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YZJ Shipbldg SGD
Last:3.54
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earlybird14
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17-Aug-2015 17:15
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Bro, move closer to your 1.1/1.15. Do you think serious investors will come? No 1 dollar, no cover, market is too bad. 
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j.master
Member |
12-Aug-2015 21:38
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It will drop until 0.90 cross 1.00 probably. | ||||
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earlybird14
Supreme |
12-Aug-2015 15:43
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Market is crashing. never say never. Back to 50cent is also possible in 2 years time.
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FATABA
Supreme |
12-Aug-2015 15:40
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I still see $1 target by JPM as very tough this year. At 1.10/1.15,  I believe YZJ will invite a lot of serious investor. Anyway time will tell. Not vested yet.
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earlybird14
Supreme |
12-Aug-2015 12:48
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Say hello to 1.2. 1 dollar? on the way. 1.5 to 1.2 is difficult but 1.2 to 1 is much easier to reach.
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earlybird14
Supreme |
12-Aug-2015 12:05
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1.2 coming
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lifeisgood
Supreme |
06-Aug-2015 12:26
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I dont know whats the usage level for CFDs shorts. But based on the daily SGX marking of short sell, YZJ typically invite 1.5 - 5 million intraday short sells daily. These are usually covered back same day if I am not mistaken. 
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earlybird14
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06-Aug-2015 12:18
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For short to do what? cover? or bring down further? short normally use cfd which has longer holding power than contra player.
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lifeisgood
Supreme |
06-Aug-2015 12:04
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Thats a likely scenario. I was just referring to it for today. I think not enough time for the shorts. 
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earlybird14
Supreme |
06-Aug-2015 12:01
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I have different view as you. I don' t expect it will be down further later on, but I expect it down further in next week, so long as the price don' t cross 1.255, i don' t see any reverse trend so far.    
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lifeisgood
Supreme |
06-Aug-2015 11:49
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Today almost half day, and volume is only 15 mio shares. To bring it down, volume has to be substantially higher, or else, not enough time to cover back (for those intraday shorts). And you have a long weekend if short positions are left open. 
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earlybird14
Supreme |
06-Aug-2015 11:45
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Yzj is in the sgx blue chips waiting list, so cfd margin is 10% which is same as blue chips. 2.75% is a sharp drop for blue chips.
So I don't know what u mean of cAnnot bring it down. In fact, it is down a lot.
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lifeisgood
Supreme |
06-Aug-2015 11:36
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I am not vested in YZJ, long or short. But today is the day before long National Day weekend, so the shorts may not succeed in bringing it down today. But over the mid to long term, I think the trend is still down.  |
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lifeisgood
Supreme |
06-Aug-2015 11:31
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But generally, in a weak market, in the same sector, very hard to be an outlier. Even Sembmarine and Kep O& M saw their margins drop.  
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earlybird14
Supreme |
06-Aug-2015 11:27
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May be more on shipping rather than offshore. But shipping vessels profit are very thin, so still very fishy.
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lifeisgood
Supreme |
06-Aug-2015 11:21
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YZJ just said it is getting out of the financial services. So the fat profits from shadow banking is going to be history. Going forward, can it only rely on shipbuilding? What kind of special shipyards it runs? So profitable? No cancellation? Cannot fathom. Beats me.
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earlybird14
Supreme |
06-Aug-2015 11:10
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bro, same thinking, so i shorted since 1.50. Very fishy. Shipbuilding is not rocket science, cannot be so different.  Waiting for 1 dollars.
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lifeisgood
Supreme |
06-Aug-2015 10:54
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I just dont believe that YZJ can make profits while the bigger yards like Rongsheng are losing money and bleeding to hell.  |
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fernvale
Master |
06-Aug-2015 10:44
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Overvalue counter amidst current market conds | ||||
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earlybird14
Supreme |
06-Aug-2015 10:42
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Hi. 1.24.
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