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Latest Forum Topics / YZJ Fin Hldg    Last:0.22 --  Post Reply
YZJFH - potentially rewarding

pkli899
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08-Apr-2025 13:48     
 
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 Alert Admin 		Will there be more buying from institutions?
And this time round, will retailers join in?
Since it has become much cheaper.
 
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pkli899
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08-Apr-2025 13:43     
 
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 Alert Admin 		Last week, YZJFH got net buy of $32.5m from institutions.
But retailers net sell $25.1m.  sad
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pasttime
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08-Apr-2025 10:04     
 
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Yells: "gold silver are real money. not others iou."
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 Alert Admin 		hk, china market recovering.  general talk talk is to stay sideline and watch first.
brave people try to stager buy soon. some stock are not affected by tariff or trade war. just being sell down by fund who are affected to get cash and shorty .
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wehuattogether88
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07-Apr-2025 15:26     
 
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 Alert Admin 		Maybe later might have some shorts covering
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pkli899
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07-Apr-2025 15:26     
 
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 Alert Admin 		Agree with you, HVRRVH.
I was thinking the time frame for scrip dividend is short.
Implementation is tricky for this coming dividend.

HVRRVH      ( Date: 07-Apr-2025 14:43) Posted:

With regard to scrip dividend, I am wondering whether the company has enough time to implement it for FY24. They already announced XD date is 24/4/25 and payment date is 15/5/25. In their scrip accouncement, they mentioned that, I paraphrase, any implementation has to be confirmed no longer than 1 market day to the dividend record date, which is 25/4/25. In this case, even if they announced the scrip price straightaway, they only have about 3 weeks to send note of election to all eligible shareholders, to collect back the election form, to tabulate and to issue new shares. Timing seems a bit rush, for context, Boustead announced scrip price on 13.8.24, and allow shareholders from 22.8.24 to 9.9.24 to choose dividend or scrip, and only paid the dividend and issue new shares on 27.9.24. 

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wehuattogether88
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07-Apr-2025 14:52     
 
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 Alert Admin 		Agreed, probably Old Ren will speed up the spin off process.
Remember the insiders bought the treasury shares at S$0.72.
Good indicator for YZJF to be trading above this price after the market stabilized.
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volvo125
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07-Apr-2025 14:47     
 
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 Alert Admin 		On the contrary, I would think RenYL will accelerate the spin off of YFH due to the escalating trade war so that YFH1 can focus on the improving China DI and growing SG pte credits business, and YFH2 has a free hand as a pure SG capital funded coy (non china or hybrid China/SG ) to aggressively grow the MF/MS business.

HVRRVH      ( Date: 07-Apr-2025 14:30) Posted:

In his interview with The Edge, touching on the Cash Mangement business, old Ren said he is open to working with suitable partners to pool assets together with an eye for spin off.  I think the sale of treasury shares as well as the planned scrip dividend could be in preparation to the spin off too. Old Ren wants to increase the market capitalisation before spinning off apparently. So despite huge cash in hands, it seems that old Ren already have the intention to increase capital long ago. However, now the market sentiment is bad due to the trade war so perhaps spin off has to be put off for the time being. Anyway, since the TS is sold off at $0.72, I agree with you and do hope that the company can initiate SBB again at current price. YZJF can lock in 4.8m profits by buying back all 193m TS at $0.695 lol. 

 

volvo125      ( Date: 02-Apr-2025 11:48) Posted:

For the benefits of all the Long holders, I have sent the following mail to IR YFH.  Let hear what the mgt will say during AGM.

-----xxxx----
 
Date: Mon, 31 Mar 2025, 3:32  am
Subject: Question For AGM 15 Apr
To: YZJFH < [email protected]>
 
Hi IR of YFH,
 
I hold shares in YFH under the custodian FSMone (screenshot attached)
 
I refer to the 2 SGX announcements made on Script Dividend on 28 Mar and the Sales of Treasury Shares on 30 Mar.
 
I have the follow question for YFH management :-
 
With the 193.5m treasury shares being placed out, and the proposed script dividend mandate if passed, would mean YFH is going to issue new shares up to 153m to pay for the FY24 0.0345 dividend (say issue at a hypothetical price of 0.795 for example), assuming a 100% opt in rate.
 
