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YZJ Shipbldg SGD
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The Only Shipbuilding Blue Chip in SGX!
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Winnertakeall
Veteran |
28-Mar-2023 13:21
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Shortsellers manipulating the prices. SGX is big casino for short-sellers. Borrowed shares and paid interest.  TOT B. VOL : 2.89M TOT S. vOL :   20.1M |
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hokpin
Elite |
28-Mar-2023 12:19
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Keep repeating the cycles. Wait to pick up again at 11x series and offload at 12x series!
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Tracer63
Veteran |
28-Mar-2023 12:10
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Start accumulating | ||||
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Winnertakeall
Veteran |
28-Mar-2023 10:07
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Shortsellers very BRUTAL. No chance for investors    Even though company fundamentally strong and profitable  TOT B. VOL : 1.68M TOT S. vOL :   14.05M |
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Winnertakeall
Veteran |
27-Mar-2023 18:35
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ShortSaleVolume from SGX (FYI) 27/3 : 11596300 24/3 : 11135000 23/3 : 12463400 22/3 : 13025400 21/3 : 16431800        20/3 : 12471900 |
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Winnertakeall
Veteran |
24-Mar-2023 18:35
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ShortSaleVolume from SGX (FYI) 24/3 : 11135000 23/3 : 12463400 22/3 : 13025400 21/3 : 16431800      20/3 : 12471900 17/3 :   8346600 16/3 : 11081600 15/3 :   8098700 14/3 : 13062200 13/3 :   8738500 |
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pursuer76
Senior |
24-Mar-2023 11:47
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I assume the BBs are offloading some of their holdings. Can' t keep buying and don' t sell right. I believed they will continue to pump as we get nearer to the dividend declaration date.
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hokpin
Elite |
24-Mar-2023 11:45
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Pump up and dump. Follow and keep playing with this repeating cycles, can make good money liao! | ||||
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pkli899
Supreme |
24-Mar-2023 10:58
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No issue.....it' s a dormant company.........no implication. | ||||
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Winnertakeall
Veteran |
24-Mar-2023 10:29
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Singapore Yangzijiang Shipping to be wound up over excess USD 4.8 million newbuilding quality claimThe General Division of The High Court of the Republic of Singapore on Friday (17 March) issued a winding up order against Yangzijiang Shipping Pte. Ltd. (YSPL) due to a compensation claim in excess of USD 4.8 million from Liberia-based Trinity Seatrading S.A. (Trinity). Trinity was represented by Singapore-based multi-disciplinary law firm Helmsman LLCPhoto credit: Manifold Times Published: 23 March, 2023   |
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Joelton
Supreme |
24-Mar-2023 09:55
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UOB Kay Hian keeps &lsquo buy&rsquo on Yangzijiang but sees capital management as the group&rsquo s major issue
 
Loh&rsquo s positive outlook on the group comes as he notes the group&rsquo s continued positive momentum in new order wins and its ambitions within the liquefied natural gas (LNG) space. During its results briefing in late February, Yangzijiang announced that it had clinched new orders for 14 new vessels with a total contract size of US$0.91 billion ($1.21 billion). The new orders, along with another order win of US$700 million for 12 tankers, had brought Yangzijiang&rsquo s order wins year-to-date (ytd) to US$1.6 billion, which is more than halfway to the group&rsquo s full-year target of US$3 billion in orders.
 
&ldquo The company stated that it will target mostly tankers in FY2023 as its clients appear to have shown less appetite for other types of vessels. Including the recent tanker orders, we estimate that Yangzijiang has a total outstanding orderbook in excess of US$11.7 billion, with deliveries extending into 2026,&rdquo Loh writes.
 
Following the group&rsquo s entry into the LNG space in 2019 where it acquired a 55% stake of Jiasheng terminal for RMB308 million ($59.9 million), Loh sees the terminal to contribute to the group&rsquo s profit in 2025 at the earliest.
 
In addition, the analyst sees no impact on the winding petition order of the group&rsquo s subsidiary, Yangzijiang Shipping Pte Ltd. The subsidiary received the winding up application from Trinity Seatrading in January where there was a dispute regarding US$4.8 million in profit from the sale of a tanker.
 
&ldquo We understand that liquidators have already been appointed, and Yangzijiang Shipping has until around mid April to appeal this winding-up order. However, we highlight that Yangzijiang Shipping is a dormant company, has negligible net asset value and if wound up it will not have any material impact on Yangzijiang itself. In the worst-case scenario, a provision of around US$5 million would amount to less than 1% of [Loh&rsquo s] estimated FY2023 earnings [for the group],&rdquo the analyst writes.
 
However, Loh also notes that Yangzijiang had been seeing a drop in its shares since it announced its results for the FY2022 ended Dec 31, 2022, on Feb 23.
 
