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Latest Forum Topics / YZJ Shipbldg SGD    Last:1.66    -0.01  Post Reply
The Only Shipbuilding Blue Chip in SGX!
aragosta
Elite
22-Sep-2023 03:01     
 
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Why Yangzijiang Shipbuilding (Holdings) Ltd. Could Be Worth Watching
While Yangzijiang Shipbuilding (Holdings) Ltd. might not be the most widely known stock at the moment, it received a lot of attention from a substantial price increase on the SGX over the last few months. With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock&rsquo s share price. But what if there is still an opportunity to buy?

 

Is Yangzijiang Shipbuilding (Holdings) Still Cheap?
The stock seems fairly valued at the moment according to my valuation model. It&rsquo s trading around 30% below my intrinsic value, which means if you buy Yangzijiang Shipbuilding (Holdings) today, you&rsquo d be paying a reasonable price for it. Furthermore, Yangzijiang Shipbuilding (Holdings)&rsquo s low beta implies that the stock is less volatile than the wider market.

What does the future of Yangzijiang Shipbuilding (Holdings) look like? 
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it&rsquo s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by 28% over the next couple of years, the future seems bright for Yangzijiang Shipbuilding (Holdings). It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.

I took the trouble to collate and summarise, please take some time to read it if you are
long term, and dont kpkb if price go up or gp down..... anyway, you are supposed   to dyoddd......

aragosta      ( Date: 22-Sep-2023 02:50) Posted:



Following is an a financial house analysis of YZJSH' s fundamentals in summary...... it is meant for those long term investors..... for the mercenaries, it would not be useful to you, because you don' t understand anyway.....

********************
Yangzijiang is trading at 30% below this financial analyst&rsquo s estimate of its fair value (current price of $1.74 vs fair value estimate of $2.26). Should you add Yangzijiang Shipbuilding (Holdings) to your Watchlist?

Valuation
[Is YZJSH undervalued compared to its fair value, analyst forecasts and its price relative to the market?]

a)  Price to Earnings Ratio vs Peers
■ Price-To-Earnings vs Peers:  YZJSH is good value based on its Price-To-Earnings Ratio (11.6x) compared to the peer average (13.5x).

b)  Share Price vs Fair Value
■ Below Fair Value:  YZJSH (SGD1.74) is trading below our estimate of fair value (SGD2.26)
■ Significantly Below Fair Value:  YZJSH is trading below fair value by 30%.

Forecasted Growth
[Yangzijiang Shipbuilding (Holdings) is forecasted to grow earnings and revenue by 11.3% and 9.3% per annum respectively. EPS is expected to grow by 11.4%. Return on equity is forecast to be 17.5% in 3 years.]

a)  Analyst Future Growth Forecasts
■ Earnings vs Savings Rate:  YZJSH' s forecast earnings growth (11.3% per year) is above the savings rate (2%).
■ Earnings vs Market: YZJSH' s earnings (11.3% per year) are forecast to grow faster than the SG market (8.1% per year).
■ Revenue vs Market: YZJSH' s revenue (9.3% per year) is forecast to grow faster than the SG market (4.4% per year).

Past Earnings Performance: 
[Yangzijiang Shipbuilding (Holdings)' s earnings have been declining at an average annual rate of -3.7%, while the Machinery industry saw earnings growing at 12.3% annually. Revenues have been declining at an average rate of 5.6% per year. Yangzijiang Shipbuilding (Holdings)' s return on equity is 17.3%, and it has net margins of 14.2%.]

a) Earnings and Revenue History
■ Quality Earnings: YZJSH has high quality earnings.
■ Growing Profit Margin: YZJSH' s current net profit margins (14.2%) are higher than last year (11.8%).

b) Past Earnings Growth Analysis
■ Accelerating Growth: YZJSH' s earnings growth over the past year (40.4%) exceeds its 5-year average (-3.7% per year).
■ Earnings vs Industry:  YZJSH earnings growth over the past year (40.4%) exceeded the Machinery industry -21.2%.

