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YZJ Shipbldg SGD
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The Only Shipbuilding Blue Chip in SGX!
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positivity88
Veteran |
04-May-2023 10:58
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markets reversing.. shorts need to buy back liao.. 1.28 go longist.. support it | ||
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positivity88
Veteran |
03-May-2023 11:00
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feels abit like 1.3 series coming. and dividends coming next tuesday
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positivity88
Veteran |
02-May-2023 15:44
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has yzj announced this yet??
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Winnertakeall
Elite |
28-Apr-2023 19:04
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Eyal Ofer& rsquo s Zodiac Maritime turns to Yangzijiang for newbuildings as tanker run buildsOrder marks first contract at the Singapore-listed shipyardEyal Ofer Zodiac Maritime is said to have splashed out more than $120m on product tanker newbuildings. The UK-based shipowner has struck a deal with Yangzijiang Shipbuilding in China for two 114,000dwt aframaxes. P One shipbuilding insider said the deal marked the first cooperation between the Ofer-led company and Yangzijiang. Given the large and multi-segment presence of both the shipbuilder and the shipowner, [this project] could be seen as the potential beginning of a strategic cooperation, said the shipbuilding insider. |
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pursuer76
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28-Apr-2023 15:35
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BB dont want push up...kena shot down by SS. 
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Observers
Elite |
26-Apr-2023 20:42
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Demand for oil tankers is strong because nowadays, Russian oil cannot go direct to Europe. It has to go one big round across the oceans thru China and India and some say under South Africa to reach Europe.
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emailpeter
Veteran |
26-Apr-2023 17:20
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Thks @fuzzyshares for the CGS-CIMB update. Glad that you a still vested here (or are you :). Here is latest from UOB KayHian. https://research.uobkayhian.com/content_download.jsp?id=72904& h=f25cea70b58dcde9842156cc6dec5f0 Microsoft Word - Retail Market Monitor_20230426 (uobkayhian.com) KEY EXCERPTS BELOW VALUATION/RECOMMENDATION &bull Maintain BUY with PE-based target price of S$1.58. Our target PE multiple of 9.0x, applied to our 2023 EPS forecast, is 1SD above YZJ&rsquo s past five-year average of 6.7x which we view as fair given the company&rsquo s earnings growth in 2023, as well as the stability of its earnings due to its US$11b orderbook at present. We note that at our fair value of S$1.58, YZJ would trade at a 2023F P/B of 1.3x, a level that was last seen in 2012. SHARE PRICE CATALYST &bull Better capital management. &bull Evidence of margin expansion from 2023 onwards. &bull New orders in higher-margin shipbuilding segments, eg dual-fuel containerships, LPG tankers or large LNG carriers. &bull Gains from sales of its ships and one remaining jack-up in its yard. &bull Moving to a payout ratio. In our view, one of the major issues that YZJ faced in the past few years was its capital management. As at end-22 and on a per share basis, YZJ had Rmb1.61 or S$0.31 per share in net cash but the company nevertheless chose to keep its 2022 dividend flat yoy at S$0.05. At its analyst briefing yesterday, management stated that it will look to change its dividend policy from that of a &lsquo standard&rsquo payout of S$0.04- 0.05 per share to a payout ratio. While the payout ratio has yet to be finalised, we believe that this is likely to be 35-40% of net profit. In our view, this is a positive move as a payout ratio is more flexible, aligns the interests of shareholders and management, and provides greater stability in dividend payments over time as it adjusts to changes in earnings. &bull A one-off step into property. On 29 Mar 23, YZJ announced that it had bought the 39 Robinson Road office building for S$399m in an all-cash deal, equivalent to S$2,360psf. YZJ itself will own 81% of the building while the remaining 19% will be owned by external parties. The company has stated that it does not intend to redevelop the building and will instead look to occupy 1-2 floors and rent the rest of it to other parties. At an assumed rental of S$8psf, this would equate to a 4% yield. After this property purchase, YZJ will still be in a net cash position of c.S$1.2b on our estimates which we believe is more than sufficient for its planned capex for its LNG terminal as well as any potential expansion of its Xinfu shipyard. |
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fuzzyshares
Veteran |
26-Apr-2023 09:14
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CGS - CIMB
Yangzijiang Shipbuilding: Charging forth. ADD TP: S$1.66 ■ YZJ secured US$1.18bn in YTD order wins. We expect gross margins to rise from execution of higher-value contracts secured since 2021. ■ No financials were disclosed at YZJSB?s 1Q23 update. Orderbook of US$10.98bn continues to beat previous peak of US$10.51bn at end-FY22. ■ Demand for oil tankers remains strong with a modest global orderbook to fleet of c.4%. We retain Add with a TP of S$1.66, based on 1.7x CY23F P/BV. |
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Joelton
Supreme |
26-Apr-2023 08:35
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Yangzijiang Shipbuilding announces year-to-date order wins of US$1.2 billion
YANGZIJIANG Shipbuilding : BS6 -0.8% has announced a total of US$1.2 billion in order wins for the year to date (YTD) as at Apr 24, 2023, representing 39 per cent of its US$3 billion target for FY2023.
