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Bot some 295....
kt3152 ( Date: 26-Feb-2026 11:03) Posted:
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It would be hugely positive if npl is no longer an item on the balance sheet going forward. Let' s hope it is the case so that in future even if the npl/debt is written off, it will not affect the future balance sheets.
Pre spin off yfh had RE $379m, ymd took us$168m or ~$218m, so yfh should be left with RE $161m.
Yfh accounted for 46% of 1h25 npat or ~$63m. Estimated fy25 npat should be ~$120m. To incur losses, npl provisions likely >$120m, likely a final stroke to try clear out all the npl by 2026.
HVRRVH ( Date: 26-Feb-2026 11:15) Posted:
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[SINGAPORE] Yangzijiang Financial shares fell on Thursday (Feb 26) morning amid heavy trading on news of the investment management company?s forecast loss for its second half and full year.
This comes ahead of its H2 and FY2025 financial results, which are expected to be released on or around Friday.
As at 10.19 am, the counter dropped as low as S$0.29, 15.9 per cent or S$0.055 below its latest closing price on Wednesday of S$0.345, with more than 53.7 million shares changing hands. This marked its lowest price in more than two years, as it last traded below this price in October 2023.
By 10.25 am, the stock trimmed some of its losses and was trading at S$0.295, down 14.5 per cent or S$0.05. With around 54.1 million shares transacted, it was the second most heavily traded stock on the Singapore Exchange by volume.
The company on Wednesday said it expects to post a loss for its second half and full fiscal year. This would mark a reversal into the red from its FY2024 net profit.
The projected declines were attributed to the recognition of substantial credit loss allowances, after a ?comprehensive review? of the group?s debt investment portfolio.
Yangzijiang Financial said it conducted the reassessment to reflect updated credit risk profiles, given current market conditions in China?s real estate and credit markets. This led to higher provisions for non-performing loans and expected credit loss allowances.
This comes ahead of its H2 and FY2025 financial results, which are expected to be released on or around Friday.
As at 10.19 am, the counter dropped as low as S$0.29, 15.9 per cent or S$0.055 below its latest closing price on Wednesday of S$0.345, with more than 53.7 million shares changing hands. This marked its lowest price in more than two years, as it last traded below this price in October 2023.
By 10.25 am, the stock trimmed some of its losses and was trading at S$0.295, down 14.5 per cent or S$0.05. With around 54.1 million shares transacted, it was the second most heavily traded stock on the Singapore Exchange by volume.
The company on Wednesday said it expects to post a loss for its second half and full fiscal year. This would mark a reversal into the red from its FY2024 net profit.
The projected declines were attributed to the recognition of substantial credit loss allowances, after a ?comprehensive review? of the group?s debt investment portfolio.
Yangzijiang Financial said it conducted the reassessment to reflect updated credit risk profiles, given current market conditions in China?s real estate and credit markets. This led to higher provisions for non-performing loans and expected credit loss allowances.
It is not operating collapse, but asset write-down
the management is prudent to recognise losses early and clean up the balance sheet after the spin-off
the management is prudent to recognise losses early and clean up the balance sheet after the spin-off
Hopefully. YZJF has been drag down by DI since day 1.
volvo125 ( Date: 26-Feb-2026 11:36) Posted:
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Pure investment company means the write off for di china property related is last time. No new property di since they said get out of di sometime ago. So nta gt 50 cents, 29.5 cents is a bargain to me. They just need to invest to get 8% return will be good dividend later.
Hope got chance to double my amount of share!
Pre spin off as at 1H25, yfh had cash $1027m, or $1521m including yield products (near cash). Post spin off ymd took u$359m cash or ~$468m, so yfh should be left with ~$560m.
As at 1H25, yfh total assets (after adjusted for spin off) should likely be left with ~$1984m with negligible liabilities, ~$560m, ~$1120m in DI(net after $204m provisions), and ~$304m (fvtpl assets, trade receivables, others).
Yfh accounted for ~46% of the 1H25 npat or ~$63m, so fy25 npat should likely be ~$120m assuming neutral adjustment from exchange gain or loss. In order to register losses, yfh likely recorded a new substantial npl provision of >$120m against its net NPL ~498m in the book.
