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YZJFH - potentially rewarding Post Reply Rate topic
YibaoI Senior	06-Dec-2022 00:36        YibaoI About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agreed that it will cause uproar if cny still have massive lockdown. thats why they have a plan to expedite the vaccinate for their elderly. Also ya read news of investors going back to snap up bargains in china property market so definitely something to look forward to. end of the day china government cannot afford to let it' s property market fall totally, but i also do not think it will fully recover again. maybe recover to some extend only. Hopefully wed or later part will have good news  sgng123      ( Date: 06-Dec-2022 00:02) Posted: Be patient , current price rout caused by CCP zero COVID lockdown. Once they drop it u see strong rebound. current high NPL also caused by zero COVID as everyone held onto cash and pray zero COVID lifted. Once china abandon zero COVID they would repaid their debt interest as they want to maintain credit worthiness with YZJFH on reopening economy surge. CNY in Jan very tight timeframe for china CCP, lockdown on CNY most likely would cause massive protest .
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ss2017. Supreme	06-Dec-2022 00:20        ss2017. About Contact  Quote this Post!
x 0   x 1  Alert Admin	I don't think China will open up so soon, may be partially open up city by city. Because China human right is protect life, save lives. West human right is covid-19 personal freedom, superficial democracy. sgng123      ( Date: 06-Dec-2022 00:02) Posted: Be patient , current price rout caused by CCP zero COVID lockdown. Once they drop it u see strong rebound. current high NPL also caused by zero COVID as everyone held onto cash and pray zero COVID lifted. Once china abandon zero COVID they would repaid their debt interest as they want to maintain credit worthiness with YZJFH on reopening economy surge. CNY in Jan very tight timeframe for china CCP, lockdown on CNY most likely would cause massive protest .
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sgng123 Supreme	06-Dec-2022 00:02        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Be patient , current price rout caused by CCP zero COVID lockdown. Once they drop it u see strong rebound. current high NPL also caused by zero COVID as everyone held onto cash and pray zero COVID lifted. Once china abandon zero COVID they would repaid their debt interest as they want to maintain credit worthiness with YZJFH on reopening economy surge. CNY in Jan very tight timeframe for china CCP, lockdown on CNY most likely would cause massive protest .
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Hawkeye Master	05-Dec-2022 23:31        Hawkeye About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Look at it this way, YZJFH share price too low, more than 50% held by retain investor, another 30%+ by private investor. Soon hostile take over and delist, winner keep all the cash. Last few share holder get buy over at NAV $1.10
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sgng123 Supreme	05-Dec-2022 23:30        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Also need to take into consideration china might ditch it zero COVID strat on wed, today china and hk market all soaring in anticipation of wed change. If china reopen earlier than expected, might see huge short covering on china based stocks in SGX in Dec. Everything tied down by COVID, once restriction removed expect a huge rebounce though YZJSH might not benefit much as it not heavily sold down compared to YZJFH. It similar to what happen to sg in June when we start to reopen. In short YZJFH made only 14.6m provision on unpaid interest for 750+m NPL as the loan covered by land mortgages. Still profitable in 3q. They also more strict on definition on NPL, missed interest or principal payment immediately classified as NPL. International u stii give 1mth grace before default.
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HVRRVH Elite	05-Dec-2022 22:51        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	Who expect the compay to update that their 3Q was fantastic? Exactly. However, I guess that the market will still try to sell it down. Shall take a closer look at tomorrow' s price movement and may adjust my queue from 325 to 315 or even 300.
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sgng123 Supreme	05-Dec-2022 22:33        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hopefully market alrdy priced in increase in NPL, actually report prepared before the big surge in china stock market after news of COVID 19 loosening pop. Shanghai stock market and hk market had recovered from Oct crash. Anyway the increased NPL all in real estate sector and china gov pumping cash to revitalise it, worst case only write down 30% of DI but over time can claimed back as the loan backed by land mortgages. SSB should reboot tomorrow followed by old Ren buying after 10% exhausted. YZJFH got more work to do to drastically  remove free float of stocks available for short borrowing. Second round of SSB more or less guaranteed from 3q update report. Hopefully old Ren increased his stake significantly.
