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sgng123 Supreme	03-Nov-2023 15:18        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just triple cost of stock borrowimg, u see lot of panic margin call on long short and short cfd. HVRRVH      ( Date: 03-Nov-2023 11:30) Posted: When a key personnel resign, we must look at who is taking over. In this case, Ren himself will take over. By all metrics and due respect, we cannot honestly say Vincent is better than Ren. Nonetheless, BBs have made use of the opportunity to play the stock down all the way to 28.5 cents. When the stock price rebounded, they put up a show of placing 24m sell q at 32 cents a few days back, which was noted by some forumers. This is exactly what the BBs trying to achieve, putting up a show as if they have endless shares to sell. Right now they again put up huge sell q at 33 lol. Well, having said all that, it is too quick for Vincent to resign and we will never know the real reason. Hopefully it is the case that old Ren realises he can do a better job, as simple as that. Noteably, so far, Vincent hasn' t sell his personal and holding company' s stake in the stock. For long holders, we have to pay attention to his as there is a certain degree of uncertainty but other than staff/personal matter [resigning of CEO], the company' s fundamentals are strong and should perform robustly in a better economy which will surely come especially when inflation subside and US achieve soft landing.  ss2017.      ( Date: 03-Nov-2023 11:10) Posted: Your money your investment don't listen to others views, take it as a reference. About two weeks ago many smart Alecs asking people to sell before it was too late, 25c 20c soon. Before CEO resigned, price stayed at 34c, now = today 33c. After CEO news price dived to 28.5c, many caring people suddenly appeared advised people to cut loss. Now please take a look of the mkt, where is your position, any accountability from those caring smart Alec.
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stonkmaster Veteran	03-Nov-2023 15:13        stonkmaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	lol. Everytime there is caring people warning people to sell, the price usually shoots up within a week. Not just for yzjfh. Last week of October so many doomsday prophets saying market it going to crash like never before. ss2017.      ( Date: 03-Nov-2023 11:27) Posted: Your money your investment , your call, don't listen to others' views, take it as a reference. About two weeks ago many smart Alecs asking people to sell before it was too late, 25c 20c soon. Before CEO resigned, price stayed at 34c, now = today 33c. After CEO news price dived to 28.5c, many caring people suddenly appeared advising people to cut loss. Now please take a look of the mkt, where is your position, any accountability from those caring smart Alec.
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pkli899 Supreme	03-Nov-2023 14:25        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quite disappointed no one post update on Wed night event. Any kind soul willing to share?
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MambaFinancial89 Veteran	03-Nov-2023 13:48        MambaFinancial89 About Contact  Quote this Post! Style: Fundamental   Yells: "Be greedy when others are fearful. "
x 0   x 0  Alert Admin	Would the blackout period be two weeks or one month with respect to the buyback date? Belive for quarterly it could be two weeks while a one month black out period applies for full year results.  Jack008      ( Date: 02-Nov-2023 23:26) Posted: The latest buyback date is 26th-Oct, so they should not update before 26th-Nov, Otherwise they need to explain to SGX how, what,why... I think they update half year only. SAVIORFOREVER      ( Date: 02-Nov-2023 21:22) Posted: My quick glance thought got update so check sgx but then nothing. Trade with confusion and DYODD
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HVRRVH Elite	03-Nov-2023 11:30        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	When a key personnel resign, we must look at who is taking over. In this case, Ren himself will take over. By all metrics and due respect, we cannot honestly say Vincent is better than Ren. Nonetheless, BBs have made use of the opportunity to play the stock down all the way to 28.5 cents. When the stock price rebounded, they put up a show of placing 24m sell q at 32 cents a few days back, which was noted by some forumers. This is exactly what the BBs trying to achieve, putting up a show as if they have endless shares to sell. Right now they again put up huge sell q at 33 lol. Well, having said all that, it is too quick for Vincent to resign and we will never know the real reason. Hopefully it is the case that old Ren realises he can do a better job, as simple as that. Noteably, so far, Vincent hasn' t sell his personal and holding company' s stake in the stock. For long holders, we have to pay attention to his as there is a certain degree of uncertainty but other than staff/personal matter [resigning of CEO], the company' s fundamentals are strong and should perform robustly in a better economy which will surely come especially when inflation subside and US achieve soft landing.  ss2017.      ( Date: 03-Nov-2023 11:10) Posted: Your money your investment don't listen to others views, take it as a reference. About two weeks ago many smart Alecs asking people to sell before it was too late, 25c 20c soon. Before CEO resigned, price stayed at 34c, now = today 33c. After CEO news price dived to 28.5c, many caring people suddenly appeared advised people to cut loss. Now please take a look of the mkt, where is your position, any accountability from those caring smart Alec.