Balance Sheet Health
[Yangzijiang Shipbuilding (Holdings) has a total shareholder equity of CN¥ 18.4B and total debt of CN¥ 5.1B, which brings its debt-to-equity ratio to 27.5%. Its total assets and total liabilities are CN¥ 34.5B and CN¥ 16.1B respectively. ]

a) Financial Position Analysis
■ Short Term Liabilities: YZJSH&rsquo s short term assets (CN¥ 22.9B) exceed its short term liabilities (CN¥ 15.0B).
■ Long Term Liabilities: YZJSH' s short term assets (CN¥ 22.9B) exceed its long term liabilities (CN¥ 1.1B).

b) Debt to Equity History and Analysis
■ Debt Level: YZJSH has more cash than its total debt.
■ Reducing Debt: YZJSH' s debt to equity ratio has increased from 13.7% to 27.5% over the past 5 years.
■ Debt Coverage: YZJSH' s debt is well covered by operating cash flow (109.9%).
■ Interest Coverage: YZJSH earns more interest than it pays, so coverage of interest payments is not a concern

Dividend
[Yangzijiang Shipbuilding (Holdings) is a dividend paying company with a current yield of 2.78% that is well covered by earnings.]

■ Growing Dividend: YZJSH' s dividend payments have increased over the past 10 years
■ Notable Dividend: YZJSH' s dividend (2.78%) is higher than the bottom 25% of dividend payers in the SG market (2.63%).
■ Earnings Coverage: With its reasonably low payout ratio (32.1%), YZJSH' s dividend payments are well covered by earnings.

[Note: this is not mentioned in this report, but Management has already committed to increase its payment ratio from the profits going forward.And with the expectant increase in earnings, there is certainly a likelihood of an increase in dividends]

Full Report here >
https://simplywall.st/stocks/sg/capital-goods/sgx-bs6/yangzijiang-shipbuilding-holdings-shares/past

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aragosta
Elite
22-Sep-2023 02:50     
 
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Following is an a financial house analysis of YZJSH' s fundamentals in summary...... it is meant for those long term investors..... for the mercenaries, it would not be useful to you, because you don' t understand anyway.....

********************
Yangzijiang is trading at 30% below this financial analyst&rsquo s estimate of its fair value (current price of $1.74 vs fair value estimate of $2.26). Should you add Yangzijiang Shipbuilding (Holdings) to your Watchlist?

Valuation
[Is YZJSH undervalued compared to its fair value, analyst forecasts and its price relative to the market?]

a)  Price to Earnings Ratio vs Peers
■ Price-To-Earnings vs Peers:  YZJSH is good value based on its Price-To-Earnings Ratio (11.6x) compared to the peer average (13.5x).

b)  Share Price vs Fair Value
■ Below Fair Value:  YZJSH (SGD1.74) is trading below our estimate of fair value (SGD2.26)
■ Significantly Below Fair Value:  YZJSH is trading below fair value by 30%.

Forecasted Growth
[Yangzijiang Shipbuilding (Holdings) is forecasted to grow earnings and revenue by 11.3% and 9.3% per annum respectively. EPS is expected to grow by 11.4%. Return on equity is forecast to be 17.5% in 3 years.]

a)  Analyst Future Growth Forecasts
■ Earnings vs Savings Rate:  YZJSH' s forecast earnings growth (11.3% per year) is above the savings rate (2%).
■ Earnings vs Market: YZJSH' s earnings (11.3% per year) are forecast to grow faster than the SG market (8.1% per year).
■ Revenue vs Market: YZJSH' s revenue (9.3% per year) is forecast to grow faster than the SG market (4.4% per year).

Past Earnings Performance: 
[Yangzijiang Shipbuilding (Holdings)' s earnings have been declining at an average annual rate of -3.7%, while the Machinery industry saw earnings growing at 12.3% annually. Revenues have been declining at an average rate of 5.6% per year. Yangzijiang Shipbuilding (Holdings)' s return on equity is 17.3%, and it has net margins of 14.2%.]

a) Earnings and Revenue History
■ Quality Earnings: YZJSH has high quality earnings.
■ Growing Profit Margin: YZJSH' s current net profit margins (14.2%) are higher than last year (11.8%).

b) Past Earnings Growth Analysis
■ Accelerating Growth: YZJSH' s earnings growth over the past year (40.4%) exceeds its 5-year average (-3.7% per year).
■ Earnings vs Industry:  YZJSH earnings growth over the past year (40.4%) exceeded the Machinery industry -21.2%.

