| Latest Forum Topics / YZJ Shipbldg SGD Last:3.46 -- |
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The Only Shipbuilding Blue Chip in SGX!
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s100125
Elite |
23-Jan-2024 12:10
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Any pull back in prices is best time to load up , don' t miss the boat.
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112233
Master |
23-Jan-2024 12:07
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But price drop ? how ?
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s100125
Elite |
23-Jan-2024 11:03
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A strong set of earning results coming out in a month time. | ||||||||||
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fuzzyshares
Veteran |
23-Jan-2024 08:43
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1/17, 1.58-1.60, closed 1.58, 15m, T-day
1/18, 1.59-1.63, closed 1.60, 25m 1/19, 1.60-1.64, closed 1.64, 19m 1/22, 1.64-1.66, closed 1.65, 18m Today 1/23 is the last day to sell contra trades bought on T-day. Cruising S Chip. |
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fuzzyshares
Veteran |
22-Jan-2024 07:52
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1/16, 1.58-1.60, closed 1.59, 10m, T-day
1/17, 1.58-1.60, closed 1.58, 15m 1/18, 1.59-1.63, closed 1.60, 25m 1/19, 1.60-1.64, closed 1.64, 19m Today 1/22 is the last day to sell contra trades bought on T-day. Course set, sail on. |
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Winnertakeall
Elite |
21-Jan-2024 16:44
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CGS-CIMB estimates the total contract value to be about U$1 billion, bringing Yangzijiang&rsquo s order book to a whopping US$15.8 billion. 
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PiRPiR
Master |
20-Jan-2024 09:11
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CGS-CIMB maintains 'add' call on Yangzijiang, seen sailing towards record FY2023
The Edge Singapore The Edge Singapore Fri, Jan 19, 2024 ? 12:32 PM GMT+08 ? 2 min read https://www.theedgesingapore.com/capital/brokers-calls/cgs-cimb-maintains-add-call-yangzijiang-seen-sailing-towards-record-fy2023 |
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emailpeter
Veteran |
19-Jan-2024 21:43
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DBS Group Research Dividend prediction 7.6c Yangzijiang Shipbuilding Holdings Ltd Start the year with a bang DBS Group Research18 Jan 2024 Secures new orders for six units of 13,000 TEU methanol dual-fuel containerships totaled over US$1bn, based on our estimate A strong boost to order outlook with the sizeable new wins making up over a third of its annual order win target of US$3bn Well-equipped and positioned to ride on decarbonisation and fleet rejuvenation trends in shipping Reiterate BUY and TP S$1.90 decent 4% dividend yield What has happened Yangzijiang has secured contracts to build six units of 13,000 TEU methanol dual-fuel containerships for Ocean Network Express (ONE). We estimate that total contract value could worth over US$1bn, assuming current market price of ~US$170m for similar vessels, reported on Clarksons. The sizeable new wins would make up over a third of company& rsquo s annual order target of US$3bn, which is very promising given we are only 2-3 weeks into the new year, raising Yangzijiang& rsquo s order wins prospects. The vessels are scheduled to be delivered from 2027 onwards as yards are very full for next 3-4 years. Yangzijiang& rsquo s orderbook stands at all time high of c. US$15bn, which implies over 4.5-years of revenue coverage. Management has shared about plans to expand capacity in vicinity of its existing yard facilities. Besides adding on shipbuilding capacity, this could also pave the way for new retrofitting business that expected to see demand surge from 2025 upon availability of main engine supply. This would call for earnings upgrade as market has yet factored in capacity expansion. We also expect potential earning upside surprise in the upcoming results especially on the shipbuilding margin front. Customer, ONE, is a Japanese container transportation and shipping company jointly owned by the Japanese shipping Lines Nippon Yusen Kaisha, Mitsui O.S.K. Lines, and K Line. Yangzijiang& rsquo s partnership with Mitsui E& S shipyard seems to be bearing fruit, opening up Japanese market with partner Mitsui bringing in Japanese designs and construction technology. Reiterate BUY and TP S$1.90 (1.7x FY24PB, implied 10.2x PE). Yangzijiang is a prime beneficiary of decarbonisation and clean vessel trends in shipping market. It remains focused on higher value-add dual-fuel vessel, tanker and possibly pure car, pure truck carrier (PCTC). It offers decent dividend yield of c.4%. |
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Winnertakeall
Elite |
19-Jan-2024 19:57
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Analyst: Lim Siew Khee
The heightened jack-up rig market finally led to the sale of YZJ&rsquo s stranded rig in Nov 23. We estimate the after-tax gain from the sale to be c.Rmb250m (c.US$35m), which will be reflected in the FY23F financials (please see page 2 for details).
Steel prices remained steady in the last 3 months of 2023 at Rmb3,950/metric tonne. YTD&rsquo s prices are around Rmb4,067/metric. Conversely, newbuild prices have remained firm. If we benchmark the latest contract win by YZJSB for six units of 13k dual-fuel containerships to industry trends (by Shipping Intelligence), it should fetch US$173m/vessel or US$1bn of total contract vs. newbuild prices 6 months earlier in Jul 23 at US$171m/ vessel (Fig 6). Structural demand for green energy vessels and shipowners&rsquo profitability could keep ship prices firm, in our view. We turn slightly more positive on the quantum of margin expansion as YZJSB progressively executes orders from 2H21. We expect higher shipbuilding gross margins (GM) for FY24F of 24.5% and FY25F of 25.5% (previously 24-25%).
