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Cruising with the ship ..Yangzijiang Post Reply Rate topic
oldflyingfox Master	02-May-2013 10:00        oldflyingfox About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, but have to buy before the news of new orders which I am expecting soon after XD.
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bryangoh Member	02-May-2013 09:56        bryangoh About Contact  Quote this Post!
x 1   x 0  Alert Admin	Becareful May alway a jinx month, after XD better wait a while it could drop further.
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beginners Senior	02-May-2013 09:48        beginners About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi thks. But seems like the price never goes up. Maybe will consider buy in more after XD:)
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WanSiTong Master	02-May-2013 09:04        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	XD 8/5/13 (Wed) beginners      ( Date: 02-May-2013 01:34) Posted: Anyone know when is the XD date?
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beginners Senior	02-May-2013 01:34        beginners About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anyone know when is the XD date?
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ynnek1267 Master	30-Apr-2013 13:32        ynnek1267 About Contact  Quote this Post!
x 0   x 1  Alert Admin	Wahahahahaa!!!!! Shoot down at least 5% after dividend payment.
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wongeric Member	30-Apr-2013 13:24        wongeric About Contact  Quote this Post!   Yells: "go for it!"
x 0   x 0  Alert Admin	if the dividend is 5% Ex on the 8th May, then I think the price will shoot up at least 5% before this date?  Am I right to interpret it this way?
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wongeric Member	30-Apr-2013 13:21        wongeric About Contact  Quote this Post!   Yells: "go for it!"
x 0   x 0  Alert Admin	Is the dividend of YZJ at SGD 0.05 per share?  this is almost 5% of its value today.
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krisluke Supreme	29-Apr-2013 10:41        krisluke About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shipbuilding revenue continues to slide. Yangzijiang (YZJ) reported weaker1Q13 revenue of CNY2,867b (-22% YoY, -20% QoQ) and corresponding PATMI of CNY717m (-30% YoY, -11% QoQ), generally within market expectations. The weaker set of results was due primarily to a 26% YoY decline in shipbuilding revenue, mitigated partially by a 27% YoYrise in contribution from Held-to-maturity (HTM) investments.1Q13 saw cancellation of one additional shipbuilding contract bringing total number of cancellations to 5. YZJ now has three 2,500 TEU containerships for resale.Maintain Hold, TP of SGD0.93. Margins were sustained but could trend lower. Shipbuilding gross margin was sustained at 26%,helped byitsorder intake discipline and lower raw material prices this quarter. However, as higher margin contracts get depleted from its orderbook, we foresee margins trending lowerfrom FY14F. Although YZJ believes that newbuild prices have bottomed, it is still too early to expect an uptrend in prices. Subdued order win outlook. YTD order wins amounted to USD597m and outstanding orderbookstands at USD3.31b, comprising of 65 vessels. YZJ aims to deliver 42 of these vessels in FY13F. Managementalso sees afairly strong possibility that Seaspan would convert another 6-8 of its options which we estimate could add another USD480-640m to orderbook. YZJ may stand to benefit from the greater number of enquiriesfor eco-ships,given that it has developed a range of products under this category. We expect USD1.3b in new contract wins this year. No near-term catalysts yet. We like YZJ for its well thought out strategy and strong financial position to combat the shipbuilding downturn. However, itstill needs to depend on non-core businesses to supplement weak shipbuilding business in the near-term. As shipping outlook remains subdued, there are no positive catalysts in sight. Maintain Hold. We cut FY13-14F earnings by 4-8% as we adjust recognition schedule and also account for higher taxes. Maintain Hold with SOTP-based TP of SGD0.93. Source: Maybank Kim Eng Research - 29 Apr 2013
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WanSiTong Master	29-Apr-2013 09:12        WanSiTong About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Calm before the storm !! https://brokingrfs.cimb.com/CMU-bJ6toGDYqSPTklmhbL4M1ulXgGeX519sadUCddN2s8w0CNiJPNUFPMhs4I67U94ACq8qLks1.pdf
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Flyordie Veteran	28-Apr-2013 22:38        Flyordie About Contact  Quote this Post!   Mood: Yells: "Sifu, Online !!!! Sea Pek Urgent !!!!"
x 0   x 0  Alert Admin	Open! Open your! Open your eye big big!
