Yangzijiang

[kiasiDBT]

Nomura report states tat "Undervalued, under-appreciated" and raised TP from 2.22 to 2.30

[winston]

Not vested

Yangzijiang said its first quarter net profit rose 63 percent to 954.9 million yuan ($146.6 million), up from 586.4 million yuan a year ago.

"Order wins and higher revenue from productivity gains plus the strong first quarter results are expected to boost its share price," said CIMB in a report.


Source: Reuters

[winston]

Not vested

Singapore Hot Stocks-Yangzijiang falls on economic growth concerns

SINGAPORE, June 15 (Reuters) - Shares of Singapore-listed shipbuilder Yangzijiang fell as much as 2.6 percent on Thursday, weighed by worries its orders may be hurt because of signs of global economic weakness.

At 0308 GMT, shares of Yangzijiang were 2 percent lower at S$1.50 with over 5.6 million shares changing hands.

Fellow shipbuilder COSCO Corporation also saw its shares slide 1.7 percent to S$1.75.

U.S. inflation data on Wednesday showed the U.S. economy is facing a troubling mix of higher prices and weak growth.

[ID:nN15281293] "The recent concerns over a slow down in not just the U.S. economy but also China's, coupled with a potential oversupply and weak shipping rates have dampened sentiment for shipbuilders," said a local trader.

Source: Reuters

[winston]

Not vested

Singapore Hot Stocks-Yangzijiang falls on Europe, bulk carrier concerns

SINGAPORE, July 18 (Reuters) - Shares of Singapore-listed Chinese shipbuilder Yangzijiang fell as much as 3 percent on Monday to a one-year low, weighed by concerns about the euro zone's debt crisis and an oversupply in the bulk carrier market, traders said.

At 0206 GMT, shares of Yangzijiang were 2.3 percent lower at S$1.28 with over 5.2 million shares changing hands.

"There are worries that the worsening debt crisis in the euro zone could have some contagion effect and dampen orders from Yangzijiang's Europe-based customers, given that about 70 percent of its revenue comes from Europe," said an analyst.

Investors have also turned more bearish on shipbuilders of bulk carriers such as Yangzijiang, as the sector faces an over supply in the near term, traders said.

Source: Reuters

[Chinaman]

2 days ago bot 1.29, then immediately drop to 1.24....
Today the Chairman not Chinaman bot 500 lots, rocket up 9 cts to closed at 1.325.

I see good buy at 1.25 for this ticker. But contemplating to run at 1.35

How? any guru or those vested got any input to share share?

[iam802]

but, article above says...oversupply of bulk carrier (which translate to weak orders, right).

[iam802]

Chart is very bearish.

It has been down since Feb.

Will wait for consolidation or trend change before going in.

2011Jul-Yangzijiang-800x600.png

[Chinaman]

bro 802,
yr chart very informative...mine very plain,see ARA chart i put up now, hehe...you TA xpert huh like bro k.

[winston]

Not vested

Singapore Hot Stocks-Yangzijiang extends gains on upbeat announcement

SINGAPORE, July 20 (Reuters) - Shares of Singapore-listed Chinese shipbuilder Yangzijiang rose as much as 3.8 percent on Wednesday, extending gains from the previous trading session after the firm said it is bullish on its first-half net profit.

At 0227 GMT, Yangzijiang shares were up 2.6 percent at S$1.36 on a volume of 25.6 million shares. The stock was the third highest traded by volume so far.

"The stock has looked a bit oversold over the past weeks.

When the company said it can generate 30 percent year-on-year growth, the market is punting on it," said Brenda Lee, an analyst at BNP Paribas.

"But the industry outlook, whether it is bulk or containership, is actually deteriorating because there is a serious supply glut coming for 2011," she added.

"This explains why some shipbuilding companies can register record earnings in the current financial year but it's all going downhill after this." Yangzijiang is confident of reporting on Aug 11 not less than a 30 percent rise in first half net profit, the firm said on Tuesday, adding that if its share price continues to fall without fundamentals, it does not rule out exercising a share buyback.

It also said that it has diversified its portfolio away from European-based customers, and that it currently has no immediate convertible bond financing plan.

Source: Reuters

[Chinaman]

2 days ago bot 1.29, then immediately drop to 1.24....
Today the Chairman not Chinaman bot 500 lots, rocket up 9 cts to closed at 1.325.

I see good buy at 1.25 for this ticker. But contemplating to run at 1.35

How? any guru or those vested got any input to share share?

me not a gd stock investor, instead herd investor...bot 1.29, run fast fast at 1.35....
Think it not my cup of tea......better sleep well on blue chip stocks.

See wat i said is truth...after let go at 1.35,
today YJZ up again to closed at 1.425...herd investor ended loss more win less...