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Latest Forum Topics / YZJ Shipbldg SGD    Last:3.54    +0.08  Post Reply
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Goldfinger
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13-Oct-2024 21:11     
 
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 Alert Admin 		Rather nonsensical that a client that canceled orders, can sue for profits foregone.  This shows the ridiculous nature of Western judicial systems.

dontbetray      ( Date: 13-Oct-2024 18:01) Posted:



The Yangzijiang Shipbuilding (YZJ) case could have mixed effects on its stock price depending on the market' s perception of the arbitration' s outcome and the company' s prospects.

Potential Positive Impact: If the market believes that Yangzijiang has a strong case, as the company claims, and that the arbitration claims are inflated, investors may view this as a sign of resilience, boosting confidence in the stock. Successful defense in arbitration could eliminate the risk of paying a large settlement, which would be seen as positive for the company' s financial stability.

Potential Negative Impact: On the other hand, the fact that Yangzijiang is dealing with a claim of such a large scale (US$835 million) could introduce uncertainty and risk, potentially affecting the stock negatively. Investors may be cautious, awaiting further developments or a final resolution of the case, as losing the arbitration could result in significant financial liabilities.

Overall, whether this boosts or weighs down YZJ' s stock will depend on investor sentiment about the company' s ability to win the arbitration and avoid large financial penalties. Arbitrations, especially of this scale, tend to create uncertainty, which markets usually react to with caution unless clear signals of a favorable outcome emerge.

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BinderyT
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13-Oct-2024 19:40     
 
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 Alert Admin 		Thanks, that' s educational :)

dontbetray      ( Date: 13-Oct-2024 17:58) Posted:



The arbitration for Yangzijiang Shipbuilding is being conducted in London likely because of the arbitration clause included in the shipbuilding contracts. Contracts between international companies often specify a neutral location for dispute resolution to ensure fairness and neutrality, and London is a popular choice for such cases due to its reputation as a major global legal and financial center.

London is home to several well-established arbitration bodies, such as the London Court of International Arbitration (LCIA), which is known for handling large-scale commercial disputes. Many international contracts, particularly those involving high-value transactions or complex legal frameworks, include London as the venue for arbitration due to its robust legal infrastructure, experienced arbitrators, and predictable enforcement of international arbitration awards.

The choice of London likely reflects the parties&rsquo agreement to resolve disputes in a jurisdiction that is neutral, has a strong legal framework, and is experienced in handling maritime and commercial cases.

moreover, nothing was ruled against yzj

ysh2006      ( Date: 13-Oct-2024 17:29) Posted:

Why in UK court not China court ? Do you think Ang Mo ruling will be unfavourable to YZJ har..
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dontbetray
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13-Oct-2024 18:01     
 
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The Yangzijiang Shipbuilding (YZJ) case could have mixed effects on its stock price depending on the market' s perception of the arbitration' s outcome and the company' s prospects.

Potential Positive Impact: If the market believes that Yangzijiang has a strong case, as the company claims, and that the arbitration claims are inflated, investors may view this as a sign of resilience, boosting confidence in the stock. Successful defense in arbitration could eliminate the risk of paying a large settlement, which would be seen as positive for the company' s financial stability.

Potential Negative Impact: On the other hand, the fact that Yangzijiang is dealing with a claim of such a large scale (US$835 million) could introduce uncertainty and risk, potentially affecting the stock negatively. Investors may be cautious, awaiting further developments or a final resolution of the case, as losing the arbitration could result in significant financial liabilities.

Overall, whether this boosts or weighs down YZJ' s stock will depend on investor sentiment about the company' s ability to win the arbitration and avoid large financial penalties. Arbitrations, especially of this scale, tend to create uncertainty, which markets usually react to with caution unless clear signals of a favorable outcome emerge.
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dontbetray
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13-Oct-2024 17:58     
 
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The arbitration for Yangzijiang Shipbuilding is being conducted in London likely because of the arbitration clause included in the shipbuilding contracts. Contracts between international companies often specify a neutral location for dispute resolution to ensure fairness and neutrality, and London is a popular choice for such cases due to its reputation as a major global legal and financial center.

London is home to several well-established arbitration bodies, such as the London Court of International Arbitration (LCIA), which is known for handling large-scale commercial disputes. Many international contracts, particularly those involving high-value transactions or complex legal frameworks, include London as the venue for arbitration due to its robust legal infrastructure, experienced arbitrators, and predictable enforcement of international arbitration awards.

The choice of London likely reflects the parties&rsquo agreement to resolve disputes in a jurisdiction that is neutral, has a strong legal framework, and is experienced in handling maritime and commercial cases.

moreover, nothing was ruled against yzj

ysh2006      ( Date: 13-Oct-2024 17:29) Posted:

Why in UK court not China court ? Do you think Ang Mo ruling will be unfavourable to YZJ har...

dontbetray      ( Date: 13-Oct-2024 13:18) Posted:



In simple terms, Yangzijiang Shipbuilding' s subsidiaries are involved in legal disputes (arbitrations) over contracts they had with other companies to build ships. The contracts, worth about US$900 million, involved building 10 ships, but the other companies canceled these contracts in early 2022.

