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Guru Warren Buffett knew the "Six basic tenets of Dow Theory" very well ! R u follow?

Stock market averages must confirm each other
---> According to this logic, if manufacturers' profits are rising, it follows that they are producing more. If they produce
more, then they have to ship more goods to consumers. Hence, if an investor is looking for signs of health in manufacturers,
he or she should look at the performance of the companies that ship the output of them to market, the railroads. The two
averages should be moving in the same direction. When the performance of the averages diverge, it is a warning that
change is in the air. Both Barron's Magazine and the Wall Street Journal still publish the daily performance of the
Dow Jones Transportation Index in chart form. The index contains major railroads, shipping companies, and
air freight carriers in the US.

http://www.news-leader.com/article/20100502/BUSINESS/5020351/Business-Watch
...Buffett previewed his company's first-quarter earnings report at the meeting at Omaha's Qwest Center. He said Berkshire
rebounded from last year's first-quarter loss and earned $3.6 billion as the economic recovery began and Berkshire absorbed
Burlington Northern Santa Fe railroad......

tradersgx ( Date: 02-May-2010 21:48) Posted:

As the economic recovery began, Warren Buffett's choice "Burlington Northern Santa Fe railroad"...Cosco, NOL, YZJ...... ('.' )

http://www.bnsf.com/investors/secfilings/10K_corp_2009.pdf

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As the economic recovery began, Warren Buffett's choice "Burlington Northern Santa Fe railroad"...Cosco, NOL, YZJ...... ('.' )

http://www.bnsf.com/investors/secfilings/10K_corp_2009.pdf

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As the economic recovery began, Warren Buffett's choice "Burlington Northern Santa Fe railroad"...Cosco, NOL, YZJ...... ('.' )

http://www.bnsf.com/investors/secfilings/10K_corp_2009.pdf

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Six basic tenets of Dow Theory:

1.The market has three movements

2.Market trends have three phases

3.The stock market discounts all news

4.Stock market averages must confirm each other
--> In Dow's time, the US was a growing industrial power. The US had population centers but factories were scattered
throughout the country. Factories had to ship their goods to market, usually by rail. Dow's first stock averages were
an index of industrial (manufacturing) companies and rail companies. To Dow, a bull market in industrials could not occur
unless the railway average rallied as well, usually first.

---> According to this logic, if manufacturers' profits are rising, it follows that they are producing more. If they produce
more, then they have to ship more goods to consumers. Hence, if an investor is looking for signs of health in manufacturers,
he or she should look at the performance of the companies that ship the output of them to market, the railroads. The two
averages should be moving in the same direction. When the performance of the averages diverge, it is a warning that
change is in the air. Both Barron's Magazine and the Wall Street Journal still publish the daily performance of the
Dow Jones Transportation Index in chart form. The index contains major railroads, shipping companies, and
air freight carriers in the US.

5.Trends are confirmed by volume

6.Trends exist until definitive signals prove that they have ended

http://en.wikipedia.org/wiki/Dow_Theory

28/Apr/2010 BDI is 3329 !

sgxinvestor ( Date: 29-Apr-2010 11:56) Posted:

BDI Up! Cosco set sail to "North" direction now !!!

tradersgx ( Date: 29-Apr-2010 00:08) Posted:

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Right! Focus back on YZJ Major Revenue, It is Strong and Bright! Cheooooooong Arrrrr!!!

i780samsung ( Date: 28-Apr-2010 06:52) Posted:

This morning on SGX website:

MEDIA RELEASE – FOR IMMEDIATE RELEASE

Yangzijiang registers 21% growth in earnings to RMB586.4 million in 1Q2010

Achieved against a 28% increase in revenue to RMB2,675.5 million as comparatively more vessels delivered in 1Q2010

Robust net operating cash flow of RMB1,625.6 million

Order book comprising 125 vessels worth USD5.45 billion

SINGAPORE – 28 April 2010 – Yangzijiang Shipbuilding (Holdings) Limited ("Yangzijiang" or "the Group" or "扬子江船业控股有限公司"), one of PRC’s leading and most enterprising shipbuilder listed on the SGX Main Board, is pleased to kick-start 2010 with another set of good results for the three months that ended 31 March 2010 ("1Q2010"). The Group recorded quarterly earnings of RMB586.4 million for 1Q2010, an increase of 21% year-on-year.