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volvo125 Master	03-Nov-2023 11:28        volvo125 About Contact  Quote this Post!
x 0   x 0  Alert Admin	MAS report cumulative shorts outstanding as at 27 Oct was 28.98m shares. Against the 29.121m shorts outstanding as at 20 Oct,  there was in fact a net reduction in shorts of 136k shares instead of a speculative wild increase in shorts due to the news of VT resignation. The massive and persistent  high volume bulk selling during the week 23~27 Oct were real selling due to Angmoh funds exits. There might be shorts riding the down wave but they had all covered before the week ended.
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ss2017. Supreme	03-Nov-2023 11:27        ss2017. About Contact  Quote this Post!
x 0   x 0  Alert Admin	Your money your investment , your call, don't listen to others' views, take it as a reference. About two weeks ago many smart Alecs asking people to sell before it was too late, 25c 20c soon. Before CEO resigned, price stayed at 34c, now = today 33c. After CEO news price dived to 28.5c, many caring people suddenly appeared advising people to cut loss. Now please take a look of the mkt, where is your position, any accountability from those caring smart Alec.
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SAVIORFOREVER Supreme	02-Nov-2023 23:34        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 4  Alert Admin	It's slow potential so there's no need to update frequently. I'm quite positive next year can see 40. Trade with expectation and DYODD Jack008      ( Date: 02-Nov-2023 23:26) Posted: The latest buyback date is 26th-Oct, so they should not update before 26th-Nov, Otherwise they need to explain to SGX how, what,why... I think they update half year only. SAVIORFOREVER      ( Date: 02-Nov-2023 21:22) Posted: My quick glance thought got update so check sgx but then nothing. Trade with confusion and DYODD
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Jack008 Member	02-Nov-2023 23:26        Jack008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The latest buyback date is 26th-Oct, so they should not update before 26th-Nov, Otherwise they need to explain to SGX how, what,why... I think they update half year only. SAVIORFOREVER      ( Date: 02-Nov-2023 21:22) Posted: My quick glance thought got update so check sgx but then nothing. Trade with confusion and DYODD Winnertakeall      ( Date: 02-Nov-2023 21:02) Posted: Probably his good intention to alert us that YZJFH Q32023 has similar announcement coming.  As both are father and son related companies. Hope we also have some update from FH Mgmt.
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SAVIORFOREVER Supreme	02-Nov-2023 21:22        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 3  Alert Admin	My quick glance thought got update so check sgx but then nothing. Trade with confusion and DYODD Winnertakeall      ( Date: 02-Nov-2023 21:02) Posted: Probably his good intention to alert us that YZJFH Q32023 has similar announcement coming.  As both are father and son related companies. Hope we also have some update from FH Mgmt.   SAVIORFOREVER      ( Date: 02-Nov-2023 19:34) Posted: This is FH.. Trade with right posts and DYODD
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Winnertakeall Elite	02-Nov-2023 21:02        Winnertakeall About Contact  Quote this Post!
x 0   x 0  Alert Admin	Probably his good intention to alert us that YZJFH Q32023 has similar announcement coming.  As both are father and son related companies. Hope we also have some update from FH Mgmt.   SAVIORFOREVER      ( Date: 02-Nov-2023 19:34) Posted: This is FH.. Trade with right posts and DYODD tonytony      ( Date: 02-Nov-2023 19:30) Posted: Yzjsb biz update just released .
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SAVIORFOREVER Supreme	02-Nov-2023 19:34        SAVIORFOREVER About Contact  Quote this Post!
x 0   x 2  Alert Admin	This is FH.. Trade with right posts and DYODD tonytony      ( Date: 02-Nov-2023 19:30) Posted: Yzjsb biz update just released .
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tonytony Veteran	02-Nov-2023 19:30        tonytony About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yzjsb biz update just released .
