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ss2017. Supreme	05-Nov-2022 15:33        ss2017. About Contact  Quote this Post!
x 0   x 1  Alert Admin	May be asking CFO promoting YZJFH new products. volvo125      ( Date: 05-Nov-2022 15:29) Posted: Huh ? Analyst briefing ? Wonder why only Liu Hua attending and Vincent Toe not in the picture .... unclebond      ( Date: 05-Nov-2022 13:27) Posted: I think the down cycle has completed. Hopefully is the begining of the uptrend.  FYI, From Lim & Tan Securities, Date 09 November 2022 (Wednesday) Time 5.30pm - Registration 6.00pm - Mr Linus Loo, Mr Nicholas Yon & Mr James Lim,  Research Team of Lim & Tan Securities Pte Ltd 7.00pm - Ms Liu Hua,Chief Financial Officer and Chief Operating Officer of Yangzijiang Financial Holdings Ltd 7.20pm - Ms Liu Hua, Director of Yangzijiang Shipbuilding Holdings Ltd Do note that this event is strictly  by invitation  only
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volvo125 Master	05-Nov-2022 15:29        volvo125 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Huh ? Analyst briefing ? Wonder why only Liu Hua attending and Vincent Toe not in the picture .... unclebond      ( Date: 05-Nov-2022 13:27) Posted: I think the down cycle has completed. Hopefully is the begining of the uptrend.  FYI, From Lim & Tan Securities, Date 09 November 2022 (Wednesday) Time 5.30pm - Registration 6.00pm - Mr Linus Loo, Mr Nicholas Yon & Mr James Lim,  Research Team of Lim & Tan Securities Pte Ltd 7.00pm - Ms Liu Hua,Chief Financial Officer and Chief Operating Officer of Yangzijiang Financial Holdings Ltd 7.20pm - Ms Liu Hua, Director of Yangzijiang Shipbuilding Holdings Ltd Do note that this event is strictly  by invitation  only   volvo125      ( Date: 04-Nov-2022 23:02) Posted: Ya ... we are vested so we could only hope for the best in the current turbulent market. But our hope has basis so I am comfortably optimistic
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unclebond Master	05-Nov-2022 13:27        unclebond About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think the down cycle has completed. Hopefully is the begining of the uptrend.  FYI, From Lim & Tan Securities, Date 09 November 2022 (Wednesday) Time 5.30pm - Registration 6.00pm - Mr Linus Loo, Mr Nicholas Yon & Mr James Lim,  Research Team of Lim & Tan Securities Pte Ltd 7.00pm - Ms Liu Hua,Chief Financial Officer and Chief Operating Officer of Yangzijiang Financial Holdings Ltd 7.20pm - Ms Liu Hua, Director of Yangzijiang Shipbuilding Holdings Ltd Do note that this event is strictly  by invitation  only   volvo125      ( Date: 04-Nov-2022 23:02) Posted: Ya ... we are vested so we could only hope for the best in the current turbulent market. But our hope has basis so I am comfortably optimistic. GoldenPig      ( Date: 03-Nov-2022 02:15) Posted: @volvo125, I also think YFH is still fundamentally sound though it will not hit its target returns in the first couple of years. Just not sure how far below target. So it is good to see your analysis. Based on your estimates of FY22 NPAT of $218~224m and 3,595m remaining shares in public float, the estimated FY22 dividends per share is 2.43~2.49 cents. That is assuming coy does not pay out more than the minimum 40% of returns it has promised. Good to keep all these in mind as we do not know whether share price will stay around current level or hit new lows.
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volvo125 Master	04-Nov-2022 23:02        volvo125 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya ... we are vested so we could only hope for the best in the current turbulent market. But our hope has basis so I am comfortably optimistic. GoldenPig      ( Date: 03-Nov-2022 02:15) Posted: @volvo125, I also think YFH is still fundamentally sound though it will not hit its target returns in the first couple of years. Just not sure how far below target. So it is good to see your analysis. Based on your estimates of FY22 NPAT of $218~224m and 3,595m remaining shares in public float, the estimated FY22 dividends per share is 2.43~2.49 cents. That is assuming coy does not pay out more than the minimum 40% of returns it has promised. Good to keep all these in mind as we do not know whether share price will stay around current level or hit new lows.
