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YZJ Fin Hldg
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YZJFH - potentially rewarding
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emailpeter
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25-Apr-2024 13:10
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If it helps any readers here, sold my last batch 400k. Bought YZJSB with it. In both cases, counterparty ABN AMRO !!! Hedge funds ? Anyway, I will revisit this stock again after half year results.   |
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sgng123
Supreme |
25-Apr-2024 11:59
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Anyway globally china stocks trade at 10-15% nta | ||||
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sgng123
Supreme |
25-Apr-2024 11:54
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Most likely he lose 30% hence the bitching. Maybe he go revenge and short it with borrowed stocks lol.
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MrBear12
Supreme |
25-Apr-2024 11:44
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Sporeans being conned. Better not buy this one. Chances we will lose | ||||
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sgng123
Supreme |
25-Apr-2024 10:54
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At least he reply loh. Most just ignor and move on.
Anyway SBB renewed and we wait for ut to keep supporting
stock price.
Basically noone buying and yzjfh had to depend on SSB to support trading volume.
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112233
Master |
25-Apr-2024 10:24
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now bean sprout price. 😭 | ||||
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sgng123
Supreme |
25-Apr-2024 09:31
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Yzjfh better than most though at vegetable price due to zero debt and huge cash pile coming from china DI and NPL recovered. Anyway yzjfh not for short term play, it more for 2-3 years hold . It also got highest possibilities for capital disyribution. | ||||
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sgng123
Supreme |
25-Apr-2024 09:27
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Not just yzjfh, all china based companies is vegetable price lol
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MrBear12
Supreme |
25-Apr-2024 08:07
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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No buying to dump for me. | ||||
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stonkmaster
Veteran |
25-Apr-2024 06:53
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Now buy is relative safe. With sbb and 22 cents dividend no brainer.
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emailpeter
Veteran |
24-Apr-2024 22:58
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Thanks pkli for insight. Ren' s run out of elaboration, seriously what else do we want to hear from him ? Sounds like an emotional support gathering. Was any new developments said from their SG based team, non-MF investments ? We should forget about share valuations based on Cash NTA or such, it' s meaningless for on ongoing company. Focus on half year disclosure on majority cash depleted for more MF. He said 8%, but I think he will surprise higher. Given SB' s MF is valued at 10 yrs PER, expect FH to track record that for 5 yrs before it gets same accreditation. Let' s hold this stock for this long, meantime you still earn 2c divs mah. |
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Caesar
Master |
24-Apr-2024 22:25
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Oops, I forgot you had free SEATRIUM shares, which means you have/had KEPCORP shares. Sorry, wrong assumption that you play only pennies ...
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Caesar
Master |
24-Apr-2024 22:19
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Are you vested in YZJFH? Thought you only play pennies.
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MrBear12
Supreme |
24-Apr-2024 21:55
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Chansenghoe1971
Elite |
24-Apr-2024 21:48
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Thanks for the effort to pen this
Well written and comprehensible.
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pkli899
Supreme |
24-Apr-2024 21:43
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First of all, I must say this AGM was badly organised. Venue a little small for the crowd. Name signs as well as the post of board members too tiny. So much so, even me seated at centre section, 2nd row could not make up the names. The MC did not help by rushing thru the introduction. 12 members seated on the stage I only get to know 3. There were few other bad points which I would not elaborate. As expected, it was very much a one man show. Senior Ren controlled the entire meeting. Out going CEO and CFO were merely sidekicks. Both spoke/answered just a few queries. I would say their performance were unimpressive. CFO probably was hampered by her command of English. As for VT, he was just reading from script for his speech (content of which was exactly what he said in the annual report). Total lacking in charisma. Senior Ren spoke in Mandarin as usual. He was full of confidence and convincing. I am amused many attendees were impressed and openly said they will add to their holding after hearing from him. I must say nothing much were disclosed despite lengthy QnA. First of all, most asked in English. A not so competence translator translated the questions to Mandarin for Ren to reply.   Many a time, the queries were lost in translation. Wrong answers were given. Having said, myself is tempted to give Ren or rather the company, more time to prove themselves. Ren said if we got the shares because of the split, we should stay put and wait for good times to come. Afterall, no extra money was invested. As for those who bought at high, should also consider to be a little more patient. He is very sure results will show eventually that they are doing the right things. The only thing is time is needed. He even said those who bought at current price range, probably will come and thanks him one two years down the road. He disclosed during YZJ IPO year, price went to 2.70. During inauguration AGM, shareholders asked whether price can go up further, he told them to sell as he said it was overpriced. In 2008 financial crisis, YZJ dropped to below 50c, he told shareholders to buy because it was undervalued. He spoke about this to emphasize the similarity of situation with YZJFH current price. He said buy if you have the mean. You will come to thanks him in one- or two-years&rsquo time. Another point he touched on was NPL. He set up a task force and is determined to settle one third of the issue within 2024 and the remaining in another 2 years. Maritime Fund is one good move he was very pleased with. He was very excited about it and hinted that it helps to bring in good profit (conservatively, 8% after cost) Sorry for the late post. Good night. Need to sleep. Tomorrow 2 more AGMs to attend. |
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PiRPiR
Master |
24-Apr-2024 20:43
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👍
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MrBear12
Supreme |
24-Apr-2024 20:25
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Yes we all counting on you | ||||
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pkli899
Supreme |
24-Apr-2024 20:23
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Let me recollect and I' ll write a little on it later. | ||||
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MambaFinancial89
Veteran |
24-Apr-2024 18:02
Yells: "Be greedy when others are fearful. " |
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Any Bro or Sis able to share insights into the AGM today? Fireworks? Difficult questions. Please, do tell.  | ||||
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