YZJ Fin Hldg    Last:0.23    -0.01

YZJFH - potentially rewarding

hi volvo, thank you for your sharing, appreciate your hard work.

volvo125      ( Date: 09-Nov-2022 23:49) Posted: It was not an exclusive PR event per se but still a PR event tagging along the L& T in-house research team presentations as a front. The presentation on SGX seems strange and out of place though in this webinar (seems like wrong target audience) and I think the speaker certainly did not expect himself to be bombarded repeatedly with many emotional charged questions on SGX regulatory " behaviours" or " non behaviours" . The SGX speaker was seen to be giving quite a lot of supporting words to Li Hua during the Q& A session.  There was no 3Q update and both presentations were done by the PR consultants who narrated along the lines of the previous 1H22 presenations. Along the lines, some hints were picked up. 1.    YZJ is expecting to do very well at the topline and bottomline in 2H due to the significant USD appreciation as most of its revenues were denominated in USD.  2.    ~90% of YFH still in PRC in 2H so RMB devaluation against SGD will adversely affect the net asset value, in line with the analysis which I shared in this thread earlier. However, I have also highlighted that the positive effect of SBB will counter this NAV devaluation. 3.    YFH will benefit from USD appreciation on its offshore fund due to the mainly USD denominated assets in Cash or Cash Equivalent or already in Investments, in line with what I have also highlighted earlier in this thread except that I was taking a weighted average of the opening (11% of fund at 2H Open) and closing balances (22% at 2H Close) of the estimated offshore assets. So the magnitude of this benefit will depend on how fast the 2nd tranche 11% was converted to USD and move into SG during 2H.    4.    YFH will also benefit from the rate hikes due to the prevailing high proportion of Cash or Cash Equivalent on hand in 2H due to the matured DI recycling process where the cash drags will stand to earn much higher returns.    5.    Liu Hua (LH) agreed that buying YFH at the current heavily discounted price is a very good investment for the coy to enhance L/T shareholder value and she commented the buying objective is due to good investment and not to defend the price.  6.    The sudden halt of SBB on 31 Oct was also confirmed by LH to be due to the sensitivity of 3Q management report preparation window. She reassured that here is no intention to stop the SBB and YFH has all the money to do so. 7.    LH highlighted the 10% SBB cap but short of advising the audience what the coy will or can do when this cap is reached. Myself and another forum member @Ayahiro in this thread did type out our questions to the webinar administrator on what YFH will do when SBB is maxed out but our questions were not tabled out for LH to comment. 8.    Nobody has chance to raise a question on the still ongoing PRC property crisis and YFH perceived NPL going forward. Thanks to the last minute webinar lead sent to me by @Ayahiro, who himself just gotten the lead from his broker yesterday.  Anyone can add to the above summary list that I might have missed ....

 

It has been YZJ policy (consistent practice) to declare dividend annually after the FY result is announced, and payment will only effect in ~ mid May after the AGM in ~ mid Apr. YFH will follow this policy so do not expect to hear any dividend declaration in the 3Q interim business update, if YZJ and YFH do decide to provide the 3Q brief which is not mandatory.