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volvo125 Master	04-Nov-2022 22:51        volvo125 About Contact  Quote this Post!
x 1   x 0  Alert Admin	Eh .... no, YFH is NOT in banking business becuase it does not have a banking licence in PRC. YFH cannot solicit deposits. YFH only has approval on promotion and commencement of business (through DI) and a business licence to engage in micro loans from the JiangSu Province government (Page 52, YFH Introductory document). Public and private equities investments in PRC are done through GPs and third parties. In SG, the acquisition of GEM allows YFH to set up its own fund and wealth management businesses as GEM has a CMS licence. Yes and No ... on YFH dependence on its share price for its capital. No, ... because YFH has near zero L/T debt so there is no need to maintain the share price beyond certain level to satisfy loan covernant if shares were pledged as collateral. Yes, ... because YFH share price will have a direct reflection on its image, reputation (Page 36, YFH Introductory Document, on the importance of Reputation) and competency as a successful Asset Manager. If YFH share price commands a value that is more reflective or exceeded its intrinsic value, more wealth and instituition investors will come in to increase the AUM (or the Capital pool) due to higher confidence. Share price do not affect the balance sheet. Share price will only affect the market capitalisation which is a Market Value. The balance sheet records the Book Value. Market Value and Book Value are two different things. SBB will enhance the Book Value whilst the RMB devaluation against SGD in FY22 will run down Book Value due to the reporting currency in SGD.   Hawkeye      ( Date: 04-Nov-2022 09:44) Posted: We must remember that Yangzijiang Financial is Banking Business, only without depositors to service. They dont need to depend on share price for their capital. However share price do affect the balance sheet since they do Share Buy Back and hold treasury shares. emailpeter      ( Date: 04-Nov-2022 09:41) Posted: Thanks @volvo for the explanation, albeit being no more than theatrically circumstantial evidence. If one is to think of FH as an unlisted company (private equity), then we need not follow it's share price. Just look to its forthcoming dividends to judge our intelligence (or even the lack off) in investing to FH. I guess only the nuts & bolts in Feb 2023 results will give good insight to future, as they need to proof successful exit of CN DI, and setting up solid income streams overseas. We all await that eagerly. Until then, you'd agree that all their past and present 'charlies angel team' announcements are proving superfluous, almost to a mockery to the share price and laughed at by the casino investors.
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volvo125 Master	04-Nov-2022 19:49        volvo125 About Contact  Quote this Post!
x 2   x 0  Alert Admin	Yes, you  right on the immense benefits of SBB at the current deeply discounted market price, provided the coy has the financial might to sustain, which YFH clearly has. I do not think the so called " outsized bad debt" will occur. Why ? As on 30Jun22, DI has $2.506b in which $760m was newly added in 1H22 and $1.746b was likely the older DI added during the 2H21. The China property debt crisis came into light during the 3Q21 when Evergrande triggered the default. So YFH will definitely use a very strict due dilligence to approve the $760m in 1H22, so the risk of this DI is likely minimal. As for the $1.746b older DI likely added during the 2H21 and will mature in 2H22, if there were massive collection problems in 1H21, the numbers would have been reflected in " non-performing" report during the 1H22 release. The indicative NPL net of specific provision was $37m as at 30Jun and these DIs generally have a 1.3x collateral backing. So I think the impact on the P& L would still be limited even if they all gone sour for good in the worst case.   pasttime      ( Date: 04-Nov-2022 13:02) Posted: No need to worry about short selling. Short has to cover. Net zero. Share buy back always good for remaining shareholders at current low price to last reported nta. Even if those talk about outsize bad debt is true, the current price is still a big discount . Just continue buy back after any price sensitive event report. Bull huat ah ss2017.      ( Date: 04-Nov-2022 12:42) Posted: It was my observations over last few days, no facts to support Sorry. I may be wrong with just a few days observation. Just sharing. MKT will show us the outcome. But I would rather prefer YZJFH Mgt says something to the recent share price declined until SBB stopped. A big puzzle to me.
