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Latest Forum Topics / YZJ Fin Hldg    Last:0.225 --  Post Reply
YZJFH - potentially rewarding

sgng123
Supreme
27-Feb-2025 16:30     
 
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 Alert Admin 		As long the selloff due to US port tariff die down, yzjfh would contnue it uptrend as it got potential to deliver higher dividend this year.
i gona bet china gov would come up with stronger stimulus to push back against trump tariff in march.
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pursuer76
Veteran
27-Feb-2025 13:22     
 
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 Alert Admin 		I think BBs are slowly offloading while retail investors are buying up. So, when something happens, they can get out very fast. The volume is telling it' s own story.
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stonkmaster
Veteran
27-Feb-2025 12:43     
 
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 Alert Admin 		Drop then drop. I?m here for the dividend and long term.

sgng123      ( Date: 27-Feb-2025 12:11) Posted:

Difficult lloh as market seem to tie fortune of both companies together. At bro in forum know why yzjfh go down today despite good result, it being pulled down by yzj shipping
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vicloo
Supreme
27-Feb-2025 12:29     
 
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 Alert Admin 		Last year after results, SB was soaring for months while FH was down and stagnant. Hope this time is reversed.

sgng123      ( Date: 27-Feb-2025 12:11) Posted:

Difficult lloh as market seem to tie fortune of both companies together. At bro in forum know why yzjfh go down today despite good result, it being pulled down by yzj shipping
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sgng123
Supreme
27-Feb-2025 12:11     
 
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 Alert Admin 		Difficult lloh as market seem to tie fortune of both companies together. At bro in forum know why yzjfh go down today despite good result, it being pulled down by yzj shipping
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Winnertakeall
Elite
27-Feb-2025 11:26     
 
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 Alert Admin 		Those with YZJSB news to update at YZJSB forum instead.
This forum for YZJFH news only. Thank you. 
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vicloo
Supreme
27-Feb-2025 11:17     
 
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 Alert Admin 		09:46 PM EST, 02/26/2025 (MT Newswires) -- Yangzijiang Shipbuilding's (SGX:BS6) attributable profit to equity holders jumped 51% in the second half of 2024 to 3.58 billion yuan from 2.38 billion yuan a year earlier, according to a filing with the Singapore Exchange on Wednesday.

Earnings per share rose to 0.905 yuan compared with 0.6013 yuan in the comparable period.

Revenue was up 5% year over year to 13.49 billion yuan from 12.79 billion yuan, due to higher turnover from shipbuilding segment.

Shares of the shipbuilding and repair company slid nearly 15% in recent trading.
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sgng123
Supreme
27-Feb-2025 10:37     
 
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 Alert Admin 		YZJ shipping crash 15% today dropping as low as 2.23. Had to wait for sell wave to be over. Yzjfg very unlucky got affected by yzj shipping.
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HVRRVH
Elite
27-Feb-2025 10:24     
 
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 Alert Admin 		Owing to YZJS situation, somehow YZJF is also facing selling pressure. Market could be thinking that YZJF is also in the Maritime businesses. However, YZJF is financing ship owners who wants to buy ships so in that sense, once the deal is committed, YZJF stand to gain the returns so there is some difference here. Anyway, as mentioned in previous post, at some points defence line at $0.56 to $0.575 will be tested. Cunning BBs yesterday maintian price at $0.58 with long queues both at bid and ask and today decided to move goal post down a bit. Let' s see what happen next. 

HVRRVH      ( Date: 25-Feb-2025 11:26) Posted:

If I nitpick, I would say the forex gains and govt grants as well as NPL wrote back are blemishes of the results. Simply because these outputs are not the result of the normal course of businesses. Market would happily discount them and refuse to push up the share price. In addition, US is turning inward and making things hard for other countries to do business. It is no longer a matter of demand and supply as tariffs skew the economic landscape. With YZJF venturing into Maritime and related businesses with success so far, this would normally warrant a re-rating but in view of US policies of crippling its rival by making business activities hard for the rest of the world, the market is cautious. We are back to last few years where investors adopting wait and see attitude rather than re-rate the share price based on forward looking scenarios. The difference is that previously, the share price was hovering around $0.3 to $0.35 but at least, now the base of $0.56 to $0.575 should be easily defence if there are any attempts to sell down, reasons being YZJF has proved that they walk the talk. Scaling down DI, shifting capital out of China, venturing into new [Maritime related] businesses and more importantly, the company is deft free with huge cash in hands. Cash is king if somehow, the world sink into a recession as that will be the time everything is on sale on bargain and it will be a buyer market. In a nutshell, ignore short term price volatility as after all, for long term investors, what' s key is every year there is good dividend to collect while waiting for the market to finally re-rate the company. 

