YZJ Maritime    Last:0.61   -

YZJ Maritime

Ren probably would say, if asked, that SBB has been heldback because of the new developments in the Middle East. YZJM probably would have conducted the buy back by now but with ME war ongoing, which is 100% negative for stock markets in general, unless the companies' businesses are related to producing weapons or weapons related such as chips. Maybe Ren is waiting for worse case scenario where overall market tank 20% in short time and YZJM would then start to buy back the shares. As it is, if the war does not get worse, $0.5 is strong support level and I think for SG market, generally it is still strong, especially for companies that are involved in producing chips, semi conductors and even banks especially if they are profitable historicially. In this regard, YZJM [and YZJF for that matter] has nothing to show for. Also, companies with huge cash such as ComfortDelco, even though their businesses seems affected badly due to higher fuel cost and uncertainty, they are still doing well. This implies that if situations get worse, markets may favour companies which are net cash. Therefore, YZJM and YZJF are in a kind of awkward positions, both are regarded as new entities by the market which market will be cautious especially in this uncertain time. On the other hand, both companies have huge cash in hands which the market cannot ignore too and both share prices are below respective NAV per share now. As it is, pessimism seems to have upper hand, as the prices are being pushed down constantly. However, market' s appetite on risk on could be ferocious if marco environment improves. If for some reasons the war stopped in the near future, both YZJM and YZJF would have many opportunities to utilise their huge cash. For now it is only normal and nature to be pessimistic and I wouldn' t be surprised YZJM get tested for price below $0.5 but YZJM seems to have found the footing around $0.25. Let' s see. Long investors can make own assessment and act accordingly, whether to sell, add or do nothihg. Whatever it is, we really have to seriously run through the scenarios where the share price drop below $0.5 and $0.235 for YZJM and YZJF respectively. Don' t say I would add or do nothing but ended up selling at the lowest price range due to panic when the price crashes. 

 

mandate to do share buy back gives management an extra way to fight shorty.
unused bullets are more powerful then used one. especially under current conditions of
war. any price move up will easily get scoop and dump down. but an unused money ready 
to eat up an shorty actions is good. remember to give back when they scoop. they scoop you give.
they dump you buy. so money will transfer to your pocket. if keep buy will runnning out of money
soon.

 

You do have a point.

Like HVRRVH, I too, was also quite puzzled as to why the rush to call EGM for a SBB mandate in early Mar and the call was made even before the FY25 result release. And now long after the mandate was given and the share price was repeatedly being hammered down to new lows especially after the departure and then the redesignation of the new CFO, the coy has made no attempt to initiate sbb. Why went through the trouble to especially arranged a separate and early EGM to get the mandate if there is no intention to buy back ? Why not just get the mandate with the AGM and EGM on the same date in Apr ?

I believe Ren has his thinking although I do not know his rationale, and I would certainly prefer that he initiated the real sbb live action. But Ren is not a bloody mouse, certainly not, he is a no nonsense, decisive and strategic leader and I would accord him the respect accordingly.

And, the YZJ companies are not the typical S chips. They do have their own sets of operational and management problems but they are solid coy with strong bal sht and Long views.

I made quite a lot of money in YZJSB, and much more again in YFH, and I believe the new YMD is going to be even much more rewarding in the years ahead especially with Ren personsally steering the ship.

As to why call a rush sbb mandate and no sbb action, we could probably ask Ren during the coming AGM in Apr.

LoudShout      ( Date: 27-Mar-2026 14:30) Posted: If you dont bother about share price, then dont went out to say at 60 cents, share price was undervalued.  You wanted to do share buy back to enhance shareholders value.  convened EGM to approve the mandate.  And, like a bloody mouse, no sound, no action.  So now you are conservative.  I think just one of those S chips..

 

YZJ started as one......now 3.......still haven' t proven itself?
Mother share trading between 3+ to 4+.......how many ppl made tons of money from YZJ?
YZJFH from 30c to 1.20 then split......another group made tons of $$.
It isn' t another S chip la!

 

If you dont bother about share price, then dont went out to say at 60 cents, share price was undervalued.  You wanted to do share buy back to enhance shareholders value.  convened EGM to approve the mandate.  And, like a bloody mouse, no sound, no action.  So now you are conservative.  I think just one of those S chips..

 

Yangzijiang is very conservative, they dont need the share price to prop up asset value, thier asset is in cash. Share buy back when YZJ share is really very cheap like Prize/NAV of 0.3

LoudShout      ( Date: 27-Mar-2026 09:27) Posted: What to expect when the Co went out to say its share was underalued around 60 cents, and would do share buyback, and convened shareholders' meeting to approve the sbb.  Now approved, no sound, no action.  No credibility so far, until we see share buyback from its so called huge cash balance. rayokc      ( Date: 27-Mar-2026 07:30) Posted: All YZJ shares are hopeless. Better run faster.