  If YFH were to stop SBB going forward due to the much higher share price now and also to conserve the cash for MF investments, then YFH shares O/S is expecting to increase very significantly from the current 3480m to =(3480+194+153) = 3827m for FY25.
 
With a new much higher shares O/S in FY25, YFH will need to achieve a much higher FY25 NPAT at $333m in order to at least just maintain it' s FY24 EPS of 0.087 and DPS 0.0345. 
 
This is a significant 9.5% or $29m increase of NPAT from $304 to $333, else shareholders will see a lower EPS and DPS in FY25.
 
The total new equity injected is $139m + $121m = $260m. The increase in NPAT to at least match FY24 performance and payout is = (330m - 304m) = $29m. This implies that YFH must achieve a net ROE on this new capital = 29/260 = 11.15% (or a pre-tax return of ~14.1%, assuming average tax rate 21%).
 
YFH overall net FY24 ROE is just = (304m/4222m) = 7.2% (this is a net overall average ROE including those much lower returns from Cash Mgt and Yield Products ...). So unless YFH already has in mind high returns projects that can beat a net ROE 11.15% for this new $260m capital injection, I can really see a challenge here for YFH to even at least maintain its FY24 EPS and DPS in FY25, especially when there is still a $75m Govt grants+Forex gains in FY24 that is not going to recur in FY25.
 
YFH has a very huge $1813m in Cash Management not being productively deployed to higher returns investments as at end 2024 (Page 9 FY24 PowerPoint) and earning probably just 4~5% pa return. With so much idle cash on hand, why is YFH still raising even more cash from these new $260m equity injection that requires a high net ROE return of at least 11.15% ?
 
I look forward to receiving some enlightening answers from YFH management during the AGM.
 
Thank you.
 
--------xxxxxx------
 
Your questions have been well received. The management will address them during the AGM.
 
Thank you.
 
Best Regards,
 
Vicki Zhou (Zhou Yan) 
Consultant (Singapore) 
Logo
Sino-Lion Communications Pte Ltd
9 Raffles Place, #29-03, Republic Plaza
 


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HVRRVH
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07-Apr-2025 14:43     
 
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 Alert Admin 		With regard to scrip dividend, I am wondering whether the company has enough time to implement it for FY24. They already announced XD date is 24/4/25 and payment date is 15/5/25. In their scrip accouncement, they mentioned that, I paraphrase, any implementation has to be confirmed no longer than 1 market day to the dividend record date, which is 25/4/25. In this case, even if they announced the scrip price straightaway, they only have about 3 weeks to send note of election to all eligible shareholders, to collect back the election form, to tabulate and to issue new shares. Timing seems a bit rush, for context, Boustead announced scrip price on 13.8.24, and allow shareholders from 22.8.24 to 9.9.24 to choose dividend or scrip, and only paid the dividend and issue new shares on 27.9.24. 
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volvo125
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07-Apr-2025 14:37     
 
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 Alert Admin 		Strategic investors have just put up $139m to acquire the full placement of treasury shares at 0.72. I believe YFH (RenYL) will have the " unspoken obligation" to at least defend the share price at ~0.72 to instill investor confidence. 

pkli899      ( Date: 07-Apr-2025 13:22) Posted:

Your point is valid, volvo125.  yes
Hope the company think likewise.

volvo125      ( Date: 07-Apr-2025 11:26) Posted:

Let's see if YFH will restart SBB today due to the severe deep crash. It just crossed my mind that the coy is implementing script dividend and due to the full placement of all its treasury shares, it will need to issue new shares to fund the exercise. The FY24 dividend is ~$152m which the coy has the intention to retain this money in its balance sheet for future investment. With this sudden mkt crash, the coy can issue up to ~217m, or more, new shares (say at the current price 0.70, or lower if price not supported due to wide spread mkt fear), or the coy can commence SBB again to acquire part of the 217m shares needed for script dividend payment, plus providing an orderly support for the share price to cushion the irrational knee-jerk selldown.
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HVRRVH
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07-Apr-2025 14:30     
 
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 Alert Admin 		In his interview with The Edge, touching on the Cash Mangement business, old Ren said he is open to working with suitable partners to pool assets together with an eye for spin off.  I think the sale of treasury shares as well as the planned scrip dividend could be in preparation to the spin off too. Old Ren wants to increase the market capitalisation before spinning off apparently. So despite huge cash in hands, it seems that old Ren already have the intention to increase capital long ago. However, now the market sentiment is bad due to the trade war so perhaps spin off has to be put off for the time being. Anyway, since the TS is sold off at $0.72, I agree with you and do hope that the company can initiate SBB again at current price. YZJF can lock in 4.8m profits by buying back all 193m TS at $0.695 lol. 