Balance Sheet Health
[Yangzijiang Shipbuilding (Holdings) has a total shareholder equity of CN¥ 18.4B and total debt of CN¥ 5.1B, which brings its debt-to-equity ratio to 27.5%. Its total assets and total liabilities are CN¥ 34.5B and CN¥ 16.1B respectively. ]

a) Financial Position Analysis
■ Short Term Liabilities: YZJSH&rsquo s short term assets (CN¥ 22.9B) exceed its short term liabilities (CN¥ 15.0B).
■ Long Term Liabilities: YZJSH' s short term assets (CN¥ 22.9B) exceed its long term liabilities (CN¥ 1.1B).

b) Debt to Equity History and Analysis
■ Debt Level: YZJSH has more cash than its total debt.
■ Reducing Debt: YZJSH' s debt to equity ratio has increased from 13.7% to 27.5% over the past 5 years.
■ Debt Coverage: YZJSH' s debt is well covered by operating cash flow (109.9%).
■ Interest Coverage: YZJSH earns more interest than it pays, so coverage of interest payments is not a concern

Dividend
[Yangzijiang Shipbuilding (Holdings) is a dividend paying company with a current yield of 2.78% that is well covered by earnings.]

■ Growing Dividend: YZJSH' s dividend payments have increased over the past 10 years
■ Notable Dividend: YZJSH' s dividend (2.78%) is higher than the bottom 25% of dividend payers in the SG market (2.63%).
■ Earnings Coverage: With its reasonably low payout ratio (32.1%), YZJSH' s dividend payments are well covered by earnings.

[Note: this is not mentioned in this report, but Management has already committed to increase its payment ratio from the profits going forward.And with the expectant increase in earnings, there is certainly a likelihood of an increase in dividends]

Full Report here >
https://simplywall.st/stocks/sg/capital-goods/sgx-bs6/yangzijiang-shipbuilding-holdings-shares/past
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aragosta
Elite
21-Sep-2023 22:48     
 
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 Alert Admin 		Yangzijiang Shipbuilding​
Inverse direction between ASP and cost driving margin upcycle
■ We visited YZJSB' s New Yard and Xinfu Yard in Jiangyin on 19 September. The yards are currently executing orders clinched in 2021.
■ The inversed direction between ship prices (+c.30%) and steel prices (-c.40%) since May 2021 should lead to a margin expansion for YZJSB in FY24-25F, in our view.
■ Its improving earnings quality in FY24F (we project 15% EPS growth) could stand out given the 4.4% aggregate net profit growth for the Singapore companies we cover.
■ Reiterate Add with a higher TP of S$1.96 at 50% premium (previously 30%) to the average P/BV of CY23F for regional yards on YZJSB' s superior margins and ROE

Full Report here >
https://rfs.cgs-cimb.com/api/download?file=6a8789cc-2d0a-432e-a54b-10a3f846a1aa& rpt=72619E25-569A-9847-6C1E-47838CB51D1B

aragosta      ( Date: 21-Sep-2023 22:43) Posted:

YANGZIJIANG SHIPBUILDING: Bright outlook for years to come?

> With a suite of global customers and their strong orders for ships, Yangzijiang Shipbuilding is not vulnerable to the current weak domestic Chinese economy. Indeed its stock price has run up  34%  year-to-date, trading at $1.72 recently.   
> This is on the back of its robust business performance: For 1HFY23, it    reported a 16% increase in revenue to RMB11.3 billion and a 47% increase in net profit to RMB1.73 billion, riding on its core shipbuilding business.   
> The company' s orderbook is strong, with a total value of   US$14.7 billion as of June 30, 2023. This is the highest orderbook value in the company' s history, which means that its future financial performance is on strong footing.
> CGS-CIMB is forecasting  RMB3.6 b (S$670 m)  profit for full-year 2023. And a dividend yield of 3.9% -- based on a forecast rise from RMB0.25 in 2022 to RMB0.35 this year.   
> With a market cap of around  S$6.76 billion  currently, the stock is trading at ~10X PE (on CGS-CIMB' s forecast FY23 earnings)  -- which is not an unattractive valuation.

https://www.nextinsight.net/story-archive-mainmenu-60/946-2023/15372-yangzijiang-shipbuilding-bright-outlook-for-years-to-come
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aragosta
Elite
21-Sep-2023 22:43     
 
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YANGZIJIANG SHIPBUILDING: Bright outlook for years to come?