Shares in the group had fallen some 11.1% since then, underperforming the benchmark Straits Times Index (STI), which fell by around 1.4% during the same period.
 
To Loh, the group&rsquo s FY2022 results were strong as its operating profit grew with expansions in its shipbuilding margins.
 
See also: UOB Kay Hian keeps ' overweight' rating on data centre REITs as it sees backfilling supported by tight vacancies
 
The group had, however, reported declines in both its 2HFY2022 and FY2022 earnings, which fell due to the spin-off of its financial unit.
 
As such, the analyst attributes the &ldquo dull&rdquo share price performance to a lack of clarity regarding the group&rsquo s capital management.
 
In his report dated March 23, Loh sees room for the group&rsquo s capital management to improve, calling it a &ldquo major issue&rdquo for the group.
 
&ldquo As at end-FY2022 and on a per share basis, Yangzijiang had RMB1.61 or 31 cents in net cash but the company nevertheless chose to only mildly increase its FY2022 dividend to 5 cents,&rdquo he points out.
 
&ldquo Its February acquisition of the remaining 45% stake in the Jiasheng Gas to bolster its LNG ambitions cost RMB430 million out of its end-FY2022 cash hoard of RMB10.8 billion,&rdquo he says
 
&ldquo In our view, and in light of our forecast free cash flow of RMB2 billion in FY2023, the company could easily have afforded to be more generous to its shareholders by raising its dividend,&rdquo he adds.
 
Loh has so far kept his earnings estimates unchanged.
 
Based on his unchanged target price, the analyst notes that the group would trade at an FY2023 P/B of 1.3x, a level that was last seen in FY2012.
 
To him, better capital management from the group, evidence of margin expansion from FY2023 as well as new orders in higher-margin shipbuilding segments are catalysts to the group&rsquo s performance.
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Winnertakeall
Veteran |
23-Mar-2023 18:53
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ShortSaleVolume from SGX (FYI) 23/3 : 12463400 22/3 : 13025400 21/3 : 16431800    20/3 : 12471900 17/3 :   8346600 16/3 : 11081600 15/3 :   8098700 14/3 : 13062200 13/3 :   8738500 |
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emailpeter
Member |
23-Mar-2023 12:44
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Singapore Company Update: YZJ has underperformed the STI and MSCI Singapore in the past month. Stock looks inexpensive on PE, P/B and EV/EBITDA, but better capital management is needed, in our view. (YZJSGD SP / BUY / S$1.20 / Target: S$1.58) Despite continued strong momentum in new order wins ytd in 2023, YZJ' s share price has disappointed. UOB KayHian report. Same pressure on higher divs. Another huge cashbox in making. https://research.uobkayhian.com/content_download.jsp?id=7 2430& h=9fcb4e1bd49545cd759d14947e42cc73 To add some value to this report, consensus net profit at RMB3213m, 3440m, 3133m for 2023, ' 24, ' 25. All things equal, equates to SGD622m, 666m, 607m and EPS of 15.7c, 16.9c, 15.3c averaging at 16c for 3 yrs. They seem aiming for 40% div payout ratio at 6.4c. At -1.4c from current, unlikely they will pay 2nd div 2023. At current price of $1.25 DY 5.1%, one can see the limited upside to its PER target of about $1.58. Pay div 50% and it will hit and stabilise at that target price. Lets hope the institutional shareholders, broker houses and even the shortist will pressure them to above....   |
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kiseki_2818
Master |
23-Mar-2023 12:36
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thank you. i sell my 1.20 batch first. safer to take profit and balance my exposure. now turmoil time, can be very scary any time.  
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atomgraf
Member |
23-Mar-2023 11:42
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Found an online article abt YSB: https://thesmartinvestor.com.sg/yangzijiang-shipbuildings-share-price-plunged-13-in-three-days-should-investors-worry/   |
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Nuclear
Member |
23-Mar-2023 10:45
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Akan Datang.....Akan Datang 😍
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Winnertakeall
Veteran |
22-Mar-2023 21:56
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Private Scorpio Group in deal to manage two Yangzijiang MR tanker newbuildingsScorpio official stresses order has nothing to do with shipowner Scorpio Tankers 22 March 2023 13:04 GMT  UPDATED    22 March 2023 13:04 GMT
By  Joe Brady  and  Irene Ang  in    Stamford  and    Singapore 
The privately owned Scorpio Group of Monaco has entered into an agreement with affiliates of Yangzijiang Shipbuilding to technically and commercially manage two MR newbuildings to be delivered from the yard in 2025. |
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rayokc
Member |
22-Mar-2023 20:55
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The day will come to those idiots.
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Winnertakeall
Veteran |
22-Mar-2023 18:50
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emailpeter
Member |
22-Mar-2023 18:47
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Yes, I've come to totally agree w you. Thks.
We give this stock way too much respect, SGX listed cripples it... Winding down this stock to 10% portfolio.
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