YibaoI      ( Date: 10-Nov-2022 01:43) Posted: This is quite assuring to me in my view. They saying something inbetween the lines while waiting to release the upcoming 3rd quarter report. Definitely a good value at current price but does not mean it will not go down further due to market conditions and still no news of the dividend. Hopefully more good news will come. but for now I will hold on to my shares and buy more everytime it hit my target price if it drop further. vested and dyodd volvo125      ( Date: 09-Nov-2022 23:49) Posted: It was not an exclusive PR event per se but still a PR event tagging along the L& T in-house research team presentations as a front. The presentation on SGX seems strange and out of place though in this webinar (seems like wrong target audience) and I think the speaker certainly did not expect himself to be bombarded repeatedly with many emotional charged questions on SGX regulatory " behaviours" or " non behaviours" . The SGX speaker was seen to be giving quite a lot of supporting words to Li Hua during the Q& A session.  There was no 3Q update and both presentations were done by the PR consultants who narrated along the lines of the previous 1H22 presenations. Along the lines, some hints were picked up. 1.    YZJ is expecting to do very well at the topline and bottomline in 2H due to the significant USD appreciation as most of its revenues were denominated in USD.  2.    ~90% of YFH still in PRC in 2H so RMB devaluation against SGD will adversely affect the net asset value, in line with the analysis which I shared in this thread earlier. However, I have also highlighted that the positive effect of SBB will counter this NAV devaluation. 3.    YFH will benefit from USD appreciation on its offshore fund due to the mainly USD denominated assets in Cash or Cash Equivalent or already in Investments, in line with what I have also highlighted earlier in this thread except that I was taking a weighted average of the opening (11% of fund at 2H Open) and closing balances (22% at 2H Close) of the estimated offshore assets. So the magnitude of this benefit will depend on how fast the 2nd tranche 11% was converted to USD and move into SG during 2H.    4.    YFH will also benefit from the rate hikes due to the prevailing high proportion of Cash or Cash Equivalent on hand in 2H due to the matured DI recycling process where the cash drags will stand to earn much higher returns.    5.    Liu Hua (LH) agreed that buying YFH at the current heavily discounted price is a very good investment for the coy to enhance L/T shareholder value and she commented the buying objective is due to good investment and not to defend the price.  6.    The sudden halt of SBB on 31 Oct was also confirmed by LH to be due to the sensitivity of 3Q management report preparation window. She reassured that here is no intention to stop the SBB and YFH has all the money to do so. 7.    LH highlighted the 10% SBB cap but short of advising the audience what the coy will or can do when this cap is reached. Myself and another forum member @Ayahiro in this thread did type out our questions to the webinar administrator on what YFH will do when SBB is maxed out but our questions were not tabled out for LH to comment. 8.    Nobody has chance to raise a question on the still ongoing PRC property crisis and YFH perceived NPL going forward. Thanks to the last minute webinar lead sent to me by @Ayahiro, who himself just gotten the lead from his broker yesterday.  Anyone can add to the above summary list that I might have missed ....

 

Same view. Reassured that there are no nasty surprises. 
And I expect dividends to be declared only in the full FY results.

The extremely depressed price does not worry me. Share prices in the short term do not reflect the value of a company. But in the long term they will. Looking to add when/if it drops further, to my target price. Hoping and waiting for next big drop in the markets.

YibaoI      ( Date: 10-Nov-2022 01:43) Posted: This is quite assuring to me in my view. They saying something inbetween the lines while waiting to release the upcoming 3rd quarter report. Definitely a good value at current price but does not mean it will not go down further due to market conditions and still no news of the dividend. Hopefully more good news will come. but for now I will hold on to my shares and buy more everytime it hit my target price if it drop further. vested and dyodd volvo125      ( Date: 09-Nov-2022 23:49) Posted: It was not an exclusive PR event per se but still a PR event tagging along the L& T in-house research team presentations as a front. The presentation on SGX seems strange and out of place though in this webinar (seems like wrong target audience) and I think the speaker certainly did not expect himself to be bombarded repeatedly with many emotional charged questions on SGX regulatory " behaviours" or " non behaviours" . The SGX speaker was seen to be giving quite a lot of supporting words to Li Hua during the Q& A session.  There was no 3Q update and both presentations were done by the PR consultants who narrated along the lines of the previous 1H22 presenations. Along the lines, some hints were picked up. 1.    YZJ is expecting to do very well at the topline and bottomline in 2H due to the significant USD appreciation as most of its revenues were denominated in USD.  2.    ~90% of YFH still in PRC in 2H so RMB devaluation against SGD will adversely affect the net asset value, in line with the analysis which I shared in this thread earlier. However, I have also highlighted that the positive effect of SBB will counter this NAV devaluation. 3.    YFH will benefit from USD appreciation on its offshore fund due to the mainly USD denominated assets in Cash or Cash Equivalent or already in Investments, in line with what I have also highlighted earlier in this thread except that I was taking a weighted average of the opening (11% of fund at 2H Open) and closing balances (22% at 2H Close) of the estimated offshore assets. So the magnitude of this benefit will depend on how fast the 2nd tranche 11% was converted to USD and move into SG during 2H.    4.    YFH will also benefit from the rate hikes due to the prevailing high proportion of Cash or Cash Equivalent on hand in 2H due to the matured DI recycling process where the cash drags will stand to earn much higher returns.    5.    Liu Hua (LH) agreed that buying YFH at the current heavily discounted price is a very good investment for the coy to enhance L/T shareholder value and she commented the buying objective is due to good investment and not to defend the price.  6.    The sudden halt of SBB on 31 Oct was also confirmed by LH to be due to the sensitivity of 3Q management report preparation window. She reassured that here is no intention to stop the SBB and YFH has all the money to do so. 7.    LH highlighted the 10% SBB cap but short of advising the audience what the coy will or can do when this cap is reached. Myself and another forum member @Ayahiro in this thread did type out our questions to the webinar administrator on what YFH will do when SBB is maxed out but our questions were not tabled out for LH to comment. 8.    Nobody has chance to raise a question on the still ongoing PRC property crisis and YFH perceived NPL going forward. Thanks to the last minute webinar lead sent to me by @Ayahiro, who himself just gotten the lead from his broker yesterday.  Anyone can add to the above summary list that I might have missed ....

