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YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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SuperLuckyCorn
Supreme |
23-Sep-2016 10:13
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Looks good. ^_^
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vivacious
Supreme |
23-Sep-2016 09:50
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if div maintains at 4.5c...yield is more than 6%.
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halleluyah
Supreme |
23-Sep-2016 09:49
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Its abt 3yrs plus low....coy cash rich....profittable coy....expecting delivering of 8 vessels tis 2nd half... |
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vivacious
Supreme |
23-Sep-2016 09:35
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oversold!! |
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halleluyah
Supreme |
23-Sep-2016 09:28
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Hoot some...... |
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vivacious
Supreme |
22-Sep-2016 09:10
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Disposes stake in associate companyYangzijiang Shipbuilding (YZJ) announced on Tuesday that it has disposed its entire 20% interest in Jiangsu Hailan Marine Systems Technology, which deals with integrated marine electrical systems. The total consideration for this is RMB29.5m while NAV of the assets to be disposed of is just 0.13% of YZJ&rsquo s total NAV. Sells interest in PPL ShipyardPPL Holdings Pte Ltd (a JV company in which YZJ holds 45% effective equity interest) and EInterface Holdings (wholly owned subsidiary of PPL Holdings), also recently sold their 15% interest in PPL Shipyard Pte Ltd to Sembcorp Marine, which owns the balance 85% of PPL Shipyard. As the aggregate consideration for the disposal is US$115m (~S$155m), the consideration attributable to YZJ is US$51.8m (~S$70m). YZJ intends to use the net proceeds as part of its working capital. Disposal of real estate assetsRecall that the group also announced on 22 Jul that it had disposed its real estate development assets (50% equity interest in Jiangsu Huaxi Yangzi Real Estate Co, JHYRE) for RMB8.1m. JHYRE is involved in land development for the purpose of developing high end residential buildings on the group&rsquo s former shipyard land in Jiangyin city that was vacated during relocation. After this disposal, YZJ has no business exposure in the real estate sector. Streamlining its assetsAs seen by the recent moves, the group is streamlining its business. Management had previously mentioned its desire to leave the real estate business after its earlier foray into this area, and it is also no surprise that the group is giving up on rig building for now, given the poor industry outlook and the fact that its only newbuild jack-up rig is still idle in the Taicang yard after repeated delivery deferrals. Ever since our rating downgrade on 8 Aug, YZJ&rsquo s share price has lost about 11.4% of its value vs. the STI&rsquo s 2.3% rise. We update our RMB/SGD assumptions and our fair value estimate correspondingly drops from S$0.87 to S$0.81. MaintainHOLD. Source: OCBC Research - 8 Sept 2016 |
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vivacious
Supreme |
21-Sep-2016 15:15
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engine not warmed up yet. 75-80c in the next 2 weeks. |
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vivacious
Supreme |
21-Sep-2016 13:22
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got some at 72c.
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halleluyah
Supreme |
21-Sep-2016 11:52
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Jeep....dow future green n sti going to rebound.....cheers!!! |
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vivacious
Supreme |
21-Sep-2016 10:50
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did not catch it at 72c. Still holding 20 lots at 73.5c
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xuxuxu
Senior |
21-Sep-2016 10:42
Yells: "Flow With The Money" |
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725, I' m in for the ride... Daily chart playing out a inverted double top, collecting long after touching 720 |
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halleluyah
Supreme |
21-Sep-2016 10:07
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Come break 0,70.... |
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vivacious
Supreme |
21-Sep-2016 10:06
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alamak...gg down. Queue at 72c. |
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SuperLuckyCorn
Supreme |
20-Sep-2016 16:29
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Noted with thks. ^_^
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xuxuxu
Senior |
20-Sep-2016 12:05
Yells: "Flow With The Money" |
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wild guess, tml nite the fed will release rate news, so tml most likely will be more selling than buying during asia market, high chance rate will hold, then thur market will be a slight relief buying... might got a window to buy low tml mid noon.
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SuperLuckyCorn
Supreme |
20-Sep-2016 11:33
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oops...tomorrow?? initially, i thought they wan to pump up in the afternoon.
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xuxuxu
Senior |
20-Sep-2016 11:27
Yells: "Flow With The Money" |
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hold ur horses, tml got chance 720...
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vivacious
Supreme |
20-Sep-2016 09:48
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no one looking at this? Sold at 75c yday. Queing at 73.5c today |
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vivacious
Supreme |
16-Sep-2016 09:11
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jeeped some at 74c |
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Observers
Elite |
08-Sep-2016 08:37
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After Hanjin' s collapse, if Korean government doesn' t provide some sort of limited bailout, there might be further repercussions on unprofitable Korean Shipyards. Ship owners might think twice before ordering from them, what if creditors seize the deposits or ships? No such issue with YZJ with their super strong balance sheets and supportive China govt. |
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