RenYL had in 2024 told shareholders during agm that yfh was on track in clearing the npl in 40%(2024), 30%(2025), 30%(2026). Again during 2025 agm, Ren told shareholders yfh was in line to clear the second 30% in 2025. During the sep25 egm, the ymd circular mentioned yfh has plan to sell off npl via judicial auctions. I believe yfh might have tried to clear the npl but realized the net book value was still well below what the potential buyers wanted to pay.
This substantial npl provisions >$120m likely is a final stroke for yfh to cut off the toxic npl from its book.
Yangzijiang Financial to report a loss for H2, full-year FY2025
This follows a reassessment to reflect updated credit risk profiles in China&rsquo s markets
[SINGAPORE] Yangzijiang (YZJ) Financial expects to report a loss for its second-half and full 2025 fiscal year, it announced in a bourse filing on Wednesday (Feb 25).
This would be a reversal from the net profit posted for FY2024. The company attributed the decline to the recognition of substantial credit loss allowances, following a &ldquo comprehensive review&rdquo of the company&rsquo s debt investment portfolio.
The reassessment is a reflection of &ldquo updated credit risk profiles in light of current market conditions in China&rsquo s real estate and credit markets&rdquo , it added.
These led to higher provisions for non-performing loans, as well as the expected credit loss allowances.
Following the spinoff of its maritime fund and maritime investments business last year, YZJ Financial is no longer a pure-play investment management company.
Its profit guidance is based on a preliminary assessment of its internal management accounts. The company plans to release its financial results for both H2 and FY2025 on or around Feb 27.
Shares of YZJ Financial : YF8 -1.43% ended 1.4 per cent or S$0.005 lower at S$0.345.
Investors should take note of the following:
1) Recognition of credit loss allowance - It is not write off or impairment. It is just recognising that the debt cannot be collected at the moment and as per accounting practice, the corresponding sum has to be provided in the event that the debt is write off. Of course, it is still negative but the debt is still there, if in future it is collected, there will be an item in the balance sheet termed ' write back of credit loss allowance' or something to that effect. In fact, it has already happened before in YZJF' s book. There is no actual cash loss in ' recognition of credit loss allowance' .
2) The company can declare dividend even its FY results show a ' loss' , as long as they have retained earnings. In this case, YZJF has been profitable since listed in 2022 and it has no debt and huge cash in hands. They can difinitely afford paying dividend if they want. The question is not whether they can but whether they will.
YZJF is at the cross road after spin off. The lucrative maritime segment was spin off and it is now a pure play investment company. It started with huge debt investment businesses in China real estate sector and incredibly, the sector is still in doldrums after so many years. It seems that the China govt is teaching real estate tycoons a lesson as they have been having it good for so long. Now, the message seems to be ' you clear up your own mess' as long as it doesn' t affect other aspects of China economy. Before the spin off, YZJF reported 1H25 profit of $137m. So, I am curious how much of this profit has been shifted to YZJM as it defy logic to turn $137m profit into a loss in 6 months. Let' s be clear, the management did not manage the upcoming results announcement well. What' s the point of issuing profit guidance 2 days of actual results announcement? This should be done at least 2 weeks ago. I think the administrative and accounting works with regard to spin off may have overwhelmed them. In summary, YZJF back to pre spin off day and its valuation shuold stay at current level for some time, unless its DI business sees positive development. They still seems unable to find opportunities to deploy their huge cash, there was no news after the proposed RMB$1b investment into Shanshan did not materialise. The management should face some questioning in the upcoming AGM.
1) Recognition of credit loss allowance - It is not write off or impairment. It is just recognising that the debt cannot be collected at the moment and as per accounting practice, the corresponding sum has to be provided in the event that the debt is write off. Of course, it is still negative but the debt is still there, if in future it is collected, there will be an item in the balance sheet termed ' write back of credit loss allowance' or something to that effect. In fact, it has already happened before in YZJF' s book. There is no actual cash loss in ' recognition of credit loss allowance' .
