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PhillipTan Supreme	04-Aug-2021 16:57        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	And also, contra, shorting and cfds I don' t encourage, because it is similar to gambling If just for the experience or knowledge or for fun or for the novelty The money you use must be equal to the amount of money you won' t feel too much heartburn if you lose it Eg. If you won' t care much about losing $2k and that sum of money is something you can part with easily, then ok But don' t play more than $2k, or you could be sucked into it and may end up losing all your hard earned savings
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PhillipTan Supreme	04-Aug-2021 16:49        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	i usually cover back on the same day if not planning to do so, I play cfd instead usual trading fees, varies from broker to broker if short and cannot cover back on the same day, you will be fined ($1k per day I think) unless you call up your broker to ask for available stocks for borrowing (not really sure since i had never done this) for cfd, usual trading fees apply as well and varies with different brokers short or long positions, both will come with daily interest charges since you are borrowing money to trade on leverage for shorts, you will need to pay additional interest known as stock borrowings chargeable on a daily basis as well daily basis includes weekends and PHs how long depends on how much holding power (ie. money) you have bearing in mind the daily interest charges you are racking up as the days pass by, on top of the price movements Omega88      ( Date: 04-Aug-2021 16:25) Posted: Hi Phillip, Can enlighten us? So what are some of the fees involved when u are short selling? and when do you need to cover your short positions? Thanks in advance!  PhillipTan      ( Date: 04-Aug-2021 15:35) Posted: Read up and do some experiment on short selling as well as cfd while you still have time If one day that really happens, go on a short position You may potentially earn more than your loss in your equity holdings, especially if you are playing cfds with leverage Lol, but not recommended though, unless you really really know what you are doing
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pkli899 Supreme	04-Aug-2021 16:39        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	LOL....let' s see last ten minutes. the3nomads      ( Date: 04-Aug-2021 16:39) Posted: The int div would be near term dream👍 ....immediate dream is big mouth swallow 143 n price hike LOL hokpin      ( Date: 04-Aug-2021 16:32) Posted: Interim dividend is also what I am hoping too! It is highly possible since it is a record high. Huat Ah
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the3nomads Supreme	04-Aug-2021 16:39        the3nomads About Contact  Quote this Post!
x 0   x 0  Alert Admin	The int div would be near term dream👍 ....immediate dream is big mouth swallow 143 n price hike LOL hokpin      ( Date: 04-Aug-2021 16:32) Posted: Interim dividend is also what I am hoping too! It is highly possible since it is a record high. Huat Ah! pkli899      ( Date: 04-Aug-2021 16:27) Posted: If Ren not happy with current share price, one way he can do is, on top of showing good results, first time ever, declare interim dividend. All will be happy.
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hokpin Supreme	04-Aug-2021 16:32        hokpin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Interim dividend is also what I am hoping too! It is highly possible since it is a record high. Huat Ah! pkli899      ( Date: 04-Aug-2021 16:27) Posted: If Ren not happy with current share price, one way he can do is, on top of showing good results, first time ever, declare interim dividend. All will be happy.
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pkli899 Supreme	04-Aug-2021 16:27        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If Ren not happy with current share price, one way he can do is, on top of showing good results, first time ever, declare interim dividend. All will be happy.
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Omega88 Senior	04-Aug-2021 16:25        Omega88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Phillip, Can enlighten us? So what are some of the fees involved when u are short selling? and when do you need to cover your short positions? Thanks in advance!  PhillipTan      ( Date: 04-Aug-2021 15:35) Posted: Read up and do some experiment on short selling as well as cfd while you still have time If one day that really happens, go on a short position You may potentially earn more than your loss in your equity holdings, especially if you are playing cfds with leverage Lol, but not recommended though, unless you really really know what you are doing   actan99      ( Date: 04-Aug-2021 15:07) Posted: Ok, thanks for your opinion. Well noted.  Nowadays sibei worried about china company investment,      just one word come out from the govt there, everything tanked.  Thanks
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SAVIORFOREVER Supreme	04-Aug-2021 16:05        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 0  Alert Admin	Congrats to those who bought 137 and holding. Bid Bid Vol(K) Ask Ask Vol(K) 1.420 4,343.4 1.430 4,570.2 1.410 4,364.4 1.440 7,683.8 1.400 4,202.5 1.450 6,338.6 1.390 3,233.5 1.460 4,977.6 1.380 4,339 1.470 3,713.3 1.370 4,545.5 1.480 2,621.1 Trade with expectation and DYODD
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pkli899 Supreme	04-Aug-2021 16:05        pkli899 About Contact  Quote this Post!
x 1   x 0  Alert Admin	I feel coming Q2 results will be good....better than Q1. But will not likely be so good till double Q1 la. Will see more stellar results in subsequent Qs and next year. We can safely say YZJ total contracts this year will go beyond USD 8 Bn. Which will be more than 50% above previous record. Hence, it is really disappointing to see share price still at so low level. Seeing this, many houses also dare not set TP above $2.00 liao.
