| Latest Forum Topics / YZJ Maritime Last:0.61 -- |
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2020 MARRIED DEAL 6.2cents versus NOW PRICE 2.5cen
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Joelton
Supreme |
02-Apr-2026 07:52
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&lsquo No definitive decision&rsquo made for YZJ Maritime to pursue capital market activities in Hong Kong: CEO Yangzijiang Shipbuilding also says it has no plans for equity fundraising transactions outside Singapore [SINGAPORE] Ren Yuanlin, the executive chairman and CEO of mainboard-listed Yangzijiang Maritime : 8YZ +3.85%, clarified on Wednesday (Apr 1) that &ldquo no definitive decision&rdquo has been made for the company to pursue capital market activities in Hong Kong. Ren was responding to statements he had made in an interview with online shipping news publication Tradewinds, for an article published on Tuesday. Ren was reported to be exploring plans to list Yangzijiang Maritime and Yangzijiang Financial : YF8 +2% in Hong Kong, describing the Singapore stock market as &ldquo too small and moribund&rdquo . In a bourse filing on Wednesday, Yangzijiang Maritime noted that Ren had also &ldquo expressed concern and disappointment over the recent short-term share price performance of these companies&rdquo , including Yangzijiang Shipbuilding : BS6 +4.76%, &ldquo which he believes does not accurately reflect their intrinsic value&rdquo . Yangzijiang Maritime was spun off in November 2025 from Yangzijiang Financial&rsquo s maritime investment segment, which in turn had been spun off from Yangzijiang Shipbuilding in 2022. Ren is the group&rsquo s founder. In the bourse filing, Ren clarified his views on potential capital market activities in Hong Kong for the three Singapore Exchange (SGX)-listed companies, all of which he is a substantial shareholder in. Ren said that &ldquo no definitive decision has been made for Yangzijiang Maritime to pursue such initiatives at this time&rdquo , and that the company &ldquo remains firmly committed&rdquo to its SGX listing. Yangzijiang Maritime debuted on the SGX mainboard on Nov 18, 2025. The company&rsquo s lead independent director, Teh Wing Kwan, said that the audit committee and independent directors have not discussed or evaluated &ldquo any potential corporate plans for the company to list on any other internationally recognised exchanges&rdquo . There have not been any board discussions to support such decisions, he added. Ren also clarified that his comments on the Singapore stock market were made &ldquo in the context of a broader discussion on regional equity market dynamics&rdquo . He added that his remarks &ldquo were not intended to detract from the longstanding support that the company has received from the SGX and the broader Singapore capital markets community&rdquo . In a separate bourse filing on Wednesday, Yangzijiang Shipbuilding said that it has no plans to undertake equity fundraising transactions outside Singapore. It added that it has &ldquo no plans, proposals or discussions&rdquo relating to such transactions. Shares of Yangzijiang Maritime rose 3.8 per cent or S$0.02 to close at S$0.54 on Wednesday, before the bourse filings. Shares of Yangzijiang Financial rose 2 per cent or S$0.005 to S$0.255, and shares of Yangzijiang Shipbuilding gained 4.8 per cent or S$0.18 to end at S$3.96. |
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hokpin
Supreme |
01-Apr-2026 14:53
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Should be going up from here!
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HVRRVH
Elite |
01-Apr-2026 13:24
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Let' s hope it is option 2. Even though not all dual listings are successful, such as PC Partner, who has been dual listed but has now choose to only list in SGX. However, for YZJM/F, its China root with accessiblity through HKSE could close the valuation gap quickly, it should receive better valuation than in SGX. Today market reaction just prove that Ren is right. I think that to him, YZJM and YZJF are not those run of a mill companies that just want to get listed for whatever purpose. To him, the YZJ series are serious businesses that can make a lot of money for himself and shareholders. So far, I think he has proven it with YZJS, from sub $1 years back to now a steady $3+ $4 stock. It is in fact remarkable if someone simply invest big in YZJS since day 1, now the returns will be free YZJM and YZJF! Easily 500 to 600% returns if took a position in YZJS when it was sub $1. Nevertheless, there are people who complained not enough and unfairly abscribe S-chips label on YZJF and YZJM. Technically yes, YZJF and YZJM are S-chips since they are China stocks but S-chips have negative connotation as we all know, it refers to those Chinese stocks that simply cannot make it but somehow got listed in SGX. Today market pushed up the price after old Ren made noise. This alone already vindicate old Ren' s point that SGX is moribund and shallow in liquidity. No vibrancy, investors go after proven STI components blue chips only. Investors have no patience and appetite for growing companies like YZJF and YZJM and push down their valuation as if they deserve to be punished for listing in SGX. Having said so, I think at least in YZJF case, it is no surprise that the price has dropped. Afterall, no dividend and no profit after NPL provision. YZJF and YZJM can only emulate YZJS in term of share price if they start consistently produce results with EPS of at least $0.1 and DPS of $0.04. If this come to frution, then even remain primary listed in SGX only also can see share price of at least $1 each. 
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Hawkeye
Master |
01-Apr-2026 09:59
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SBB likely below 30cts, judging by the past experience of below 50% of NAV
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LoudShout
Master |
01-Apr-2026 09:31
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If it is price sensitive, they would disclose it in sgx announcement. This Co, basically lacks credibility.  They could do share buyback from the date the mandate approved till now, as there were no price sensitive information.  Call the Co as it is = Talk cock and sing song..
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hokpin
Supreme |
01-Apr-2026 09:18
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Mean they don' t buy back because of HK listing price-sensitive info?
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LoudShout
Master |
01-Apr-2026 09:14
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Since the resolution was passed on March 6, the company was legally cleared to start buybacks as early as March 7, 2026.