> With a suite of global customers and their strong orders for ships, Yangzijiang Shipbuilding is not vulnerable to the current weak domestic Chinese economy. Indeed its stock price has run up  34%  year-to-date, trading at $1.72 recently.   
> This is on the back of its robust business performance: For 1HFY23, it    reported a 16% increase in revenue to RMB11.3 billion and a 47% increase in net profit to RMB1.73 billion, riding on its core shipbuilding business.   
> The company' s orderbook is strong, with a total value of   US$14.7 billion as of June 30, 2023. This is the highest orderbook value in the company' s history, which means that its future financial performance is on strong footing.
> CGS-CIMB is forecasting  RMB3.6 b (S$670 m)  profit for full-year 2023. And a dividend yield of 3.9% -- based on a forecast rise from RMB0.25 in 2022 to RMB0.35 this year.   
> With a market cap of around  S$6.76 billion  currently, the stock is trading at ~10X PE (on CGS-CIMB' s forecast FY23 earnings)  -- which is not an unattractive valuation.

https://www.nextinsight.net/story-archive-mainmenu-60/946-2023/15372-yangzijiang-shipbuilding-bright-outlook-for-years-to-come
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Winnertakeall
Veteran
21-Sep-2023 19:42     
 
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Brokers take: CGS-CIMB expects Yangzijiang margins to improve as ship prices rise, steel falls



RISING ship prices and a downtrend in steel prices could help  Yangzijiang Shipbuilding : BS6 +4.19%&rsquo s margins improve in FY2024-25, CGS-CIMB said on Wednesday (Sep 20). 

The research team, citing Bloomberg, said global newbuild containership prices have increased by around 30 per cent since May 2021, while steel prices have retreated by about 40 per cent.

It raised its target price on Yangzijiang to S$1.96 from S$1.87 and maintained its &ldquo add&rdquo call on the counter.

The new target is a 50 per cent premium to the group&rsquo s average price-to-book value for the 2023 calendar year for regional yards, after taking into account the group&rsquo s &ldquo superior margins and return on equity&rdquo , CGS-CIMB said. 

The research team visited the group&rsquo s New Yard and Xinfu Yard in Jiangyin on Tuesday and noted that since its previous visits in 2008 and 2013, the group has climbed up the shipbuilding value chain. 

&ldquo (It) now builds large-scale vessels with systematic yard workflows,&rdquo CGS-CIMB added.
 
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fuzzyshares
Senior
21-Sep-2023 17:37     
 
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 Alert Admin 		9/18, 1.67-1.71, closed 1.70, 11m, T-day
9/19, 1.65-1.71, closed 1.65, 18m
9/20, 1.65-1.69, closed 1.67, 15m
9/21, 1.67-1.75, closed 1.74, 30m

Fri 9/22 is the last day to sell contra trades bought on T-day. A green shoot in a bed of roses. The move that defied weak market sentiment.
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Tracer63
Master
21-Sep-2023 14:34     
 
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 Alert Admin 		Tgt 1.77 - 1.78
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emailpeter
Senior
21-Sep-2023 14:30     
 
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 Alert Admin 		In light of the huge breakthru orders, and hopefully their other ventures prove stablely fruitful, I am confident this share will be pushed up by BB' s (gangsters) and Institutions to $2.00 and more. That is an upside of 18% from 1.70. Although I hold equal value of both SB and FH, I am more confident of upside here, more so than FH going up 18% from 36c to 43c. Investors here know, SH is a clean cut company, uncluttered. Far far less convoluted, unlike the uncertainty and outlook of FH. The Top institutional shareholders here are stablely anchored and commited to long term.
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emailpeter
Senior
21-Sep-2023 14:21     
 
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I do not have actual PDF of full report. But paste here the truncated one.
Highlights are its growth and high profit. Which will result in high divs. Ren did mention wanting company to pay higher div ratio, akin to 40% as they did for YZJ Fin. But with a higher profit for 2023-26, it will be a double bonus if they used 40%...... let' s hope.