 

This is quite assuring to me in my view.

They saying something inbetween the lines while waiting to release the upcoming 3rd quarter report.
Definitely a good value at current price but does not mean it will not go down further due to market conditions and still no news of the dividend.

Hopefully more good news will come. but for now I will hold on to my shares and buy more everytime it hit my target price if it drop further.
vested and dyodd

volvo125      ( Date: 09-Nov-2022 23:49) Posted: It was not an exclusive PR event per se but still a PR event tagging along the L& T in-house research team presentations as a front. The presentation on SGX seems strange and out of place though in this webinar (seems like wrong target audience) and I think the speaker certainly did not expect himself to be bombarded repeatedly with many emotional charged questions on SGX regulatory " behaviours" or " non behaviours" . The SGX speaker was seen to be giving quite a lot of supporting words to Li Hua during the Q& A session.  There was no 3Q update and both presentations were done by the PR consultants who narrated along the lines of the previous 1H22 presenations. Along the lines, some hints were picked up. 1.    YZJ is expecting to do very well at the topline and bottomline in 2H due to the significant USD appreciation as most of its revenues were denominated in USD.  2.    ~90% of YFH still in PRC in 2H so RMB devaluation against SGD will adversely affect the net asset value, in line with the analysis which I shared in this thread earlier. However, I have also highlighted that the positive effect of SBB will counter this NAV devaluation. 3.    YFH will benefit from USD appreciation on its offshore fund due to the mainly USD denominated assets in Cash or Cash Equivalent or already in Investments, in line with what I have also highlighted earlier in this thread except that I was taking a weighted average of the opening (11% of fund at 2H Open) and closing balances (22% at 2H Close) of the estimated offshore assets. So the magnitude of this benefit will depend on how fast the 2nd tranche 11% was converted to USD and move into SG during 2H.    4.    YFH will also benefit from the rate hikes due to the prevailing high proportion of Cash or Cash Equivalent on hand in 2H due to the matured DI recycling process where the cash drags will stand to earn much higher returns.    5.    Liu Hua (LH) agreed that buying YFH at the current heavily discounted price is a very good investment for the coy to enhance L/T shareholder value and she commented the buying objective is due to good investment and not to defend the price.  6.    The sudden halt of SBB on 31 Oct was also confirmed by LH to be due to the sensitivity of 3Q management report preparation window. She reassured that here is no intention to stop the SBB and YFH has all the money to do so. 7.    LH highlighted the 10% SBB cap but short of advising the audience what the coy will or can do when this cap is reached. Myself and another forum member @Ayahiro in this thread did type out our questions to the webinar administrator on what YFH will do when SBB is maxed out but our questions were not tabled out for LH to comment. 8.    Nobody has chance to raise a question on the still ongoing PRC property crisis and YFH perceived NPL going forward. Thanks to the last minute webinar lead sent to me by @Ayahiro, who himself just gotten the lead from his broker yesterday.  Anyone can add to the above summary list that I might have missed ....

 

Luckily I sold this counter, LOL, you see in the end, they still good at talking only? where is the action? NATO? No action Talk Only stock?

Where is the 40% dividend? blank cheque?

Come on, stop giving the investors this type of talking shows, no matter how good you paint the company, the company stock price in the market is the best indicator.

 

It was not an exclusive PR event per se but still a PR event tagging along the L& T in-house research team presentations as a front. The presentation on SGX seems strange and out of place though in this webinar (seems like wrong target audience) and I think the speaker certainly did not expect himself to be bombarded repeatedly with many emotional charged questions on SGX regulatory " behaviours" or " non behaviours" . The SGX speaker was seen to be giving quite a lot of supporting words to Li Hua during the Q& A session. 

