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All this while I trade US markets and long SGX market but getting old and find it hard to stay up till late at night. Even sleep in the day don' t really ' recover' from the tireness. So recently started trading a bit of SGX stocks.
MrBear12 ( Date: 10-Apr-2025 09:29) Posted:
Never knew you were an opportunistic range trader.
HVRRVH ( Date: 10-Apr-2025 09:25) Posted:
| Sold @ $0.53! 2nd quick trade with SingPost with profits thanks SingPost. |
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Lock in some profits @ $0.69. Average holding cost down quite a fair bit using FIFO.
HVRRVH ( Date: 09-Apr-2025 18:36) Posted:
| No SBB, no TS sale (likely due to 85% limit breached), no scrip dividend (likely due to time constraints). All thanks to Trump. As an objective appraisal of the situations , I intend to lock in some profits tomorrow. Probably 15-20% of holding with aim to buy back later. Let?s be honest, headwind is strong and no sign of abating. |
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Sold @ $0.53! 2nd quick trade with SingPost with profits thanks SingPost.
HVRRVH ( Date: 09-Apr-2025 15:19) Posted:
Double down at $0.49. Really have to wait till special dividend liao.
HVRRVH ( Date: 07-Apr-2025 09:17) Posted:
| First tariffs shopping and bought back at $0.525. May need to hold until Aussie money is in. |
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No SBB, no TS sale (likely due to 85% limit breached), no scrip dividend (likely due to time constraints). All thanks to Trump. As an objective appraisal of the situations , I intend to lock in some profits tomorrow. Probably 15-20% of holding with aim to buy back later. Let?s be honest, headwind is strong and no sign of abating.
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Double down at $0.49. Really have to wait till special dividend liao.
HVRRVH ( Date: 07-Apr-2025 09:17) Posted:
| First tariffs shopping and bought back at $0.525. May need to hold until Aussie money is in. |
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Trump' s tariffs definitely have negative impacts on world economy. For as long as the uncertainty looms, I do not expect YZJF' s share price to resume uptrend. The insane Trump has no regard for his own people, specifically, the lower income Americans. No amount of tariffs are going to hurt Trump and his peers, who are all super rich but average Americans are going to suffer from price inflations on every items. The trades between the world and US will decline and once Trump realises that US domestic produces are not enough for domestic consumptions, he may then slash the tariffs to encourage imports. As far as YZJF is concerned, without the tariffs turmoil, the focus on maritime business and services would definitely propel the share price nearer to its NAV over time. However, due to the expected reduced world trades because of the tariffs, unless existing fleet of ships need to be replaced either due end of lifespan or need to be replaced by ' green' ships, the world maritime businesses will slow down since most of the goods for trading are ferry by ships. And this would affect the maritime sector and unfortunately, YZJF will be affected as well. Make no mistake, China can survive this trade war, its share of export to US amounting to about 14.8% of its total export. In other words, about 85% of China' s export are to the rest of the world. Of course it is still unimaginble if 15% of a country total' s export is wipe out but China can survive and that' s why they are not taking Trump' s hard ball lying down. For YZJF' s long holders, it is back to collect dividend while waiting for the next catalyst. Only this time it is better since YZJF' s share price is much higher if it can hold on.
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With regard to scrip dividend, I am wondering whether the company has enough time to implement it for FY24. They already announced XD date is 24/4/25 and payment date is 15/5/25. In their scrip accouncement, they mentioned that, I paraphrase, any implementation has to be confirmed no longer than 1 market day to the dividend record date, which is 25/4/25. In this case, even if they announced the scrip price straightaway, they only have about 3 weeks to send note of election to all eligible shareholders, to collect back the election form, to tabulate and to issue new shares. Timing seems a bit rush, for context, Boustead announced scrip price on 13.8.24, and allow shareholders from 22.8.24 to 9.9.24 to choose dividend or scrip, and only paid the dividend and issue new shares on 27.9.24.