Yangzijiang Shipbuilding: Steady growth and attractive yield

 
DBS Group Research7 Aug 2023
Key summary points
  • 1H23 results showed strong revenue growth and margin recovery
  • Shipbuilding gross margin expanded 4.9ppts to 17.7% on track to achieve its 20% target
  • Raised FY23/24F earnings forecast by 14%/5% DPS lifted to all-time high 6-7 Scts implying ~4% yield
  • Reiterate BUY with higher TP of S$1.90


1H23 net profit above. Yangzijiang&rsquo s net profit rose 26% y-o-y to Rmb1.73bn in 1H23, ahead of expectations of around Rmb1.5-1.6bn, thanks to the stronger revenue growth of 16% and 4.9ppt h-o-h margin expansion. Results were also boosted by Rmb90m gains from vessel disposal. The group delivered of 31 vessels in 1H23, on track to meet its full year target of 57 vessels.

Shipbuilding gross margin expanded to 17.7%  in 1H23, from 13.5% in 2H22, and trough of 10.8% in 2H21. This is attributable to favourable forex and steel cost. In addition, Yangzijiang has progressively executed the higher value and margin contracts secured since 2021. Revenue and margins are expected to expand further as it recognizes the bulk of the profit margin closer to delivery of these vessels. In addition, the favourable steel cost hovering around Rmb4,000/t also bodes well for further margin expansion in 2H23. The bulk of these orders has factored in high steel prices of over Rmb6000/t and the company has hedged its USD exposure at~ Rmb6.8 with 20-30% net exposure. Management believes that 20% gross margin could be achievable.

Lower Shipping income.  Shipping segment contributed Rmb179.9m gross profit 1H23. The 20% y-o-y decline is widely expected given weaker freight rates. Gross margin remains rather healthy at ~34%.

Secured US$5.76bn new orders in 1H23.  Yangzijiang has clinched orders for 72 vessels valued at ~US$5.76bn. As it is already filling up delivery slots for 1H27, we believe Yangzijiang would be more selective on orders ahead given the relatively full order backlog and potential to negotiate for higher newbuild prices.

Revenue coverage of over 4-years.  Yangzijiang&rsquo s orderbook stood at all time high of US$14.7bn, of which 56% are clean energy vessels. Based on Yangzijiang&rsquo s revenue maximum run rate of c. US$3.3bn a year, current orderbook implies over 4-years revenue coverage, which is at higher than the ideal range of 2-3x.

Net cash of ~27 Scts.  Yangzijiang&rsquo s balance sheet remains very healthy post spin-off of its investment arm. As of end Jun-2023, the group has c.Rmb6bn net cash or ~27Scts per share. The group has collected or sold the entire Rmb1.5bn legacy non-performing debt investment at book.

Earnings revisions. The strong 1H23 results reinforced our positive views on Yangzijiang&rsquo s earnings growth. We have tweaked our assumptions on revenue, margins and interest income. As a result, our FY23/24F earnings forecast are raised by 14% and 5% respectively. We have also introduced FY25F forecasts. Our new forecasts imply 3-year CAGR of 15%.

DPS raised to 6-7 Scts/share.  We have raised our DPS expectations from 5.5-6.0 Scts to 6.0-6.5 Scts for FY23/24F and expect all-time high payout of 7.0 Scts for FY25F in anticipation of record high profit on ~33-34% payout. This translates to 3.8-4.4% yield. We believe there is room to raise the payout ratio. Assuming 40% payout, DPS could be lifted to 7.0-8.5 Scts during the period, implying 4.4-5.3% dividend yield.


aragosta      ( Date: 20-Sep-2023 17:55) Posted:

Ah Yang is performing extremely well during this volatile September month..... daily trades have now come down to a very decent positional volume, unlike two weeks ago where there were unhealthy speculative trading volumes...... and once when this month is past, look forward to a fundamental play by the valued BBs....

