Latest Forum Topics /
YZJ Shipbldg SGD
Last:3.45
-0.02
|
 Post Reply
|
|
The Only Shipbuilding Blue Chip in SGX!
|
|||||
|
Panda8
Veteran |
03-Mar-2024 14:38
|
||||
|
x 1
x 0 Alert Admin |
from UOB KY For the 12 months ended Dec 2023, the China-based shipbuilder reported earnings of RMB4.1 billion, up 57% y-o-y. The company was able to improve its net margins by 4.4 percentage points to 22% and generated an ROE of 19.6%. The company has declared a dividend of 6.5 cents, up from 5 cents paid for FY2022. Yangzijiang' s management is guiding that it can maintain its margins into the current FY2024, where it is targeting some US$4.5 billion worth of new contracts, a significant jump from its historical guidance. More tellingly, it expects this level of new orders to run into FY2025. As of end of February, Yangzijiang has already won US$1.35 billion, or 30%, of its FY2024 target, bringing its total order book to US$14.5 billion. In his March 1 note, Adrian Loh of UOB Kay Hian has estimated an FY2024 orderbook win target of US$5 billion which is higher than the company&rsquo s own target of US$4.5 billion. He has raised earnings estimates for FY2024 by 16% and for FT2025 by 13% respectively, as he projected higher gross margins of 18% for both years, up from 16% and 15% respectively previously. Loh acknowledges that the gross margins for the shipbuilding business is at least 2-4ppt below the company&rsquo s guidance, but he prefers to " err on the side of caution for now and upgrade earnings at a later stage" . To reflect his higher earnings projections, Loh has raised his target price from $.192 to $2.19, which is pegged to a target PE multiple of 9.4x, which is 1.5sd above the company&rsquo s five-year average of 6.3x. Loh believes that this valuation premium is justified given the company&rsquo s earnings visibility into 2027 as well as its strong track record of safe and efficient shipbuilding for its international customer base.
|
||||
| Useful To Me Not Useful To Me | |||||
|
BinderyT
Elite |
03-Mar-2024 13:17
|
||||
|
x 0
x 0 Alert Admin |
My opinion - it has climbed too much too fast. Almost non-stop since mid Dec and way above bollinger bands and CCI. Wait for pull back to 160-165, I believe it will come.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Goodwill77
Supreme |
03-Mar-2024 09:01
|
||||
|
x 0
x 0 Alert Admin |
so a buy call?
|
||||
| Useful To Me Not Useful To Me | |||||
|
Winnertakeall
Elite |
03-Mar-2024 08:52
|
||||
|
x 0
x 0 Alert Admin |
Premium BROKER' S CALL The Edge Singapore - SAT 02 MAR 2024 UOB Kay Hian and DBS Group Reseach raise respective target prices for Yangzijiang Shipbuilding Anyone has access to this premium information |
||||
| Useful To Me Not Useful To Me | |||||
|
BinderyT
Elite |
02-Mar-2024 09:37
|
||||
|
x 1
x 0 Alert Admin |
It is a good company. They getting solid consistent orders, their processes are first class, best shipbuilder around. So good for capital growth. If only old Ren treats shareholders better ...
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
fuzzyshares
Veteran |
01-Mar-2024 17:46
|
||||
|
x 0
x 0 Alert Admin |
2/27, 1.65-1.71, closed 1.67, 14m, T-day
2/28, 1.68-1.75, closed 1.74, 39m 2/29, 1.73-1.78, closed 1.75 27m 3/1, 1.76-1.80, closed 1.79, 17m Mon 3/4, the last day to sell contra trades bought on T-day. Closed 52 week high.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Winnertakeall
Elite |
01-Mar-2024 17:18
|
||||
|
x 0
x 0 Alert Admin |
Yangzijiang Shipbuilding books $7.1 billion of newbuilds in 2023Yangzijiang Shipbuilding reports a record high profit RMB4.1bn in 2023, an increase of 57% year-on-year.
Revenue for the whole year rose 16.5% to RMB24.1 billion, and gross profit margin up to 22.4% in FY2023 from 15.4% in FY2022. Yangzijiang has an outstanding orderbook of $14.5 billion for 182 units of vessels as the end of 2023. A total of 97 newbuild orders totaling in $7.1 billion were secured in 2023, enabling Yangzijiang earnings visibility up until 2027. Yangzijiang Shipbuilding said that the global outlook for the shipbuilding segment remains upbeat as a result of ongoing climate-related regulatory push by various authorities. Maritime decarbonisation will remain the key growth driver for the industry in the mid-term. With the tightening of policies being more apparent now, ship operators are accelerating their vessel replacement plans to avoid potential financial impact from non-compliance, said CEO and executive chairman Ren Letian, With our technical capabilities, Yangzijiang Shipbuilding is well-positioned to ride on this upward trajectory and support the industry transition. |
||||
| Useful To Me Not Useful To Me | |||||
|
emailpeter
Veteran |
01-Mar-2024 17:12
|
||||
|
x 0
x 0 Alert Admin |
Yes. Hence why we (I assume you are still vestest largely) stuck to this counter more. Whatever was left out of divs, hopefully gets reflected into price. Big thks to MSCI, Mandated institutions, etc....
