Latest Forum Topics /
YZJ Shipbldg SGD
Last:3.54
+0.08
|
 Post Reply
|
|
The Only Shipbuilding Blue Chip in SGX!
|
|||||
|
Login20
Master |
30-Sep-2024 18:40
|
||||
|
x 0
x 0 Alert Admin |
Just calculated YZJSB dropped about 10% from last Friday to today closed price from $2.69-$2.45 Huge Historical order book and impending record Net Profit will not run away just like that. YZJSB fundamentally is stronger YoY. |
||||
| Useful To Me Not Useful To Me | |||||
|
AhTan888
Senior |
30-Sep-2024 14:18
|
||||
|
x 0
x 0 Alert Admin |
Very true. Lol
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
BinderyT
Elite |
30-Sep-2024 13:50
|
||||
|
x 0
x 0 Alert Admin |
No idea, have to wait for fiscal policies to be announced. But who cares? The only thing that matters is stock market is on fire and we are making money :)
|
||||
| Useful To Me Not Useful To Me | |||||
|
s100125
Elite |
30-Sep-2024 13:21
|
||||
|
x 0
x 0 Alert Admin |
Perfect as 243 hit. Will there be an u-turn？
|
||||
| Useful To Me Not Useful To Me | |||||
|
AhTan888
Senior |
30-Sep-2024 13:20
|
||||
|
x 0
x 0 Alert Admin |
Many doubt the restructuring will be effective.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
BinderyT
Elite |
30-Sep-2024 12:24
|
||||
|
x 0
x 0 Alert Admin |
Yeap, but that' s because SGD is still strong while other currencies have relaxed. Won' t be long before we weaken our currency as we become less competitive.
|
||||
| Useful To Me Not Useful To Me | |||||
|
emailpeter
Veteran |
30-Sep-2024 12:13
|
||||
|
x 0
x 0 Alert Admin |
Also to note, SGD/HKD has risen a strong 5% this year. So that only works in large rises for our CN/HK shares. Let's hope the run sustains through. | ||||
| Useful To Me Not Useful To Me | |||||
|
emailpeter
Veteran |
30-Sep-2024 12:07
|
||||
|
x 0
x 0 Alert Admin |
Yes, the fund shift is tremendous. Even our S-Reits are not showing the large ups from the rate cuts (actual and more rumoured).
We hope see good Govt restructuring of SGX market. If not, many like me just hide behind high profit stocks like DBS and this Ship. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
BinderyT
Elite |
30-Sep-2024 11:05
|
||||
|
x 0
x 0 Alert Admin |
Lol ... volume all dried up, even short sellers gone. All funds now pumping into China/HK markets :).
|
||||
| Useful To Me Not Useful To Me | |||||
|
AhTan888
Senior |
30-Sep-2024 10:22
|
||||
|
x 0
x 0 Alert Admin |
Looks like selling not done. Can wait to get lower. | ||||
| Useful To Me Not Useful To Me | |||||
|
SgYuan
Supreme |
30-Sep-2024 09:03
|
||||
|
x 0
x 0 Alert Admin |
SGX Penny Stocks (EW Charts by sgYuan):
yzj day wb up 267 breakup hit 270 but dn 61.8 263 breakdn wc dn 257 breakdn w3 dn 249 hit 248 w4 up SgYuan: yzj 1h w4 up 256 px hit 253 see can hit and breakup if not w5 dn 243 |
||||
| Useful To Me Not Useful To Me | |||||
|
Winnertakeall
Elite |
29-Sep-2024 07:57
|
||||
|
x 0
x 0 Alert Admin |
Yangzijiang Shipbuilding (SGX: BS6)Yangzijiang Shipbuilding, or YZJ, is one of the largest non-state-owned shipbuilding companies in China. The group owns four shipyards in Jiangsu province that can produce a broad range of commercial vessels such as large containerships, bulk carriers, and LNG carriers. YZJ share price hit an all-time high of S$2.75 recently and has soared 74% year-to-date. For 1H 2024, revenue rose 15.3% year on year to RMB 13 billion. Gross profit surged by 65% year on year to RMB 3.5 billion while net profit leapt 77.2% year on year to RMB 3.1 billion. The shipbuilder generated an impressive return on equity of 27% for 1H 2024, 7.4 percentage points higher than the prior year. Its order wins have hit US$8.5 billion, which has more than exceeded its entire 2024 forecast of US$4.5 billion. The shipbuilder outstanding order book stood at US$20.1 billion as of 30 June 2024, 39% higher than six months ago when its order book clocked in at US$14.5 billion. Earlier in September, YZJ announced a joint venture with Japanese shipyard Tsuneishi Group. This joint venture will help to drive decarbonisation in the shipbuilding and maritime industries. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
emailpeter
Veteran |
28-Sep-2024 17:23
|
||||
|
x 0
x 0 Alert Admin |
Had the privilege of keeping this stock 5 years. Always been tossed like a roulette. 68c pullback 55c, 1.10 to 0.90, 1.50 to 1.15, now 2.75 to 2.50. Good news is we are close to tracking sound fundamentals. Est FY2024 NP at SGS1.1b, 28c x PER 9 = $2.50, Go back the pages of this thread, DYO projections for next 5 yrs of highly progressive growth.