 

volvo125      ( Date: 02-Apr-2025 11:48) Posted:

For the benefits of all the Long holders, I have sent the following mail to IR YFH.  Let hear what the mgt will say during AGM.

-----xxxx----
 
Date: Mon, 31 Mar 2025, 3:32  am
Subject: Question For AGM 15 Apr
To: YZJFH < [email protected]>
 
Hi IR of YFH,
 
I hold shares in YFH under the custodian FSMone (screenshot attached)
 
I refer to the 2 SGX announcements made on Script Dividend on 28 Mar and the Sales of Treasury Shares on 30 Mar.
 
I have the follow question for YFH management :-
 
With the 193.5m treasury shares being placed out, and the proposed script dividend mandate if passed, would mean YFH is going to issue new shares up to 153m to pay for the FY24 0.0345 dividend (say issue at a hypothetical price of 0.795 for example), assuming a 100% opt in rate.
 
  If YFH were to stop SBB going forward due to the much higher share price now and also to conserve the cash for MF investments, then YFH shares O/S is expecting to increase very significantly from the current 3480m to =(3480+194+153) = 3827m for FY25.
 
With a new much higher shares O/S in FY25, YFH will need to achieve a much higher FY25 NPAT at $333m in order to at least just maintain it' s FY24 EPS of 0.087 and DPS 0.0345. 
 
This is a significant 9.5% or $29m increase of NPAT from $304 to $333, else shareholders will see a lower EPS and DPS in FY25.
 
The total new equity injected is $139m + $121m = $260m. The increase in NPAT to at least match FY24 performance and payout is = (330m - 304m) = $29m. This implies that YFH must achieve a net ROE on this new capital = 29/260 = 11.15% (or a pre-tax return of ~14.1%, assuming average tax rate 21%).
 
YFH overall net FY24 ROE is just = (304m/4222m) = 7.2% (this is a net overall average ROE including those much lower returns from Cash Mgt and Yield Products ...). So unless YFH already has in mind high returns projects that can beat a net ROE 11.15% for this new $260m capital injection, I can really see a challenge here for YFH to even at least maintain its FY24 EPS and DPS in FY25, especially when there is still a $75m Govt grants+Forex gains in FY24 that is not going to recur in FY25.
 
YFH has a very huge $1813m in Cash Management not being productively deployed to higher returns investments as at end 2024 (Page 9 FY24 PowerPoint) and earning probably just 4~5% pa return. With so much idle cash on hand, why is YFH still raising even more cash from these new $260m equity injection that requires a high net ROE return of at least 11.15% ?
 
I look forward to receiving some enlightening answers from YFH management during the AGM.
 
Thank you.
 
--------xxxxxx------
 
Your questions have been well received. The management will address them during the AGM.
 
Thank you.
 
Best Regards,
 
Vicki Zhou (Zhou Yan) 
Consultant (Singapore) 
Logo
Sino-Lion Communications Pte Ltd
9 Raffles Place, #29-03, Republic Plaza
 

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pkli899
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07-Apr-2025 13:22     
 
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 Alert Admin 		Your point is valid, volvo125.  yes
Hope the company think likewise.

volvo125      ( Date: 07-Apr-2025 11:26) Posted:

Let's see if YFH will restart SBB today due to the severe deep crash. It just crossed my mind that the coy is implementing script dividend and due to the full placement of all its treasury shares, it will need to issue new shares to fund the exercise. The FY24 dividend is ~$152m which the coy has the intention to retain this money in its balance sheet for future investment. With this sudden mkt crash, the coy can issue up to ~217m, or more, new shares (say at the current price 0.70, or lower if price not supported due to wide spread mkt fear), or the coy can commence SBB again to acquire part of the 217m shares needed for script dividend payment, plus providing an orderly support for the share price to cushion the irrational knee-jerk selldown.
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vicloo
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07-Apr-2025 12:51     
 
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 Alert Admin 		I doubt so, you can trying short sell if you think it will drop.