Talking about brokerage calls, DBS Research has an even higher TP of $1.90.... but it is this fundamental analysis report that you should take note....

" Record high order backlog boosts earnings visibility through 2025.  Yangzijiang&rsquo s yards are full through 2026 with an orderbook of US$14.7bn. This is expected to propel an earnings CAGR of 15% in the next three years, driven by both revenue growth and margin expansion, as over 70% of its orderbook is made up of containership orders that command higher value and margins.......expect further uplift in its orderbook, boosted by potential orders for large LNG carriers."

When I talked to my RM, that there are at least half a dozen contract wins that are not added to its total order book, he told me that their researchers are pretty aware of it, and will keep note of it in its next revision..... dyoddd anyway

 

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Panda8
Senior
21-Sep-2023 11:53     
 
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 Alert Admin 		power sia, 1.74 
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fuzzyshares
Senior
21-Sep-2023 10:18     
 
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 Alert Admin 		Never a boring share, on the contrary YZJSH is never meant for the weak heart. It is survival of the fittest. As Aragosta put it this is no place for 'contra-nian' with weak pocket.

emailpeter      ( Date: 20-Sep-2023 10:09) Posted:

@fuzzyshares, glad to see you are still participating here. Boring share that keeps getting better, no need long long convulated words or endless debates (unlike our neighbour....haha)0 we .... sit back watch show, sing song....
Happy investing to all here. And @aragosta, we appreciate and look forward to your constant updates.
Here is an excerpt from UOBKH :-

Yangzijiang Shipbuilding (YZJSGD SP)
Trading buy range: S$1.50-1.51 Last price: S$1.65
Target price: S$1.71 Protective stop: S$1.45

Price could have formed a price top at S$1.79. It could retrace to the cloud support in the next few days. The MACD is still bullish with both of its lines above the zero line. The thick cloud support should be able to provide support to the price correction.

The potential upside target is S$1.71. Stop-loss could be placed at S$1.45.
Approximate timeframe on average: 1-2 weeks (initiate this trade idea if the stock hits the entry price range within three trading days)
Our institutional research has a fundamental BUY and target price of S$1.88. 

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fuzzyshares
Senior
20-Sep-2023 18:19     
 
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 Alert Admin 		9/15, 1.68-1.71, closed 1.68, 16m, T-day
9/18, 1.67-1.71, closed 1.70, 11m
9/19, 1.65-1.71, closed 1.65, 18m
9/20, 1.65-1.69, closed 1.67, 15m

Thr 9/21 is the last day to sell contra trades bought on T-day. Was lost but found.
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aragosta
Elite
20-Sep-2023 17:55     
 
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 Alert Admin 		Ah Yang is performing extremely well during this volatile September month..... daily trades have now come down to a very decent positional volume, unlike two weeks ago where there were unhealthy speculative trading volumes...... and once when this month is past, look forward to a fundamental play by the valued BBs....

Talking about brokerage calls, DBS Research has an even higher TP of $1.90.... but it is this fundamental analysis report that you should take note....

" Record high order backlog boosts earnings visibility through 2025.  Yangzijiang&rsquo s yards are full through 2026 with an orderbook of US$14.7bn. This is expected to propel an earnings CAGR of 15% in the next three years, driven by both revenue growth and margin expansion, as over 70% of its orderbook is made up of containership orders that command higher value and margins.......expect further uplift in its orderbook, boosted by potential orders for large LNG carriers."

When I talked to my RM, that there are at least half a dozen contract wins that are not added to its total order book, he told me that their researchers are pretty aware of it, and will keep note of it in its next revision..... dyoddd anyway

 
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emailpeter
Senior
20-Sep-2023 10:09     
 
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 Alert Admin 		@fuzzyshares, glad to see you are still participating here. Boring share that keeps getting better, no need long long convulated words or endless debates (unlike our neighbour....haha)0 we .... sit back watch show, sing song....
Happy investing to all here. And @aragosta, we appreciate and look forward to your constant updates.
Here is an excerpt from UOBKH :-

Yangzijiang Shipbuilding (YZJSGD SP)
Trading buy range: S$1.50-1.51 Last price: S$1.65
Target price: S$1.71 Protective stop: S$1.45

Price could have formed a price top at S$1.79. It could retrace to the cloud support in the next few days. The MACD is still bullish with both of its lines above the zero line. The thick cloud support should be able to provide support to the price correction.