In its first quarter business update on Tuesday (Apr 25), the group said its YTD order book value has hit a record high of US$11 billion, up from US$10.5 billion as at end-2022.
This comes on the back of a diversified order book and new contracts secured, the China-based company said.
The group has delivered 16 vessels YTD, which is 28 per cent of its delivery target of 57 vessels for this year.
Containerships, which make up about 56 per cent of vessel orders, are worth a total of US$7.8 billion, and contribute to about 71 per cent of the total outstanding order book value.
Yangzijiang Shipbuilding&rsquo s current portfolio comprises 23 dry bulk carriers, two containerships, three chemical tankers and one multiple purpose vessel. These 29 vessels in its fleet portfolio have an average age of 7.4 years.
The group aims to upgrade the overall efficiency of its fleet. It is also looking to replace its long-serving fleet with new and fuel-efficient vessels, while maintaining a relatively stable fleet size.
The group&rsquo s targeted new fleet portfolio is expected to better meet customers&rsquo demand and generate greater revenue streams, it said.
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pursuer76
Veteran |
25-Apr-2023 14:54
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published at wrong timing when many SGX counters lau sai. otherwise, will fly. Summarised version  https://www.businesstimes.com.sg/companies-markets/yangzijiang-shipbuilding-announces-year-date-order-wins-us12-billion
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spursfan
Supreme |
25-Apr-2023 14:50
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https://links.sgx.com/1.0.0/corporate-announcements/JSF542AO7HT9CE9N/755857_20230425_YZJSH%20Presentation%20for%201Q2023%20final.pdf | ||
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pursuer76
Veteran |
25-Apr-2023 11:39
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today many SGX counters lai mensus. hopefully minimum impact on YZJSH.
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Winnertakeall
Elite |
25-Apr-2023 07:19
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Singapore Blue-Chip Stocks Yielding More Than Your CPF Ordinary Account
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 that can manufacture a broad range of commercial vessels such as large containerships, bulk carriers, and LNG carriers. Revenue climbed 37% year on year to RMB 20.7 billion for 2022 while net profit rose 31% year on year to RMB 2.6 billion. YZJ declared a final dividend of S$0.05, giving its shares a trailing dividend yield of 4.1%. As of 23 February 2023, the shipbuilder had an outstanding order book of US$11 billion for 149 vessels. Late last month, YZJ partnered with two firms to take up an 81% stake in 39 Robinson Road, a freehold office building in Singapore&rsquo s financial district. This property is expected to provide stable cash flow for the group and also act as an inflation hedge. |
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fuzzyshares
Veteran |
24-Apr-2023 15:38
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Union Maritime and Metrostar tap Yangzijiang for tanker newbuildings
European players are said to have each inked two newbuildings 24 April 2023 6:17 GMT China's Yangzijiang Shipbuilding is said to have inked tanker newbuildings worth more than $224m, with Union Maritime and Metrostar Management ordering two vessels each. The Singapore-listed shipyard was reported to have contracted two LR2 tankers and two LR1 newbuildings from European shipowners. According to broker Clarksons' Shipping Weekly Intelligence report, UK-based Union Maritime has struck a deal with Yangzijiang for a pair of 114,000-dwt aframax product carriers while Greece?s Metrostar Management has commissioned the yard to build two 75,000-dwt LR1 tankers. |
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Observers
Elite |
24-Apr-2023 15:16
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Letian' s English has improved much, if my precovid memories serves me well. | ||
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Winnertakeall
Elite |
21-Apr-2023 18:35
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ShortSaleVolume from SGX (FYI) 21/4 : 2672800 20/4 : 4448400 19/4 : 4743600 18/4 : 6088700 17/4 : 3138200 14/4 : 6801000 13/4 : 8860100 12/4 : 5071500 11/4 ： 4661600 10/4 : 4239400 |
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Tracer63
Elite |
14-Apr-2023 10:56
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Big moves coming
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Tracer63
Elite |
14-Apr-2023 09:27
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Load up, gonna fly soon | ||
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Winnertakeall
Elite |
13-Apr-2023 18:31
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ShortSaleVolume from SGX (FYI) 13/4 : 8860100 12/4 : 5071500 11/4 ： 4661600 10/4 : 4239400 06/4 : 3531800 05/4 : 5611900 04/4 : 10092100 03/4 : 5308100 |
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pursuer76
Veteran |
13-Apr-2023 16:14
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My guess is, from the few cents (e.g. sell $1.21 and buy $1.203). Since they are traders from the brokerage, they don' t have to pay any fees.
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