| Latest Forum Topics / YZJ Shipbldg SGD Last:3.46 -- |
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Cruising with the ship ..Yangzijiang
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ascend88
Master |
04-Mar-2015 11:12
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if its happend....again....2nd time.... get ready bullet.... :)
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FaceTheFact
Member |
04-Mar-2015 11:08
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An old issue that appeared > 9 mths back. The accusations were very personal in nature and was never targetted at the company. Below for info... Ren has denied all allegations, and has reassured shareholders that the accusations are unfounded. A report by DBS Research Group noted that the knee-jerk reaction seems overdone as no charges have been presented against Yangzijiang or its subsidiaries, and the businesses of the Group continue to run its ordinary course. The allegations were against Mr Ren and have no impact on Yangzijiang&rsquo s operations and financials,&rdquo stated the report. |
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tianji
Veteran |
04-Mar-2015 11:08
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Going to have big earth quake soon ..... Avoid or short from now
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ascend88
Master |
04-Mar-2015 11:07
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nice.....very nice.... moving in the right direction.,...
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moneycow
Elite |
04-Mar-2015 10:17
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what happens to the corruption acussation.....just recently that cause a earthquake......... no news ? will that surface again ? |
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FaceTheFact
Member |
04-Mar-2015 10:12
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For info. pse DYODD. YZJ&rsquo s outlook at its 2014 earnings presentation highlights its superior R& D capability relative to peers. While the construction of jack up has resulted in a 4Q14 gross margin of 22.4% compared with 28.5% in Jan-Sept 2014, Barclays are encouraged by the new order win in LNG carrier which catapults YZJ to No.2-ranked among seven Chinese shipyards in terms of outstanding orders, and positive commentary for a US$2.0b new order win target for 2015, above US$1.8b in 2014 With a 2015E net debt to equity of 5%, Barclays expects YZJ to be a long-term winner in the government-led consolidation in the shipbuilding market and maintain its Overweight rating with higher TP of $1.55 (from $1.50). |
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shadow
Veteran |
04-Mar-2015 09:24
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More good news coming !!! 扬 子 江 船 业 欲 建 大 型 LNG船2015-03-04 08:33:34 日 前 ， 扬 子 江 船 业 (位 置 评 论 新 闻 )成 功 获 得 2艘 27500立 方 米 LNG船 订 单 ， 正 式 进 军 LNG船 市 场 。 不 过 近 日 又 传 出 消 息 ， 扬 子 江 船 业 正 在 与 相 关 船 东 协 商 建 造 2艘 80000立 方 米 LNG船 。 扬 子 江 船 业 董 事 长 任 元 林 透 露 ， 船 厂 计 划 建 造 2艘 80000立 方 米 LNG船 ， 该 交 易 预 计 在 今 年 年 内 完 成 。 任 元 林 表 示 ： &ldquo 虽 然 目 前 LNG船 需 求 不 是 很 高 ， 但 是 中 国 的 LNG需 求 正 在 上 升 。 &rdquo 2月 16日 ， 扬 子 江 船 业 宣 布 从 JACCAR Holdings旗 下 子 公 司 JHW Engineering & Contracting Limited获 得 2艘 27500立 方 米 LNG船 订 单 ， 总 价 值 1.35亿 美 元 ， 预 计 在 2017年 交 付 。 任 元 林 表 示 ， 干 散 货 船 (船 型 船 厂 买 卖 )的 建 造 继 续 成 为 船 厂 日 常 运 营 的 核 心 部 分 ， 而 新 建 集 装 箱 船 (船 型 船 厂 买 卖 )的 尺 寸 有 望 更 大 。 扬 子 江 船 业 已 经 在 竞 标 14000TEU集 装 箱 船 ， 其 目 前 持 有 14艘 10000TEU集 装 箱 船 订 单 。 据 国 际 船 舶 网 了 解 ， 扬 子 江 船 业 在 2014年 取 得 较 高 的 净 利 润 ， 截 至 2014年 12月 31日 ， 其 净 利 润 同 比 上 升 13%， 至 34.8亿 元 人 民 币 ， 2013年 为 30.8亿 元 人 民 币 。 2014年 全 年 收 入 也 同 比 增 长 了 7%， 至 153.5亿 元 人 民 币 ， 增 长 主 要 原 因 是 2014年 交 付 了 万 箱 船 等 高 附 加 值 船 舶 。 截 至 2月 27日 ， 扬 子 江 船 业 手 持 订 单 量 维 持 在 118艘 ， 总 价 值 为 47.5亿 美 元 。 2014年 该 集 团 获 得 了 41艘 生 效 的 船 舶 订 单 ， 总 计 18亿 美 元 。 |
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FATABA
Supreme |
03-Mar-2015 15:41
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Jus have a couple of points to take away on YZJ from here.....( not meant for traders) 1. An increase in dividend and more likely the ability to maintain this payout ( cash on hand RMB$2.7B if I am not wrong) 2. Reduction in HTM business from here ..which means less risk and more cash 3. YZJ has accepted larger capacity vessel and hence better margins. So over the nex few qtr...expect better margin 4. PE ratio 6.10 as against historical PE ....What if there is a recovery in this industry. happy investing.