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cheongsl Master	28-Apr-2013 08:36        cheongsl About Contact  Quote this Post!
x 0   x 0  Alert Admin	In fact, I get 30% for risky company loan return  3 years ago. Although is a small amount, I stop after one year, as find it too risky as might loss everything. Seems like the return rate have drop further. cheongsl      ( Date: 28-Apr-2013 08:30) Posted: From what I heard, the loan return rate of china is something like below: 1~5% 国 债 4~12% 基 础 建 设 债 5~15% 城 市 发 展 债 12~20% 险 企 债 The loan return rate is lower then India for infrastructure and city building, I heard in India,  people can easily getting return of 13% or even more from this loan.   BenjenStark      ( Date: 27-Apr-2013 18:31) Posted: 1. I think my previous question is more of  whether  10-12% interest from government is normal and reasonable to believe? 3.  http://www.nextinsight.net/index.php/story-archive-mainmenu-60/912-2011/4199-yangzijiang-shipbuilder-by-day-financier-by-night " CFO Liu Hua explained how Yangzijiang took advantage of high deposit rates in China and low borrowing rates in the US to generate interest income as a measure against China's severe inflationary environment of 6% to 7%"   Does this mean that if the USD appreciates against CNY, they might potentially suffer rate loss in this segment
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cheongsl Master	28-Apr-2013 08:30        cheongsl About Contact  Quote this Post!
x 0   x 0  Alert Admin	From what I heard, the loan return rate of china is something like below: 1~5% 国 债 4~12% 基 础 建 设 债 5~15% 城 市 发 展 债 12~20% 险 企 债 The loan return rate is lower then India for infrastructure and city building, I heard in India,  people can easily getting return of 13% or even more from this loan.   BenjenStark      ( Date: 27-Apr-2013 18:31) Posted: 1. I think my previous question is more of  whether  10-12% interest from government is normal and reasonable to believe? 3.  http://www.nextinsight.net/index.php/story-archive-mainmenu-60/912-2011/4199-yangzijiang-shipbuilder-by-day-financier-by-night " CFO Liu Hua explained how Yangzijiang took advantage of high deposit rates in China and low borrowing rates in the US to generate interest income as a measure against China's severe inflationary environment of 6% to 7%"   Does this mean that if the USD appreciates against CNY, they might potentially suffer rate loss in this segment? BenjenStark      ( Date: 27-Apr-2013 18:21) Posted: Doing my due diligence on YZJ. I have a question guys. YZJ is using HTM to weather the shipbuilding down cycle. The HTM yields reported by their CFO Liu Hua seems to be 10-12%. 10-12% is pretty high even if they are loans to China government bodies.(http://www.nextinsight.net/index.php/story-archive-mainmenu-60/919-2013/6500-yangzijiang-5-ct-dividend-despite-profit-decline) (http://www.tradingeconomics.com/china/interest-rate)  The latest time I checked, China long term loans are about 6-7%.   1. How do they get " safe" interest yields of 10-12% from government bodies? 2. What percentage forms up the loans to government bodies vs micro financing business? (in case I miss out some data points from their financial report, someone please enlighten)
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BenjenStark Member	27-Apr-2013 18:31        BenjenStark About Contact  Quote this Post!
x 0   x 0  Alert Admin	1. I think my previous question is more of  whether  10-12% interest from government is normal and reasonable to believe? 3.  http://www.nextinsight.net/index.php/story-archive-mainmenu-60/912-2011/4199-yangzijiang-shipbuilder-by-day-financier-by-night " CFO Liu Hua explained how Yangzijiang took advantage of high deposit rates in China and low borrowing rates in the US to generate interest income as a measure against China's severe inflationary environment of 6% to 7%"   Does this mean that if the USD appreciates against CNY, they might potentially suffer rate loss in this segment? BenjenStark      ( Date: 27-Apr-2013 18:21) Posted: Doing my due diligence on YZJ. I have a question guys. YZJ is using HTM to weather the shipbuilding down cycle. The HTM yields reported by their CFO Liu Hua seems to be 10-12%. 10-12% is pretty high even if they are loans to China government bodies.(http://www.nextinsight.net/index.php/story-archive-mainmenu-60/919-2013/6500-yangzijiang-5-ct-dividend-despite-profit-decline) (http://www.tradingeconomics.com/china/interest-rate)  The latest time I checked, China long term loans are about 6-7%.   1. How do they get " safe" interest yields of 10-12% from government bodies? 2. What percentage forms up the loans to government bodies vs micro financing business? (in case I miss out some data points from their financial report, someone please enlighten)
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BenjenStark Member	27-Apr-2013 18:21        BenjenStark About Contact  Quote this Post!