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the3nomads Supreme	04-Aug-2021 16:02        the3nomads About Contact  Quote this Post!
x 0   x 0  Alert Admin	V proud of today's movement! 4cts so far ... Uptrend indeed!
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PhillipTan Supreme	04-Aug-2021 15:35        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Read up and do some experiment on short selling as well as cfd while you still have time If one day that really happens, go on a short position You may potentially earn more than your loss in your equity holdings, especially if you are playing cfds with leverage Lol, but not recommended though, unless you really really know what you are doing   actan99      ( Date: 04-Aug-2021 15:07) Posted: Ok, thanks for your opinion. Well noted.  Nowadays sibei worried about china company investment,      just one word come out from the govt there, everything tanked.  Thanks. PhillipTan      ( Date: 04-Aug-2021 15:05) Posted: My personal interpretation, but I could be wrong Because these are the very easy to get rich companies that " exploits" China' s general population And being branded in a very nice way such as tutoring their kids for a better future Many of them are foreign invested, some even listed in US stock exchange In other words, a lot of money is flowing out of the country And given their tensed relations with USA, this could be a way of hitting them back Whereas for YZJ, even though listed overseas in Singapore Their revenue is not locally derived in China, if compared to those online tutoring companies etc A lot of YZJ customers are from over the world, and this represents cash inflow into the country So that should be the huge difference here
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WiseInvestor Elite	04-Aug-2021 15:26        WiseInvestor About Contact  Quote this Post!   Yells: "Forex Biz Opportunity for traders!"
x 0   x 0  Alert Admin	Agreed with your points. Risk like hiking steel costs still remain. This need to be adjusted accordingly to reflect the future costs to be incurred. It is just a matter of judgement to be exercised by management. Auditor will also judge as to whether the adjusted cost is reasonable. You have made clear about the milestone completion to everyone here!  PhillipTan      ( Date: 04-Aug-2021 15:17) Posted: Criteria for revenue recognition Amount of revenue can be measured reliably - In the contract, how much will be paid at each milestone Probable that the economic benefits will flow to the seller - Letter of Guarantee from Bank Stage of completion at the balance sheet date can be measured reliably - If based on completed milestones yes, already listed in the contract details Costs incurred, or to be incurred, in respect of the transaction can be measured reliably - This last part will be an unknown factor to the outside world If YZJ is able to do it and to show the accuracy of it, they can record the revenue as and when the milestones are reached. That is my understanding   WiseInvestor      ( Date: 04-Aug-2021 14:59) Posted: Noted with thanks for the link. Completion of milestone is a new term that GAAP and IFRS is silent about. But obviously it is a percentage of completion method. Completion of milestone need to meet certain criterias toe be substantive. Either revenue or costs are recognised at every stage of completion by eiher surveying the performance worked or bearing the actual costs to the total estimated costs for each project respectively. To make sure that revenue and costs are not overstated or understate. In case revenue or costs exceed each other upon recognising, it will be deferred revenue or expenditure
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mrwonderful Veteran	04-Aug-2021 15:20        mrwonderful About Contact  Quote this Post!