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▼ BakerTech 0.520 -0.045 -7.965%

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sgxinvestor ( Date: 25-Apr-2010 13:01) Posted:

Highlight of the day: "   "I should have bought YZJ when it was $1.43... Now it
                                             was $5.00.." Sounds familiar to a lot of hesitating investor.   "

                                          - CheongCK, 25-Apr-2010 12:36 -

PPL boosted S$5.4 million dividend for Baker Tech in past year 2009, What about this year's dividend?
Who shd receive PPL's 2010 dividend?

Many BBs' plots are very much depending on SHAREJUNCTION's "Prominent Citizens", we computed
the stocks' TA and FA informations, then BBs use it for making the "Market Trends". Cheers !!!

tradersgx ( Date: 25-Apr-2010 02:52) Posted:

PPL is GOOD! BT need to sell it to dress up Nicely.... see attached link for BT's AR2009

http://www.bakertech.com.sg/pdf/BakerAR_2009.pdf

operation_pesb
Member
25-Apr-2010 02:23      User is Online About operation_pesb      Contact      Quote!

x 0
x 0

Alert Admin BT trying to dress up their P/L ? By saying that do you mean that PPL is a loss making associate of BT?

Rate This Post: Useful To Me   Not Useful To Me

tradersgx
Veteran
25-Apr-2010 01:52      User is Online About tradersgx      Contact      Quote!      Style: Combined

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Alert Admin
Think it again...... and be careful ...   ( '.' ) ...... short/mid/long term...........

Rationale: BT try to dress up thier P&L? ('.' )

                                                                              VS

Rationale: YZJ enter to the Robust Offshore Sector, and further strengthen YZJ's capabilities
in this area and further the Group's development and competency strategies.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_1117E3B112A9CFA14825770D00326027/$file/BTLQ110.pdf?openelement

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9C3467846D39391C482576D2005DCC51/$file/PPT.pdf?openelement

Rate This Post: Useful To Me

operation_pesb ( Date: 25-Apr-2010 02:23) Posted:

BT trying to dress up their P/L ? By saying that do you mean that PPL is a loss making associate of BT?

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x 0

tradersgx ( Date: 24-Apr-2010 04:18) Posted:

CheongCK ( Date: 23-Apr-2010 20:13) Posted:

COSCO pins hopes on 2010 recovery

Hong Kong: Things can only get better. That was the overriding message from China COSCO Holdings at its annual results announcement yesterday in Hong Kong. The Chinese conglomerate suffered a worst than expected second half.
COSCO made a net loss of 2.87 billion yuan ($420.4 million) during the six months ended December against a loss of 3.5 billion yuan a year earlier.
For the full year, China COSCO posted a net loss of 7.47 billion yuan, reversing a profit of 11.62 billion yuan in 2008.
Looking ahead, the line was more upbeat. "It is expected that annual average freight rates will increase significantly and liners will achieve better results of operation," the company said in a statement. "However ... the pressure on the container liner shipping market will continue."  The dry bulk market will be better this year but will see pressure from additional capacity supply, it added. [23/04/10]

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PPL is GOOD! BT need to sell it to dress up Nicely.... see attached link for BT's AR2009

http://www.bakertech.com.sg/pdf/BakerAR_2009.pdf

operation_pesb
Member
25-Apr-2010 02:23      User is Online About operation_pesb      Contact      Quote!

x 0
x 0

Alert Admin BT trying to dress up their P/L ? By saying that do you mean that PPL is a loss making associate of BT?

Rate This Post: Useful To Me   Not Useful To Me

tradersgx
Veteran
25-Apr-2010 01:52      User is Online About tradersgx      Contact      Quote!      Style: Combined

x 0
x 0

Alert Admin
Think it again...... and be careful ...   ( '.' ) ...... short/mid/long term...........