Upside to our margins could also come from operating efficiency, in our view. On average, from striking steel to completion, YJZSB takes c.10 months to build a < 100k dwt bulk carrier and 14-16 months for a +20k TEU containership. With the order book currently at about U$15.8bn, we expect operating leverage and efficiency from its solid execution track record to potentially reduce the construction months to 13-14 months for large-scale containerships. This could also mean yard capacity can be maximised to take in more orders. We now expect FY24F order intake to be at US$4.5bn (from US$4bn previously). Yard capacity is generally full until 2027F but we believe efficient yard planning could still see some delivery slots available for mid-size ships in 2026F.
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s100125
Elite |
19-Jan-2024 19:34
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CGS-CIMB maintains ' add' call on Yangzijiang, seen sailing towards record FY2023https://www.theedgesingapore.com/capital/brokers-calls/cgs-cimb-maintains-add-call-yangzijiang-seen-sailing-towards-record-fy2023 |
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Winnertakeall
Elite |
19-Jan-2024 19:27
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YANGZIJIANG SHIPBUILDING - Record profit likely for FY23. Record dividends too?- There continues to be positive newsflow for Yangzijiang Shipbuilding. - Firstly, it has finally sold a rig that a customer had terminated a contract on in 2016. CGS-CIMB has learnt that the rig was sold for US$80 million in Nov 2023. - Secondly, Yangzijiang said on 17 Jan that it has been awarded a contract for six containerships from a Japanese customer. CGS-CIMB estimates the total contract value to be about U$1 billion, bringing Yangzijiang& rsquo s order book to a whopping US$15.8 billion. |
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Panda8
Veteran |
19-Jan-2024 18:34
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20th Dec only 1.40, too bad do not have CFD account, if not just buy 1 million shares at 1.40 and contra off now or wait for result annoucement.... should be able to reach 1.70 to 1.80..... | ||||||||||
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fuzzyshares
Veteran |
19-Jan-2024 08:56
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1/15, 1.58-1.60, closed 1.59, 9m, T-day
1/16, 1.58-1.60, closed 1.59, 10m 1/17, 1.58-1.60, closed 1.58, 15m 1/18, 1.59-1.63, closed 1.60, 25m Today 1/19 is the last day to sell contra trades bought on T-day. Clear skies, sail on. |
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Joelton
Supreme |
18-Jan-2024 14:50
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Yangzijiang Shipbuilding secures contract for six 13,000 TEU methanol duel-fuel vessels
Yangzijiang Shipbuilding (Holdings) BS6 - has secured a contract to build six units of 13,000 twenty-foot equivalent units (TEU) methanol dual-fuel containerships for Ocean Network Express (ONE) on Jan 17.
Yangzijiang will jointly design the vessels, leveraging its strong technological capabilities to meet customers' evolving demand and ensuring alignment with the maritime decarbonisation agenda.
The vessels are scheduled to be delivered from 2027 onwards.
The value of the order was not disclosed by Yangzijiang but according to a report in November by trade publication Tradewinds, the client, ONE, has placed orders for 12 such vessels, with a total value of close to US$2 billion.
Six orders went to another China-based builder Jiangnan Shipyard and the other six, to Yangzijiang.
The company notes that in the present context of sustainability, methanol is expected to play a key role in emission reduction. Additionally, the vessels will be designed to feature cutting-edge technologies such as optimized hull forms, waste heat recovery systems and bow windshields.
CEO Ren Letian says: &ldquo We are encouraged by the order from ONE for our green vessels, which is a testament to our technological prowess in building quality and efficient ships. Our ongoing efforts on R& D put us at the forefront of industry advancements, equipping us to capitalize on opportunities arising from the shifts in the environmental regulations.&rdquo
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emailpeter
Veteran |
18-Jan-2024 13:36
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Sit back, popcorn.....let the gangsters do their task. Feb 23 beckons......Cheers |
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Observers
Elite |
18-Jan-2024 13:26
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wow moving up the value chain. | ||||||||||
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Winnertakeall
Elite |
18-Jan-2024 10:34
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Broker' s Calls DBS reiterates buy call on Yangzijiang following new orders likely worth US$1 billionThe Edge Singapore18/01/2024, 9:06 AM DBS Group Research has reiterated its buy call and $1.90 target price for Yangzijiang Shipbuilding after it announced new contracts reportedly worth around US$1 billion.
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s100125
Elite |
18-Jan-2024 10:00
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https://www.theedgesingapore.com/edgeinvest/stock-detail/BS6-yangzijiang-shipbldg-hldgs-ltd-sgd
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Battle123
Elite |
18-Jan-2024 09:45
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Chiong ah... dyodd |
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fuzzyshares
Veteran |
18-Jan-2024 09:37
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1/12, 1.57-1.61, closed 1.59, 21m, T-day
1/15, 1.58-1.60, closed 1.59, 9m 1/16, 1.58-1.60, closed 1.59, 10m 1/17, 1.58-1.60, closed 1.58, 15m Today 1/18 is the last day to sell contra trades bought on T-day. Amid rough seas, a gust of wind and a breakthrough. |
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