x 2   x 0  Alert Admin	China govt crackdown is on companies' whose business model was threatened CCP power or social ills: 1. Started with China tech, Jack Ma open mouth and talk bad about China regulators. Regulators then black face and block Ant financial listing and fine Alibaba for all kinds of reasons. 2. Regulators then go after all the big tech to keep them in line and enforce customer privacy. Companies like Didi which didn' t get in line (IPO in USA likely need to share some data about Chinese consumers to the US SEC which make China regulators more angry) got whacked badly. 3. China edu/edutech was creating spiralling tuition costs and preventing Chinese couples from having children/many children. 4. Food delivery like Meituan were forced to implement minimum wage.  5.  Gaming companies like Tencent was feared to make the young Chinese teens become addicted to computer games/neglect studies. But the shipbuilding industry and YZJ in my opinion, I dont see much regulatory or govt crackdown on it. Just be guai guai, do your work, earn honest money, gain better reputation (from int' l clients too). In fact, I feel YZJ being a successful yard and now going toe to toe with Korean yards for dual engine LNG ships will make the CCP happy and proud. actan99      ( Date: 04-Aug-2021 15:07) Posted: Ok, thanks for your opinion. Well noted.  Nowadays sibei worried about china company investment,      just one word come out from the govt there, everything tanked.  Thanks. PhillipTan      ( Date: 04-Aug-2021 15:05) Posted: My personal interpretation, but I could be wrong Because these are the very easy to get rich companies that " exploits" China' s general population And being branded in a very nice way such as tutoring their kids for a better future Many of them are foreign invested, some even listed in US stock exchange In other words, a lot of money is flowing out of the country And given their tensed relations with USA, this could be a way of hitting them back Whereas for YZJ, even though listed overseas in Singapore Their revenue is not locally derived in China, if compared to those online tutoring companies etc A lot of YZJ customers are from over the world, and this represents cash inflow into the country So that should be the huge difference here
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PhillipTan Supreme	04-Aug-2021 15:17        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Criteria for revenue recognition Amount of revenue can be measured reliably - In the contract, how much will be paid at each milestone Probable that the economic benefits will flow to the seller - Letter of Guarantee from Bank Stage of completion at the balance sheet date can be measured reliably - If based on completed milestones yes, already listed in the contract details Costs incurred, or to be incurred, in respect of the transaction can be measured reliably - This last part will be an unknown factor to the outside world If YZJ is able to do it and to show the accuracy of it, they can record the revenue as and when the milestones are reached. That is my understanding   WiseInvestor      ( Date: 04-Aug-2021 14:59) Posted: Noted with thanks for the link. Completion of milestone is a new term that GAAP and IFRS is silent about. But obviously it is a percentage of completion method. Completion of milestone need to meet certain criterias toe be substantive. Either revenue or costs are recognised at every stage of completion by eiher surveying the performance worked or bearing the actual costs to the total estimated costs for each project respectively. To make sure that revenue and costs are not overstated or understate. In case revenue or costs exceed each other upon recognising, it will be deferred revenue or expenditure. PhillipTan      ( Date: 04-Aug-2021 11:40) Posted: Usually payment is by a certain percentage, based on different milestones achieved And revenue is recognised in stages upon completion of these milestones Upfront payment is 5%-10% Most of the time is 10% and the last 10% at commissioning and delivery of vessel For the different milestones, you may refer to the link below Shipbuilding | shippipedia
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coolbear123 Senior	04-Aug-2021 15:09        coolbear123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	You will never know. It happened before, it can happen again. actan99      ( Date: 04-Aug-2021 14:31) Posted: Nice uptrend,  I have a genuine question,  nowadays china keep on targeting their own tech and edcation companies with regulatory reviews... Just to check .... I think this shipping company wont be targetted right ? I think they are low profile type of company so wont be so easily targetted , what do u guys think ?
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actan99 Master	04-Aug-2021 15:07        actan99 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ok, thanks for your opinion. Well noted.  Nowadays sibei worried about china company investment,      just one word come out from the govt there, everything tanked.  Thanks. PhillipTan      ( Date: 04-Aug-2021 15:05) Posted: My personal interpretation, but I could be wrong Because these are the very easy to get rich companies that " exploits" China' s general population And being branded in a very nice way such as tutoring their kids for a better future Many of them are foreign invested, some even listed in US stock exchange In other words, a lot of money is flowing out of the country And given their tensed relations with USA, this could be a way of hitting them back Whereas for YZJ, even though listed overseas in Singapore Their revenue is not locally derived in China, if compared to those online tutoring companies etc A lot of YZJ customers are from over the world, and this represents cash inflow into the country So that should be the huge difference here   actan99      ( Date: 04-Aug-2021 14:31) Posted: Nice uptrend,  I have a genuine question,  nowadays china keep on targeting their own tech and edcation companies with regulatory reviews... Just to check .... I think this shipping company wont be targetted right ? I think they are low profile type of company so wont be so easily targetted , what do u guys think ?