Rationale: BT try to dress up thier P&L? ('.' )

                                                                              VS

Rationale: YZJ enter to the Robust Offshore Sector, and further strengthen YZJ's capabilities
in this area and further the Group's development and competency strategies.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_1117E3B112A9CFA14825770D00326027/$file/BTLQ110.pdf?openelement

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9C3467846D39391C482576D2005DCC51/$file/PPT.pdf?openelement

iwonder      ( Date: 25-Apr-2010 00:05) Posted:

In a way, it is true... the one acquiring (YZJ) will have to fork out $$ and that's bad in the short term.

In US markets, all companies that are takeover target will rise and all those who acquires will fall.

words007      ( Date: 24-Apr-2010 23:54) Posted:

why so many are happy here? my broker told me that the news is good to Baker shareholders but bad to yzj's? true?

Rate This Post: Useful To Me

operation_pesb ( Date: 25-Apr-2010 02:23) Posted:

BT trying to dress up their P/L ? By saying that do you mean that PPL is a loss making associate of BT?

x 0

Think it again...... and be careful ... ( '.' ) ...... short/mid/long term...........

Rationale: BT try to dress up thier P&L? ('.' )

VS

Rationale: YZJ enter to the Robust Offshore Sector, and further strengthen YZJ's capabilities
in this area and further the Group's development and competency strategies.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_1117E3B112A9CFA14825770D00326027/$file/BTLQ110.pdf?openelement

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9C3467846D39391C482576D2005DCC51/$file/PPT.pdf?openelement

iwonder ( Date: 25-Apr-2010 00:05) Posted:

In a way, it is true... the one acquiring (YZJ) will have to fork out $$ and that's bad in the short term.

In US markets, all companies that are takeover target will rise and all those who acquires will fall.

words007 ( Date: 24-Apr-2010 23:54) Posted:

why so many are happy here? my broker told me that the news is good to Baker shareholders but bad to yzj's? true?

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tradersgx ( Date: 24-Apr-2010 03:08) Posted:

Rationale: YZJ To Enter The Robust Offshore Sector (^.^ )

The Board of Yangzijiang is of the view that this strategic acquisition would be in the best interest
of the Group as Yangzijiang’s post-Acquisition involvement in PPL Shipyard's business for the
design and construction of offshore drilling rigs would add to, and further strengthen Yangzijiang's
capabilities in this area and further the Group's development and competency strategies.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

19 April 2010 CIMB

Yangzijiang Shipbuilding; Move into Offshore

OUTPERFORM; Target: S$2.07

risktaker ( Date: 23-Apr-2010 23:44) Posted:

Ok guess its time to let YZJ cruise to $1.60 next week. Since Baker accepted the deal. Its good news for YZJ :)

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CheongCK ( Date: 23-Apr-2010 20:13) Posted:

COSCO pins hopes on 2010 recovery

Hong Kong: Things can only get better. That was the overriding message from China COSCO Holdings at its annual results announcement yesterday in Hong Kong. The Chinese conglomerate suffered a worst than expected second half.
COSCO made a net loss of 2.87 billion yuan ($420.4 million) during the six months ended December against a loss of 3.5 billion yuan a year earlier.
For the full year, China COSCO posted a net loss of 7.47 billion yuan, reversing a profit of 11.62 billion yuan in 2008.
Looking ahead, the line was more upbeat. "It is expected that annual average freight rates will increase significantly and liners will achieve better results of operation," the company said in a statement. "However ... the pressure on the container liner shipping market will continue."  The dry bulk market will be better this year but will see pressure from additional capacity supply, it added. [23/04/10]

x 0

Rationale: YZJ To Enter The Robust Offshore Sector (^.^ )