HVRRVH      ( Date: 25-Feb-2025 00:10) Posted:

On hindsight now I thank T Rowe and other institutions that sold down YZJF, I am not mocking them and seriously I am thanking them. If they didn' t sell, they may start selling NOW with larger capital gains or they may sell after XD. With their big holding, if they sell now it would supress upward price movement. This is not to say the price will sure trend up from tomorrow, we really don' t know what game BBs are up to. Good results good prospects good growth etc all amounting to nothing if they have weird plan or interpretation of the results. They can hold the view that the ' other' gain is too large and would not be repeated [Forex gain & govt grant = 72m] they can say prospect no good as the write back of credit allowance [15m] has also skew the results and may not be repeated they can say YZJF don' t know how to deploy the huge cash, instead of deploying it, now it has gone up to 1.8b instead and cash in hands/equivalent is now 52 cents per share! For me, I like the Maritime and related businesses, it has started showing the growth and managment has indicated that they will reallocate some fund from Cash Managment to Maritime. Maritime is now the YZJF' s main growth engine. So let' s see how the market react tomorrow. I would venture to say that it should go up, and may not go up as much as the corresponding dividends 3.45 cents but it will be unthinkable if it get sell down. If it happens, let' s all quit SGX market and venture overseas markets instead. 


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pasttime
Supreme
26-Feb-2025 21:36     
 
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Yells: "gold silver are real money. not others iou."
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 Alert Admin 		this price is still a huge discount to nta. hope they can use profit to do more share buy back soon to accumulate more value for long term shareholders.
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pkli899
Supreme
26-Feb-2025 20:37     
 
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 Alert Admin 		Thank you Winnrtakeall for sharing this report.
So, we see TP of 66c from CGS.
Any others know of re-rating from other houses?
TIA
 
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Winnertakeall
Elite
26-Feb-2025 20:16     
 
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 Alert Admin

Yangzijiang Financial Holding Surges with 392% YoY Profit Growth through Impairment Reversals & Strategic Maritime Investments 1

Comprehensive Analysis of Yangzijiang Financial Holding

Broker: CGS International Securities

Date: February 25, 2025

Overview

Yangzijiang Financial Holding (YZJFH) has reported a remarkable performance in the second half of 2024 (2H24), showcasing a net profit of S\$198 million, which reflects a significant growth of 76% compared to the previous half and an astonishing 392% year-on-year increase. This performance surpassed the expectations of analysts who had anticipated a profit of S\$61 million. The primary drivers behind this impressive outcome include robust cash management, maritime income, and a series of impairment reversals coupled with substantial tax rebates.

Financial Performance Highlights

YZJFH& rsquo s full-year net profit for FY24 reached S\$310 million, again exceeding the projected S\$173 million. The notable factors contributing to this success are:
  • Enhanced contributions from cash management and maritime fund investments.
  • Realized gains from Singapore fund investments.
  • Writebacks in allowances for debt investments that were fully repaid during the year.
  • Increased tax rebates in China.
In light of these results, YZJFH has declared a final dividend per share (DPS) of 3.45 Singapore cents for FY24, marking an increase from 2.25 cents in FY23.

Debt Portfolio Management

The company has strategically reduced its debt investment portfolio in China to approximately 29% of total assets under management (AUM), which translates to about S\$1.2 billion as of the end of 2H24. This reallocation aligns with its medium-term target of maintaining around 30% exposure. The company recorded S\$46 million in impairment reversals in 2H24, indicating a significant improvement from the substantial allowances noted in prior periods, attributed to challenging operating conditions in China.

YZJFH has diligently reduced its exposure to debt investments over the last two years, cutting S\$1.5 billion cumulatively while restricting new debt investments to about S\$355 million. Management is optimistic about lower impairments going forward, as they believe the necessary adjustments for weaker exposures have already been accounted for.

Future Growth Strategy: Maritime Investments

Looking ahead, YZJFH aims to enhance its maritime assets significantly, targeting an allocation of US\$900 million in maritime-related investments over the next three to five years. As of 2H24, the company has already invested US\$450 million in maritime assets, with a cautious deployment strategy that adheres to an investment return threshold of 8-10%.

Analyst Rating and Target Price Update

In light of the recent financial results and the positive outlook on macroeconomic conditions, CGS International Securities has reiterated an & ldquo Add& rdquo rating for YZJFH, adjusting the target price upwards to S\$0.66 from the previous S\$0.42. This revision reflects expectations of enhanced cash management and maritime fund income, alongside anticipated mild impairment writebacks.