The potential upside target is S$1.71. Stop-loss could be placed at S$1.45.
Approximate timeframe on average: 1-2 weeks (initiate this trade idea if the stock hits the entry price range within three trading days)
Our institutional research has a fundamental BUY and target price of S$1.88. 
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fuzzyshares
Senior
19-Sep-2023 17:17     
 
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 Alert Admin 		9/14, 1.66-1.70, closed 1.69, 16m, T-day
9/15, 1.68-1.71, closed 1.68, 16m
9/18, 1.67-1.71, closed 1.70, 11m
9/19, 1.65-1.71, closed 1.65, 18m

Wed 9/20 is the last day to sell contra trades bought on T-day. Another sell down.
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fuzzyshares
Senior
18-Sep-2023 17:49     
 
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 Alert Admin 		9/13, 1.69-1.72, closed 1.69, 12m, T-day
9/14, 1.66-1.70, closed 1.69, 16m
9/15, 1.68-1.71, closed 1.68, 16m
9/18, 1.67-1.71, closed 1.70, 11m

Tue 9/19 is the last day to sell contra trades bought on T-day. Normal trades, normal close, a normal day.
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Battle123
Elite
16-Sep-2023 21:35     
 
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 Alert Admin 		Juz be careful

I think may go 168 > 160 , then see got support

Dyodd
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JAD_Trader
Senior
15-Sep-2023 22:22     
 
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 Alert Admin 		How low can the correction goes?

fuzzyshares      ( Date: 14-Sep-2023 18:00) Posted:

9/11, 1.70-1.74, closed 1.73, 8m, T-day
9/12, 1.70-1.73, closed 1.72, 10m
9/13, 1.69-1.72, closed 1.69, 12m
9/14, 1.66-1.70, closed 1.69, 16m

Fri 9/15 is the last day to sell contra trades bought on T-day. It's a chess game. Check or be checked.

CGS-CIMB technical snapshot:

Yangzijiang Shipbuilding is likely to see further downside correction after a
parabolic rise on 8 Aug. Thereafter, the stock saw some weak bullish upside and
finally a lower high set the tone for a potential downside. Further price action
suggest more downside:

1. Formation of the diamond top indicates a strong possibility of a bearish
reversal.

2. Ichimoku's base and conversion line sees a potential bearish crossover.

3. Stochastic oscillator has confirms its oversold crossover.

4. 23-period ROC displayed a bearish divergence.
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fuzzyshares
Senior
15-Sep-2023 17:38     
 
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 Alert Admin 		9/12, 1.70-1.73, closed 1.72, 10m, T-day
9/13, 1.69-1.72, closed 1.69, 12m
9/14, 1.66-1.70, closed 1.69, 16m
9/15, 1.68-1.71, closed 1.68, 16m

Mon 9/18 is the last day to sell contra trades bought on T-day. Checked. Again YZJSH was bought down at closing by 7m matching shares @ 1.68. What a bummer to close the week. Well tomorrow is another day.
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aragosta
Elite
14-Sep-2023 20:55     
 
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 Alert Admin
Pretty lady said as of date there are six contract wins worth more than a billion dollars not covered in the half yearly results briefing.... meanwhile......

Japan' s Lepta Shipping dives into gas with order for midsize carrier quartet

Japan' s Lepta Shipping is said to have dived into the midsize LPG carrier segment with an order for a series of 40,000-cbm newbuildings in China. 

Gas players following the shipbuilding market said Lepta - a joint venture between Japanese shipowner Nissen Kaiun and trading house Mitsui & Co - has struck a deal with Yangzijiang Shipbuilding for four dual-fuel midsize gas carriers to be delivered between 2026 and 2027.    The joint venture company has splashed out close to $270m on the dual-fuel fully refrigerated LPG ships 

The newbuildings will be constructed by Jiangsu Yangzi-Mitsui Shipbuilding Co, a tie-up between Yangzijiang Shipbuilding and Japan' s Mitsui E& S Shipbuilding.
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