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YZJ Fin Hldg
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YZJFH - potentially rewarding
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arkan1111
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02-Nov-2023 15:50
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Hired the experts 败 家 子 turned SGD1.00 share to SGD0.3, really 厉 害 .  Old Ren say better he himself DIY save money for company | ||||
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arkan1111
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02-Nov-2023 15:41
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all the 败 家 子 s run road, may be good for YZJFH | ||||
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arkan1111
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02-Nov-2023 15:35
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Have money but more to keep, no money dont buy but dont sell also.  | ||||
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arkan1111
Veteran |
02-Nov-2023 15:33
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No delist lah, delist haow to face the CPF board, few years later will fly to SGD2.00 haha | ||||
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volvo125
Master |
02-Nov-2023 15:28
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Yes, the market may demand a higher yield for stocks in general going forward due to the high bond yields amid the high FED rates. It will affect all the stocks and those with high gearing will certainly going to crash big time due to the higher yield expectation and higher interest burden squeeze. So for YFH that has negligible debt, say if the coy could achieve ~$340m and pay a DPS of 0.038 based on its current 3602m shares O/S, it' s price would be lifted up to 0.69 at 5.5% yield or 0.63 at 6% yield.  The price will rise to reflect its updated higher asset return capability though at a slower pace to the the higher yield expectation.
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pkli899
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02-Nov-2023 15:23
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I' m quite sure it will get there, maybe in a few years' time. Provided everything go according to their plan. Their type of business need time to see results. That' s why those who believe in them are willing to wait. Me one of them.
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Amateurinvestor
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02-Nov-2023 15:18
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If really hit $1 within one year , let?s organise a pcc session in orchard road
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stonkmaster
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02-Nov-2023 15:13
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Wow if yzjfh can become $1 i think most of us here will be laughing to sleep everyday.
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like2learn
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02-Nov-2023 15:07
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agree with your points, i also think delisting is off the table. furthermore, based on AR2022, mr ren' s stake is only 20%+.  the major china banks are also trading at low book value. one can argue abt their assets etc etc. while YFH is not the same but i think it might have to do some forms of national service. i agree the key to share price is probably EPS/DPS. but given the high risk free rate, i think 5% dividend yield may not be enuff, i.e. mkt may need DPS of $0.04 for $0.5 share price. as the share price moves closer to book value, the mkt may demand even higher dividend yield. so realistically how soon can we see the kind of EPS/DPS ?   i think it' s hard to tell.
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sgng123
Supreme |
02-Nov-2023 15:02
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Just be careful, china gov imposing financial control on capital outflow. Might be why DI never got reduced nor increased, china gov limiting amt of capital outflow. Pls remember china is not democratic nor capitalist country, it is communist social based country. When they go hard on business, it cause lot of problem. YZJFh plan to diversify 50% asset might go against china gov policy of capital control. That might explain why sg ceo so abruptly removed and powerreturned to founder ren. This is big picture trend , don matter if company making money or not. Geopolitical risk man. Would take lot of years to reverse course till US china rivary ended in 2027. Money from china might be limited to transfer to sg. | ||||
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volvo125
Master |
02-Nov-2023 14:34
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I would be very worried if YFH were to ditch DI or reduce DI to a very low proportion at this juncture before the mgt could find the avenues to fully deploy these redeemed DI funds to the more attractive 12~18% pa returns PPE or other offshore private credits. Such unlocked DI funds that could not be productively deployed to PPE could only be parked in short term Cash & Yield products that return ~4% pa in contrast to DI ~12% pa gross return . This is disastrous to YFH NPAT.   
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volvo125
Master |
02-Nov-2023 14:14
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Ha ha ... no way this " Chew" can be ranked 21st with just 1.088mil shares because the ranked 20th was BPSS Nominees with a distant 10.918mil shares as at 31dec2022 in the AR. There were 85 sharesholders or custodians with shares > 1.0mil. 1mil~ will probably ranked 85th ....
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volvo125
Master |
02-Nov-2023 14:06
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I fully agree that having  DI, at a higher proportion in the current market condition, is a good move to earn steady state interest income provided proper and thorough Due D with sufficiently high collateral are backed. 
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sgng123
Supreme |
02-Nov-2023 14:01
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Ai ya don be surprised, china based company listed and delisted when valuation low is very common in SGX. A lot of china  companies had alrdy left SGX and relist in china. it common trend these few years, SGX becoming REITs ETF exchanges lol.
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volvo125
Master |
02-Nov-2023 13:30
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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 13:18
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Better for Ren to give a good offer price to delist as US china trade war is a 10 year event starting 2017 end 2027 YZJFH would continue to get hammered even if it delivered 10% yield, it a no brain whack by american funds. Delist and grow quietly in background then made comeback in 2027 through IPO when trade war end. The continued hammering of stock price would hinter yzjfh AUM growth, best lie low and stay out of radar |
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sgng123
Supreme |
02-Nov-2023 13:05
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40% of free float shares = 1.47b shares 60% held by Ren family and associate. Assuming they offer 0.50 to delist , only need 0.5 x 1.47b = $735m. YZJFH if no provision provided for npl can easily made net profit $250-$300m yearly. Ren and associate can easily recoup their offer price in 3-4 years as they don need to pay dividend after delist. Or they could use the cash generated to invest in more fund and easily pay loan interest for privatisation. Old ren laugh to bank as SGX low valuation give him chance to make big killing. The math is donable and very profitable for ren. if wanna blame, blame the stupid US china trade war where US fund brainless short every listed china companies with no regard to fundamental and SGX for being a shorting focus exchange. |
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sgng123
Supreme |
02-Nov-2023 12:44
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Old ren seem very pissed on below posted interview on edge.
He made a threat to buy in open market when SSB 10% limit hit.
This is not guessing, check it below it all mentioned inside.
Current SBB at 9.5%, hardcore very near to 10%.
Recent changes in management toward smaller headcount strong hint
Old ren would do something.
Curtently his stake in yzjfh 23.4% post SSB , if he buy in open market he push tpward SGX 30% limit for general offer.
Whether he do it slowly toward 30% ownership or straight out privatisation is no surprise.
Distressed stock price is damaging yzjfh reputation for attracting investors into maritime fund, GE fund etc.
Stock price ultimate guide for financial firm, shitty undervalue meamt less trust.
Just end this drama by delisting with good offer price as Ren and associate alrdy controlled 60%, don need a lot of money to buy out retail contrillef 40%.
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Login20
Master |
02-Nov-2023 11:46
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If that count I have nothing to say. I close my case
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pkli899
Supreme |
02-Nov-2023 11:45
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Yes, me too. Unscrupulous way of gaining don' t seems like old Ren style. Why he chose to list here got it' s reason......reputation. And I don' t think he want to ruin his hard earned reputation.
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