There was no 3Q update and both presentations were done by the PR consultants who narrated along the lines of the previous 1H22 presenations. Along the lines, some hints were picked up.

1.    YZJ is expecting to do very well at the topline and bottomline in 2H due to the significant USD appreciation as most of its revenues were denominated in USD. 

2.    ~90% of YFH still in PRC in 2H so RMB devaluation against SGD will adversely affect the net asset value, in line with the analysis which I shared in this thread earlier. However, I have also highlighted that the positive effect of SBB will counter this NAV devaluation.

3.    YFH will benefit from USD appreciation on its offshore fund due to the mainly USD denominated assets in Cash or Cash Equivalent or already in Investments, in line with what I have also highlighted earlier in this thread except that I was taking a weighted average of the opening (11% of fund at 2H Open) and closing balances (22% at 2H Close) of the estimated offshore assets. So the magnitude of this benefit will depend on how fast the 2nd tranche 11% was converted to USD and move into SG during 2H.   

4.    YFH will also benefit from the rate hikes due to the prevailing high proportion of Cash or Cash Equivalent on hand in 2H due to the matured DI recycling process where the cash drags will stand to earn much higher returns.   

5.    Liu Hua (LH) agreed that buying YFH at the current heavily discounted price is a very good investment for the coy to enhance L/T shareholder value and she commented the buying objective is due to good investment and not to defend the price. 

6.    The sudden halt of SBB on 31 Oct was also confirmed by LH to be due to the sensitivity of 3Q management report preparation window. She reassured that here is no intention to stop the SBB and YFH has all the money to do so.

7.    LH highlighted the 10% SBB cap but short of advising the audience what the coy will or can do when this cap is reached. Myself and another forum member @Ayahiro in this thread did type out our questions to the webinar administrator on what YFH will do when SBB is maxed out but our questions were not tabled out for LH to comment.

8.    Nobody has chance to raise a question on the still ongoing PRC property crisis and YFH perceived NPL going forward.

Thanks to the last minute webinar lead sent to me by @Ayahiro, who himself just gotten the lead from his broker yesterday. 

Anyone can add to the above summary list that I might have missed .... 

 

TQ

2egg4kosong      ( Date: 09-Nov-2022 15:49) Posted: Meeting ID: 835 5986 9561 Passcode: 478073 Zoom 6pm today

 

Thanks much, I am in the presentation now.
If you all can come in, and ask the questions.

2egg4kosong      ( Date: 09-Nov-2022 15:49) Posted: Meeting ID: 835 5986 9561 Passcode: 478073 Zoom 6pm today

 

Meeting ID: 835 5986 9561
Passcode: 478073

Zoom 6pm today

 

after annoucement just continue buy back can already.
that is good actions.  nta has increased to $1.14+
cash later can buy things cheap cheap. one simple way is buy 10 year bond at near peak. collect > 5% (projected next year rate) and possible double bond price when interest rate come down to 2%+
just dream dream only ya. my point is the cash is worth a lot more now then apr after thing has fallen so much. so no action is better then action and lost 20-30% in the last half year.
dyodd

 

Will be talk only and no action. Even got action and just like SBB, it doesn?t change the outcome.

blizzzz      ( Date: 08-Nov-2022 23:33) Posted: Even though I already sold away this stock, but I still want to see if tomorrow the management team of YZJ FH are still only good in talking but totally no action after talking? This company until now is all talk no actions, let' s see what they are gonna come up tomorrow. If they still talk only but no actions, I think most retailers investors will surely lose patience with this stock.

 

Even though I already sold away this stock, but I still want to see if tomorrow the management team of YZJ FH are still only good in talking but totally no action after talking?

This company until now is all talk no actions, let' s see what they are gonna come up tomorrow. If they still talk only but no actions, I think most retailers investors will surely lose patience with this stock.

 

It is not a big news? what impact can it have when it is just a small event? lol. If got good news to announce, someone would have got wind of it and bought the shares.

SBB can?t even beat the short sellers, I doubt this small event can help!

Maxgrow68      ( Date: 08-Nov-2022 19:30) Posted: Oic. Tks everybody! GoldenPig      ( Date: 08-Nov-2022 18:37) Posted: The webinar will be held tomorrow evening. Unclebond is attending. Let' s wait for his feedback

 

Oic. Tks everybody!

