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YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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Oldbird
Master |
02-Jun-2014 11:39
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风 浪 已 起 , 但 这 首 船 沉 不 了 !
This episode will only be over until confirmation from stock exchange of SZ that no case can be put up against Ren. if yes, then YZJ stock price will be under pressured as and when.
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jj7007
Veteran |
02-Jun-2014 11:20
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Not many ppl will admit, but even if they buy at $1.005 they are still holding onto a loss based on their average price. So they are thinking sell with small loss or not? Or take profit from the contra trade? I still believe the downside bias is strong, and this is a chance for them to push up the price slightly to sell and trap more ppl. hindsight is always accurate. But to me Buy at 1.005 and sell at 1.05 for a 4k profit is not worth my peace of mind. I see this more as a opportunity to take a short position. But this is just me, and I am very prone to be wrong hahaha. In short, whether u are bull or bear in this counter, just use common sense and trading logic to have ur cuts losses and plan B in place.
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Demostation
Supreme |
02-Jun-2014 11:06
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Latest tomorrow it should go back above $1.10. Took profits for my longs, and now ready to start buying again. |
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phil1314
Senior |
02-Jun-2014 10:33
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Really must thank those bloggers who wanted to see blood and sold short but there was nothing wrong with the company and rumour was merely a civil legal suit directed against the Chairman with no further court actions yet.
Today those who bought can sell to make some money. As there is no legal suit directed against company it's value should be intact. The company, in my opinion, is always a good take over target if the Chairman has to sell his stake.
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NL0261
Senior |
02-Jun-2014 10:12
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没 风 不 会 有 浪 for those who hav went in n make some profit, congrats. trade wif cautious, u nvr noe | ||||
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wait4opp
Master |
02-Jun-2014 09:57
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Yangzijiang Shipbuilding (YZJ) is our selection of the day. From a chartist standpoint, the stock' s outlook becomes extremly bearish after the price slumped more than 10% on Friday, breaking the support of both 20-day and 50-day moving averages and also the support of its ST rising trend line. Meanwhile, the daily RSI indicator also slumped below its support a rea at 50% and even broke down its 30 level, posting no signal of recovery. In these perspectives, as long as the resistance at 1.13 is not surpassed, the risk of break below 0.97 remians high. |
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Ronron
Member |
02-Jun-2014 09:52
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Looks like we know who is right. Let your money do the talking. Bought first thing in the morning. Very sad that the doomsayers didn't sell down to 0.9. It's behaviour is just like hankore. Looks like lots of people think it's a steal and no one is listening to the doomsayers. | ||||
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FATABA
Supreme |
02-Jun-2014 09:51
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The debate will go on for some time....but some facts are stil very important... 1. YZJ is profitable and continue to give good dividend. ( not  fare to compare with other recent issues on other chinese companies...as each are diff.) 2. The allegations are very serious but openly known to be coming from a member of the inside company which MR Ren wants to take over. ( so it is a boardroom issue ...which the court will decide) 3. YZJ Mr Ren is already openly known to be hand over his duties in 2/3 years time, the transition is in place. 4. The company has orders ON HAND and can last ( in the worst case ) for sometime if this court case goes on 5. Lastly ..going to fundamental ...it has a BVPS of 0.9653 ( you tell me Mr Ren would not be supporting YZJ would be very funny) 6. Further stock holders who has bro this stock above current price and has enjoyed past dividend should still be holding... U make your own decision on this counter ...: ))    
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BMW320
Member |
02-Jun-2014 09:46
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Fully AGREED. Opportunity dun always come knocking on your door. Sieze the opportunties and move on. Market is always there for you. Thanks for sharing with me your experience. Appreicated.
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GuavaXF30
Elite |
02-Jun-2014 09:40
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Congrats to you but advice caution still. After dropping so much in one afternoon, some retracement should be normal. Nothing wrong with the company I feel but still, it' s a matter of who are buying and how much they are willing to pay. Price premium may be restricted.