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YibaoI Senior	05-Dec-2022 22:18        YibaoI About Contact  Quote this Post!
x 0   x 0  Alert Admin	What&rsquo s the Group&rsquo s unaudited net asset value (&ldquo NAV&rdquo ) per share as of 30 September 2022? The Group&rsquo s unaudited NAV per share is 109.23 Singapore cents as of 30 September 2022 as compared to 107.45 Singapore cents as of 30 June 2022. The Group remains profitable in 3Q2022.  This part look assuring to me. A decrease in interest income, which was mainly attributable to: (i) A higher percentage of assets being held in cash and yield enhancement products, due to the uncertain short-term outlook of the Chinese economy. With assets being held in the cash portfolio as well as such yield enhancement products having a lower interest yield than debt investments, the Group is looking to reallocate funds to other asset classes. As of 30 September 2022, the Group reduced its debt investments in China to approximately 56.0% of its total portfolio. Cash and yield enhancement products and equity investments form approximately 27.6% and 15.0% of the Group total portfolio as of 30 September 2022 respectively. A total of S$511 million, representing 12% of the Group&rsquo s assets as of 30 September, has been committed for deployment outside of China.  Also setting aside cash waiting to re-invest is also very good in my view seeing the business climate nowadays. redeployment of the group asset overseas out of china is  a good opportunity now as well. now waiting for the experts to comment hehe.
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YibaoI Senior	05-Dec-2022 21:56        YibaoI About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya lai liao. News is assuring in a way even though not all rosy at 3rd quarter. volvo125 or anyone can provide some enlightenment or sharing after reading the 3rd quarter update? The NPL is up by sizable margin, however it stated the loan losses provision is only mere 14.8 millon as most loan is adequately collateralized. It did not state the UPL ratio and performing loan ratio so still something not too clear there The increase in NPLs arose because of interest and principal repayment delays from borrowers impacted by the struggling property sector in China. However, as most of the affected loans are still adequately collateralized, the Group has made the provision for loan losses of $14.8 million. In response to the challenges faced by the property sector, the Chinese government has pledged strong policy support and banks have taken steps to make additional funding more readily available. The effectiveness of such support will in turn determine whether the property sector in China will improve. Recovery of such affected loans will be dependent upon, among others, the improvement of the property sector in China. The Group shall continue to actively manage its customers and collateral and will write back at the appropriate time what has been conservatively provided for in prior periods in accordance with our existing policies.  volvo125      ( Date: 05-Dec-2022 21:39) Posted: 3q update lai liao ...
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volvo125 Master	05-Dec-2022 21:39        volvo125 About Contact  Quote this Post!
x 0   x 0  Alert Admin	3q update lai liao ...
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HVRRVH Elite	05-Dec-2022 19:11        HVRRVH About Contact  Quote this Post!
x 0   x 0  Alert Admin	1H22 ended on 30 June 2022 and 3Q already ended on 30 September 2022 so I guess they have taken the liberty to omit 3Q update since it is not mandatory. Maybe they will do so going forward but to be frank, is there anything to update since the company was freshly spinned off from YZJS? Historical results applied and as the new company, the latest update was in the form of 1H22 results release. Nothing much changes in term of buisness fundermental, and new business directions and key appointments were made known in timely fashion via SGX annoucnements. Why beat ourselves up for 3Q update, or the lack of it. Having said so, I also don' t know will there be 3Q update or not, seeing that SBB has not resumed and yet, SBB and business update can be interdependant as well. They may well decided that no 3Q update and they have bought back enough for the time being. I think long term investors can chill lah, today don' t know who go and buy when there was fierce selling down to 335. At that point, I think many would think ' here we go again, will try 325/315' but who would guess it closed back at 345? Some big parties are having tug of war now, it is not one sided. Personally, I will nibble a bit when it does come down below 325.
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soeteono Senior	05-Dec-2022 18:37        soeteono About Contact  Quote this Post!
x 0   x 0  Alert Admin	Their EQ is really lousy , why ?