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In his interview with The Edge, touching on the Cash Mangement business, old Ren said he is open to working with suitable partners to pool assets together with an eye for spin off. I think the sale of treasury shares as well as the planned scrip dividend could be in preparation to the spin off too. Old Ren wants to increase the market capitalisation before spinning off apparently. So despite huge cash in hands, it seems that old Ren already have the intention to increase capital long ago. However, now the market sentiment is bad due to the trade war so perhaps spin off has to be put off for the time being. Anyway, since the TS is sold off at $0.72, I agree with you and do hope that the company can initiate SBB again at current price. YZJF can lock in 4.8m profits by buying back all 193m TS at $0.695 lol.
volvo125 ( Date: 02-Apr-2025 11:48) Posted:
For the benefits of all the Long holders, I have sent the following mail to IR YFH. Let hear what the mgt will say during AGM.
-----xxxx----
Date: Mon, 31 Mar 2025, 3:32 am
Subject: Question For AGM 15 Apr
To: YZJFH < YZJFH@financialpr.com.sg>
Hi IR of YFH,
I hold shares in YFH under the custodian FSMone (screenshot attached)
I refer to the 2 SGX announcements made on Script Dividend on 28 Mar and the Sales of Treasury Shares on 30 Mar.
I have the follow question for YFH management :-
With the 193.5m treasury shares being placed out, and the proposed script dividend mandate if passed, would mean YFH is going to issue new shares up to 153m to pay for the FY24 0.0345 dividend (say issue at a hypothetical price of 0.795 for example), assuming a 100% opt in rate.
If YFH were to stop SBB going forward due to the much higher share price now and also to conserve the cash for MF investments, then YFH shares O/S is expecting to increase very significantly from the current 3480m to =(3480+194+153) = 3827m for FY25.
With a new much higher shares O/S in FY25, YFH will need to achieve a much higher FY25 NPAT at $333m in order to at least just maintain it' s FY24 EPS of 0.087 and DPS 0.0345.
This is a significant 9.5% or $29m increase of NPAT from $304 to $333, else shareholders will see a lower EPS and DPS in FY25.
The total new equity injected is $139m + $121m = $260m. The increase in NPAT to at least match FY24 performance and payout is = (330m - 304m) = $29m. This implies that YFH must achieve a net ROE on this new capital = 29/260 = 11.15% (or a pre-tax return of ~14.1%, assuming average tax rate 21%).
YFH overall net FY24 ROE is just = (304m/4222m) = 7.2% (this is a net overall average ROE including those much lower returns from Cash Mgt and Yield Products ...). So unless YFH already has in mind high returns projects that can beat a net ROE 11.15% for this new $260m capital injection, I can really see a challenge here for YFH to even at least maintain its FY24 EPS and DPS in FY25, especially when there is still a $75m Govt grants+Forex gains in FY24 that is not going to recur in FY25.
YFH has a very huge $1813m in Cash Management not being productively deployed to higher returns investments as at end 2024 (Page 9 FY24 PowerPoint) and earning probably just 4~5% pa return. With so much idle cash on hand, why is YFH still raising even more cash from these new $260m equity injection that requires a high net ROE return of at least 11.15% ?
I look forward to receiving some enlightening answers from YFH management during the AGM.
Thank you.
--------xxxxxx------
Your questions have been well received. The management will address them during the AGM.
Thank you.
Best Regards,
Vicki Zhou (Zhou Yan)
Consultant (Singapore)
zhouyan@financialpr.com.sg
Logo
Sino-Lion Communications Pte Ltd
9 Raffles Place, #29-03, Republic Plaza
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First tariffs shopping and bought back at $0.525. May need to hold until Aussie money is in.
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Lol just to feel the pulse of the market lah. Less than 10k shares [Just to make it worth the commission] bought. Near closing also buy a few times at 100 each time and sellers include DBVS, JPMorgan, Goldman and ABN. Overall holding cost is still acceptable to me.
vicloo ( Date: 03-Apr-2025 17:21) Posted:
Kodus for adding at 78.5c 💪 💪 , testament of your confident in YZJFH.