The companies that canceled the contracts are now claiming US$835 million, saying they lost money because they couldn' t profit from the ships, and they also want a refund of the payments they made. However, Yangzijiang' s subsidiaries argue that the amount the claimants are asking for is inflated, and they believe they have strong arguments to defend themselves and potentially win the case.

This is all taking place in an arbitration tribunal in London, and Yangzijiang Shipbuilding is confident they will succeed in defending against these claims.
 
 


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ysh2006
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13-Oct-2024 17:29     
 
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 Alert Admin 		Why in UK court not China court ? Do you think Ang Mo ruling will be unfavourable to YZJ har...

dontbetray      ( Date: 13-Oct-2024 13:18) Posted:



In simple terms, Yangzijiang Shipbuilding' s subsidiaries are involved in legal disputes (arbitrations) over contracts they had with other companies to build ships. The contracts, worth about US$900 million, involved building 10 ships, but the other companies canceled these contracts in early 2022.

The companies that canceled the contracts are now claiming US$835 million, saying they lost money because they couldn' t profit from the ships, and they also want a refund of the payments they made. However, Yangzijiang' s subsidiaries argue that the amount the claimants are asking for is inflated, and they believe they have strong arguments to defend themselves and potentially win the case.

This is all taking place in an arbitration tribunal in London, and Yangzijiang Shipbuilding is confident they will succeed in defending against these claims.
 
 

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dontbetray
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13-Oct-2024 13:18     
 
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In simple terms, Yangzijiang Shipbuilding' s subsidiaries are involved in legal disputes (arbitrations) over contracts they had with other companies to build ships. The contracts, worth about US$900 million, involved building 10 ships, but the other companies canceled these contracts in early 2022.

The companies that canceled the contracts are now claiming US$835 million, saying they lost money because they couldn' t profit from the ships, and they also want a refund of the payments they made. However, Yangzijiang' s subsidiaries argue that the amount the claimants are asking for is inflated, and they believe they have strong arguments to defend themselves and potentially win the case.

This is all taking place in an arbitration tribunal in London, and Yangzijiang Shipbuilding is confident they will succeed in defending against these claims.
 
 
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AhTan888
Senior
12-Oct-2024 22:38     
 
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 Alert Admin 		Perfect reason for shortist on Monday

BinderyT      ( Date: 12-Oct-2024 22:27) Posted:

Sounds like a frivolous lawsuit.   Paid $3.32m but wants commensation for $835m?

Winnertakeall      ( Date: 12-Oct-2024 21:33) Posted:

Yangzijiang Shipbuilding subsidiaries have reasonably good prospect of success in arbitration claims

October 12 2024   

Yangzijiang Shipbuilding says its wholly-owned subsidiaries, Jiangsu Tianchen Marine Import & Export Co., Ltd., Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd. and Jiangsu New Yangzi Shipbuilding Co., Ltd., have a reasonably good prospect of success in the arbitrations levelled against them.   

According to Yangzijiang Shipbuilding Oct 12 announcement, arbitration proceedings were commenced at an arbitration tribunal in London by certain unnamed entities on June 10, 2022, and on Sept 26, 2022, against three of the group wholly-owned subsidiaries.   

The claims are for 10 shipbuilding contracts valued at US$900 million and entered into between the group subsidiaries and the unnamed entities. Four of the vessels were purchased on Nov 5, 2021, while six vessels were purchased on Dec 30, 2021. The contracts were terminated by the claimants on March 24, 2022, and May 16, 2022, respectively.   

Notices for the commencement of the arbitration proceeds were served for the four vessels on June 10, 2022, while similar notices were issued for the remaining six vessels on Sept 26, 2022.   

Yangzijiang announcement noted that the claimants were seeking US$835 million, which comprises the loss of bargain, loss of profits and refund of the payments made by the claimants. The group adds that the claimants paid only US$3.32 million for the 10 contracts.   

After substantive progress in the arbitrations, which took place this year, Yangzijiang says it continues to have good arguable defences and a good arguable case that the claims should be denied . The amount requested by the claimants is also incorrectly measured and highly inflated.  

The first tranche of the arbitrations is scheduled for November this year. Yangzijiang adds that the claims are not expected to materially impact its financial position for the FY2024 ending Dec 31.   

Shares in Yangzijiang Shipbuilding closed 2 cents higher or 0.81% up at $2.50 on Oct 11.
 


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BinderyT
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12-Oct-2024 22:27     
 
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 Alert Admin 		Sounds like a frivolous lawsuit.   Paid $3.32m but wants commensation for $835m?

