YZJ Fin Hldg    Last:0.225   -

YZJFH - potentially rewarding

26 price also not too bad 

 

Looks like no chance to get 25.....morning constant buying at 26....

 

打 造 世 界 级 科 技 创 新 策 源 地

今 年 的 政 府 工 作 报 告 提 出 ， 建 设 北 京 （ 京 津 冀 ） 、 上 海 （ 长 三 角 ） 、 粤 港 澳 大 湾 区 国 际 科 技 创 新 中 心 ， 打 造 世 界 级 科 技 创 新 策 源 地 。

these locations property will increased in demand from the new rich in tech.

 

people working in AI, chips, high tech are the new wealth. want to sell luxury goods, real estate. these are the people who has money.
 

 

T+4 for high 31...selling pressure persists....

 

Don' t think need a long wait 
 

 

I am waiting at sub 0.20

 

price expected to continue drift downwards
war in middle east to last much longer than expected 
 

 

The impairment of debts smell!!!
In just a financial years and a few months after the split in two, financial and marine, such Hugh numbers arose. 

I hope at least SIAS would raise this question. 

shareholders should demand for more investment 

HVRRVH      ( Date: 04-Mar-2026 13:10) Posted: 1) $290.9m provision to clean up the book 2) $683m cash idling in ' cash management' - Personally I give them 1 year to see how are they going to deploy this 3) Still have $253.7 NPL on its book without provision - Will there be further provision? 4) Total provision stand at $517.8m - How many % can be written back? Over how long time frame?  5) For point 4, 38% is the figure cited by the company that the provision will be lost, therefore it is expected that $321m can be recovered DI is still too high with book value at $843.9m. That is almost half of its current total assets. Another 40% of assets amounting to $683m is sitting idle in ' cash management' ! Only 10% is now actively generating higher return!! The management need to do something and do it quick. Their only excuse now is they just completed the spin off of YZJM but that does not remove the fact that they have not been looking at other area of investments and take action accordingly other than martime in the last 3 years plus since spun off from YZJS. A new guy Malcome is recruited whith supposedly 10+ years relevant experience. Personally I give them 1 year. I want to see idle cash gone by at least half by end of FY26.

 

1) $290.9m provision to clean up the book
2) $683m cash idling in ' cash management' - Personally I give them 1 year to see how are they going to deploy this
3) Still have $253.7 NPL on its book without provision - Will there be further provision?
4) Total provision stand at $517.8m - How many % can be written back? Over how long time frame? 
5) For point 4, 38% is the figure cited by the company that the provision will be lost, therefore it is expected that $321m can be recovered

DI is still too high with book value at $843.9m. That is almost half of its current total assets. Another 40% of assets amounting to $683m is sitting idle in ' cash management' ! Only 10% is now actively generating higher return!! The management need to do something and do it quick. Their only excuse now is they just completed the spin off of YZJM but that does not remove the fact that they have not been looking at other area of investments and take action accordingly other than martime in the last 3 years plus since spun off from YZJS. A new guy Malcome is recruited whith supposedly 10+ years relevant experience. Personally I give them 1 year. I want to see idle cash gone by at least half by end of FY26. 

 

40% div policy
Based on 100m profit
Should give 3.8% at this price

 

Have been on defensive mode
Should start buying up soon
Over selling
Company should engage in sbb

 

according to survey, after last year measures, developers are building " good houses" - quality.
it is a wise move by management to hold back in lending, and waiting for the good opportunity.
accumulation imho

 

Gentlemen don worry
Real estate in China is recovering speedily this year
AI is driving it creating or re creating lots of jobs
So people have jobs and can repay loan now
These provisions will be written back in due time
Hold

 

buyingpower of huge cash pile increasing as equities prices fall due to isreal/us attack on iran 
close of critical point in oil sea route.

 

  According to the press release :  &ldquo The recognition of FY2025 allowances reflects prevailing market conditions and aligns our portfolio valuations on a more conservative basis.  https://links.sgx.com/FileOpen/YZJFH%20FY2025%20PR_final_28022026.ashx?App=Announcement& FileID=876932

Wld like to consult the sifus here - so the allowances recognition is based on current mkt situation, so if moving fwd, the mkt conditions worsen *touch wood*, does it mean there will be further credit loss allowances for the DI ?

 

Agree with this, I double down on 8YF and decided to hold even though I initially bought this for the dividend.

Just wondering how much can Ren play a part in directing YF8.

HVRRVH      ( Date: 03-Mar-2026 17:37) Posted: Yes. Share price performance extremely weak since spin off. Surgical move, i.e., provision for credit losses to remove cancelleous cell did not seem appealing to investors at large. Company also seems don' t know where to put its huge cash in hands after the fail Shanshan bid. Restructuring take time and $0.25 is not a far fetch scenario. Nevertheless, huge cash and NAV per share of $0.50 provide some reassurance. The problem with current managemenet is that they have to deal with the legacy DI before moving forward. They did with the $290.9m provision, which I did not expect or else I wouldn' t have added to my holding post spin off. Resuting from the huge provision, they chose not to pay dividend and this further affect investors' appetite. Everything has been reset now, no more or big credit loss allowance is expected and dividend is also expected to restart for this FY. Investors just need to see the management put the cash piles to work soon. They have no excuse now with $290.9m credit loss allowance, no more NPL distration so if they still don' t know what to do with their huge cash [I will give them 1 year], then personally I will start reconsider my position. We should not fall in love with our stocks.  Sgvale      ( Date: 03-Mar-2026 16:56) Posted: 0.25 cooking coming

 

Yes. Share price performance extremely weak since spin off. Surgical move, i.e., provision for credit losses to remove cancelleous cell did not seem appealing to investors at large. Company also seems don' t know where to put its huge cash in hands after the fail Shanshan bid. Restructuring take time and $0.25 is not a far fetch scenario. Nevertheless, huge cash and NAV per share of $0.50 provide some reassurance. The problem with current managemenet is that they have to deal with the legacy DI before moving forward. They did with the $290.9m provision, which I did not expect or else I wouldn' t have added to my holding post spin off. Resuting from the huge provision, they chose not to pay dividend and this further affect investors' appetite. Everything has been reset now, no more or big credit loss allowance is expected and dividend is also expected to restart for this FY. Investors just need to see the management put the cash piles to work soon. They have no excuse now with $290.9m credit loss allowance, no more NPL distration so if they still don' t know what to do with their huge cash [I will give them 1 year], then personally I will start reconsider my position. We should not fall in love with our stocks. 

Sgvale      ( Date: 03-Mar-2026 16:56) Posted: 0.25 cooking coming

 

0.25 cooking coming

 

seperating good and bad part of the business always benefits share holders. as good part normally
got under value due to bad part of business. example. sembcorp spit out semb marine. price raise and raise from low teens to $5+

yzj ship building spit out yzjfh with the di part view as no good from their share holders. so when the good part report good business. share price raise and raise.

poor yzjfh stuck with bad DI with china property collateral. but maritime business was on cyclical up.
so spit out the good and share holders benefited. hope later yzjmaritime will be like other good part of business grow and grow.

so poor yzjfh still stuck with bad china DI . how ? good move to provide for it and take a 1 time hit on share price. after that no more bad DI. then it will grow according to their investment return.
under trump interest sure go towards zero again. are you ready. but buy already must be able to hold cause it will not bear fruits immediately. but something like 1 year or more. as interest will start falling soon with new feb chair. will wayang a bit but cut is sure one. for us cannot afford the high interest for too long. even the war with iran as well.