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volvo125 Master	02-Nov-2023 18:44        volvo125 About Contact  Quote this Post!
x 1   x 0  Alert Admin	Yes, the coy has openly declared its dividend payout policy as no lesser than 40% of NPAT  between 2022 ~2024. I would think this 40% payout ratio will stay indefinitely as the coy had commented in the 1H23 FAQ that 40% is the optimal ratio to reward shareholders while still maintaining a YOY healthy growth. Reducing the payout ratio will unavoidably lead a de-rating of YFH which I do not think the mgt will want to see. The number one performance measure for a coy is its NPAT or its EPS, besides all the other important financial matrices such as growth, cash flow ... etc. SBB will increase the EPS and is consistent in directly enhancing per share bottom line earnings and shareholders values. Furthermore, at an acquisition unit price of just ~0.3x of NAV, this EPS enhancing effect is magnified > 3x because the coy incurs just 1/3 of its financial resources to do the SBB.  like2learn      ( Date: 02-Nov-2023 17:54) Posted: i think the 40% dividend policy is up till fy2024. beyond that, i guess the board will decide based on the circumstances then. long term holders might need to factor in this risk. while SBB is shareholder frenly initiative, I think the co is unlikely to do overly aggressive SBB just to please the shareholders. ultimately the board has other stakeholders to consider, as well as its mandate to be an investment manager focusing on long term value creation.  volvo125      ( Date: 02-Nov-2023 16:27) Posted: The market is not valuing YFH based on NAV or Book Value or PE or any such hybrid of BV and PE. The market is very pragmatic and is pricing YFH based on its asset return capability which directly dictate the DPS based on the coy 40% payout ratio policy.  At some point in the future when YFH could reliably demonstrate its ability to deliver an NPAT of ~$450mil, investors will receive a DPS of $0.05 and that will translate to a market share price of $1.0 at 5% yield over time. If, due to a higher yield expectation on stocks (in general) amid the ongoing higher bond yield rates which could persist for a long time, then YFH will need to achieve an NPAT of $495mil @5.5% yield or $540m @6% yield respectatively to reach a valuation of $1.0 market price over time. Besides increasing the absolute value of the NPAT to $450~540mil at say 8% ROE which will need YFH to somehow be able to raise the AUM to between 5.625B~6.75B (from the current $4.1B), YFH could also embark on a very aggressive SBB to bring the shares O/S down to increase the EPS to the same effect. This is a very tall task because YFH will need to increase its AUM by $1.525B ~ $2.65B, either with the 60% YOY retained earning growth or with external funds, or likely with both. For example, YFH could aggressively SBB (with repeated shares cancellations due to te 10% limit) in the next few years to permanently bring the float down from the current 3602m to between 2720m~2266m to achieve DPS of between $0.05 ~ $0.055 ~ $0.06 at 5% ~ 5.5% ~ 6% respectively. YFH will need to SBB between 882m ~ 1336m shares in the next few years, or with an estimated minimum SBB budget of $282m ~ $428m at the prevailing $0.32 price. Even if the share price goes up going foward, say 2x to $0.64, the SBB budget to do so will still only rise to $564m ~ $856m. This is still very much an easier option to pursue in contrast to raising the AUM to $1.525B ~ $2.65B. YFH could actually expense effort to do both concurrently to hasten asset return capability, with definitely a lower SBB budget and also a lower stress on upping the AUM by a large amount in a short few years. It is not unrealistic to see YFH at $1.0 in a few years from now provided the coy could progressively raise its ongoing asset return capability to justify the DPS payout yield and price valuation.
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like2learn Veteran	02-Nov-2023 17:54        like2learn About Contact  Quote this Post!
x 0   x 0  Alert Admin	i think the 40% dividend policy is up till fy2024. beyond that, i guess the board will decide based on the circumstances then. long term holders might need to factor in this risk. while SBB is shareholder frenly initiative, I think the co is unlikely to do overly aggressive SBB just to please the shareholders. ultimately the board has other stakeholders to consider, as well as its mandate to be an investment manager focusing on long term value creation.  volvo125      ( Date: 02-Nov-2023 16:27) Posted: The market is not valuing YFH based on NAV or Book Value or PE or any such hybrid of BV and PE. The market is very pragmatic and is pricing YFH based on its asset return capability which directly dictate the DPS based on the coy 40% payout ratio policy.  