2) The company can declare dividend even its FY results show a ' loss' , as long as they have retained earnings. In this case, YZJF has been profitable since listed in 2022 and it has no debt and huge cash in hands. They can difinitely afford paying dividend if they want. The question is not whether they can but whether they will.
YZJF is at the cross road after spin off. The lucrative maritime segment was spin off and it is now a pure play investment company. It started with huge debt investment businesses in China real estate sector and incredibly, the sector is still in doldrums after so many years. It seems that the China govt is teaching real estate tycoons a lesson as they have been having it good for so long. Now, the message seems to be ' you clear up your own mess' as long as it doesn' t affect other aspects of China economy. Before the spin off, YZJF reported 1H25 profit of $137m. So, I am curious how much of this profit has been shifted to YZJM as it defy logic to turn $137m profit into a loss in 6 months. Let' s be clear, the management did not manage the upcoming results announcement well. What' s the point of issuing profit guidance 2 days of actual results announcement? This should be done at least 2 weeks ago. I think the administrative and accounting works with regard to spin off may have overwhelmed them. In summary, YZJF back to pre spin off day and its valuation shuold stay at current level for some time, unless its DI business sees positive development. They still seems unable to find opportunities to deploy their huge cash, there was no news after the proposed RMB$1b investment into Shanshan did not materialise. The management should face some questioning in the upcoming AGM.
Got this from Gemini. YZJ Financial (SGX: YF8) - Post-Spin-Off
Total Net Cash: Approximately S$956.7 million.
Net Cash per Share: Roughly 27.5 Singapore cents.
Total NAV per Share: Roughly 53.7 Singapore cents.
If correct buying at 29 seems OK......
Added some 🤞
YZJFH @ 1.24 (Before spinoff)
YZJFH + YZJMD = 0.30 + 0.585 = 0.885
YZJFH + YZJMD = 0.30 + 0.585 = 0.885
don' t appears too good with the result ... but i think separating from maritime allows each entity to be valued on its own merits. Maritime is cyclical, project-based that linked to global shipping demand. Whereas, YZJFH is asset management and capital deployment, structured finance and so forth.
in time to come, another good dividend stock
in time to come, another good dividend stock
think the provision is more like kitchen sinking activites.
see how low the kan cheong spiders and shorty.
those who want out has probably sold sometime ago.
share price going to be volatile today. short or long both can make.
dyodd
see how low the kan cheong spiders and shorty.
those who want out has probably sold sometime ago.
share price going to be volatile today. short or long both can make.
dyodd
read the posting on sgx annoucement for correct message.
" In addition, following the completion of the spin-off of the Maritime Fund and Maritime Investments Business during FY2025, the maritime segment was deconsolidated from the Group. As a result, the Group is now a pure-play investment management group. "
don' t be mislead by others posting.
" In addition, following the completion of the spin-off of the Maritime Fund and Maritime Investments Business during FY2025, the maritime segment was deconsolidated from the Group. As a result, the Group is now a pure-play investment management group. "
don' t be mislead by others posting.
Winnertakeall ( Date: 25-Feb-2026 20:45) Posted:
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Spin off to lose? Then why spin off? What?s the logic here?
Likely to kannah by shortlist tomorrow, dividend also cannot cover the loss.
Winnertakeall ( Date: 25-Feb-2026 19:52) Posted:
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Yangzijiang Financial to report a loss for H2, full-year FY2025
This follows a reassessment to reflect updated credit risk profiles in China marketsSINGAPORE] Yangzijiang (YZJ) Financial expects to report a loss for its second-half and full 2025 fiscal year, it announced in a bourse filing on Wednesday (Feb 25).
This would be a reversal from the net profit posted for FY2024. The company attributed the decline to the recognition of substantial credit loss allowances, following a & ldquo comprehensive review of the company debt investment portfolio.
The reassessment is a reflection of updated credit risk profiles in light of current market conditions in China real estate and credit markets, it added.
These led to higher provisions for non-performing loans, as well as the expected credit loss allowances.
Following the spinoff of its maritime fund and maritime investments business last year, YZJ Financial is no longer a pure-play investment management company.
Its profit guidance is based on a preliminary assessment of its internal management accounts. The company plans to release its financial results for both H2 and FY2025 on or around Feb 27.