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volvo125 Master	04-Nov-2022 19:03        volvo125 About Contact  Quote this Post!
x 0   x 1  Alert Admin	There were still ad hoc selling in millions of shares but lacked the punch with no follow through ... the sudden stoppage of SBB after 260m since 31Oct seems to signal YFH is going to release news or updates that are of material in nature. Sellers lack the conviction to sell further down due to the pending of news release ... So yes ... @ss2017, you are right ... SBB stopped and the violent selldown also seems to have stopped ... It runs contrary to what everyone is expecting .... ha ha ... ss2017.      ( Date: 04-Nov-2022 12:42) Posted: It was my observations over last few days, no facts to support Sorry. I may be wrong with just a few days observation. Just sharing. MKT will show us the outcome. But I would rather prefer YZJFH Mgt says something to the recent share price declined until SBB stopped. A big puzzle to me. Dannkh      ( Date: 04-Nov-2022 12:38) Posted: Interested to know how " to a certain extent, SBB is short selling". Care to enlighten us. Thks
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ss2017. Supreme	04-Nov-2022 18:33        ss2017. About Contact  Quote this Post!
x 0   x 1  Alert Admin	I agree with you more especially your last sentences. China shares over the past years were under concerted angmo funds attack as planted in, as part of Sino - USA trade war game. But China shares and companies show resilience in this war. volvo125      ( Date: 04-Nov-2022 18:12) Posted: Ha ha .... yes, I cannot disagree more that the current price is a sheer mockery to all the Long investors in spite of all the seemingly positive developments and news on signing a family office deal, signing on various professional and expert appointments, creating an investor friendly fact sheet and even spending a whopping $99.94mil cold hard cash to buyback 260mil shares from the market in the past 4~5 months  .... all these developments and news were blatantly ignored and sunk under the deep sea ... We can really see from this case study how powerful and strong the US AngMoh funds, the unspokenly organised big Sellers and Shorts when they decided to dump and attack a stock ....  emailpeter      ( Date: 04-Nov-2022 09:41) Posted: Thanks @volvo for the explanation, albeit being no more than theatrically circumstantial evidence. If one is to think of FH as an unlisted company (private equity), then we need not follow it's share price. Just look to its forthcoming dividends to judge our intelligence (or even the lack off) in investing to FH. I guess only the nuts & bolts in Feb 2023 results will give good insight to future, as they need to proof successful exit of CN DI, and setting up solid income streams overseas. We all await that eagerly. Until then, you'd agree that all their past and present 'charlies angel team' announcements are proving superfluous, almost to a mockery to the share price and laughed at by the casino investors.
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HVRRVH Elite	04-Nov-2022 18:20        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	I have unexpected fund available last week and what did I do? I then took a look at YZJF and wah, selling at 33.5 - 34. I then took a look at its historical prices [Yes, I am not tracking the counter on daily basis], hmm... not bad price seemed stabilised. So I bought at 33.5 and right on cue, in the mere 2-3 days later, it hit 31 cents! Angry like hell, put in GTC order at 28.5 cents immediately!! Then observe the price actions for next few days and realise there was no SSB till now but stangely, price resume stability and dare I say, border on the brink of moving up. What' s going to happen next? I don' t know but I swear that no buying below 30 cents.