At some point in the future when YFH could reliably demonstrate its ability to deliver an NPAT of ~$450mil, investors will receive a DPS of $0.05 and that will translate to a market share price of $1.0 at 5% yield over time. If, due to a higher yield expectation on stocks (in general) amid the ongoing higher bond yield rates which could persist for a long time, then YFH will need to achieve an NPAT of $495mil @5.5% yield or $540m @6% yield respectatively to reach a valuation of $1.0 market price over time. Besides increasing the absolute value of the NPAT to $450~540mil at say 8% ROE which will need YFH to somehow be able to raise the AUM to between 5.625B~6.75B (from the current $4.1B), YFH could also embark on a very aggressive SBB to bring the shares O/S down to increase the EPS to the same effect. This is a very tall task because YFH will need to increase its AUM by $1.525B ~ $2.65B, either with the 60% YOY retained earning growth or with external funds, or likely with both. For example, YFH could aggressively SBB (with repeated shares cancellations due to te 10% limit) in the next few years to permanently bring the float down from the current 3602m to between 2720m~2266m to achieve DPS of between $0.05 ~ $0.055 ~ $0.06 at 5% ~ 5.5% ~ 6% respectively. YFH will need to SBB between 882m ~ 1336m shares in the next few years, or with an estimated minimum SBB budget of $282m ~ $428m at the prevailing $0.32 price. Even if the share price goes up going foward, say 2x to $0.64, the SBB budget to do so will still only rise to $564m ~ $856m. This is still very much an easier option to pursue in contrast to raising the AUM to $1.525B ~ $2.65B. YFH could actually expense effort to do both concurrently to hasten asset return capability, with definitely a lower SBB budget and also a lower stress on upping the AUM by a large amount in a short few years. It is not unrealistic to see YFH at $1.0 in a few years from now provided the coy could progressively raise its ongoing asset return capability to justify the DPS payout yield and price valuation.   stonkmaster      ( Date: 02-Nov-2023 15:13) Posted: Wow if yzjfh can become $1 i think most of us here will be laughing to sleep everyday
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tonytony Veteran	02-Nov-2023 17:17        tonytony About Contact  Quote this Post!
x 0   x 0  Alert Admin	L & T briefing last night , hope some friends can share here , thanks
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stonkmaster Veteran	02-Nov-2023 16:59        stonkmaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow storing this one in the Cold Storage and come back when it finally hit our dream of $1. volvo125      ( Date: 02-Nov-2023 16:27) Posted: The market is not valuing YFH based on NAV or Book Value or PE or any such hybrid of BV and PE. The market is very pragmatic and is pricing YFH based on its asset return capability which directly dictate the DPS based on the coy 40% payout ratio policy.  At some point in the future when YFH could reliably demonstrate its ability to deliver an NPAT of ~$450mil, investors will receive a DPS of $0.05 and that will translate to a market share price of $1.0 at 5% yield over time. If, due to a higher yield expectation on stocks (in general) amid the ongoing higher bond yield rates which could persist for a long time, then YFH will need to achieve an NPAT of $495mil @5.5% yield or $540m @6% yield respectatively to reach a valuation of $1.0 market price over time. Besides increasing the absolute value of the NPAT to $450~540mil at say 8% ROE which will need YFH to somehow be able to raise the AUM to between 5.625B~6.75B (from the current $4.1B), YFH could also embark on a very aggressive SBB to bring the shares O/S down to increase the EPS to the same effect. This is a very tall task because YFH will need to increase its AUM by $1.525B ~ $2.65B, either with the 60% YOY retained earning growth or with external funds, or likely with both. For example, YFH could aggressively SBB (with repeated shares cancellations due to te 10% limit) in the next few years to permanently bring the float down from the current 3602m to between 2720m~2266m to achieve DPS of between $0.05 ~ $0.055 ~ $0.06 at 5% ~ 5.5% ~ 6% respectively. YFH will need to SBB between 882m ~ 1336m shares in the next few years, or with an estimated minimum SBB budget of $282m ~ $428m at the prevailing $0.32 price. Even if the share price goes up going foward, say 2x to $0.64, the SBB budget to do so will still only rise to $564m ~ $856m. This is still very much an easier option to pursue in contrast to raising the AUM to $1.525B ~ $2.65B. YFH could actually expense effort to do both concurrently to hasten asset return capability, with definitely a lower SBB budget and also a lower stress on upping the AUM by a large amount in a short few years. It is not unrealistic to see YFH at $1.0 in a few years from now provided the coy could progressively raise its ongoing asset return capability to justify the DPS payout yield and price valuation.   stonkmaster      ( Date: 02-Nov-2023 15:13) Posted: Wow if yzjfh can become $1 i think most of us here will be laughing to sleep everyday
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HVRRVH Elite	02-Nov-2023 16:54        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	So now we know the 24m sell q at 32 cents few days back bluff one, because from then till now don' t have 24m shares transacted at 32 cents. And look like today going to close 32.5 cents, unless wayang wayang throw another 24m shares at 32 cents.