Winnertakeall      ( Date: 12-Oct-2024 21:33) Posted:

Yangzijiang Shipbuilding subsidiaries have reasonably good prospect of success in arbitration claims

October 12 2024   

Yangzijiang Shipbuilding says its wholly-owned subsidiaries, Jiangsu Tianchen Marine Import & Export Co., Ltd., Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd. and Jiangsu New Yangzi Shipbuilding Co., Ltd., have a reasonably good prospect of success in the arbitrations levelled against them.   

According to Yangzijiang Shipbuilding Oct 12 announcement, arbitration proceedings were commenced at an arbitration tribunal in London by certain unnamed entities on June 10, 2022, and on Sept 26, 2022, against three of the group wholly-owned subsidiaries.   

The claims are for 10 shipbuilding contracts valued at US$900 million and entered into between the group subsidiaries and the unnamed entities. Four of the vessels were purchased on Nov 5, 2021, while six vessels were purchased on Dec 30, 2021. The contracts were terminated by the claimants on March 24, 2022, and May 16, 2022, respectively.   

Notices for the commencement of the arbitration proceeds were served for the four vessels on June 10, 2022, while similar notices were issued for the remaining six vessels on Sept 26, 2022.   

Yangzijiang announcement noted that the claimants were seeking US$835 million, which comprises the loss of bargain, loss of profits and refund of the payments made by the claimants. The group adds that the claimants paid only US$3.32 million for the 10 contracts.   

After substantive progress in the arbitrations, which took place this year, Yangzijiang says it continues to have good arguable defences and a good arguable case that the claims should be denied . The amount requested by the claimants is also incorrectly measured and highly inflated.  

The first tranche of the arbitrations is scheduled for November this year. Yangzijiang adds that the claims are not expected to materially impact its financial position for the FY2024 ending Dec 31.   

Shares in Yangzijiang Shipbuilding closed 2 cents higher or 0.81% up at $2.50 on Oct 11.
 

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Winnertakeall
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12-Oct-2024 21:33     
 
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Yangzijiang Shipbuilding subsidiaries have reasonably good prospect of success in arbitration claims

October 12 2024   

Yangzijiang Shipbuilding says its wholly-owned subsidiaries, Jiangsu Tianchen Marine Import & Export Co., Ltd., Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd. and Jiangsu New Yangzi Shipbuilding Co., Ltd., have a reasonably good prospect of success in the arbitrations levelled against them.   

According to Yangzijiang Shipbuilding Oct 12 announcement, arbitration proceedings were commenced at an arbitration tribunal in London by certain unnamed entities on June 10, 2022, and on Sept 26, 2022, against three of the group wholly-owned subsidiaries.   

The claims are for 10 shipbuilding contracts valued at US$900 million and entered into between the group subsidiaries and the unnamed entities. Four of the vessels were purchased on Nov 5, 2021, while six vessels were purchased on Dec 30, 2021. The contracts were terminated by the claimants on March 24, 2022, and May 16, 2022, respectively.   

Notices for the commencement of the arbitration proceeds were served for the four vessels on June 10, 2022, while similar notices were issued for the remaining six vessels on Sept 26, 2022.   

Yangzijiang announcement noted that the claimants were seeking US$835 million, which comprises the loss of bargain, loss of profits and refund of the payments made by the claimants. The group adds that the claimants paid only US$3.32 million for the 10 contracts.   

After substantive progress in the arbitrations, which took place this year, Yangzijiang says it continues to have good arguable defences and a good arguable case that the claims should be denied . The amount requested by the claimants is also incorrectly measured and highly inflated.  

The first tranche of the arbitrations is scheduled for November this year. Yangzijiang adds that the claims are not expected to materially impact its financial position for the FY2024 ending Dec 31.   

Shares in Yangzijiang Shipbuilding closed 2 cents higher or 0.81% up at $2.50 on Oct 11.
 
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ysh2006
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12-Oct-2024 18:12     
 
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 Alert Admin 		No body interested ?

ysh2006      ( Date: 12-Oct-2024 12:58) Posted:

This YZJ ship kenna claim by people about USD 900M for termination of 10 shipbuilding but it said not such claim will defend it in court....
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ysh2006
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12-Oct-2024 12:58     
 
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 Alert Admin 		This YZJ ship kenna claim by people about USD 900M for termination of 10 shipbuilding but it said not such claim will defend it in court....
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dontbetray
Master
11-Oct-2024 17:26     
 
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 Alert Admin 		idiot bb. manipulate the price
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fuzzyshares
Veteran
11-Oct-2024 10:29     
 
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 Alert Admin 		I agree. Just take a good look at Genting Singapore. Before the announcement of the excellent 1st quarter 2024 results it was institutional selling that brought it down from above a dollar to 0.90. Even with the excellent results, the stock could not maintain the momentum and more selling followed until the decent but good 2nd quarter 2024 results saved after hitting 52-week low. Just some thought on the power of institutions.

aragosta      ( Date: 11-Oct-2024 09:35) Posted:

--- Post Removed by User ---
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fuzzyshares
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11-Oct-2024 09:19     
 
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 Alert Admin 		Interesting postings. The yeas and the nays, positives and negatives. After the promotion to the higher league in late May, YZJSH now belongs to the deeper pockets and the mature, and trading volumes reflect that. No more million queues to buy and sell.