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volvo125 Master	04-Nov-2022 18:12        volvo125 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ha ha .... yes, I cannot disagree more that the current price is a sheer mockery to all the Long investors in spite of all the seemingly positive developments and news on signing a family office deal, signing on various professional and expert appointments, creating an investor friendly fact sheet and even spending a whopping $99.94mil cold hard cash to buyback 260mil shares from the market in the past 4~5 months  .... all these developments and news were blatantly ignored and sunk under the deep sea ... We can really see from this case study how powerful and strong the US AngMoh funds, the unspokenly organised big Sellers and Shorts when they decided to dump and attack a stock ....  emailpeter      ( Date: 04-Nov-2022 09:41) Posted: Thanks @volvo for the explanation, albeit being no more than theatrically circumstantial evidence. If one is to think of FH as an unlisted company (private equity), then we need not follow it's share price. Just look to its forthcoming dividends to judge our intelligence (or even the lack off) in investing to FH. I guess only the nuts & bolts in Feb 2023 results will give good insight to future, as they need to proof successful exit of CN DI, and setting up solid income streams overseas. We all await that eagerly. Until then, you'd agree that all their past and present 'charlies angel team' announcements are proving superfluous, almost to a mockery to the share price and laughed at by the casino investors. volvo125      ( Date: 03-Nov-2022 22:59) Posted: Your question on the quality of assets is certainly valid but I doubt any outsider can give any answer. I accord a high degree of trust on the financial statements and introductory documents due to the following consideraions :- 1.    YFH is a spin off from YZJ, a high quality component stock of STI with a successful operating track record since 2007. DI has been operating within YZJ since 2010 and contributing positively in the past 12 years. The financial statements were audited by PWC and then gained approval from SGX after regulatory scrutiny. If we doubt YFH financial statement, then we are also doubting the authenticity of YZJ financial statement, the credential of PWC and also SGX. 2.    Besides Ren and Toe, the other Board members includung the Advisor are all ex senior Directors from MAS, SGX and GIC. These people are veterans from the regulatory and investment financial sectors with deep connections and reputations. I do not think these people at their high social and professional level will want to associate themselves with YFH if they have doubts on the coy financial statement. Of course, one can still choose not to believe the financial statement for whatever the reason even if it is just a gut feel. In such a case, the advise is to refrain from investing in the coy. If I could not bring myself to take the financial statement in good faith in spite of the coy historical track records, the coy parentage, the auditing credential of PWC and the regulatory approval credential of SGX, then every thing I see are garbage with no basis for analysis. I saw many very shallow comments ... such as the management shorting its own stocks to sbb at a lower price, the DI 18% from real estate will go bad with big write  ..... People made these comments without understanding on the listing rule as well as the movement of DI such as the additions, redeemptions and the maturity period. I just laughed them off ... Note : YFH Introductory document dated 1Apr22 : Page 52~55 : info relating DI risk, Page 125 : info relating to DI and its nature of operations such as collatora
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volvo125 Master	04-Nov-2022 17:59        volvo125 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No ... tax is only imposed on profit and loss in the country where it is made (ie, SG for the 11~22% fund and China for the 89~78% in FY22), not on the money being transferred out legitimately (ie, from China) for offshore (or foreign) investment. In order for YFH to transfer the first tranche of 11% fund to SG earlier, and now the second tranche 11% fund to SG in 2H22, and a further 28% fund to SG in the next 3 years, YFH must have already gotten the approval from the Chinese regulatory to do so. n3wbie      ( Date: 04-Nov-2022 