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johndoe1
Member |
03-Mar-2015 15:35
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Typo error.. I mean share price will crash below 1.20 back to its more realistic value of 1.14-1.16, because the fundamental of the shipping industry is still very much depressed from capacity and China slowed growth.
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ascend88
Master |
03-Mar-2015 15:34
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Today people who hold cash equivalents feel comfortable. They shouldn' t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. |
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johndoe1
Member |
03-Mar-2015 15:30
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At current levels already factor in dividend already lah.. Ex-Dvidend price will crase 6-7 cents down below 1.20 again. |
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ahbutthen
Member |
03-Mar-2015 15:15
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For those who actually did their own research, the shipping cycle is a very long long one. This downturn is going to be prolonged because of so much excess capacity coming online during the boom years (pre-2007). |
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ascend88
Master |
03-Mar-2015 15:03
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Date: 02/03/2015
Results in line
FY14 results in lineYangzijiang Shipbuilding reported a 12% YoY rise in revenue to RMB3.8b but a 15% fall in net profit to RMB636.6m in 4Q14 still, full year net profit of RMB3.48b was in line with ours (RMB3.47b) and the street&rsquo s expectations (Bloomberg cons: RMB3.35b). Gross margin for the shipbuilding business was 17.0% in 4Q14 vs. 19.9% in the preceding quarter. Continues to wind down HTM assetsMeanwhile the group&rsquo s held-to-maturity (HTM) assets fell from RMB12.6b in 3Q14 to RMB10.8b in 4Q14 this is the third consecutive quarter of decline and management plans to continue the reduction on a gradual basis. In 4Q14, an additional provision of RMB315m was made with regards to HTM assets in view of the weakening outlook of China&rsquo s real estate industry. According to management, the default rate for its HTM assets currently remains low at 1%. Seeking growth in a challenging environmentGiven the poor industry outlook, YZJ has received requests to defer deliveries for a few vessels, and management is likely to accede to them. For FY15, the group is hoping to secure new orders worth about US$2b vs. US$1.8b that was clinched last year. Management is also seeking to develop its LNG shipbuilding capabilities. Recently, YZJ secured two orders worth US$135m from a unit JACCAR Holdings (which owns EVERGAS) for two LNG carriers. Upside of ~13%Chinese banks are now trading at 1.1x FY15F P/B, and we increase our peg from 0.65x to 0.85x for the group&rsquo s HTM assets under our SOTP valuation. However, given that chances of a recovery in the commercial shipbuilding industry look lower with 1) the BDI hovering at record lows and 2) containerships still in an oversupply, we lower our P/E for this segment from 9x to 8x. As such, our fair value estimate rises only slightly from S$1.31 to S$1.33. Maintain BUY. Meanwhile, with more cash freed from HTM assets, the group has declared a dividend of 5.5 S cents for the year, compared to 5 S cents in FY13. Source: OCBC Research - 2 Mar 2015 |
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johndoe1
Member |
03-Mar-2015 14:50
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Looks like will close at 1.21 or unchanged at 1.205 today. Soon will may be testing 1.19. |
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johndoe1
Member |
03-Mar-2015 13:33
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I got trick into a fake break out 2-3 years ago when it briefly break 1.21, chase it and bought at 1.23. The next day, it got sold all the way down to 1.10 with rumous of the CEO under investigations. Stuck with this shit counter for 3 years. And finally got rid of it at between 1.255-1.28. Now, I can see the 1.23 price which I bought in 3 years ago becomes the resistance again. This counter always have fake break out one. Today can breakout to an uptrend, tomorrow can be sell down back to the down trend channel again. Unless you want your $$ to be stuck for 3-5 years, best is to stay clear. |
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johndoe1
Member |
03-Mar-2015 13:20
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Dividend payout going still many months later. Same like previous years. Declare result and dividend to be payout in Feb/Mar, prices still drop like lao sai because dividend payout date many many months later. |
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johndoe1
Member |
03-Mar-2015 13:17
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This counter Buay-Kan one lah. Today up to 1.23, tomorrow sell down to 1.20 again. If cannot break 1.23 resistance, will crash back to 1.16 again. |
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halleluyah
Supreme |
01-Mar-2015 11:58
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Has been flushing down twice in 2wks...all tis r BBs doing. Wun b surprise a 3rd flushing to 1.16 n if break then hallelujah....I'll rather trade fifo...$$ in pocket feel safer.... | ||||||||||||||
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HuathuatLeo
Elite |
01-Mar-2015 11:18
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Ya, i dont believe all these analyst. If they put the money in at this level then ok, else stay clear from their analysis. Like angmoh sai say la walk the talk. LMAO. hahaha.
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CalvinChia888
Master |
28-Feb-2015 17:59
Yells: "Pay It Forward Analyze The Analysts" |
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I think the small and medium sized retailers aka sme should present our 1st award to YZJ founder and CEO for : " The Best, SME Retailers - feel- most-confident-most-comfortable S Chip CEO Award " Can even recommend him for the lead actor role for the UOB Commerical I recently watched a lot. |
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