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YZJ Shipbldg SGD
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The Only Shipbuilding Blue Chip in SGX!
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Winnertakeall
Elite |
11-Feb-2025 21:06
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DBS raises Yangzijiang Shipbuilding target price to $3.80 on improving margins and record book order. The Edge Singapore - 02/02/2025
Ho Pei Hwa of DBS Group research has raised her target price of Yangzijiang Shipbuilding
from $2.88 to $3.80 while keeping her BUY call, as she expects better earnings from not just bigger order book but also expanding margins. |
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s100125
Elite |
11-Feb-2025 16:07
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Next week should see buying interest as earning results getting nearer. |
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behonest
Senior |
10-Feb-2025 20:34
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Have I wrote something wrong for being too honest. ? Why dislike my forum
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behonest
Senior |
10-Feb-2025 08:27
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Trump plans to unveil 25% steel, aluminium tariffs on Feb 10Mon, Feb 10, 2025 &bull 08:07 AM GMT+08
 President Donald Trump said he will announce on Monday 25% tariffs on all imports of steel and aluminium. Trump, speaking to reporters Sunday on Air Force One, said the tariffs will apply to the metal imports from all countries. He didn&rsquo t specify when the duties would take effect. The president also said he would announce reciprocal tariffs later in the week on countries that tax US imports. Those tariffs will not go into effect the same day as the announcement, which could be Tuesday or Wednesday but soon after, Trump said. The moves are Trump&rsquo s latest in a series of threatened tariffs on countries and specific sectors. New steel tariffs could ripple through US energy businesses, from wind developers to oil drillers that are reliant on specialty grades not made in the US. Some oil companies won exclusions from tariffs on the metal during Trump&rsquo s first term. See also: ECB is about to drop a big clue on how far it will cut rates Many steel and aluminium buyers and sellers had expected they would have at least until March to prepare for any tariff implementation. Trump delayed to March the tariffs planned for Feb. 1 when Mexico and Canada offered modest proposals to increase security at the borders. It was not immediately clear if the tariffs would still apply to Mexico and Canada. The two nations are significant suppliers of metals to the U.S. The scale of Trump&rsquo s overall tariff ambitions remains unclear. He has also said he would impose tariffs on other goods, including pharmaceuticals, oil and semiconductors and said he&rsquo s considering import duties on the European Union. See also: Trump and Asia: It' s not just about trade and tariffs Trump last week imposed a 10% tariff on Chinese goods. Beijing also announced retaliatory measures slated to take effect later this month that were more calibrated in scope, targeting only imported goods from the US valued at US$14 billion ($18.99 billion) in 2024. That marked a more cautious approach from China than in Trump&rsquo s first term, when the world&rsquo s two largest economies traded tit-for-tat trade levies for years.e Markets will be watching to see if the two countries can strike a deal before the Chinese levies on the US take effect on Feb. 10. White House Press Secretary Karoline Leavitt told reporters last week that a call between Trump and Chinese President Xi Jinping is being scheduled to take place &ldquo very soon.&rdquo Trump has alternated between tough talk against Beijing and signals that he wants to work with Xi as he seeks more balanced trade. The US president has ordered an agreement he signed in 2020, known as the Phase One deal, to be reevaluated, suggesting tariff talks with China could drag on. But he is also seeking Xi&rsquo s help in stopping Russia&rsquo s war in Ukraine, and pushing for China to split ownership of video app TikTok with a US company. Trump had vowed to hit China, Canada and Mexico with tariffs, accusing the nations of failing to do enough to help stem the tide of illegal drugs and undocumented migrants across US borders. While Trump could reverse course and move again to impose trade levies, the decision nevertheless reinforced the perception that the new president is unwilling to follow through on his tariff threats and instead prefers using them as a negotiating tool. Trump has embraced tariffs as a centrepiece of his bid to remake the US economy, shrink trade deficits and find new sources of revenue to help deliver on his tax agenda. The moves though threaten to wreak economic havoc, with economists saying the levies will raise costs for US manufacturers who import goods, raise prices for consumers already weary from inflation, reduce trade flows and fail to bring in the revenue Trump has predicted. The Trump administration and allies have touted the measures Mexico and Canada have promised on the border as a win for the president&rsquo s approach. To stay ahead of Singapore and the region&rsquo s corporate and economic trends, click here for Latest Section &ldquo We&rsquo ve seen a lot of pearl clutching when this was announced, but we&rsquo ve also seem immediate results from Mexico and Canada,&rdquo Peter Navarro, one of Trump&rsquo s trade advisers, said at an interview event last week hosted by Politico. The announcement comes as the US steel industry is looking to recover from its worst year since Trump&rsquo s first term in office. The domestic steelmakers have complained that a renewed uptick in imports has hurt their profits and production numbers. Steel and aluminium were among Trump&rsquo s earliest tariffs during his first term, implementing a 25% duty on steel and a 10% duty on aluminium in 2018 on grounds of national security. The steel tariffs also come amid a stalled deal by Japan&rsquo s Nippon Steel Corp. to buy US Steel Corp. for US$14.1 billion. The transaction was blocked by former President Joe Biden and is also opposed by Trump. Trump said Friday after a meeting with Japanese Prime Minister Shigeru Ishiba that Nippon Steel is now considering investing in US Steel instead of purchasing the company outright. Trump told reporters on Sunday that Nippon Steel cannot have a majority stake in the US firm. The two companies are challenging the US block on the deal in court. |
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pkli899
Supreme |
05-Feb-2025 13:59
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LOL......I' m talking facts, what is there to dislike? Btw, I don' t do childish stuff, hide behind to do this not 君 子 所 为 ！
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leroy55
Veteran |
05-Feb-2025 13:52
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so u r the one who dislike my post. childish
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pkli899
Supreme |
05-Feb-2025 10:13
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Black rock was holding the shares as collateral. Those they sold were not own directly by them. |
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s100125
Elite |
05-Feb-2025 10:03
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Not too worry as Black rock still holding substantial amount of shares after selling
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leroy55
Veteran |
05-Feb-2025 09:54
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black rock announced reduce share. hopefully it they will buy up again
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s100125
Elite |
05-Feb-2025 09:52
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Hold tight tight to be rewarded as earning results with dividend announcements coming in in about 2 weeks time. | ||||
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Winnertakeall
Elite |
04-Feb-2025 14:36
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Yangzijiang Shipbuilding poised to ride clean energy wave : DBSIts pivot towards cleaner vessels is a key catalyst.