00:13) Posted: Thank you sir for the detailed and useful sharing. Very insightful and thought through. The sentiment towards Chinese credit markets is plagued by the contagion seen with the real estate sector, and this has an unhelpful association across the board. Institutional investors in particular sell when there' s uncertainty and doubt. Just a point to add and raise - if they were to move money out from China, would that be subject to withholding tax? If so, would that be at a 10% impact to the NAV? Not sure if any experts here may have an opinion or view on that please? volvo125      ( Date: 02-Nov-2022 22:26) Posted: This is my objective thought on YFH. Ignore if you think it is trash especially when probably everyone (including myself, of course) here is flushed with frustration and anger because the price indeed has been mysteriously thrashed down by some unknown forces for some unknown reasons & hellip .   YFH had in 1H22 result release achieved a NPAT $136m and then went on to guide its FY22 NPAT at $220m. NAV per share stood at 1.07 as at 30Jun22.   The persistent and violent sell down to all time low 0.31 seems to suggest that the coy is broken with either being (1)  tainted with fraudulent investigations or (2)  met with a going concern such as an imminent default risk or (3)  expecting to incur huge FY22 net losses   It cannot be (1) because YFH was just spun off 5 months ago with a clean audited balance sheet and cash flow under the scrutiny of SGX approval. It also cannot be (2) because YFH is net cash with negligible s/t debt so the default risk is zero. So big Sellers and Shorts are likely betting YFH will miss its FY22 NPAT big time or worst still, incur a net FY22 loss due to the significant RMB devaluation against SGD/USD, higher NPL, weak China stock market & hellip . etc.   I have done a deeper analysis on YFH based on its 1H22 releases and projected its FY22 P& L and NAV per share. I believe YFH will hit its FY22 NPAT at $218~224m with NAV per share increase to 1.13 (at 90%SBB). Even if we were to factor in a further 10% impact on the 2H22 NPAT due to further US rate hikes of 0.75% in Nov and 0.5% in Dec, YFH FY22 NPAT will still hit ~$210m which is near to its target. The steep sell down to all time low 0.31 is fear mongering to the extreme.   I have yet to pick up anything fundamentally wrong with YFH except the market sentiment in general (Capital flights due to rising US interest rates) and the current China challenging economic and still ongoing covid zero conditions. So, to all the Longs, Steady.   The details are given below if you are interested to find out how the numbers are computed. Please note that the numbers are estimates at best based on opening and closing balances averages instead of actual monthly movement balances which are not available to the public. Also, the impact of RMB devaluation may also be mitigated by some forms of financial instrument hedges which professional fund and money managers such as YFH will know how to do. For the smaller segment non interest incomes, I will use the 1H22 as assumptions.   I am not a CPA or certified Public Accountant so if there is a brother here who is an accountant to validate my numbers or assumptions or blind spots or accounting treatments would be greatly appreciated. I certainly look forward to seeing YFH FY22 release in Feb23 to see how my crude projection compares.   1H22 is YFH latest release so it will form the baseline for our further analysis.   1H22 :-   NPAT $136m was achieved in 1H22 in spite of currency and financial market weakness :- -  RMB v SGD down 2.3% ( 4.71 to 4.82, 31Dec21~30Jun22), Adversely affected as SGD is the reporting currency. -  SGD v USD down 3% (1.35 to 1.39, 31Dec21~30Jun22) -  RMB v USD down 5.3% (6.36 to 6.7, 31Dec21~30Jun22), this will adversely affect the first tranche of 11% (~$480m) fund transfer to Sg in 1H22. -  100% China RMB portfolio on 1Jan22 to 89% China RMB v 11% Sg USD portfolio on 31Jun22. This 11% Sg USD portfolio can only be initiated after spin off in May so YFH was still on a major basis being exposed to RMB 2.3% devaluation against SGD for reporting purpose in 1H22, and on a minor basis to RMB 5.3% devaluation against USD on the 11% Sg portfolio or the reported SGD480m in USD denomination. The currency translation loss was likely 90%*4.44B*2% = ~$79m. -  fair value adjustment ($19m losses) to the PRC $633m listed equity investments portfolio in Shanghai/Shenzhen stock exchange due to weak financial market sentiment (non interest income). -  DI 70% ($3.5b) on 1Jan21 to DI 57% ($2.53b) on 30Jun22, this explained the lower interest income affecting the P& L in 1H22.   