal1818 ( Date: 25-Feb-2011 10:48) Posted:
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Why YZJ dropped so much despite the good Q4 result?
What's the support for YZJ? It's currently below MA 100 days. Will it goes below MA 200 days?
entered 20lots@1.76
testing support
A bit strange because NOL re-bounce. Both Shipping industry.
Hi,
will the rising oil prices affect the performance of YZJ? I'm thinking of entering but quite concerned on the rising oil prices too...
*DJ Yangzijiang Target Raised To S$2.11 Vs S$1.43 By MS
24 Feb 2011 12:29
Credit Suisse recommends BUY with Target Price of $2.40
● Yangzijiang delivered a solid set of 4Q10 results. FY10 gross
profit of Rmb2.9 bn was ahead of our forecasts of Rmb2.7 bn as
gross margins remained high at 20.9% in 4Q10. FY10 net profit of
Rmb2.96 bn was 5% above our forecasts of Rmb2.81 bn.
● In our report Growth potential unlocked with capacity increases
dated 10 Jan 2011, we noted that Yangzijiang is expected to
double its production capacity by 2014E with the acquisition of a
yard and two land pieces. This will enable it to take in orders of
US$2-3 bn in 2011, above market expectations of US$1.5 bn.
● During the analyst briefing, management confirmed that it is in
discussions with Seaspan for a potential contract for ten 10,000
TEU containerships worth about US$950 mn. We believe
Yangzijiang is the best positioned among Chinese yards to benefit
from a recovery in the containership market, and its ability to
secure a large order will be a rerating catalyst for the stock.
● We maintain our OUTPERFORM rating and target price at
S$2.40. Yangzijiang is one of the cheapest shipbuilding stocks
globally with a 2011E P/E of 10.8x.
Good Luck
in terms of rev & profit, yangzijiang seemed to have overtaken cosco!
way to go bro!
YangZiJiang: Announce another yr of record rev and earnings for FY10, which exceeded average estimate consensus. 4Q10 Rev at Rmb4.9b, +19%YoY and +32.6%QoQ, while Net Profit at Rmb838.1m, +30%YoY and +14%QoQ. Result brings FY10 Rev to Rmb12.9b, +22%YoY and Net Profit at Rmb2.96b, +29%YoY….
Strong rev attributed to Grps deliverery of 48 vessels in FY10 vs 40 vessels in FY09), while grp’s Changbo yard (that was acquired last yr) delivered 2 vessels in 4Q10. Gross margins improved further from 21% in FY09 vs 22.5% in FY10 on increased efficiency in new yard and as yard continues to deliver bigger and higher margin vessels in FY10…..
Operating expenses for Grp remained stable at about 2% of the rev for FY10, while higher other income increased 143% in FY10 to Rmb876.2m, which was consistent with increase in investments in financial assets held-to-maturity during the yr….
We note that Grp has entered into 50 new shipbuilding contracts worth USD1.38b, bringing Grp’s order book at 131 vessels with value of USD5.31b as at 31Dec10 and contract winning momentum has continued into 2011, with Grp securing shipbuilding contracts worth USD147.4m for two 4,800 TEU container vessels and two 10,000 DWT bulk carriers, scheduled for delivery in 2012 and 2013 respectively…..
Grp’s remains confident of prospects and has guidance that its niche of building container vessels is starting to show positive signs and is working closely with interested customers to secure more container vessel orders, while grp’s Changbo yard is on track to reach its annual production capacity of 400,000 DWT by 2013….
At current levels, balance sheet remains strong, with grp having a Net Cash position, suggesting further appetite for expansion and acquisitions, while valuation appears compelling, with grp trading at 12.2x PE, vs peers average of 15x, with a Net Cash Position of 89c/share.
Strong rev attributed to Grps deliverery of 48 vessels in FY10 vs 40 vessels in FY09), while grp’s Changbo yard (that was acquired last yr) delivered 2 vessels in 4Q10. Gross margins improved further from 21% in FY09 vs 22.5% in FY10 on increased efficiency in new yard and as yard continues to deliver bigger and higher margin vessels in FY10…..
Operating expenses for Grp remained stable at about 2% of the rev for FY10, while higher other income increased 143% in FY10 to Rmb876.2m, which was consistent with increase in investments in financial assets held-to-maturity during the yr….
We note that Grp has entered into 50 new shipbuilding contracts worth USD1.38b, bringing Grp’s order book at 131 vessels with value of USD5.31b as at 31Dec10 and contract winning momentum has continued into 2011, with Grp securing shipbuilding contracts worth USD147.4m for two 4,800 TEU container vessels and two 10,000 DWT bulk carriers, scheduled for delivery in 2012 and 2013 respectively…..
Grp’s remains confident of prospects and has guidance that its niche of building container vessels is starting to show positive signs and is working closely with interested customers to secure more container vessel orders, while grp’s Changbo yard is on track to reach its annual production capacity of 400,000 DWT by 2013….
At current levels, balance sheet remains strong, with grp having a Net Cash position, suggesting further appetite for expansion and acquisitions, while valuation appears compelling, with grp trading at 12.2x PE, vs peers average of 15x, with a Net Cash Position of 89c/share.
yup...must keep long
cheongsl ( Date: 22-Feb-2011 07:36) Posted:
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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_D77A089A26AB24FE4825783E0060F3F4/$file/Pressrelease.pdf?openelement
cheongsl ( Date: 22-Feb-2011 07:36) Posted:
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