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GorgeousOng
Supreme |
02-Jun-2014 09:35
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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BMW320
Member |
02-Jun-2014 09:33
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Skeptical , Procastination again bring you no where. You need speed, courage and decisivieness to brings your $$$. Case study here -   Look at YZJ. $1.01 to $1.05. 100 lots. 4k?? over the weekend? How about that?
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Speeder
Member |
02-Jun-2014 09:27
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Load or unload?
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BMW320
Member |
02-Jun-2014 09:26
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Bro, i can' t believe you are still painting your own story about the developing of YZJ. Why still speculating? Why not just focus on making $$ and move on. Few Ks in my pocket already and you are still painting your own story?? You people are really funny. 
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ronleech
Elite |
02-Jun-2014 09:20
Yells: "Believe in yourself. Ride with the waves......" |
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Is it a die cat jump situation? Will see after 10am.... |
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hem2998
Veteran |
02-Jun-2014 09:18
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congrats to all those who long last week at $1-1.02 i' m just gonna watch the show from sidelines. |
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Oldbird
Master |
02-Jun-2014 09:17
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YZJ fundamentaly does not change with this incident. The company should continue to run well with or without Ren. Share price might set back for a while and will recover back sooner or later to reflect it value.
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matrixxx
Senior |
02-Jun-2014 08:54
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It's time to unload.
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edwinjup
Supreme |
02-Jun-2014 08:52
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Look like matching around $1.02...
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WanSiTong
Supreme |
02-Jun-2014 08:35
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Published June 02, 2014
 
Allegations ' mischievous' : Yangzijiang' s Ren
Claims of misdeeds meant to damage him, adds chairman
 
[SINGAPORE] Yangzijiang Shipbuilding' s controlling shareholder and executive chairman Ren Yuanlin has shot back at allegations of misdeeds levelled against him by a China-listed railway company, saying that these are " mischievous" and calculated to damage him. Yangzijiang disclosed yesterday that Mr Ren has personally reassured the firm of this, and said he took a serious view of the allegations by Tianjin Guoheng Railway Holding against him and his investment vehicle Taixing City Liyuan Investment (Liyuan Investment). A news report on the allegations against Yangzijiang' s key executive caused the shares of the listed Chinese shipbuilder here to tumble 11 per cent last Friday, prompting a trading activity query from the Singapore Exchange. Yangzijiang, in its response yesterday, said Mr Ren clarified that the allegations arose following Liyuan Investment' s attempt to reconstitute the board of Tianjin Guoheng - a firm listed on Shenzhen Stock Exchange - after it acquired a 12.08 per cent stake in the company in January and emerged as its largest shareholder. In May, Liyuan Investment approached the railway company' s incumbent board of directors to convene a general shareholder meeting for the board changes including the appointment of nominees of Liyuan Investment. " The incumbent board of directors, however, unreasonably resisted Liyuan Investment' s legitimate approach, and shortly thereafter, on May 26, 2014 alleged misdeeds against Liyuan Investment and Mr Ren," said Yangzijiang. Based on Mr Ren' s account of the events, Yangzijiang said that two days later Liyuan Investment " confidentially submitted its responses and rebuttals to these allegations" to the Shenzhen Stock Exchange. Mr Ren has also personally assured Yangzijiang and its board that the " allegations and its publicity are mischievous, and calculated to damage him and thwart Liyuan Investment' s corporate objectives in relation to Tianjin Guoheng. " He (Mr Ren) will not be deterred from pursuing Liyuan Investment' s lawful interest as the largest shareholder of Tianjin Guoheng," the company added. Furthermore, Yangzijiang said that Mr Ren took a very serious view of such allegations and conduct and will explore all remedies available against the " perpetrators" while consulting with his advisers. Mr Ren, who had earlier in the year indicated that he may retire from his chairmanship in the shipbuilding firm in three years, owns a 26 per cent stake in Yangzijiang via Newyard Worldwide. Yangzijiang stressed that no allegations have been made against the firm or its subsidiaries. In a separate announcement, the mainboard-listed company said its wholly-owned Jiangsu New Yangzi Shipbuilding has delivered its maiden 64,000 DWT (deadweight tonne) bulk carrier and second 10,000 TEU containership.   |
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