Now, let us attempt to construct the 2H22 P& L based on the known or extrapolated information below :-   2H22 :-   -  RMB v SGD down 6.6% (4.82 to 5.14, 30Jun22~1Nov22). RMB devaluation against SGD had further worsen by 3x the impact felt in 1H for reporting in SGD currency. -  SGD v USD down 2.2% (1.39 to 1.42, 30Jun22~1Nov22) -  RMB v USD down 8.2% (6.7 to 7.25, 30Jun22~1Nov22), this will adversely affect the transfer of second tranche 11% fund to Sg in 2H22. -  89% China RMB v 11% Sg USD portfolio on 30Jun22 to 78% China RMB v 22% Sg USD portfolio by 31Dec22. -   DI 57% ($2.53b) on 30Jun22 to DI 50% (est. $2.22b) by 31Dec22. Interest income will go lower than 1H22 and currency translation loss will increase to ~$150m (~6.5% RMB devaluation against SGD) and affecting the Bal Sht NAV. $1.75B DI will matured and ~$1.42B will be added to maintain DI at 50%. -  there will be further fair value adjustment losses (?) to the PRC listed equity portfolio due to the continuous weakness in the PRC stock markets. We will best assume a further -$19m fair value losses as in 1H22. -  We will also best assume the dividend income to remain steady at $7.6m -  The steady state historical returns (interest income) for DI is ~12% pa or ~3% per quarter or ~6% per half year. The average DI return in 1H21 was 190m/[(3438m+3461m)/2] = 5.5%, and the average DI return in 1H22 was 184m/[(3514m+2659m)/2] = 5.96%. We will assume the 2H22 DI return at (5.5+5.96)/2 = 5.75%. -  The average interest income in 2H22 = [(2.53B+2.2B)/2]*5.75% = $136m -  We will also assume the SG& A expenses similar to 1H22 on the high side at $15m. -  We assume no reversal or addition of allowance for credit or other losses and NPL stays at ~2% which is well covered by the 4.7% provisions ($123m) provided for the full amount of DI exposure. -  1H21 tax was 24%, 1H22 tax was 19.5%. We will assume an average tax rate of 20% with 22% of portfolio in SG. -  NPAT = [Interest income - non interest income losses & ndash expenses]*80% = [136-11-15]*80% = $88m -  FY22 NPAT = 136m+88m = $224m or 136m+(82m*93%) = $218m if we tag a ~7% currency translation loss from RMB/SGD in 2H22.   -  With 78% of portfolio in China (RMB) by 31Dec22, the currency translation loss = 0.78*4.44B*7% = $242m will affect reporting in SGD and will in turn adversely affected the NAV. SBB will counter this negative impact. -    Assume SBB at 90% done by 31Dec22 or 0.9*395*0.38 average buyback price = 355m shares or $135m. As at 31Oct22, YFH spent $98.94m to buy back 259.56m shares at 0.381 average price. -    NAV/share = (1H22NAV-355m SBB-currency translation loss+FY22 NPAT)/Outstanding shares = (4.226B-135-242+218)/(3950-355) = 1.13 before dividend being declared. -    NAV will fall from 4.226B to 4.067B but NAV per share will increase from 1.07 to 1.13.   Rate This Post:
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PiRPiR Master	04-Nov-2022 16:11        PiRPiR About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just touched 34c ss2017.      ( Date: 04-Nov-2022 13:25) Posted: My gut feeling again. Wo 31, if break then 34 then it will stay above 35. For more price recovery you have to wait for next year. Trust YZJSB logically you will trust YZJFH blindly. Discard it or keep it with faith until the company reveals more information. ss2017.      ( Date: 04-Nov-2022 11:51) Posted: Have faith with yzj organisations. YZJSB listed in 2007. It suffered setback in 2008 but survived with growth after15 years, it finally splits into two financially independent companies this year. YZJFH now suffered setback for reasons unknown. In time to come, YZJFH share price should bounce back to above NVA value. Based on last 6 months observations, the performance of this company has nothing to do with China, USA and STI mkt. To certain extent SBB is short selling. When share buy back stopped over last few days, short selling correspondingly stops.( Except retail keeps short sell, but it won't affect erosion of share price). Looking forward, we may need to wait for company announcement as for the time being this new management team stays very quiet to the extent that it is unbearable by most retail investors. Hold or discard. If hold then keep up your faith.