HVRRVH ( Date: 03-Apr-2025 15:50) Posted:
| I am watching to see how would market react to YZJF in term of share price following the implementation of US tariffs. Apparently not much, and despite shortists best efforts following the news of treasury shares placement at $0.72 by driving down the price to $0.715, YZJF' s share price recovered half by the end of the day and recovered fully by the next day. Today it inch up by $0.005 no less so far, even with the offical rolling out of US reciprocal tariffs. Even the longists must be wondering why the stock performance is so strong? A shout out to @volvo125 for his valid points too but YZJF continue to perform strongly. Even the weakening of US bond yields cannot be account for such strong share price performance by YZJF. Therefore, it make me think that it has to do with YZJF' s fundamentals, notably, the maritime fund / service. Old Ren sees the demand in green ships and is banking big on this and the insiders have put their money on the line too by buying up the TS and they may be buying more too in open market. How else to explain the quick recovery from the sell down and holding the price so strongly in current violatile market? Let' s look forward to AGM for the managment to shed more light. Due to the aforesaid, I just added a bit too at $0.785. CP OCBC which sold a block of about 200k plus shares. |
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It is worse than expected. Market factored it in till last night US market, which actually closed up but once the details are announced, it was worse than market expected that' s why futures all tanked and later regular US markets will tank too.
pasttime ( Date: 03-Apr-2025 16:52) Posted:
trump tax although happen this morning. the event was well known . those want to sell already sold.
trump has to do it to increase revenue and retrenchment to reduce cost. so that us gov no go bankrupt so fast. after initial selling. the big boys will start talking recession and therefore qe? |
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Trump tariffs gonna crash US markets tonight. While I am optimistic about YZJF, I did not go ' all in' , buying just to feel the pulse of the market. Eyeing some other stocks too today but the price did not correct much despite the tariffs, need to keep an eye on them for better prices.
pkli899 ( Date: 03-Apr-2025 16:01) Posted:
The 2 supposedly super storm (sales of TS & Trump tariffs) were over in double quick time - 2 days to be exact.
Seems like sunny days are back - resumption of up trend. |
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I am watching to see how would market react to YZJF in term of share price following the implementation of US tariffs. Apparently not much, and despite shortists best efforts following the news of treasury shares placement at $0.72 by driving down the price to $0.715, YZJF' s share price recovered half by the end of the day and recovered fully by the next day. Today it inch up by $0.005 no less so far, even with the offical rolling out of US reciprocal tariffs. Even the longists must be wondering why the stock performance is so strong? A shout out to @volvo125 for his valid points too but YZJF continue to perform strongly. Even the weakening of US bond yields cannot be account for such strong share price performance by YZJF. Therefore, it make me think that it has to do with YZJF' s fundamentals, notably, the maritime fund / service. Old Ren sees the demand in green ships and is banking big on this and the insiders have put their money on the line too by buying up the TS and they may be buying more too in open market. How else to explain the quick recovery from the sell down and holding the price so strongly in current violatile market? Let' s look forward to AGM for the managment to shed more light. Due to the aforesaid, I just added a bit too at $0.785. CP OCBC which sold a block of about 200k plus shares.
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I may regret this but I have taken profit and entered Geo Energy Res. I still think SingPost can hit at least $0.65 but other than Aussie asset sale, we do not know the managment' s plan going forward. The timeline is also a bit stretchy for me since this is a trading counter and not my core hold position. Anyway, all the best to all who are still vested.
wehuattogether88 ( Date: 01-Apr-2025 15:13) Posted:
I agreed with you, the coming 5 cents to 8 cents dividends is really a magnet for shareholders and investors
HVRRVH ( Date: 01-Apr-2025 15:04) Posted:
| Some movements driving price as low as $0.595, perhaps with intend to shake some holders off. Should see $0.65 at least just before special dividend is announced sometime in June. |
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Entered @ $0.325.
