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Cruising with the ship ..Yangzijiang Post Reply Rate topic
FATABA Supreme	06-Aug-2015 10:39        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	overall market is weak and especially inside CHIna.  However, Chinese governement will do something to get that 7% growth or they will lost face> I have expect head winds on YZJ ....and are awaiting patiently for it to come closer to the 1.10 level . As for JPM $1 ( I dont know when ) .  I do appreciate Early bird view but Feb 2016....still far off. Certainly by then and if in between YZJ did test 1.10 then many would have buy and await the year end dividend of 0.05 or 0.055 YZJ has cash and is profitable ( how profitable is another issue) ....Certainly offer value for investor  when aro 1.10 ( not talking abt trading ) ( book value 1.23 and PE 6.9 now ) Just my view FATABA      ( Date: 05-Aug-2015 09:52) Posted: In such economy condition and esp the shipping industry in CHina....YZJ result is realtively ok . Also with 500+M orders . Profitable and cash on hand. Some headwinds on the way is most likely but $1 from JPM perdiction is harder to digest....... Certainly many players will enter even at 1.10 anyway , time will tell earlybird14      ( Date: 05-Aug-2015 09:28) Posted: Be prepared for 1 dollar.
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lifeisgood Supreme	06-Aug-2015 10:32        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	Alamak, really breaking down. No eyes see.
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lifeisgood Supreme	06-Aug-2015 10:06        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	Recently YZJ is selling assets, I think it is to help cover some holes. Maybe very big ones if many Chinese shares stay suspended.
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lifeisgood Supreme	06-Aug-2015 09:58        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	YZJ chart is at breaking down level currently. Is YZJ involved in share margin lending? Thats where it derives its profit? From shadow banking activities? Shipbuilding cant be that profitable.  If YZJ is indeed involved in share margin lending, then it is probably very stuck now. With so many stocks halted in China earlybird14      ( Date: 06-Aug-2015 09:09) Posted: hope to see 1.25 today. Then, 1.2 next week.
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earlybird14 Supreme	06-Aug-2015 09:09        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	hope to see 1.25 today. Then, 1.2 next week.
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earlybird14 Supreme	06-Aug-2015 06:18        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Keys are. 1) China s-chip, confidence level is low. This is fact, otherwise with dividend and P/E ratio in sgx, this is not the a 1.27 2) margin start dropping in past few quarter, this quarter accelerate which reflect the situation in the market, good order is gone, what left over order is low margin and sign for surviving, this time saved by high revenue, next quarter, revenue and margin drop, accelerate the downside, 1 dollar by feb 2016 is reasonable. 3) China stock market is no more hot, external issue cut off. 4) industry recover? Wait long long, absolutely not 2015 and 2016. 2017? Why think about so long since it will hit 1 dollar before that, if really recover, I may join to buy but not now. Good luck to holders frozentouch      ( Date: 05-Aug-2015 22:54) Posted: Everyone has their own views. Some who are on long term don' t mind the short term drop in price, especially if the dividend payout can be supported with the company' s fundamentals which I believe is very positive. Shipbuilding is a cyclical industry and it is true it is not in a good shape now. Granted, the shares of most if not all shipbuilding companies are not in the ascension trend. The key-point is this - on the company level, is YZJ faring better than its competitors? I am sure the results speaks for itself. Just read about COSCO, chinese  or even the korean yards, are they in better position than YZJ?  I dare say no, much worse in fact. To those who are for long term (i.e. not shortist, traders), they will see who are the strongest among the competition and place their money with these companies. When the shipbuilding industry recovers, it will be those who place the correct investments in the best companies in that industry that will prosper. To each his own. Ultimately, we are not here to make a point, we are here to make $.
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frozentouch Member	05-Aug-2015 22:54        frozentouch About Contact  Quote this Post!
x 0   x 0  Alert Admin	Everyone has their own views. Some who are on long term don' t mind the short term drop in price, especially if the dividend payout can be supported with the company' s fundamentals which I believe is very positive. Shipbuilding is a cyclical industry and it is true it is not in a good shape now. Granted, the shares of most if not all shipbuilding companies are not in the ascension trend. The key-point is this - on the company level, is YZJ faring better than its competitors? I am sure the results speaks for itself. Just read about COSCO, chinese  or even the korean yards, are they in better position than YZJ?  I dare say no, much worse in fact. To those who are for long term (i.e. not shortist, traders), they will see who are the strongest among the competition and place their money with these companies. When the shipbuilding industry recovers, it will be those who place the correct investments in the best companies in that industry that will prosper. To each his own. Ultimately, we are not here to make a point, we are here to make $.