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hokpin
Supreme |
01-Apr-2026 09:05
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Engine already warmed up quite some times. Speeding up soon. | |||||
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pasttime
Supreme |
01-Apr-2026 07:02
Yells: "gold silver are real money. not others iou." |
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listing in hkex has the advantage of more transparent shorts actions. not like sgx only allow shorts but  the same limiting measures on shorts like those on hkex. boo sgx. also they punish long but not shorts.  like the individuals who acted against the xxman. case. what is the investigations on the big house shorts  positions. really no failed actions against the law? dual listing on hkex alone will not necessary bring up the price of yzjmaritime as two markets has different sets  of investors. unless it is fully convertible between the markets then arbitrage actions will make the price near same. also it need to be in the hkex, china exchanges connect so that china investors can buy/sell as they want. believe significant support comes from china investors. so market cap on hkex need to be at least meet the min requirements. it is good development. hope if it happens can give sgx a big knock on their inactions on rules against organized shorts. by the way organized shorts also in hkex but they have big houses like hsbc fund that will provide the buy/sell volume.  |
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ayahiro
Member |
01-Apr-2026 06:33
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Not because he don' t want, but He can' t do it yet.
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volvo125
Master |
31-Mar-2026 23:07
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Ya ... agree, Ren is really full of surprises, YMD listing last year was a superb good one, the YFH huge npl provisions recently was a very bad one (legacy problem, Ren has no coice), and now the floating of a dual listing at HKSE ( or delist from SGX then relist in HKSE) signal is, in my opinion, an ultra good one because HKSE is a much more vibrant market capable of offering a much higher valuation. Regardless Option 1 DeL then ReL  or Option 2 DualL, if happens or even thought to have a high chance of happening, the share price should go up significantly to at least nearer towards the NAV value, or even more. This is what i think. Feel free to correct me or add your input if you have experience dealing in a DeList/Re-List and/or DualList stocks.  If Option 1, the coy must make offer to buy back all the sgx shares from the market at some premium. Investors smelling this will load up as much as possible early to get this premium, wheather it is a 10% or 20% above some future average prevailing market price, or better still the offer at NAV. If Option 2, then high valuation potential HKSE DualL at HKSE will lead the SGX price significantly up. If YFH and/or YMD were to DualL in HKSE, Ren cannot be listing them at 0.25 and 0.51 at the onset, the listed price has to be at least the NAVs of 0.502 and 0.60 respectively, or more if some other underwritten methods of valuation not based on PB are used by the listing managers. Again, investors smelling this will load up as much as possible early in anticipation of these huge potential future price gains to come. I think existing shareholders will stand to benefit much more in Option 2 DualL than the X% premium against the mandatory buyback from Option 1.  
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Andynkl
Senior |
31-Mar-2026 22:28
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He asks for sharebuy back mandate & shareholders support it but no action yet. In time to come, do hope he can do a dual listing to improve shareholders value. | |||||
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LoudShout
Master |
31-Mar-2026 22:22
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Talk is cheap.  So is the singapore saying:  Cry.. father and mother.  Just do as you said.. use the share buyback mandate and buy shares from the market as you publicly stated in the sgx disclosure on share buyback mandate. The mandate has been approved in the EGM.. do your SBB and instils confidence.
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HVRRVH
Elite |
31-Mar-2026 18:51
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Wah never a dull days with old Ren! I think he was saying other than STI components stocks, the rest of the stocks are seriously lacking in liquidity and proper valuation. He could be just venting to the press as YZJM' s and YZJF' s trading volumes have been decreasing [thought I think this has to do wtih the ongoing ME war] and trading below NAV per share. If he want to delist M& F from SG and relist them in HK, then he has to make a publice offer. I think very unlikely and if he really want to do so, let' s just hope he will take care of his reputation and match the offer price with the NAV per share price. However, we all know in such scenario, the offerer will likely to offer 10-20% above market price and that it. Only a few rare ones ever offered premium to NAVs. On the other hand, if old Ren wants to list the 2 companeis as a dual listed companies in SGX and HKEX, then potentially wider pools of investors especially from China may have access to YZJM and YZJF and this may bridge what old Ren viewed as ' valuation gap' . This is just another financial manuveour by old Ren, in a good way, as he constantly seeking to increase shareholders' value but of course, he himself is the biggest shareholer in the 2 companies. Just a side note, in 2010, YZJS also explore secondary listing in HK/Taiwan but it did not materalise. | |||||
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hokpin
Supreme |
31-Mar-2026 17:33
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I dont know. Just my own guess. Delist it in SGX with a slightly premium price based on current market price.
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Andynkl
Senior |
31-Mar-2026 16:32
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So what is the implications if this really happens? Anyone wants to share on the price movements?   |
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hokpin
Supreme |
31-Mar-2026 14:52
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He said: &ldquo The valuation prices of Yangzijiang Maritime and Yangzijiang Financial are not properly reflected. Then company should do the share buy back?  
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Winnertakeall
Elite |
31-Mar-2026 14:49
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Ren Yuanlin eyes Hong Kong listing
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hokpin
Supreme |
31-Mar-2026 09:21
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Both YZJFH YZJ Maritime should have found their footing already! | |||||
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For_The_Next_Leg
Master |
30-Mar-2026 15:49
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While specific company news for 8YZ was quiet in late March, the company is a primary beneficiary of the Tuas Mega Port expansion and the associated " Maritime 2026" digital transformation initiatives. The BCA' s projection of a multi-year construction and infrastructure " supercycle" in Singapore provides a robust macroeconomic backdrop for ship financing and maritime investment activities.
 
https://www1.bca.gov.sg/resources/newsroom/steady-construction-demand-in-2026-as-singapore-steps-up-support-for-built-environment-firms-through-collaboration-and-innovation/
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