Still remember when YZJSH was trading below $2? A quick jump of 0.20 would drive both investors and punters alike crazy only to see it fell back to earth in a week or two. Now belonging in another orbit, a fluctuation of 0.40 is a norm, nothing to get excited about.

Barring negative news and more injection of positive news, should see the stock creeps towards the next higher level. Another injection of funds like that in late May should see YZJSH remain in the next higher level for good and even better.

fuzzyshares      ( Date: 07-Oct-2024 10:07) Posted:

My take on YZJSH. YZJSH has always been a rising star but trading below $2 despite high appraisals. But in late May this year the market came to its senses. YZJSH was on full steam and its price shot up from $1.70s' to well above $2 in under 2 weeks, a rise of amost 0.70. And there is no looking back as its price has been maintaining between $2.30s' and $2.70s' since, and with an even higher target price. Even though YZJSH is one of the top retail stocks ultimately it is institutional buying or selling that decides its fate. With plenty of cash, good results and more than decent dividends, more seas to sail on.
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Login20
Master
10-Oct-2024 21:48     
 
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 Alert Admin 		For those who is interested to read on my past informations on 3Q24 contract wins, tonight will be my last posting on them,

I will start delete all those postings for morgany, probably he already read all and had benefitted the inofrmations and talk rubblish now.

I am watching his postings. He better watch up not talking nonsense again. I will whack him word by word.
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Login20
Master
10-Oct-2024 21:18     
 
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 Alert Admin 		I try to trace your earlier message, seem you are talking nonsense, what logic is this when Banks is stagnant and YZJSB will rise? what rule is this?

morgany      ( Date: 11-Sep-2024 13:14) Posted:

For YZJ, we needs patience, now is not our turn to cheong.... Wait till the banking stocks stagnant then you will see how our YZJ cheong

Panda8      ( Date: 09-Sep-2024 13:51) Posted:

Thank you for the info. 
No wonder these few days DBS up so much. Next should be YZJ liao.......
 
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BinderyT
Elite
10-Oct-2024 20:53     
 
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 Alert Admin 		You can also buy DLZW :).   It is 5x YZJ leveraged ETF.   So if YZJ move up 1%, it moves up 5%.   Of cos, vice versa applies.   Damn, shouldn' t be telling people how to gamble ...
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BinderyT
Elite
10-Oct-2024 20:44     
 
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 Alert Admin 		No prob.   I wouldn' t recommend CFD because of high leverage and financing cost.   That 6.75% will eat into your profit.   And a 10% move will be margin call.   So please reserve 30% in cash even though margin is 10%.   Else your broker might force close.

pkli899      ( Date: 10-Oct-2024 20:30) Posted:

Thanks for the clarification.
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pkli899
Supreme
10-Oct-2024 20:30     
 
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 Alert Admin 		Thanks for the clarification.
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BinderyT
Elite
10-Oct-2024 20:27     
 
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 Alert Admin 		For YZJ CFD - Finance charge is 6.75% long and 4% short.   Margin is 10%.   Actually, you are betting against the market indirectly.   When you buy a CFD, the MM will buy the equilvalent shares from the market as a hedge.   Similarly, when you sell a CFD, the MM will short the same number of shares from the market.   You pay brokerage based on full value of the shares, not the margin amount.

pkli899      ( Date: 10-Oct-2024 20:16) Posted:

Understanding CFD   &ndash   Contract For Difference.
It is a derivative product u do not own the asset.
Whether long or short, u r trading against the house, not SGX market.
U deposit a sum and can trade at a leverage of 10 times (in usual case) the money.
As long as u r holding the position, u would have to pay interest (on a daily basis).
Say u put in 100k, technically u can trade up to 1 million in value.
However, as interest need to be paid, very few will do that.
A prudent way would be: trade up to 330k keep one third for interest payment
the balance for average up/down, margin call & so on.
Say u want to long 1 million units of A stock, the house may decide not to let u get
at all or only fulfil partly, if they think there is too much a risk to bet against u.
Not so straight forward as u can see. Hence, govt regulatory requires an assessment
on whether u r novice or sophisticated trader before allowing u to open a CFD trading account.
Many heard about CFD but know very little.
This is what I know. Correct me if I am wrong.
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