Yangzijiang Shipbuilding improving corporate governance and pivot towards cleaner vessels such as dual-fuel containerships and gas carriers, which now account for 70% of its orderbook, could draw more interest from ESG funds, a DBS report said. DBS said securing more orders for LNG carriers allows Yangzijiang to scale up and strengthen its market positioning. The LNG carrier market has high technical barriers to entry and could be a significant growth opportunity for Yangzijiang. The market has yet to fully appreciate the potential for earnings growth from its record-high order backlog as well as potential yard expansion of 20% to 30%. Yangzijiang has an orderbook worth $24b. CAGR of earnings is expected to reach 14% in the next two years, driven by both revenue growth and margin expansion, as 65% of its orderbook is made up of containership orders that command higher value and margins. A key risk for the company is that since its revenue is in US dollars, a weak USD could see earnings drop by about 1.5% for every 1% decline in USD. Another risk is the increase in the cost of steel. Steel makes up 20% of production costs. If steel prices go up by 1%, earnings could fall by 0.7%.
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s100125
Elite |
04-Feb-2025 12:35
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Yangzijiang Shipbuilding poised to ride clean energy wave&mdash DBS
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minichart
Member |
04-Feb-2025 08:51
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https://www.minichart.com.sg/2025/02/03/yangzijiang-shipbuilding-stock-forecast-bullish-short-term-outlook-with-5-rally-potential/
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Joelton
Supreme |
03-Feb-2025 13:25
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DBS raises Yangzijiang Shipbuilding target price to $3.80 on improving margins and record orderbook
Ho Pei Hwa of DBS Group Research has raised her target price for Yangzijiang Shipbuilding from $2.88 to $3.80 while keeping her " buy" call, as she expects better earnings from not just a bigger order book but also expanding margins.
In her Jan 31 note, Ho says that the company' s improving corporate governance and pivot towards cleaner vessels such as dual-fuel containerships and gas carriers, which now account for around 70% of its orderbook, could draw more interest from ESG funds.
She expects the company to secure more orders for LNG carriers, which has high technical barriers to entry and could be a significant growth opportunity.
" The market has yet to fully appreciate the potential for earnings growth from its record-high order backlog as well as potential yard expansion of around 20%-30%," says Ho.
The company has built up an orderbook around US$24 billion that is at a record high, boosting earnings visibility through 2027.
Ho estimates Yangzijiang Shipbuilding to generate a 14% CAGR in earnings growth over the next two years.
Besides revenue growth, the company is seen to enjoy improving margins, as two-thirds of its orders are made up of higher-margin contracts to build containerships. It is enjoying lower costs of steel and favourable forex as well.
With improving earnings, Ho believes Yangzijiang Shipbuilding, holding its payout ratio at around 30%, can pay a dividend of 9.5 cents for FY2024, up from 6.5 cents paid for FY2023.
Ho observes that the company' s payout ratio has ranged between 30% and 40%.
For the current FY2025, the company might pay between 11.5 and 13.5 cents, assuming a payout ratio of 34%, translating into a yield of 4%.
" Given its strong cash flow generation, there is potential for further upside in the payout ratio to as high as 40%," says Ho.
Her new target price of $3.80 is based on 2.5x FY2025 P/BV (11x implied PE), justified by its consistently high ROE of more than 20% ROE and 3%-4% dividend yield.
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s100125
Elite |
03-Feb-2025 08:44
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Here is the link https://www.theedgesingapore.com/capital/brokers-calls/dbs-raises-yangzijiang-shipbuilding-target-price-380-improving-margins-and
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behonest
Senior |
03-Feb-2025 00:26
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But the problem is Canada is also their prime market along wiry Europe
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dontbetray
Master |
02-Feb-2025 23:06
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Hopefully that case lo.
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bernardc
Elite |
02-Feb-2025 19:53
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Steel ..Kenna tariff by trump..steel in china surplus IE going to be cheaper... | ||||
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dontbetray
Master |
02-Feb-2025 16:54
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Dbs up the target 3.8 but China announced want to counter strike Trump tariff. Steel will potentially increase as a result of tariff. Trade with care | ||||
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Winnertakeall
Elite |
23-Jan-2025 20:20
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