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ss2017. Supreme	24-Nov-2023 10:31        ss2017. About Contact  Quote this Post!
x 0   x 0  Alert Admin	3.5c dpu ÷ 32.5c current price is above 10%. I am happy with dpu 3c is about 9%. pkli899      ( Date: 24-Nov-2023 10:03) Posted: Release of 3rd qtr business update last night was a surprise to me. I would prefer a more detail update. Nevertheless, I' m happy to see things are falling into place. What they promised are beginning to take shape. Without any uncontrollable external adversity, we should see results of their effort soon. Perhaps as soon as 2024. Having said, I think need to bring down the expectation of 3.5c DPU by a bit....hahaha.
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112233 Master	24-Nov-2023 10:26        112233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	can start SBB. 👍
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pkli899 Supreme	24-Nov-2023 10:03        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Release of 3rd qtr business update last night was a surprise to me. I would prefer a more detail update. Nevertheless, I' m happy to see things are falling into place. What they promised are beginning to take shape. Without any uncontrollable external adversity, we should see results of their effort soon. Perhaps as soon as 2024. Having said, I think need to bring down the expectation of 3.5c DPU by a bit....hahaha.
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pasttime Supreme	24-Nov-2023 08:35        pasttime About Contact  Quote this Post!   Yells: "gold silver are real money. not others iou."
x 1   x 0  Alert Admin	very good to see update. at least show no major problem due to ceo stepping down. equities has reduced from 610m to 497.6m. a drop of 112.4m. in percentage more then the listed market has gone down in the period, think they have kitchen sink lots of those unlisted investment. cash in singapore gone above $1b. value of $1b is more then $2b compare to few years back now that things are cheaper.  opportunities will be knocking at their doors. just hope they be very wise and not invest easily . support those who can support back will be see good things happen in time.
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Amateurinvestor Veteran	24-Nov-2023 08:17        Amateurinvestor About Contact  Quote this Post!
x 0   x 0  Alert Admin	Very likely a no show again
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Chansenghoe1971 Elite	24-Nov-2023 08:06        Chansenghoe1971 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let s see how the market react sgng123      ( Date: 24-Nov-2023 00:39) Posted: Look below npl ratio increased cos total DI decreased from 2.4b to 2b. Basically no increase in NPL in 3q, now toward year end china gov providing strong support guess 4q0 most likely no NPL increased. The full year result most likely would either show NPL flat or decreased as some loan had been reclassified out of NPL. But again DI investment would be stuck long time at 50% of total asset approx 2b. Those DI give 240mil net profit adjusted to new 50% 2b DI. 2023 dividend most likely 0.03-0.035 depend on provision write back and PE yield. Well at least after this year yzjfh cash generating model would be established as all Debt investment swap or roll over into longer dated debt. Now just need market to adjust fair value for stock to give all investors peace of mind. Enjoy ur fat fat dividend for year of dragon 2024. Chansenghoe1971      ( Date: 23-Nov-2023 21:43) Posted: Set of bad news and I think this is prelude to more trouble. NPL YTD Q3 is more than whole of 2022.
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SAVIORFOREVER Supreme	24-Nov-2023 07:07        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 4  Alert Admin	Stabilising. Good sign. Trade with awareness and DYODD Chansenghoe1971      ( Date: 23-Nov-2023 21:43) Posted: Set of bad news and I think this is prelude to more trouble. NPL YTD Q3 is more than whole of 2022.
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Observers Elite	24-Nov-2023 06:16        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	wow, i think this ability to shift huge amounts of money in and out of china legally is itself worth a lot of money, seeing that even retail remittance also having big problems with their monies transfers being frozen by Chinese regulators. sgng123      ( Date: 24-Nov-2023 05:11) Posted: By the way free cash in sg had increased from 574m to 1.08b, yzjfh completed it short term of shifting 1b cash to sg by year end in 3q. Maybe yzjfh planning another maritime fund soon. Maritime fund give very high return 17%. DI in china also very close to completion 50%, currehtly at 52%. Let pray everything stay course and no bad news coming from china till next march. Was quite surprised at the speed they transfer money to sg in 3q. Once yzjfh completed it asset relocation and reinvestment, stock price should recover.
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sgng123 Supreme	24-Nov-2023 05:11        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	By the way free cash in sg had increased from 574m to 1.08b, yzjfh completed it short term of shifting 1b cash to sg by year end in 3q. Maybe yzjfh planning another maritime fund soon. Maritime fund give very high return 17%. DI in china also very close to completion 50%, currehtly at 52%. Let pray everything stay course and no bad news coming from china till next march. Was quite surprised at the speed they transfer money to sg in 3q. Once yzjfh completed it asset relocation and reinvestment, stock price should recover.
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sgng123 Supreme	24-Nov-2023 04:23        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	880m debt had  been redeem in 3q while 550m reinvest back into DI. thisshown that majority of DI still recoverable it is just yzjfh used a strict  definition of NPL. The older batch of DI due to matured this year mostly redeem or classify into NPL and inprocess of recovering. 4Q most likely nothing much, anyway good thing to know NPL remain same while debt recovering in progress. Cannot pay back then collateral would be auction off or debt renegoite with hgher value collateral thrown in. Hope 3Q business update calm down market fear and yzjfh begin it share price recovering phrase. Private equity investment also reduced from 15% to 12,5% while free cash increased by 50% to 1.25B it really ridiculous to see stock price still stuck in this range as free cash per share > stock price. Debt investment would be stuck at 2B, generating 250m cash annually appro 12% return.