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Observers Elite	05-Aug-2015 19:17        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	If you can read chinese, this recent news article talks about one china shipbuilder taking over another but ultimately failed. Good to know Chairman Ren is extremely cautious when it comes to Rongsheng. http://finance.sina.com.cn/chanjing/gsnews/20150804/155622873976.shtml
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Yangsogood Senior	05-Aug-2015 19:10        Yangsogood About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yangsogood      ( Date: 05-Aug-2015 19:03) Posted: If price had taught you anything u won' t be wasting your  words here. By the way, shouldn' t you be more joyful..seems  the current market  is singing  your down down tune earlybird14      ( Date: 05-Aug-2015 18:33) Posted: I am telling you fact, u say mean nothing. Price will teach u a lesson
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Yangsogood Senior	05-Aug-2015 19:03        Yangsogood About Contact  Quote this Post!
x 0   x 0  Alert Admin	If price had taught you anything u won' t be wasting your  words here. By the way, shouldn' t you be more joyful..seems  the current market  is singing  your down down tune earlybird14      ( Date: 05-Aug-2015 18:33) Posted: I am telling you fact, u say mean nothing. Price will teach u a lesson. Yangsogood      ( Date: 05-Aug-2015 17:59) Posted: For sure 1. The one billion profit is not paper money 2. The last five years it has been around while some yards have folded 3. The nice song is reiterated by OCBC in line with expectation Guess what, 5  years ago...mean nothing now although Greece...would love to be  back there
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Observers Elite	05-Aug-2015 18:55        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think I should also clarify that its not an inducement to buy or sell YZJ, and that my entry price is below a dollar. DYODD. Observers      ( Date: 05-Aug-2015 18:47) Posted: I think markets are always forward looking. If Rongsheng is allowed to fold, it would take a huge chunk of ship building capacity off the market. And if CSSC is forced to absorb sinking Rongsheng, YZJ would have a lesser competitor who would be too busy restructuring its sprawling business. Seems like a win-win for YZJ. Anyway, I' m not a trader, I only take positions from a long term perspective. That said, imho, I believe SGX s-chips' short to medium term movements are closely tied to President Xi. earlybird14      ( Date: 05-Aug-2015 17:31) Posted: Let' s see. As said before, YZJ result in past 5 years were much better than 2015, dividend payment is constant at 5 to 5.5cents but price range was 80 to 1.25.  But when result getting worse and the industry become worse and worse, YZJ price went up and somebody sing the nice song and expect much from 1.50.  Now 1.27 still want to sing the nice song? Target in 2015, below 1 dollar by Feb 2016. Challenge reinstated with sombody in this thread before.
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Observers Elite	05-Aug-2015 18:47        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think markets are always forward looking. If Rongsheng is allowed to fold, it would take a huge chunk of ship building capacity off the market. And if CSSC is forced to absorb sinking Rongsheng, YZJ would have a lesser competitor who would be too busy restructuring its sprawling business. Seems like a win-win for YZJ. Anyway, I' m not a trader, I only take positions from a long term perspective. That said, imho, I believe SGX s-chips' short to medium term movements are closely tied to President Xi. earlybird14      ( Date: 05-Aug-2015 17:31) Posted: Let' s see. As said before, YZJ result in past 5 years were much better than 2015, dividend payment is constant at 5 to 5.5cents but price range was 80 to 1.25.  But when result getting worse and the industry become worse and worse, YZJ price went up and somebody sing the nice song and expect much from 1.50.  Now 1.27 still want to sing the nice song? Target in 2015, below 1 dollar by Feb 2016. Challenge reinstated with sombody in this thread before.   Observers      ( Date: 05-Aug-2015 10:28) Posted: Many many moons ago, at one of his AGMs, Chairman Ren once said, he don' t want to be the biggest, he wants to be the best and the most profitable.
