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YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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Azzaramich
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04-Feb-2014 13:12
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Back to my cost, 0.99 | ||||
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dc16888
Master |
04-Feb-2014 12:05
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reaching 200ma 1.04, hope this can support the falling knife. cheers | ||||
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dc16888
Master |
04-Feb-2014 12:03
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double top break down | ||||
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moneycow
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04-Feb-2014 11:13
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Will this issue haunt the market for a second time...................... really no choice but to say WTF.........while suddenly.......... Emergeing market currency turmoil.china growth shrink.US job data decline...... Middle east conflicts................Debt raising fight in USA....coming.......maybe Republican going to turn its back against Democrat one more time untill the last day............ with all those issues and more facing the market.how to .............be bullish................ ===== " Time is short" for Congress to raise debt limit, says US Treasury chiefUS Treasury Secretary Jacob Lew warned on Monday that the United States will exhaust its borrowing authority on Friday without action by Congress to lift the debt limit. |
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ascend88
Master |
04-Feb-2014 11:04
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wow...1.11 now.....
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moneycow
Elite |
04-Feb-2014 11:00
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1.10 :( | ||||
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moneycow
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04-Feb-2014 10:32
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DOW will drag down already low price of Asian stocks further......... Another round of US debt raising in fighting between white house and republican..............deli daley............like the US GOC closure .. Dust can't settle as fast as it could...when its about to ............bad news clouds the airwaves.........how investers going to pump money in and buy up now ? http://www.channelnewsasia.com/news/business |
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moneycow
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04-Feb-2014 10:21
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If sell now ..............can buy back lower later ? | ||||
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moneycow
Elite |
04-Feb-2014 10:20
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IT was at one stage so positive....................................just less than 10 days back...........now it keep falling everyday like the rest.....2 - 3 cents fall......fall untill paper gain become lost already.......... hopefully it had bottomed. BUT DOW .............why fell so much......... only during Lehman brother time than one day fall over 300 pts........... Can only Hope things would turn out ok. BUT why Asian Finance ministers are not having emergency meetings............to try to clam the market ? Just pondering........... |
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sgfreestyler
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04-Feb-2014 07:49
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Ya man. seeing my paper profit reduce since it reach 1.24. Cant take it anymore so better sell. seeing DJ -326. I have the right move. profit will reduce more today is not sold ytd. Can move fund to Blue chips, they look more and more attractive now SembM or OCBC .. Hmmmmmm |
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moneycow
Elite |
04-Feb-2014 01:37
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DOW is very red- minus 200+ Don't know why...like that.but tomorrow open again 2 cents down................like past days.................sad..... Congrats for taking profits............smart move....... greed mean always thing wants more - later become no more...............:( Anyway - cheers. Long term should be still good............just heart pain seeing paper profits fly off.in air.................................. |
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beginners
Veteran |
03-Feb-2014 23:48
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You are right bro! Money in the pocket is much better:)
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sgfreestyler
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03-Feb-2014 23:43
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Market isnt good lately. Sold mine today. earn some kopi money first. |
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moneycow
Elite |
03-Feb-2014 12:19
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1.22-1.24 always have been a huge resistance so far......... Can hit a number of time............... up to 1.24 and after that its always falling back much lower................. Current Asia sentiment not so good especially China's economic growth data.declining.............. and also it doesn't help when USA tapering issue.....begin this month....... Emerging market decline............BUT Europe getting out from its huge debts that was another recent past night mares for punters............ The stock market have lots of unpredictability. One waves after another.............................. Maybe its good to take intermittent profits or else its always see paper profits come and go while others laugh their way to the bank. Those just watch and don't grad are always licking wounds.paper profits are not real profits until the shares are sold and the money is transferred to the bank by CDP......... Its been like 5 to 6 times since last year that ................up up than down..just watch..........to make real money on the stock market I guess there must be active monitoration and action to take profits other than holding and hoping.......what is happening is real and whats we hope or perceived or wish is a mystery until they unfold like now and past week. Keep falling........profits come and gone...... than its always that thought of " What if" I have sold...and now is waiting from outside looking in and waiting for opportunity instead of holding on to paper gain becomes looses. Lesson never learnt - perhaps its due to stubbornness plus greed. Stocks market is a highly vulnerable place.looks easy but full of danger lurking................... I am sure some came on board recently from hearing how their friends made some good $$ due to the recently good market and were anticipate to be still good and money is there to make...... than when someone came on- market go north - every day since....despite on some days DOW was green yet STI is red hot not following the crowd....only when others becomes red it will follow without failing......... its never a hero and most time are zeroes. |
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sgfreestyler
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29-Jan-2014 10:57
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when will the report be out?
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ascend88
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29-Jan-2014 01:06
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Can't wait for the full yr report and the fat dividend too.. It's good timing to get onboard ... Great cny sale going on at STI | ||||
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darkknight
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28-Jan-2014 22:25
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Winning more offshore orders is good news. Being a new player in the market, am wondering if this is acquiring contract at steep discount and the project might not be that profitable despite its $2B value. Nonetheless one step in the right direction.
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moneycow
Elite |
28-Jan-2014 18:57
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Noted - Thanks :). I see your point.
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moneycow
Elite |
28-Jan-2014 18:55
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Just a correction that I quoted the wrong figure. Maybe not a 20% discount for added on options on additional ship ordered. The fact is, shippers get very good deal which is much cheaper than market rate for buying new ships. Its due to this options built into the contract already signed. YJG have no choice but to oblige new orders related to optional add on order should shipper wants to. YJG ac cording to its chairman is trying to ask customers to " pay more" if they wants their order to be delivered earlier :) Thats the only way, YZJ can get make up profits. BUT I guess thats internal and not announced. BUT quite puzzling is, despite rumors of new orders win, or new add on was activated by clients, there was no formal announcement made via SGX which is a requirement. Waiting. for the $2 BILLIONS dollar worth of projected revenues from concluded contracts. New or activation of option for additional orders from existing clients. Its quite a bumper time compare to many hundreds if not thousands of shipyards getting no contract for a long time and closing. The best thing that can happen might mergers. Or YZJ could sub contract out..............all wait to be seen or hear from the chairman's annual report. :)
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moneycow
Elite |
28-Jan-2014 18:45
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Need to know that WHY this companies exercise their options. Its because it have 20% discount on top of market rate. That means YZJ in outlook , as if, and it is an addition contract . BUT in essence, due to material cost, the profit margin is thin. The chairman said, they regret offering too much options to add clause in those contract signed. The shippers knows they have a good deal with hefty big discount of followup add on orders. Upfront it looks like, contracts after contracts. BUT in essence, every job completed is collecting lesser in MILLIONS :) Overall, got job is seen as good as other shiptard having glut time, no contract wins. On other hand , there are capacity limitation. Due to already active on going contract, very little capacity of work space/yard and limitation of skilled manpower to produced the ordered ships. If someone do read what the chairman said, " regret signing too many contract with adding options" . BUT nevertheless, its still positive to get projects after projects that would filled them up till another 2-3 years assured profitability. The chairman may have headaches, as , if add more space by expanding yard, if in mid term future no lesser orders than they would have large empty yards that doesn't yield $ wasting spaces............. BUT the good thing about YZJ is,m they are exploring other profits and business opportunity and trying to move a way from the current, main source of income from Building ships/rigs. They are into financing , loans etc etc....... Overall, its a good company. Bad market doesn't shake it as badly as others. It shows stability. Noticed only on a day with small volume, little drop due to bad market Profits taking. When the current dust is settled, it will regain its charged forward. Do your own DD. :) Just share some thoughts aloud. Cheers. |
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