The Board of Yangzijiang is of the view that this strategic acquisition would be in the best interest
of the Group as Yangzijiang’s post-Acquisition involvement in PPL Shipyard's business for the
design and construction of offshore drilling rigs would add to, and further strengthen Yangzijiang's
capabilities in this area and further the Group's development and competency strategies.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

19 April 2010 CIMB

Yangzijiang Shipbuilding; Move into Offshore

OUTPERFORM; Target: S$2.07

risktaker ( Date: 23-Apr-2010 23:44) Posted:

Ok guess its time to let YZJ cruise to $1.60 next week. Since Baker accepted the deal. Its good news for YZJ :)

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China Yuchai International Limited (HLA holding 27.5% stake) is trading about US$20+ now. HL Asia getting more valuable! (^.^ )

http://finance.yahoo.com/q/ta?s=CYD&t=1y&l=off&z=l&q=l&p=b,e50,e100,e200&a=m26-12-9&c=

tradersgx ( Date: 01-Apr-2010 01:31) Posted:

Date & Time of Broadcast	31-Mar-2010 18:03:19 SGX
Announcement No.	00176

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

Announcement Title *

Increase of Shareholding in China Yuchai International Limited (“CYI”)

Description

The Board of Directors of Hong Leong Asia Ltd. (“HLA” or the “Company”) wishes to announce that Well Summit Investments Limited (“Well Summit”), a wholly-owned subsidiary of the Company, has purchased in the open market an aggregate of 299,007 ordinary shares of US$0.10 each in the capital of CYI (a company listed on the New York Stock Exchange), representing approximately 0.80% of the issued and paid-up share capital of CYI, for an aggregate cash consideration of US$4,448,808.90. The consideration was funded by a combination of internal funds and bank borrowings. Following the said purchases, the HLA group holds in aggregate 10,248,014 CYI shares (inclusive of 1 special share of US$0.10 in CYI) representing approximately 27.50% of the issued and paid-up share capital of US$3,726,767.40 comprising 37,267,673 ordinary shares and 1 special share of CYI as at 30 March 2010.

By Order of the Board
HONG LEONG ASIA LTD.

Ng Siew Ping, Jaslin
Company Secretary

31 March 2010
Singapore

tradersgx ( Date: 25-Feb-2010 22:31) Posted:

( ^_^)( ^_^) ( ^_^)( ^_^) Huat La! (^_^ ) (^_^ )(^_^ ) (^_^ )

CHINA YUCHAI INTERNATIONAL LIMITED UNAUDITED CONSOLIDATED INCOME STATEMENTS
For the year ended December 31, 2009 ; (Hong Leong Asia Ltd holdings 26.7% shares)

in Rmb$ FY2009 vs FY2008

Revenues, net Rmb$13.1bln VS Rmb$10.4bln yoy +26.3%

Net income Rmb$628mln VS Rmb$240mln yoy +161.6% WoW! (^_^ )(^_^ )(^_^ )

Net earnings per common share Rmb$16.85 VS Rmb$6.44 yoy +161.6%

or

in USD$ FY2009 vs FY2008

Revenues, net USD$1.9bln VS USD$1.5bln yoy +26.3%

Net income USD$92mln VS USD$35.2mln yoy +161.6% WoW! (^_^ )(^_^ )(^_^ )

Net earnings per common share USD$2.47 VS USD$0.94 yoy +161.6%

RMB 6.8282 = US$1.00
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_02E1F26FEE01124D482576D5003F299F/$file/CYI_6K_unaudited_2009_financial_results.pdf?openelement

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Looking for Mid/Long term? ... See the Golden number 11.8 (^.^ )

tradersgx ( Date: 23-Apr-2010 01:08) Posted:

Ratios For Yangzijiang Shipbuilding (Holdings) Limited

Market Capitalisation
Market Cap ($ Millions) 5,480.03
Shares Outstanding        3,653.28
Float                            1,999.74

Valuation Ratios
Price/Earnings   11.87    <----- (',' )
Price/Sales         2.56
Price/Book          4.31
Price/Cash Flow 11.24

Management Effectiveness (%)
Return on Equity         43.10
Return on Assets        11.86
Return on Investment 41.80

Profitability Ratios (%)
Gross Margin          21.03
Operating Margin    24.00
Net Profit Margin    21.56

REUTERS

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Friday, 23 April 2010 10:35

Cosco upgraded to ‘buy’ by CLSA; raises target to $2.30 (^.^ )

CLSA has upgraded Cosco Corp. (F83.SG) to “buy” from “outperform” on expectations of more order wins,
sector-wide re-rating. Raises target to $2.30 from $1.65 based on 21x P/E vs 15.5x previously,
says Dow Jones.