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volvo125 Master	24-Nov-2023 01:58        volvo125 About Contact  Quote this Post!
x 1   x 0  Alert Admin	This $2100m DI has ~40% NPL, which some or may be most, may have interest income impact. So the top line DI income at ~12% rate will likely need to conservatively take a 40% discount, at $151m, or ~$120m after tax. Including the Cash/YP (asume ~4% pa) and FM/MF/P& PE (12%~18%, assume average 12% conservative) returns, the conservatively estimated NPAT at the current AUM $4b  is likely ~$230m (without further NPL provision, negative significant FVTPL ...).  So FY24 DPS will likely ~$0.026, which will also likely translate to a market price of ~$0.52.  FY23 NPAT will likely be higher due to the higher 1H23 $162m. I would estimate FY23 NPAT at ~$280m based on the lower DI contribution plus the NPL interest income impact. DPS likely $0.31. We will have a clearer idea on the extent of interest income impact on such NPL DI when the 2H23 is released next Mar. Going forward, YFH NPAT will increase significantly when  1) the much lower yield SG Cash/YP can progressively be deployed to the much higher return MF/FOF/P& PE, 2) the NPL is progressively sorted out and replaced with performing DI,  3) the YOY 60% retained earning plouge back for reinvestment. sgng123      ( Date: 24-Nov-2023 00:39) Posted: Look below npl ratio increased cos total DI decreased from 2.4b to 2b. Basically no increase in NPL in 3q, now toward year end china gov providing strong support guess 4q0 most likely no NPL increased. The full year result most likely would either show NPL flat or decreased as some loan had been reclassified out of NPL. But again DI investment would be stuck long time at 50% of total asset approx 2b. Those DI give 240mil net profit adjusted to new 50% 2b DI. 2023 dividend most likely 0.03-0.035 depend on provision write back and PE yield. Well at least after this year yzjfh cash generating model would be established as all Debt investment swap or roll over into longer dated debt. Now just need market to adjust fair value for stock to give all investors peace of mind. Enjoy ur fat fat dividend for year of dragon 2024. Chansenghoe1971      ( Date: 23-Nov-2023 21:43) Posted: Set of bad news and I think this is prelude to more trouble. NPL YTD Q3 is more than whole of 2022.
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sgng123 Supreme	24-Nov-2023 00:43        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	3q business update out by the way.
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sgng123 Supreme	24-Nov-2023 00:41        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Some free cash might be diverted to sg too . Segarvale      ( Date: 23-Nov-2023 23:22) Posted: --- Post Removed by User ---
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sgng123 Supreme	24-Nov-2023 00:39        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Look below npl ratio increased cos total DI decreased from 2.4b to 2b. Basically no increase in NPL in 3q, now toward year end china gov providing strong support guess 4q0 most likely no NPL increased. The full year result most likely would either show NPL flat or decreased as some loan had been reclassified out of NPL. But again DI investment would be stuck long time at 50% of total asset approx 2b. Those DI give 240mil net profit adjusted to new 50% 2b DI. 2023 dividend most likely 0.03-0.035 depend on provision write back and PE yield. Well at least after this year yzjfh cash generating model would be established as all Debt investment swap or roll over into longer dated debt. Now just need market to adjust fair value for stock to give all investors peace of mind. Enjoy ur fat fat dividend for year of dragon 2024. Chansenghoe1971      ( Date: 23-Nov-2023 21:43) Posted: Set of bad news and I think this is prelude to more trouble. NPL YTD Q3 is more than whole of 2022.
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HVRRVH Elite	24-Nov-2023 00:05        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes sgd 55m increase over 3 months despite realising about 13m losses from the NPL provision with no new provision for NPL. ss2017.      ( Date: 23-Nov-2023 23:38) Posted: Look at total assets increased as compare 3 months ago. Also the company commitment for dividend more than 40% of profit, enough liao.
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HVRRVH Elite	23-Nov-2023 23:54        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	There is no new provision for NPL and out of the existing NPL, there was a 5.7% recognised losses. There was no actual realised losses for FY2022 even though in that year, a new provision of NPL amounting to 127m was added. This is to expected as the economy environment remaining challenging. When a company provided fund for impairment losses, usually all will be realised but YZJF has reiterated many times that they are being conservative. In plain language, the provision for NPL is more than likely to be written back as profit in the future. Indeed, they have already written back some profits. In addition, the utilisation rate of NPL provision is low so far and in some years, didn?t even utilise any provision. With improving economy, the trend of low utilisation rate of NPL should continue.
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ss2017. Supreme	23-Nov-2023 23:38        ss2017. About Contact  Quote this Post!
x 0   x 0  Alert Admin	Look at total assets increased as compare 3 months ago. Also the company commitment for dividend more than 40% of profit, enough liao.
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stonkmaster Veteran	23-Nov-2023 23:17        stonkmaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	What happen? Chansenghoe1971      ( Date: 23-Nov-2023 21:43) Posted: Set of bad news and I think this is prelude to more trouble. NPL YTD Q3 is more than whole of 2022.
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TingHai88 Member	23-Nov-2023 22:42        TingHai88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The one that buy 1.6M share today GG liao
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Chansenghoe1971 Elite	23-Nov-2023 21:43        Chansenghoe1971 About Contact  Quote this Post!
x 0   x 1  Alert Admin	Set of bad news and I think this is prelude to more trouble. NPL YTD Q3 is more than whole of 2022.
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