GoldenPig      ( Date: 08-Nov-2022 18:37) Posted: The webinar will be held tomorrow evening. Unclebond is attending. Let' s wait for his feedback. Maxgrow68      ( Date: 08-Nov-2022 18:34) Posted: Bro what you gathered from the webnair? Can share? TQ

 

Yes ... hear from Unclebond. Hope he got chance to ask more questions ...

Maxgrow68      ( Date: 08-Nov-2022 18:34) Posted: Bro what you gathered from the webnair? Can share? TQ ! volvo125      ( Date: 08-Nov-2022 17:44) Posted: I just saw the details of the 9 Nov Webinar hosted by L& T. The event time is 6pm to 8.30pm and only involved YFH and YZJ. The panel is filled by (1) Liu Hua of YFH/YZJ, (2) Dominic Lim, Head of Investor Relations from SGX, (3) Linus Loo, Nick Yon and James Lim from L& T Research Team. So this is definitely an exclusive PR event arranged by YFH/YZJ though the L& T platform to formally brief analysts, update 3Q interim results and likely provide further guidance to FY22 and may be even offer a glimpse of FY23. Not sure why the SGX Head of IR is also in the picture ... probably to add more weight and authenticity to the event.

 

The webinar will be held tomorrow evening. Unclebond is attending. Let' s wait for his feedback.

Maxgrow68      ( Date: 08-Nov-2022 18:34) Posted: Bro what you gathered from the webnair? Can share? TQ ! volvo125      ( Date: 08-Nov-2022 17:44) Posted: I just saw the details of the 9 Nov Webinar hosted by L& T. The event time is 6pm to 8.30pm and only involved YFH and YZJ. The panel is filled by (1) Liu Hua of YFH/YZJ, (2) Dominic Lim, Head of Investor Relations from SGX, (3) Linus Loo, Nick Yon and James Lim from L& T Research Team. So this is definitely an exclusive PR event arranged by YFH/YZJ though the L& T platform to formally brief analysts, update 3Q interim results and likely provide further guidance to FY22 and may be even offer a glimpse of FY23. Not sure why the SGX Head of IR is also in the picture ... probably to add more weight and authenticity to the event.

 

Bro what you gathered from the webnair? Can share?
TQ !

volvo125      ( Date: 08-Nov-2022 17:44) Posted: I just saw the details of the 9 Nov Webinar hosted by L& T. The event time is 6pm to 8.30pm and only involved YFH and YZJ. The panel is filled by (1) Liu Hua of YFH/YZJ, (2) Dominic Lim, Head of Investor Relations from SGX, (3) Linus Loo, Nick Yon and James Lim from L& T Research Team. So this is definitely an exclusive PR event arranged by YFH/YZJ though the L& T platform to formally brief analysts, update 3Q interim results and likely provide further guidance to FY22 and may be even offer a glimpse of FY23. Not sure why the SGX Head of IR is also in the picture ... probably to add more weight and authenticity to the event.

 

Perhaps the SGX rep is there to answer queries about why they allow unusual price movements of YZJFH. 😆  

volvo125      ( Date: 08-Nov-2022 17:44) Posted: I just saw the details of the 9 Nov Webinar hosted by L& T. The event time is 6pm to 8.30pm and only involved YFH and YZJ. The panel is filled by (1) Liu Hua of YFH/YZJ, (2) Dominic Lim, Head of Investor Relations from SGX, (3) Linus Loo, Nick Yon and James Lim from L& T Research Team. So this is definitely an exclusive PR event arranged by YFH/YZJ though the L& T platform to formally brief analysts, update 3Q interim results and likely provide further guidance to FY22 and may be even offer a glimpse of FY23. Not sure why the SGX Head of IR is also in the picture ... probably to add more weight and authenticity to the event.

 

I just saw the details of the 9 Nov Webinar hosted by L& T. The event time is 6pm to 8.30pm and only involved YFH and YZJ. The panel is filled by (1) Liu Hua of YFH/YZJ, (2) Dominic Lim, Head of Investor Relations from SGX, (3) Linus Loo, Nick Yon and James Lim from L& T Research Team.

So this is definitely an exclusive PR event arranged by YFH/YZJ though the L& T platform to formally brief analysts, update 3Q interim results and likely provide further guidance to FY22 and may be even offer a glimpse of FY23. Not sure why the SGX Head of IR is also in the picture ... probably to add more weight and authenticity to the event.   
 

 

Okay bought a few lots for fun, since its relatively low.