x 0   x 0  Alert Admin	Doing my due diligence on YZJ. I have a question guys. YZJ is using HTM to weather the shipbuilding down cycle. The HTM yields reported by their CFO Liu Hua seems to be 10-12%. 10-12% is pretty high even if they are loans to China government bodies.(http://www.nextinsight.net/index.php/story-archive-mainmenu-60/919-2013/6500-yangzijiang-5-ct-dividend-despite-profit-decline) (http://www.tradingeconomics.com/china/interest-rate)  The latest time I checked, China long term loans are about 6-7%.   1. How do they get " safe" interest yields of 10-12% from government bodies? 2. What percentage forms up the loans to government bodies vs micro financing business? (in case I miss out some data points from their financial report, someone please enlighten)
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halleluyah Elite	27-Apr-2013 17:23        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	Then he will buy 2000 lots more....lol Flyordie      ( Date: 27-Apr-2013 16:42) Posted: Ak him 2 more times please. akchua      ( Date: 27-Apr-2013 13:13) Posted: When YZJ offer warrant to citi group, there were rumor flying around and YZJ share price got hit badly. I wrote an e-mail to Ren YuanLing, asked him to clarify via SGX announcement whether YZJ was encountering cash flow issue or other problems. He reacted by buying 1000 lots of YZJ via market purchase. He really shut me up. lol.
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Flyordie Veteran	27-Apr-2013 16:42        Flyordie About Contact  Quote this Post!   Mood: Yells: "Sifu, Online !!!! Sea Pek Urgent !!!!"
x 0   x 0  Alert Admin	Ak him 2 more times please. akchua      ( Date: 27-Apr-2013 13:13) Posted: When YZJ offer warrant to citi group, there were rumor flying around and YZJ share price got hit badly. I wrote an e-mail to Ren YuanLing, asked him to clarify via SGX announcement whether YZJ was encountering cash flow issue or other problems. He reacted by buying 1000 lots of YZJ via market purchase. He really shut me up. lol. tkc_drew      ( Date: 27-Apr-2013 00:03) Posted: hehehehe!!! i hope so too. =) I just wish STI will UP and europe and US will stable. =) that will do good to us (shareholders) Plus the Chairman bought his shares at 0.99 so.... no need to worry! ^.
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akchua Senior	27-Apr-2013 13:13        akchua About Contact  Quote this Post!
x 0   x 1  Alert Admin	When YZJ offer warrant to citi group, there were rumor flying around and YZJ share price got hit badly. I wrote an e-mail to Ren YuanLing, asked him to clarify via SGX announcement whether YZJ was encountering cash flow issue or other problems. He reacted by buying 1000 lots of YZJ via market purchase. He really shut me up. lol. tkc_drew      ( Date: 27-Apr-2013 00:03) Posted: hehehehe!!! i hope so too. =) I just wish STI will UP and europe and US will stable. =) that will do good to us (shareholders) Plus the Chairman bought his shares at 0.99 so.... no need to worry! ^.^ Flyordie      ( Date: 26-Apr-2013 18:25) Posted: With the new order annoucement releasing+divident confirmation. Hoo hoo hoo..
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tkc_drew Member	27-Apr-2013 00:05        tkc_drew About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	you are welcome! ^.^ Glad i am of some help =) pseudo      ( Date: 26-Apr-2013 18:41) Posted: Very nice! Thx for the post. tkc_drew      ( Date: 26-Apr-2013 17:56) Posted: Conclusion from AGM 1) They are building their first oil rig. 2) next week they will release NEW shipping.orders ) stay tune
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tkc_drew Member	27-Apr-2013 00:03        tkc_drew About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 1  Alert Admin	hehehehe!!! i hope so too. =) I just wish STI will UP and europe and US will stable. =) that will do good to us (shareholders) Plus the Chairman bought his shares at 0.99 so.... no need to worry! ^.^ Flyordie      ( Date: 26-Apr-2013 18:25) Posted: With the new order annoucement releasing+divident confirmation. Hoo hoo hoo... tkc_drew      ( Date: 26-Apr-2013 17:56) Posted: Conclusion from AGM 1) They are building their first oil rig. 2) next week they will release NEW shipping.orders ) stay tune
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