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volvo125 Master	02-Nov-2023 16:27        volvo125 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The market is not valuing YFH based on NAV or Book Value or PE or any such hybrid of BV and PE. The market is very pragmatic and is pricing YFH based on its asset return capability which directly dictate the DPS based on the coy 40% payout ratio policy.  At some point in the future when YFH could reliably demonstrate its ability to deliver an NPAT of ~$450mil, investors will receive a DPS of $0.05 and that will translate to a market share price of $1.0 at 5% yield over time. If, due to a higher yield expectation on stocks (in general) amid the ongoing higher bond yield rates which could persist for a long time, then YFH will need to achieve an NPAT of $495mil @5.5% yield or $540m @6% yield respectatively to reach a valuation of $1.0 market price over time. Besides increasing the absolute value of the NPAT to $450~540mil at say 8% ROE which will need YFH to somehow be able to raise the AUM to between 5.625B~6.75B (from the current $4.1B), YFH could also embark on a very aggressive SBB to bring the shares O/S down to increase the EPS to the same effect. This is a very tall task because YFH will need to increase its AUM by $1.525B ~ $2.65B, either with the 60% YOY retained earning growth or with external funds, or likely with both. For example, YFH could aggressively SBB (with repeated shares cancellations due to te 10% limit) in the next few years to permanently bring the float down from the current 3602m to between 2720m~2266m to achieve DPS of between $0.05 ~ $0.055 ~ $0.06 at 5% ~ 5.5% ~ 6% respectively. YFH will need to SBB between 882m ~ 1336m shares in the next few years, or with an estimated minimum SBB budget of $282m ~ $428m at the prevailing $0.32 price. Even if the share price goes up going foward, say 2x to $0.64, the SBB budget to do so will still only rise to $564m ~ $856m. This is still very much an easier option to pursue in contrast to raising the AUM to $1.525B ~ $2.65B. YFH could actually expense effort to do both concurrently to hasten asset return capability, with definitely a lower SBB budget and also a lower stress on upping the AUM by a large amount in a short few years. It is not unrealistic to see YFH at $1.0 in a few years from now provided the coy could progressively raise its ongoing asset return capability to justify the DPS payout yield and price valuation.   stonkmaster      ( Date: 02-Nov-2023 15:13) Posted: Wow if yzjfh can become $1 i think most of us here will be laughing to sleep everyday. volvo125      ( Date: 02-Nov-2023 13:30) Posted: Why so much talks about delisting out of nowhere?   RenYL wanted YFH to deploy up to half its original Chinese based assets to offshore at the onset so that was why the listing was done in SGX in Apr 2022.   Why SGX in SG because SG is the default financial hub in SEA region with the lowest corporate tax rate, a vibrant capital market, high literacy rate, zero capital gain tax, zero estate duty, and the pinky Loong SG govt is extremely friendly to foreign investments. Furthermore the mother coy YZJSB is listed in SG with all the operational synergies that YFH can draw from.   Why not HK which is another leading financial hub in the region ? Because HK is still under PRC, period.   Why the declaration to deploy up to half the Chinese assets, and must progressively some more, and also not more than half  .... likely because of PRC capital control.   More than 85% of YFH assets is currently still in PRC as at 1H23 with a valid $2b liquidity pool quota,  so why delist now if the strategic objective is to deploy up to 50% (likely allowable by PRC) of YFH Chinese assets offshore over the long term ? No, I do not think YFH delisting option is on table   YFH current persistently depressed price at ~0.3xNAV is a direct reflection of its last known ongoing asset return capability, which was FY22 NPAT $162m instead of its supposedly steady state NPAT $320~340m between 2019~2021.    When YFH could demonstrate its ability to deliver an NPAT ~$340, the price will rise to ~$0.75 with DPS of $0.038. And to see ~$1.0, the NPAT will have to reach ~$450m with a DPS of $0.05. Concurrently, YFH could aggressively sbb at the ongoing steep discount price to hasten the EPS improvement to hasten the lifting of the market price.   So, the current low valuation in YFH is not a valid reason for delisting because it will still face similar valuation issue in another Exchange due to its current still sub par asset return capability.   To reiterate, I do not think YFH delisting option is on table
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sgng123 Supreme	02-Nov-2023 16:23        sgng123 About Contact  Quote this Post!
x 0   x 2  Alert Admin	Always remember top4 share holders When controlled 60%. We belong to 40% with majority of shares in cpf acct retail. If Mr Ren wanna buy out, he got the financial mean to do it. Those yzkfh share in cpf mostly free gift from spinoff, a good premium over VWAP , a lot of cpf investors would bite on. When 90% including 60% top investors say yes, it over. In short privatisation only need 30% retail to give nod. The odd too great to overcome couple with geopolitical risk from middleeast and ukraine, china ua trade war. A good offer price, a lot of bro in forum also surrender loh.
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