The target price is derived from a blended valuation approach based on price-to-book value (P/BV) and price-to-earnings (P/E) metrics, with a particular emphasis on the improving landscape in China& rsquo s real estate sector which may enhance asset valuations and facilitate non-performing loan (NPL) recoveries.

Market Position and Risks

As of the latest analysis, YZJFH has a market capitalization of approximately US\$1,469 million and a current share price of S\$0.565, indicating a potential upside of 16.8% relative to the new target price. The company currently enjoys a consensus rating of & ldquo Buy& rdquo from analysts, with no holds or sells indicated.

However, investors should remain cautious of potential downside risks, including:
  • Exchange rate fluctuations that may adversely affect US dollar-denominated assets in Singapore.
  • Economic uncertainties in China that could impact NPL levels and interest income.

Conclusion

Yangzijiang Financial Holding has demonstrated an exceptional financial turnaround, characterized by impressive profit growth and strategic portfolio management. With a focused approach on maritime investments and reduced exposure to debt, the company& rsquo s future looks promising. Analysts maintain a positive outlook, emphasizing the potential for further growth given the favorable market conditions and strategic initiatives outlined by management.
 
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HVRRVH
Elite
26-Feb-2025 20:12     
 
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 Alert Admin 		Point 9 in question.  As far as YZJF is concerned, it was only mentioned that ' No direct impact' . We arent' even talking about assurance or anything like that. 

behonest      ( Date: 26-Feb-2025 18:33) Posted:

i disagree, 

they didnt give assurance how trump policy affect the marinetime industry

HVRRVH      ( Date: 26-Feb-2025 11:37) Posted:

Some key points from yesterday L& T' s investors briefing. All from the top of my head so informatin may lack details but they were what transpired in the webinar: 

1) Worst is over for NPL
2) Maritime businesses can only get better
3) Will continue to scale up Maritime businesses till all the fund allocated is exhausted
4) Will continue SBB at appropriate time
5) 40% dividend payout ratio will continue beyond the 1st 3 years
6) No aim for now to increase the payout ration beyond 40%
7) Continue efforts to resolve NPL
8) Will continue depatch excess cash [Esp from DI when mature when collected NPL / writebacks etc] to SG for investments
9) US threat of shipping tarrifs may affect shipbuilders but businesses concerned well in place to absorb extra cost and it is likely that the cost will be pass on to consumers. No direct impact on YZJF' s Maritime businesses
10) This is good time to invest in both YZJF and YZJS
11)  Many YZJF' s employees buying YZJF shares 
12) Investors will reap the reward in time to come [Chairman' s words]

In view of the above, I bought a bit more at $0.58 this morning. Quite relunctance actually since this is quite high above my average cost of $0.36. However, high can go higher and low can go lower. Price consideration is valid but overall, have to look at the prospects of the business and I think for YZJF, it has just started [Chairman' s words too] and since time is on the side of long instead of short, plus dividend yield on cost is still attractive and it is likely that going forward, YZJF can match/increase preceding dividends, just act and buy lah don' t over analysis. 

Also, to catch the inevitable market volatility and correction, has standby fund to buy more so that average holding cost is maintained at ideal price range. 


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sgng123
Supreme
26-Feb-2025 18:58     
 
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 Alert Admin 		Bb don wanna 1 shot push up yzjfh they do it gradually. Every trading day inch up 0.01 lol
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sgng123
Supreme
26-Feb-2025 18:55     
 
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 Alert Admin 		It trade pattern loh every week 5% up. This week tgt 0.6
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behonest
Senior
26-Feb-2025 18:33     
 
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 Alert Admin 		i disagree, 

they didnt give assurance how trump policy affect the marinetime industry

HVRRVH      ( Date: 26-Feb-2025 11:37) Posted:

Some key points from yesterday L& T' s investors briefing. All from the top of my head so informatin may lack details but they were what transpired in the webinar: 

1) Worst is over for NPL
2) Maritime businesses can only get better
3) Will continue to scale up Maritime businesses till all the fund allocated is exhausted
4) Will continue SBB at appropriate time
5) 40% dividend payout ratio will continue beyond the 1st 3 years
6) No aim for now to increase the payout ration beyond 40%
7) Continue efforts to resolve NPL
8) Will continue depatch excess cash [Esp from DI when mature when collected NPL / writebacks etc] to SG for investments
9) US threat of shipping tarrifs may affect shipbuilders but businesses concerned well in place to absorb extra cost and it is likely that the cost will be pass on to consumers. No direct impact on YZJF' s Maritime businesses
10) This is good time to invest in both YZJF and YZJS
11)  Many YZJF' s employees buying YZJF shares 
12) Investors will reap the reward in time to come [Chairman' s words]

In view of the above, I bought a bit more at $0.58 this morning. Quite relunctance actually since this is quite high above my average cost of $0.36. However, high can go higher and low can go lower. Price consideration is valid but overall, have to look at the prospects of the business and I think for YZJF, it has just started [Chairman' s words too] and since time is on the side of long instead of short, plus dividend yield on cost is still attractive and it is likely that going forward, YZJF can match/increase preceding dividends, just act and buy lah don' t over analysis. 