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
BinderyT
Elite |
01-Mar-2024 15:14
|
||||
|
x 0
x 0 Alert Admin |
aiya .... it' s the same every year. They will " invest" and pay you 2% per annum of this accumulated retained earnings (e.g. using a vehicle like FH). And the dumb morons in that forum still think they getting a good deal. | ||||
| Useful To Me Not Useful To Me | |||||
|
pkli899
Supreme |
01-Mar-2024 14:36
|
||||
|
x 0
x 0 Alert Admin |
That was my thought upon seeing the results report. Keep so much cash for what? Either deploy or give out! Must attend AGM to hear what they going to tell us. |
||||
| Useful To Me Not Useful To Me | |||||
|
emailpeter
Veteran |
01-Mar-2024 11:14
|
||||
|
x 0
x 0 Alert Admin |
Attached UOBKayHian Adrian Loh report. And excerpt relevant to us LT retail investors. &bull Is there such a thing as too much cash? As at end-23, YZJ had Rmb16.6b in cash (+54% yoy) and total borrowings of Rmb5.6b (+22% yoy) resulting in a net cash position of nearly Rmb11b, or over S$2b. After payout of its 2023 dividends amounting to around S$257m, this still leaves the company with over S$1.74b in cash, or S$0.44 per share in cash (ie 25% of current share price). Without any onerous spending on the horizon, we believe that the company could pay out more dividends. Cut paste link below. https://marketing.utrade.com.sg/e3t/Ctc/L1+113/d4GP3-04/VWqS0h2l7QlKN2XdcChyt9rgW2L--MX5b6bRKN5NMMmR3lYMRW95jsWP6lZ3n_N3MqSRr5Hyl3N3fYMZ8qzzCXW88NyH02qjzzgW4Td8Z78pfnVhW8_YLCg251HtQW9j4F-T4K-_qvW63_w4T2v1tTyW3LhKTH98Rnx9W8RyQhx6ZlV-0W3V4rNm69jn3jMtyyY3zMKCCVD5Lcv89MfZCW259jGV3ytqLNW3r-v1W7XFKbKVGBW-h1n4D3sW5Lr1qc57Sz4DW18KLSP2S-zlJW1Lzm3G8xM1G2W2Jhf0T7JMPG3W6kzTwk2wB3rPVXRlmB8RNfHmW2VrbvQ5W9RCfVHt1t81bZtHQVbN4BT8SKnyhW4qfF3x18YJyNW95YnrZ2CtpH5W65d0qL8-_XYmW4btc5L6C2ZBGW4NTMbB6Jg_BNW1ghfgH7lF-LZf58Hhj404 |
||||
| Useful To Me Not Useful To Me | |||||
|
fuzzyshares
Veteran |
01-Mar-2024 11:14
|
||||
|
x 0
x 0 Alert Admin |
Apart from the obvious, the '4-day' trading cycle affecting play seems stable without large trades. Now till next Tue 3/5, due date for contra trades bought on 2/28, shall see whether the stock can gain or loses traction. Detractors would sell and it could be costly. Then again anything goes. Shall see. | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
fuzzyshares
Veteran |
01-Mar-2024 09:01
|
||||
|
x 0
x 0 Alert Admin |
2/26, 1.66-1.70, closed 1.69, 7m, T-day
2/27, 1.65-1.71, closed 1.67, 14m 2/28, 1.68-1.75, closed 1.74, 39m 2/29, 1.73-1.78, closed 1.75 27m Today 3/1, first day of march and the last day to sell contra trades bought on T-day. March on. |
||||
| Useful To Me Not Useful To Me | |||||
|
emailpeter
Veteran |
29-Feb-2024 09:13
|
||||
|
x 0
x 0 Alert Admin |
Your predictions were tack sharp !! I covered their results, finally the BS is clean w lotsa cash. So I' m taking oppo to buy in more FH now. SB - never really had to digest too much, just monitor their orderbook, and sit back. Cheers Bindery
|
||||
| Useful To Me Not Useful To Me | |||||
|
BinderyT
Elite |
29-Feb-2024 08:39
|
||||
|
x 0
x 0 Alert Admin |
Results out - 2.2 cents. emailpeter - I don' t owe you $10 anymore :) |
||||
| Useful To Me Not Useful To Me | |||||
|
BinderyT
Elite |
28-Feb-2024 20:32
|
||||
|
x 0
x 0 Alert Admin |
kekeke ... yes, you won the bet :). FH? I think 2.2 cents
|
||||
| Useful To Me Not Useful To Me | |||||
|
fuzzyshares
Veteran |
28-Feb-2024 17:14
|
||||
|
x 0
x 0 Alert Admin |
2/23, 1.65-1.69, closed 1.66, 7m, T-day
2/26, 1.66-1.70, closed 1.69, 7m 2/27, 1.65-1.71, closed 1.67, 14m 2/28, 1.68-1.75, closed 1.74, 39m Thr 2/29, a leap day, also the last day to sell contra trades bought on T-day. A day of carnage for the top traded retail stocks, sigh. YZJSH was mostly restraint until past 2pm when the champagne cock finally popped and the celebration officially began. Contrasting fortunes but nonetheless gan bei! |
||||
| Useful To Me Not Useful To Me | |||||
|
emailpeter
Veteran |
28-Feb-2024 17:08
|
||||
|
x 0
x 0 Alert Admin |
Hahaha, don' t hv as much as you. Had to spread my SG shares evenly, banks and Reits. Cheers and thanks. You owe me $10.......hahaha. Let' s add it to FH wager, what' s your prediction ?
|
||||
| Useful To Me Not Useful To Me | |||||
|
BinderyT
Elite |
28-Feb-2024 16:35
|
||||
|
x 0
x 0 Alert Admin |
Capital gain is for your children to enjoy. Dividend is for us to enjoy.
|
||||
| Useful To Me Not Useful To Me | |||||
|
huattuatua
Elite |
28-Feb-2024 16:34
|
||||
|
x 0
x 0 Alert Admin |
yeah pls:))))))
|
||||
| Useful To Me Not Useful To Me | |||||