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ss2017. Supreme	04-Nov-2022 13:25        ss2017. About Contact  Quote this Post!
x 0   x 1  Alert Admin	My gut feeling again. Wo 31, if break then 34 then it will stay above 35. For more price recovery you have to wait for next year. Trust YZJSB logically you will trust YZJFH blindly. Discard it or keep it with faith until the company reveals more information. ss2017.      ( Date: 04-Nov-2022 11:51) Posted: Have faith with yzj organisations. YZJSB listed in 2007. It suffered setback in 2008 but survived with growth after15 years, it finally splits into two financially independent companies this year. YZJFH now suffered setback for reasons unknown. In time to come, YZJFH share price should bounce back to above NVA value. Based on last 6 months observations, the performance of this company has nothing to do with China, USA and STI mkt. To certain extent SBB is short selling. When share buy back stopped over last few days, short selling correspondingly stops.( Except retail keeps short sell, but it won't affect erosion of share price). Looking forward, we may need to wait for company announcement as for the time being this new management team stays very quiet to the extent that it is unbearable by most retail investors. Hold or discard. If hold then keep up your faith.
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Dannkh Master	04-Nov-2022 13:23        Dannkh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ok. Thks. I will also observe to see any corelation.😀 ss2017.      ( Date: 04-Nov-2022 12:42) Posted: It was my observations over last few days, no facts to support Sorry. I may be wrong with just a few days observation. Just sharing. MKT will show us the outcome. But I would rather prefer YZJFH Mgt says something to the recent share price declined until SBB stopped. A big puzzle to me. Dannkh      ( Date: 04-Nov-2022 12:38) Posted: Interested to know how " to a certain extent, SBB is short selling". Care to enlighten us. Thks
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pasttime Supreme	04-Nov-2022 13:02        pasttime About Contact  Quote this Post!   Yells: "gold silver are real money. not others iou."
x 0   x 0  Alert Admin	No need to worry about short selling. Short has to cover. Net zero. Share buy back always good for remaining shareholders at current low price to last reported nta. Even if those talk about outsize bad debt is true, the current price is still a big discount . Just continue buy back after any price sensitive event report. Bull huat ah ss2017.      ( Date: 04-Nov-2022 12:42) Posted: It was my observations over last few days, no facts to support Sorry. I may be wrong with just a few days observation. Just sharing. MKT will show us the outcome. But I would rather prefer YZJFH Mgt says something to the recent share price declined until SBB stopped. A big puzzle to me. Dannkh      ( Date: 04-Nov-2022 12:38) Posted: Interested to know how " to a certain extent, SBB is short selling". Care to enlighten us. Thks
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Slowturtle Senior	04-Nov-2022 12:47        Slowturtle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Regardless of the noise in the market and comparing this counter with YJZ ship, as a trader, is better to focus on the former as longist but shortist for latter.
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ss2017. Supreme	04-Nov-2022 12:42        ss2017. About Contact  Quote this Post!
x 0   x 1  Alert Admin	It was my observations over last few days, no facts to support Sorry. I may be wrong with just a few days observation. Just sharing. MKT will show us the outcome. But I would rather prefer YZJFH Mgt says something to the recent share price declined until SBB stopped. A big puzzle to me. Dannkh      ( Date: 04-Nov-2022 12:38) Posted: Interested to know how " to a certain extent, SBB is short selling". Care to enlighten us. Thks. ss2017.      ( Date: 04-Nov-2022 11:51) Posted: Have faith with yzj organisations. YZJSB listed in 2007. It suffered setback in 2008 but survived with growth after15 years, it finally splits into two financially independent companies this year. YZJFH now suffered setback for reasons unknown. In time to come, YZJFH share price should bounce back to above NVA value. Based on last 6 months observations, the performance of this company has nothing to do with China, USA and STI mkt. To certain extent SBB is short selling. When share buy back stopped over last few days, short selling correspondingly stops.( Except retail keeps short sell, but it won't affect erosion of share price). Looking forward, we may need to wait for company announcement as for the time being this new management team stays very quiet to the extent that it is unbearable by most retail investors. Hold or discard. If hold then keep up your faith.