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earlybird14 Supreme	05-Aug-2015 18:33        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I am telling you fact, u say mean nothing. Price will teach u a lesson. Yangsogood      ( Date: 05-Aug-2015 17:59) Posted: For sure 1. The one billion profit is not paper money 2. The last five years it has been around while some yards have folded 3. The nice song is reiterated by OCBC in line with expectation Guess what, 5  years ago...mean nothing now although Greece...would love to be  back there
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Yangsogood Senior	05-Aug-2015 17:59        Yangsogood About Contact  Quote this Post!
x 0   x 0  Alert Admin	For sure 1. The one billion profit is not paper money 2. The last five years it has been around while some yards have folded 3. The nice song is reiterated by OCBC in line with expectation Guess what, 5  years ago...mean nothing now although Greece...would love to be  back there
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earlybird14 Supreme	05-Aug-2015 17:31        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Let' s see. As said before, YZJ result in past 5 years were much better than 2015, dividend payment is constant at 5 to 5.5cents but price range was 80 to 1.25.  But when result getting worse and the industry become worse and worse, YZJ price went up and somebody sing the nice song and expect much from 1.50.  Now 1.27 still want to sing the nice song? Target in 2015, below 1 dollar by Feb 2016. Challenge reinstated with sombody in this thread before.   Observers      ( Date: 05-Aug-2015 10:28) Posted: Many many moons ago, at one of his AGMs, Chairman Ren once said, he don' t want to be the biggest, he wants to be the best and the most profitable. earlybird14      ( Date: 05-Aug-2015 10:16) Posted: I don' t believe shipyards can be so profitable. Shipbuilding is not rocket science, cannot be the biggest Rongcheng went BK, 2nd biggest Cosco struggling, YJZ earn big money, there is not logic at all.
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Yangsogood Senior	05-Aug-2015 16:40        Yangsogood About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for the  smart news which shows the good old  Chinese logic working well in  Yangzi managing style granto      ( Date: 05-Aug-2015 16:22) Posted: This is the story that everyone seemed to miss... Yangzijiang distances itself from Rongsheng:  http://splash247.com/yangzijiang-distances-itself-from-rongsheng/
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granto Master	05-Aug-2015 16:22        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is the story that everyone seemed to miss... Yangzijiang distances itself from Rongsheng:  http://splash247.com/yangzijiang-distances-itself-from-rongsheng/
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Yangsogood Senior	05-Aug-2015 15:41        Yangsogood About Contact  Quote this Post!
x 0   x 0  Alert Admin	YANGZIJIANG Shipbuilding reported that its net profit for the second quarter ended June 30, 2015 fell 17 per cent to about 1 billion yuan compared to a year ago without the benefit of a tax credit. In Q2 2015, the shipping group incurred a net tax expense of 310.2 million yuan instead of a net tax credit of RMB85.3 million yuan seen a year ago. Revenue increased 34 per cent to 5.7 billion yuan. Shipbuilding-related businesses remained the core revenue driver, contributing about 5.2 billion yuan, or 91.6 per cent to total revenue. The group delivered 11 vessels in Q2, compared to the 9 vessels delivered a year ago. Held-to-maturity (HTM) and micro finance business under investment segment contributed 7.8 per cent and 0.6 per cent of the total revenue, respectively. Yangzijiang recorded other gains of 412 million yuan in Q2 2015 compared to other losses of 29.8 million yuan a year ago, mainly due to the 157 million yuan gain on the disposal of financial assets available-for-sale, higher foreign exchange related gains of 155 million yuan and governmental subsidy of 124 million yuan received during the quarter. Business Times 5 Aug. 2015
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Yangsogood Senior	05-Aug-2015 11:19        Yangsogood About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yangzijiang Shipbuilding (YZJ) reported a 34% YoY rise in revenue to RMB5.7b but saw a 17% decline in PATMI to RMB1.0b, due to a lower gross profit margin of 15% vs. 24% in 2Q14 for the shipbuilding business 2Q14 was also boosted by a one-off tax refund of RMB349m to the new Jiangsu yard. Excluding one-off items, 1H15 core net profit accounted for 51% of our full year estimates, in line with expectations. Meanwhile, investments in HTM financial assets decreased to RMB10.8b as at end 2Q15 compared to RMB11.7b in 1Q15. The group also secured new shipbuilding contracts in Jul and Aug worth US$510m, adding to its outstanding order book of US$4.14b as at end 2Q15. Pending an analyst briefing, we maintain our BUY rating but put our fair value estimate of S$1.54 under review. Source: OCBC Research - 5 Aug 2015
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Yangsogood Senior	05-Aug-2015 10:53        Yangsogood About Contact  Quote this Post!
x 0   x 0  Alert Admin	My apologies to Observer for scooping your posting in the haste to reply   " The newspapers shout a new style is growing, but it don' t know if it' s coming or going,..................." S. Bassey
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