Thanks for the teamwork. I do appeal to great Login20 & others help us get & fill in blanks for below chart, from 2009 to 2029. Convulated order book, I've not had the opportunity to dig out all data. It will give followers some perspective on enormity of growth, and good ones here can improve on projections. Thanks & cheers to all. I can't seem to paste chart here. It's inside below link. Someone tech savvy pls help. https://www.nextinsight.net/story-archive-mainmenu-60/947-2024/15575-yangzijiang-shipbuilding-record-rmb4-1-billion-profit-record-6-5-cents-dividend-for-fy23 |
||||
| Useful To Me Not Useful To Me | |||||
|
AhTan888
Senior |
28-Sep-2024 15:50
|
||||
|
x 1
x 0 Alert Admin |
Bro, thank you for sharing all the news with us.
Not sure if u guys noticed, each time the price hit around 2.7, it will get whacked down to 2.4s or 2.3s. not sure if the BBs are done selling. Just have to be careful. Have a good weekend everyone.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Joelton
Supreme |
28-Sep-2024 09:51
|
||||
|
x 0
x 0 Alert Admin |
Yangzijiang counters pulled in opposing directions amid heavy volumes
Both companies are the top two most actively traded names on the SGX
SHARES of Yangzijiang Shipbuilding : BS6 -6.34% and its listed subsidiary Yangzjiang Financial : YF8 +5.56% were trading divergently as shares of both counters were heavily transacted by volume on Friday (Sep 27) morning.
As at 10.55 am, index counter Yangzijiang Shipbuilding fell S$0.17 or 6.3 per cent to S$2.51 after 26.8 million securities changed hands.
The group&rsquo s last public announcement made on the Singapore Exchange (SGX) took place on Sep 12, regarding its planned acquisition of a 34 per cent stake in a Chinese subsidiary of Japanese shipbuilder, Tsuneishi Group, for 833.1 million yuan (S$152.6 million).
As at 10.46 am, mainboard-listed Yangzijiang Financial rose S$0.025 or 6.9 per cent to S$0.385 &ndash its highest level in the year to date. About 28 million of its shares were traded at the time.
The company&rsquo s latest bourse filing was an Aug 14 replacement announcement for its interim half-year results, which were released the day prior.
By 11.45 am, shares of Yangzijiang Shipbuilding rebounded to S$2.55, down S$0.13 or 4.9 per cent. The group&rsquo s spun-off investment arm&rsquo s share price eased slightly to S$0.38, up S$0.02 or 5.6 per cent.
Both companies were the top two most actively traded names on the SGX in terms of volume, at amounts exceeding well over 33 million each.
No married deals took place in early trade for either counter, according to ShareInvestor data.
|
||||
| Useful To Me Not Useful To Me | |||||
|
HuatAh7898
Elite |
28-Sep-2024 08:30
|
||||
|
x 2
x 0 Alert Admin |
Recap 1H 30 June 2024 results were very solid Revenue increased 15% to RMB3.05 billion Net profit increased 77% to record high RMB3.06 billion. Trade with strong expectations and dyodd
|
||||
| Useful To Me Not Useful To Me | |||||
|
emailpeter
Veteran |
27-Sep-2024 23:02
|
||||
|
x 3
x 0 Alert Admin |
Huge dovish turn for China. Stimulate thru it's version of QE. Drop in rate rewards borrowers, cash holders earn less. Even DBS kena. Seatrium competitiveness too as SGD up.
SB negatives-Iron Ore rose, Yuan hammered profits, Capex for neighbour yard & new JV in costly Yuan too. Stimulus created a huge shift to CN listed stocks, tanked SP. We need wait for FY 2024 to see effect of order accreditation. FH gains-NPL borrowers can renegotiate to lower rates from new lenders. NP can regain from provision write backs. Especially clear the stigmatised overhang, the property issue was a very serious one. Need wait for FY 2024 to determine QE effects. |
||||
| Useful To Me Not Useful To Me | |||||
|
HuatAh7898
Elite |
27-Sep-2024 18:39
|
||||
|
x 0
x 0 Alert Admin |
yes no worries this counter has very strong earnings record good opportunity to buy some if you want Trade with strong expectations
|
||||
| Useful To Me Not Useful To Me | |||||
|
BinderyT
Elite |
27-Sep-2024 18:03
|
||||
|
x 0
x 0 Alert Admin |
I don' t think its due to bad news or anything. More likely, its sector rotation where people take profit on high gain stocks and buy laggards. That' s why you see stocks like DBS, YZJ, Singtel, etc being sold these few days. Don' t worry too much about it. Over time, funds will naturally flow back into quality stocks. Been through this many times.
|
||||
| Useful To Me Not Useful To Me | |||||
|
HuatAh7898
Elite |
27-Sep-2024 17:47
|
||||
|
x 1
x 0 Alert Admin |
why the sudden sold down at end of the week? Trade with strong awareness and dydd |
||||
| Useful To Me Not Useful To Me | |||||