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pkli899 Supreme	04-Aug-2021 15:06        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha.....nobody can answer u. Unless YZJ grow till so big that their govt feel threatened. Anyway, senior Ren was involved in an investigation in 2019 and came out unscathed. Ever since then, high profile support of the Communist Party by YZJ were seen on numerous occassions. YZJ being the most well managed, profitable, privately run ship building company, must not be seen as the one cutting off the State run yards' business.  If fact, I suspect (not proven and may not be the case) they did help the State yards to secure some contracts from their regular customers. actan99      ( Date: 04-Aug-2021 14:31) Posted: Nice uptrend,  I have a genuine question,  nowadays china keep on targeting their own tech and edcation companies with regulatory reviews... Just to check .... I think this shipping company wont be targetted right ? I think they are low profile type of company so wont be so easily targetted , what do u guys think ?
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PhillipTan Supreme	04-Aug-2021 15:05        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	My personal interpretation, but I could be wrong Because these are the very easy to get rich companies that " exploits" China' s general population And being branded in a very nice way such as tutoring their kids for a better future Many of them are foreign invested, some even listed in US stock exchange In other words, a lot of money is flowing out of the country And given their tensed relations with USA, this could be a way of hitting them back Whereas for YZJ, even though listed overseas in Singapore Their revenue is not locally derived in China, if compared to those online tutoring companies etc A lot of YZJ customers are from over the world, and this represents cash inflow into the country So that should be the huge difference here   actan99      ( Date: 04-Aug-2021 14:31) Posted: Nice uptrend,  I have a genuine question,  nowadays china keep on targeting their own tech and edcation companies with regulatory reviews... Just to check .... I think this shipping company wont be targetted right ? I think they are low profile type of company so wont be so easily targetted , what do u guys think ?
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mrwonderful Veteran	04-Aug-2021 15:03        mrwonderful About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anybody knows/calculated what is the consensus expectation for their 2021Q2 revenue and net profit?
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mrwonderful Veteran	04-Aug-2021 15:00        mrwonderful About Contact  Quote this Post!
x 0   x 0  Alert Admin	CGS-CIMB ups Yangzijiang' s TP to $1.91 on strong year-to-date orders Felicia Tan  Published on Wed, Aug 04, 2021 / 1:46 PM GMT+8 / Updated 51 minutes ago   CGS-CIMB Research analyst Lim Siew Khee has reiterated &ldquo add&rdquo on Mainboard-listed  Yangzijiang Shipbuilding  with a higher target price of $1.91 from $1.63 previously.   Lim&rsquo s report, dated Aug 2, comes after the group  signed new orders  for a total contract value worth US$1.08 billion ($1.46 billion). The new orders bring year-to-date (y-t-d) orders for the group to US$6.67 billion and its orderbook to US$8.74 billion. As the group will report its results for the 2QFY2021 on Aug 5 after market closes, Lim estimates gross margins for shipbuilding in the quarter to be lower at 12% to 13% compared to the 15.9% posed in the 1QFY2021. This, she explains, is given the 19% q-o-q rise in steel prices.   That said, the group&rsquo s net profit could be boosted by the sale of its own fleet of bulk carriers, which Lim estimates to be in the range of RMB680 million ($142.1 million) to RMB710 million, which is 10-12% lower q-o-q.   In addition to her higher target price estimate, Lim has upped her earnings per share (EPS) estimates for the FY2021 to FY2023 by 1% to 26%. She has also lifted her order win forecast for the FY2021 by 60% to US$8 billion, offset by lower gross margins.   &ldquo We think the strong orders y-t-d should lead to positive share price movement,&rdquo writes Lim.   &ldquo It trades at a steep discount to the Korean shipbuilders - Korea Shipbuilding & Offshore&rsquo s 0.85 times 2021 P/BV and Hyundai Mipo Dockyard&rsquo s 1.5 times 2021 P/BV - although KSOE secured [around] US$12 billion of new contracts and HMD US$3.6 billion in 1HFY2021,&rdquo she adds. &ldquo Yet, we think profitability matters.&rdquo   To Lim, a strong order win momentum and good margin preservation are key catalysts to Yangzijiang&rsquo s share price, while a sudden plunge in freight rates is a key risk.   As at 1.45pm, shares in Yangzijiang are trading 2 cents higher or 1.4% up at $1.41, or 0.73 times P/B, according to CGS-CIMB&rsquo s estimates.
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