stonkmaster      ( Date: 07-Apr-2025 12:25) Posted:

Can crash back to 30 cents?

vicloo      ( Date: 07-Apr-2025 11:46) Posted:

Now is broad based selling, SBB should rush in now, perhaps around 430pm
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stonkmaster
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07-Apr-2025 12:25     
 
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 Alert Admin 		Can crash back to 30 cents?

vicloo      ( Date: 07-Apr-2025 11:46) Posted:

Now is broad based selling, SBB should rush in now, perhaps around 430pm

volvo125      ( Date: 07-Apr-2025 11:26) Posted:

Let's see if YFH will restart SBB today due to the severe deep crash. It just crossed my mind that the coy is implementing script dividend and due to the full placement of all its treasury shares, it will need to issue new shares to fund the exercise. The FY24 dividend is ~$152m which the coy has the intention to retain this money in its balance sheet for future investment. With this sudden mkt crash, the coy can issue up to ~217m, or more, new shares (say at the current price 0.70, or lower if price not supported due to wide spread mkt fear), or the coy can commence SBB again to acquire part of the 217m shares needed for script dividend payment, plus providing an orderly support for the share price to cushion the irrational knee-jerk selldown.
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vicloo
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07-Apr-2025 11:46     
 
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 Alert Admin 		Now is broad based selling, SBB should rush in now, perhaps around 430pm

volvo125      ( Date: 07-Apr-2025 11:26) Posted:

Let's see if YFH will restart SBB today due to the severe deep crash. It just crossed my mind that the coy is implementing script dividend and due to the full placement of all its treasury shares, it will need to issue new shares to fund the exercise. The FY24 dividend is ~$152m which the coy has the intention to retain this money in its balance sheet for future investment. With this sudden mkt crash, the coy can issue up to ~217m, or more, new shares (say at the current price 0.70, or lower if price not supported due to wide spread mkt fear), or the coy can commence SBB again to acquire part of the 217m shares needed for script dividend payment, plus providing an orderly support for the share price to cushion the irrational knee-jerk selldown.
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volvo125
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07-Apr-2025 11:26     
 
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 Alert Admin 		Let's see if YFH will restart SBB today due to the severe deep crash. It just crossed my mind that the coy is implementing script dividend and due to the full placement of all its treasury shares, it will need to issue new shares to fund the exercise. The FY24 dividend is ~$152m which the coy has the intention to retain this money in its balance sheet for future investment. With this sudden mkt crash, the coy can issue up to ~217m, or more, new shares (say at the current price 0.70, or lower if price not supported due to wide spread mkt fear), or the coy can commence SBB again to acquire part of the 217m shares needed for script dividend payment, plus providing an orderly support for the share price to cushion the irrational knee-jerk selldown.
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pasttime
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06-Apr-2025 21:48     
 
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Yells: "gold silver are real money. not others iou."
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 Alert Admin 		bear bear here is good. let them have some honey first. later we roast their honey coated paws.
yummy.
fed project 2 cuts this year. market project 4 cuts after trump induced catastrophy.
$100 at 4.5% get $4.5 interest.  if 2 cut the principle become $112 to get $4.5
if 4 cut?  wow.  the $1b+ principle will become?  yzjfh is not alone playing this cash management likely win event on interest rate down cycle.    looks like win interest, win capital.
the return is like 12% + interest received.
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tch77_pt75
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06-Apr-2025 20:01     
 
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 Alert Admin 		With the tariffs, the bears are back 🐻
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finjungle
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05-Apr-2025 13:30     
 
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 Alert Admin 		yesyesyes  lets dream the DREAM

vicloo      ( Date: 05-Apr-2025 12:54) Posted:

Latest target price is 1.8 to 2

tonylim      ( Date: 05-Apr-2025 11:22) Posted:

Target price is reported to be 66 cents
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vicloo
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05-Apr-2025 12:54     
 
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 Alert Admin 		Latest target price is 1.8 to 2

tonylim      ( Date: 05-Apr-2025 11:22) Posted:

Target price is reported to be 66 cents

kye_lin      ( Date: 04-Apr-2025 11:45) Posted:

0.75 support holding....
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tonylim
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05-Apr-2025 11:22     
 
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 Alert Admin 		Target price is reported to be 66 cents

kye_lin      ( Date: 04-Apr-2025 11:45) Posted:

0.75 support holding....
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