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volvo125 Master	05-Dec-2022 18:09        volvo125 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If YFH continues to delay the 3q brief or worst still skip it, sellers and shorts will come back in droves to attack it down again .... Why the coy not releasing the 3q is a baffling question that is touching on the raw nerves of many investors and seen as a triggering point for sellers and shorts to hammer ... soeteono      ( Date: 05-Dec-2022 14:37) Posted: It seems Short sellers also exhausted ?
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soeteono Senior	05-Dec-2022 14:37        soeteono About Contact  Quote this Post!
x 0   x 0  Alert Admin	It seems Short sellers also exhausted ?
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emailpeter Veteran	05-Dec-2022 12:46        emailpeter About Contact  Quote this Post!
x 1   x 0  Alert Admin	Yes, past month was gradually switching out some SH for FH. Although once married, there ought to be no link in my decision to switch, the factors being same " dynamic operator" and that so called marine fund. Naturally, we are concerned about this sky high volume and lulled price of FH, can connote high awareness to nothing much inside it. Originating investors would recall that YZJ lulled in the lows for a good 11 years (yes 11 yrs) after its chairman related correction. In spite of brokerages calling targets of 2x its price, it stubbornly stayed put below $1.10. Probably plenty of eternal time to accumulate FH, to me the only way up is to see that stingey chinaman call attractive twice a year dividends. Investors shout loud and long enough, might get there...... fuzzyshares      ( Date: 04-Dec-2022 14:39) Posted: YZJSH is approaching the pre-split level of 1.50's, even though YZJFH is not doing well, it's a consolation when holding both stocks. While both YZJSH and YZJFH are favourite short selling targets, YZJSH is a retail and momentum stock, more than often positive news carried the stock. Hopefully positive news can carry YZJFH too. Let's see what happens. Nippon72      ( Date: 04-Dec-2022 13:41) Posted: So how does one interpret this meptahor of yours? To buy SB or FH or both?
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soeteono Senior	05-Dec-2022 11:05        soeteono About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even buy Q more qty than sell Q , someone will throw at 0.34 just to show last done at 0.34 . Why ? Maxgrow68      ( Date: 05-Dec-2022 11:01) Posted: V funny! When overall mkt green, this stock is in red!! Strange behaviour like someone deliberately control the price movement...
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Maxgrow68 Elite	05-Dec-2022 11:01        Maxgrow68 About Contact  Quote this Post!   Yells: "Right and Kind. Choose Kind then you are always Right !"
x 0   x 0  Alert Admin	V funny! When overall mkt green, this stock is in red!! Strange behaviour like someone deliberately control the price movement...
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soeteono Senior	05-Dec-2022 10:15        soeteono About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just bewildered who has so many shares to dump ? So far no announcement by DGC .
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soeteono Senior	05-Dec-2022 09:09        soeteono About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dumped big at 0.345 again.
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fuzzyshares Veteran	04-Dec-2022 14:39        fuzzyshares About Contact  Quote this Post!
x 0   x 0  Alert Admin	YZJSH is approaching the pre-split level of 1.50's, even though YZJFH is not doing well, it's a consolation when holding both stocks. While both YZJSH and YZJFH are favourite short selling targets, YZJSH is a retail and momentum stock, more than often positive news carried the stock. Hopefully positive news can carry YZJFH too. Let's see what happens. Nippon72      ( Date: 04-Dec-2022 13:41) Posted: So how does one interpret this meptahor of yours? To buy SB or FH or both?   fuzzyshares      ( Date: 04-Dec-2022 13:33) Posted: A Tale of Two Cities. The child YZJFH is a spin-off from the father YZJSH. YZJFH is a David Copperfield but it turn out the father is ruled by the son while the son is helmed by the father. Confused? Here's why. Ren Letian is the executive chairman and chief executive of Yangzijiang Shipbuilding, YZJSH. YZJFH, on the other hand is helmed by Ren's father, Ren Yuanlin. One of the morals in A Tale of Two Cities is that things are not always as they seem. Somebody who appears to be no-good and disreputable could become the most righteous person in the world. Individuals who appear to seek justice may be bloodthirsty in the end.
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