Also, to catch the inevitable market volatility and correction, has standby fund to buy more so that average holding cost is maintained at ideal price range. 

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vicloo
Supreme
26-Feb-2025 17:23     
 
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 Alert Admin 		I scooped a bit more at 0.575-0.58 too :)

HVRRVH      ( Date: 26-Feb-2025 11:37) Posted:

Some key points from yesterday L& T' s investors briefing. All from the top of my head so informatin may lack details but they were what transpired in the webinar: 

1) Worst is over for NPL
2) Maritime businesses can only get better
3) Will continue to scale up Maritime businesses till all the fund allocated is exhausted
4) Will continue SBB at appropriate time
5) 40% dividend payout ratio will continue beyond the 1st 3 years
6) No aim for now to increase the payout ration beyond 40%
7) Continue efforts to resolve NPL
8) Will continue depatch excess cash [Esp from DI when mature when collected NPL / writebacks etc] to SG for investments
9) US threat of shipping tarrifs may affect shipbuilders but businesses concerned well in place to absorb extra cost and it is likely that the cost will be pass on to consumers. No direct impact on YZJF' s Maritime businesses
10) This is good time to invest in both YZJF and YZJS
11)  Many YZJF' s employees buying YZJF shares 
12) Investors will reap the reward in time to come [Chairman' s words]

In view of the above, I bought a bit more at $0.58 this morning. Quite relunctance actually since this is quite high above my average cost of $0.36. However, high can go higher and low can go lower. Price consideration is valid but overall, have to look at the prospects of the business and I think for YZJF, it has just started [Chairman' s words too] and since time is on the side of long instead of short, plus dividend yield on cost is still attractive and it is likely that going forward, YZJF can match/increase preceding dividends, just act and buy lah don' t over analysis. 

Also, to catch the inevitable market volatility and correction, has standby fund to buy more so that average holding cost is maintained at ideal price range. 

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pkli899
Supreme
26-Feb-2025 16:33     
 
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 Alert Admin 		Sorry, typo......should be " thankful" .
58c sell q keep top up......sad
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pkli899
Supreme
26-Feb-2025 14:25     
 
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 Alert Admin 		HVRRVH is another very valuable member here.
So thank for his regular input.
Looking forward to more good years.
Above 6% yield is satisfying for me, a " for income investor" .
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HVRRVH
Elite
26-Feb-2025 12:37     
 
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 Alert Admin 		I forgot one very important point: 

NO PLAN AT ALL TO PRIVATISE / DELIST 

Hope the certain individual in this forum can stop talking about privatisation / delisting once and for all.  Maybe he/she already knew. Maybe he/she was the one who asked the question. 

HVRRVH      ( Date: 26-Feb-2025 11:37) Posted:

Some key points from yesterday L& T' s investors briefing. All from the top of my head so informatin may lack details but they were what transpired in the webinar: 

1) Worst is over for NPL
2) Maritime businesses can only get better
3) Will continue to scale up Maritime businesses till all the fund allocated is exhausted
4) Will continue SBB at appropriate time
5) 40% dividend payout ratio will continue beyond the 1st 3 years
6) No aim for now to increase the payout ration beyond 40%
7) Continue efforts to resolve NPL
8) Will continue depatch excess cash [Esp from DI when mature when collected NPL / writebacks etc] to SG for investments
9) US threat of shipping tarrifs may affect shipbuilders but businesses concerned well in place to absorb extra cost and it is likely that the cost will be pass on to consumers. No direct impact on YZJF' s Maritime businesses
10) This is good time to invest in both YZJF and YZJS
11)  Many YZJF' s employees buying YZJF shares 
12) Investors will reap the reward in time to come [Chairman' s words]

In view of the above, I bought a bit more at $0.58 this morning. Quite relunctance actually since this is quite high above my average cost of $0.36. However, high can go higher and low can go lower. Price consideration is valid but overall, have to look at the prospects of the business and I think for YZJF, it has just started [Chairman' s words too] and since time is on the side of long instead of short, plus dividend yield on cost is still attractive and it is likely that going forward, YZJF can match/increase preceding dividends, just act and buy lah don' t over analysis. 

Also, to catch the inevitable market volatility and correction, has standby fund to buy more so that average holding cost is maintained at ideal price range. 

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