 

What to expect when the Co went out to say its share was underalued around 60 cents, and would do share buyback, and convened shareholders' meeting to approve the sbb.  Now approved, no sound, no action.  No credibility so far, until we see share buyback from its so called huge cash balance.

rayokc      ( Date: 27-Mar-2026 07:30) Posted: All YZJ shares are hopeless. Better run faster.

 

Share buy back?

 

All YZJ shares are hopeless. Better run faster.

 

SGX is the graveyard of S chips.  They will resurface and pretend to be otherwise..

 

Sgx stock very difficult to trade. Can buy value sit and wait. Want fast go try china stock like yofc. Your heart must be strong

 

Today T+4...I cut 5.25 this morning. Lose 3 bids....

 

There are 4 kinds of Co:

(1)  They Speak, They Act on It
(2)    They Dont Speak, They Act on it where the share price drops believe what they believe to be undervalued
(3)  They Dont Speak, They Dont Act

And the Last Category

(4)  They Speak, And they hesistate to Act

 

• On Value and Strategy: Ren noted the buyback initiative reflects confidence in the company' s intrinsic value, which may not be fully reflected in the current share price. It is also aimed at rewarding long-term shareholders, increasing liquidity, and reinforcing confidence in the company' s growth strategy.
• On Future Commitment: The CEO highlighted a strong financial position, including roughly US$0.5 billion in cash and US$2 billion in net assets, allowing for both sustained dividends and buybacks. 

• Mandate Approval: The resolution was passed with 99.9% support from shareholders, allowing a buyback of up to 10% of total issued shares.
• Timeline: The plan was initiated following the November 2025 listing, with official approval on March 6, 2026.

 

it' s a good move for those who sell high and cover back low.
i not good enough to do that. got many free and has been adding bit by bit from 66 downwards.
i believe in following people with track records then newbie who can loose 1.8b.
this is a stock lead by veteran in decades of successful ship building contacts and experience.
good probabilities of success as time progress.
slowly collect cheap as non believers and organized shorts make it cheaper.
ships are taking longer journey 10-14 days round cape to skip war zone. surely that is more
demand for ships.
winners are oil companies not from war zone of middle east. they can sell as much forward contract now to lock in the high price.once war end, price likely to drop back to below $60 a barrel.
so is usd. artificial high. us gov debt approching $40 trillion. not that us gov will default. they can always create more. just that the exchange rate may drop to much lower. 40 trillion rupiah is not much debt.

 

 

Market is trying to supress the price using the current volatile macro environments. Some people are buying and sellers can sell x volume at certain price but buying back much bigger y volume at much lower price too. I wouldnt be surpised if someone here had sold at $0.7 to $0.55 range and buying back now. To be frank, overall SG market seems strong, many stocks in my portfolio and watchlist did not suffer big price drop as they are all profitable companies with net cash. Their prices did not drop to the level that I am comfortable to add. Problem with YZJM is that they are not yet tested as they are only listed on 18/11/25. Even though they are showing the market that they are profitable, based on pre spin off proportional figures, they are currently on their own with no track records yet. Some parties may see this as an opportunities to press down the price for big collections, with time frame of at least 3 years in mind. I do share the sentiment that with regard to SBB, when you hurried to get the mandate, but you don' t seem interested to conduct SBB now and it is a bit odd. Perhaps the company will step in only when there is huge selling, just like previously with YZJF, when sellers have no hesitation of selling million of shares at one go. Currently, the trade volumes are thin. Long holders just need to be patient and as shareholders, if we have any questions, we can ask the management to clarify in the upcoming AGM. 

 

Think share buy back is useful when there is a big selling due to real sell . At the moment it looks more like organized shorts scoop and dump. Trying to scare small holders to hollow dump. Market at the moment more a trump talk decide. No need to worry. If shorts artificially bring low low there will be real buyers.else shorts eventually have to cover.

 

Walk the talk, stop giving interview.. put your money where your mouth is.    If no SBB, they SSH buy if you believed at 60 cents, share price is undervalued..

 

At 60 cents, you big mouthed share undervalued and wanted to improve shareholder value  .. would initiate share buyback mandate.  called for shareholders' approval.  got it..
share price dropped and no share buyback
It just reflect on talk is cheap...typical S chip

 

extracted from baidu an interview with ren.
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