“We remain positive on the company given lower execution risk associated with offshore orders and its
first mover advantage (in terms of operations in deepwater semi-submersible business) vs peers,”
says CLSA.

The research house notes China-based shipbuilder in talks with European, US drillers, adds Japan’s
Modec may also be potential customer: “While not part of its traditional client base, we expect Cosco
to add Chinese oil nationals like Sinopec and CNOOC to its clientele, as these companies ramp up
exploration and production activity in Chinese waters and elsewhere.”

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Ratios For Yangzijiang Shipbuilding (Holdings) Limited

Market Capitalisation
Market Cap ($ Millions) 5,480.03
Shares Outstanding        3,653.28
Float                            1,999.74

Valuation Ratios
Price/Earnings   11.87    <----- (',' )
Price/Sales         2.56
Price/Book          4.31
Price/Cash Flow 11.24

Management Effectiveness (%)
Return on Equity         43.10
Return on Assets        11.86
Return on Investment 41.80

Profitability Ratios (%)
Gross Margin          21.03
Operating Margin    24.00
Net Profit Margin    21.56

REUTERS

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The Edge

Mid-Week Comment April 21: Offshore optimism

Written by Goola Warden
Thursday, 22 April 2010 10:03

.............. . ... . ..
Separately, Yangzijiang has applied to the TWSE (Taiwanese Stock Exchange) to list its TDRs on that exchange,
according to the Taipei business press.

Actually, investors had started to take a second look at the marine and offshore sector before these two events.
The trigger was probably the announcement by Cosco Corporation back in March that it had clinched a repeat
order from Sevan Marine for its one-of-kind cylindrical semi-sub. This time, the order value was US$500 million
compared to US$190 million for the first semi-sub in 2006.

Then on Apr 16, Brazilian oil major Petrobras announced it had signed on Apr 4 a “Strategic Cooperation
Agreement with China Petrochemical Cooperation (Sinopec) and China Development Bank Corporation (CDB)
aimed at assessing mutually beneficial opportunities on the areas of cooperation.”

According to the announcement by Petrobras, the agreement includes the cooperation between Petrobras and
Sinopec in Exploration & Production (E&P); Downstream; Petrochemical and Fertilisers; and Services and
Procurement.

“In the E&P area, there stands out the intention of the parties to assess future partnerships, including the
possibility of selling part of Petrobras’s interest in blocks BM-PAMA-3 and BM-PAMA-8, located in the
Para-Maranhao Basin,” the announcement states. Petrobras also said that it is negotiating on financing with
China Development Bank Corporation. Sinopec may need an additional two semi-subs to develop the two blocks
and analysts believe the order could go to state-owned Chinese shipyards such as Cosco.
............................ .. . . .

CHART VIEW
.................. .. ..

Offshore and marine stocks such as Baker Tech, Yangzijiang, Cosco and SembMarine have
run up significantly and are now experiencing consolidations/corrections.

Their uptrends remain very much intact and there is nothing yet to suggest a reversal. Note
though that Yangzijiang has developed a short-term bearish formation in the candlestick charts,
but the correction should be temporary.

........ . .. .... ...        ....

Announcement Title * COSCO CLINCHES CONTRACT WORTH MORE THAN USD500 MILLION FOR SEVAN DRILLER II RIG
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_ED5818EDA4FBAA0D482576E700162DB6/$file/COSCO_Annt_COSCO_SevanDrillerIIRIG.pdf?openelement