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Do not be unduly worried over today' s sell down. With TS sale price at $0.72, it is kind of expected as market trying to bridge the gap betwen market price and the sale price, the scenario has not been averted since bulls decided that there is no ground to push the price further up at this point. But that doesn' t mean bulls have abandoned YZJF, especially on 28.3.25 there was a total of about 97m share traded at $0.79 and above. Granted that of the 97m, maybe some were right hand to left hand kind of trade but nevertheless, a substantial amount of shares changed hands at $0.79 and above. I don' t think these buyers want to realise the substantial losses in just over 1 market day. Do they buy further when prices were at $0.715 to $0.765 now? Who know but there were buying from $0.715 all the way back to current $0.76 / $0.765, that' s the fact. Let' s see how' s the market closed to day and how' s it moves over the next few days. It is super ok if it stay within today' s range.
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You could be right that the price would get supported at $0.77 or above so that if the scip price is offered at $0.72, the discount still read a respectable 6.5%. I don' t mind lower price as I am in for the long haul. Perhaps some shareholders cannot bear to see price correction but it is not every day that the market offer us cheaper price, especially if the company is clearly embark on hugh growth. Personally I am ok if the price corrected and thus offer the opportunity of cheaper scrip for accumulation of shares. Do not lose hope or be shaken when seeing the price seeminly dropping without control and get panic. Some other stocks also experience the same course such as Boustead.
wehuattogether88 ( Date: 01-Apr-2025 15:01) Posted:
Probably the scrip price of YZJF might be slightly higher than or equal to S$0.72 to attract shareholders to subscibe. The current share price might move at between 0.77 to 0.80.
Just my thoughts.
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$1.11 now which coud be today' s closing price.
HVRRVH ( Date: 01-Apr-2025 14:54) Posted:
New 52-week high at $1.1 with heavier volume. Good sign. Let' s see if the trend can continue till results release date.
HVRRVH ( Date: 13-Mar-2025 13:16) Posted:
| New 52-week high. More to come, FF Wong never fail to deliver. |
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Some movements driving price as low as $0.595, perhaps with intend to shake some holders off. Should see $0.65 at least just before special dividend is announced sometime in June.
HVRRVH ( Date: 28-Mar-2025 18:08) Posted:
Entered @ $0.56 on 17.3.25 just to trade the sale of Aussie assets. With the deal completed and SingPost stated that of the sale proceed of $664.2 m, they will use $307.8 m to pay off the debt taken for the same Auusie assets. That left $356.4 m but it is likely that they will use part of it to pay off other debts as well. How much is anyone guess and they have $903.4 m debts as per FY2023 report including the $307.8 m. So net off it will have $903.4 - $307.8 = $596 m debt vs $356.4 m left over from the sale of Auusie assets. It look healthy since it still has other valuable non core asset namely SingPost Centre that value waiting to be unlocked. Anyway, $356.4 m is about $0.158 per share so presuming they use half to further reduce the outstanding $596m debt, shareholders still can look forward to at least 5 to 7 cents special dividend. As SingPost remaining businesses doesn' t to be doing quite well, it look like they really have to sell SingPost Centre, which it carries in its book at $532.6 m as of FY2023 AR. Now, this is key, the latest market value of SingPost could be worth $1.25 - $1.6b based on nearby property' s value, in particular, the sale of Paya Lebar Green in Nov 2022 for $1.068b or $2,950 psf. SingPost is about 500,000 sf so it is worth about $1.475b but how SingPost may not want to sell if not what else is left?
Owing to the aforesaid, I was tempted to sell today for quick profit but on 2nd though, perhaps I can wait and see so that' s that.
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New 52-week high at $1.1 with heavier volume. Good sign. Let' s see if the trend can continue till results release date.
HVRRVH ( Date: 13-Mar-2025 13:16) Posted:
| New 52-week high. More to come, FF Wong never fail to deliver. |
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