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Dannkh Master	04-Nov-2022 12:38        Dannkh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Interested to know how " to a certain extent, SBB is short selling". Care to enlighten us. Thks. ss2017.      ( Date: 04-Nov-2022 11:51) Posted: Have faith with yzj organisations. YZJSB listed in 2007. It suffered setback in 2008 but survived with growth after15 years, it finally splits into two financially independent companies this year. YZJFH now suffered setback for reasons unknown. In time to come, YZJFH share price should bounce back to above NVA value. Based on last 6 months observations, the performance of this company has nothing to do with China, USA and STI mkt. To certain extent SBB is short selling. When share buy back stopped over last few days, short selling correspondingly stops.( Except retail keeps short sell, but it won't affect erosion of share price). Looking forward, we may need to wait for company announcement as for the time being this new management team stays very quiet to the extent that it is unbearable by most retail investors. Hold or discard. If hold then keep up your faith.
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ss2017. Supreme	04-Nov-2022 11:51        ss2017. About Contact  Quote this Post!
x 0   x 1  Alert Admin	Have faith with yzj organisations. YZJSB listed in 2007. It suffered setback in 2008 but survived with growth after15 years, it finally splits into two financially independent companies this year. YZJFH now suffered setback for reasons unknown. In time to come, YZJFH share price should bounce back to above NVA value. Based on last 6 months observations, the performance of this company has nothing to do with China, USA and STI mkt. To certain extent SBB is short selling. When share buy back stopped over last few days, short selling correspondingly stops.( Except retail keeps short sell, but it won't affect erosion of share price). Looking forward, we may need to wait for company announcement as for the time being this new management team stays very quiet to the extent that it is unbearable by most retail investors. Hold or discard. If hold then keep up your faith.
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Hawkeye Master	04-Nov-2022 09:44        Hawkeye About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	We must remember that Yangzijiang Financial is Banking Business, only without depositors to service. They dont need to depend on share price for their capital. However share price do affect the balance sheet since they do Share Buy Back and hold treasury shares. emailpeter      ( Date: 04-Nov-2022 09:41) Posted: Thanks @volvo for the explanation, albeit being no more than theatrically circumstantial evidence. If one is to think of FH as an unlisted company (private equity), then we need not follow it's share price. Just look to its forthcoming dividends to judge our intelligence (or even the lack off) in investing to FH. I guess only the nuts & bolts in Feb 2023 results will give good insight to future, as they need to proof successful exit of CN DI, and setting up solid income streams overseas. We all await that eagerly. Until then, you'd agree that all their past and present 'charlies angel team' announcements are proving superfluous, almost to a mockery to the share price and laughed at by the casino investors. volvo125      ( Date: 03-Nov-2022 22:59) Posted: Your question on the quality of assets is certainly valid but I doubt any outsider can give any answer. I accord a high degree of trust on the financial statements and introductory documents due to the following consideraions :- 1.    YFH is a spin off from YZJ, a high quality component stock of STI with a successful operating track record since 2007. DI has been operating within YZJ since 2010 and contributing positively in the past 12 years. The financial statements were audited by PWC and then gained approval from SGX after regulatory scrutiny. If we doubt YFH financial statement, then we are also doubting the authenticity of YZJ financial statement, the credential of PWC and also SGX. 2.    Besides Ren and Toe, the other Board members includung the Advisor are all ex senior Directors from MAS, SGX and GIC. These people are veterans from the regulatory and investment financial sectors with deep connections and reputations. I do not think these people at their high social and professional level will want to associate themselves with YFH if they have doubts on the coy financial statement. Of course, one can still choose not to believe the financial statement for whatever the reason even if it is just a gut feel. In such a case, the advise is to refrain from investing in the coy. If I could not bring myself to take the financial statement in good faith in spite of the coy historical track records, the coy parentage, the auditing credential of PWC and the regulatory approval credential of SGX, then every thing I see are garbage with no basis for analysis. I saw many very shallow comments ... such as the management shorting its own stocks to sbb at a lower price, the DI 18% from real estate will go bad with big write  ..... People made these comments without understanding on the listing rule as well as the movement of DI such as the additions, redeemptions and the maturity period. I just laughed them off ... Note : YFH Introductory document dated 1Apr22 : Page 52~55 : info relating DI risk, Page 125 : info relating to DI and its nature of operations such as collatora
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