Latest Forum Topics / YZJ Shipbldg SGD Last:2.55 -0.05 | Post Reply |
Cruising with the ship ..Yangzijiang
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samson
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30-Jul-2013 14:32
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Seaspan Splashes out $550m on New Boxship OrderSeaspan Corp has splashed out $550m to order newbuilding containerships scheduled for delivery in 2015 from a major Asian shipbuilder. The New York-listed containership owner, however, gave little details of the order but added that it expects to sign long term charters with one of the liner majors shortly. “Seaspan continues to capitalise on attractive growth opportunities. We are pleased to have commenced the third quarter by signing a major newbuilding contract and are in the process of finalising long term charter agreements for these vessels,” said Gerry Wang, ceo, co-chairman, and co-founder of Seaspan. The newbuilding contract announcement followed Seaspan's stronger second quarter results, which saw the company returned to the black with a profit of $127.15m as against a loss of $6.75m in the same period of 2012. Revenue in the quarter ended 30 June 2013 remained unchanged at $167.8m. At the start of 2013, Seaspan had 69 vessels in operation and accepted delivery of one vessel during the second quarter, bringing its fleet to a total of 70 vessels as of 30 June 2013. |
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WanSiTong
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30-Jul-2013 11:21
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Yzj have to go up before the issue of right shares at 1.50
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krisluke
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30-Jul-2013 11:01
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Prices have broken out of a base formation at 87 cents on volume expansion, and they have also moved above the declining 200-day moving average at 92.5 cents, both an indication of strength. The break above the top of the base indicates a target of $1. Both the 50-day moving average and quarterly momentum have turned up. Momentum also appears poised to move above its equilibrium line. Support is at 92 cents. Punters should note that the upmove was probably triggered by the counter s dual listing in RMB. Also, the price gains are helpful should the company wish to do a share placement. |
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pseudo
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29-Jul-2013 18:53
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Yangzijiang bags up to four bulk carriers from Peter Döhle
http://www.lloydslist.com/ll/sector/ship-operations/article426878.ece |
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krisluke
Supreme |
29-Jul-2013 14:17
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Yangzijiang Shipbuilding ST: turning up.
Trading Central | 2013-07-29 02:05:00
Update on supports and resistances. Pivot: 0.79 Our preference: Long positions above 0.79 with targets @ 0.962 & 1.035 in extension. Alternative scenario: Below 0.79 look for further downside with 0.7 & 0.63 as targets. Comment: the stock has broken above its key resistance and remains on the upside. Key levels 1.085 1.035 0.962 0.92 last 0.79 0.7 0.63 Copyright 1999 - 2013 TRADING CENTRAL |
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krisluke
Supreme |
29-Jul-2013 14:16
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Singapore “Flyer” Of The Week: Yangzijiang ShipbuildingBy David Kuo - July 26, 2013 | See also: BS6One swallow does not a summer make. And one week of share price gains at Yangzijiang Shipbuilding (SGX: BS6) does not diminish the fact that fewer ships are being built right now because of the slowdown in demand for transporting of goods by sea. Things might change for the better when global economies recover. But for now, cash-strapped consumers in the West are buying fewer goods from the East. Meanwhile, China does not need as much iron and copper as before. The upshot is that if you are a shipbuilder, you are likely to see fewer orders. That appears to be the case at Yangzijiang, which reported a 10% drop in sales last year after seven unbroken years of revenue increases. Profits fell 15%. The trailing twelve months numbers don’t look too appetising either. Revenues are down 5%, while profits are about 7% lower. But Yangzijiang, which jumped 7.5% to S$0.935 managed to drum up some good news ahead of results next month. The shipbuilder will become the first Singapore-listed company to trade in Chinese yuan. Trading in yuan as well as Singapore dollars under Singapore Exchange’s dual-currency scheme will start on 5 August. Where Yangzijiang goes, other Chinese companies may follow. |
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samson
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29-Jul-2013 12:28
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Source: International Ship Network Published :2013-7-29 11:02:58European banks: shipping industry has now signs of recovery 
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samson
Veteran |
29-Jul-2013 12:23
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From: SinoShip NewsDate : 2013-7-29 10:32:55
Shipping Support Policies to Come out SoonIn the recent China Shipping Financing and Leasing Summit organised by the Shanghai Shipping Exchange (SSE), Wang Jianmin, vice president of SSE, said the government will introduce favourable policies to support the depressed shipping industry, including shipping tax cuts or exemption and subsidies for old vessel recycling in the second half of this year. Wu Xingbao, deputy director of Shanghai Municipal Commission of Commerce, said Shanghai will also offer more support in the ship financial leasing sector. “Financial leasing will help shipping companies ease their financial pressure and deal with the periodical fluctuation in the shipping industry,” he said. “Currently shipping companies find it harder to get financing from banks,” said an official from the bank industry, “the banks have tightened their loan policy to shipping companies, and most of the loans are only offered to large state-owned companies,” the official said.   |
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Peter_Pan
Supreme |
29-Jul-2013 12:22
Yells: "did you order dunkin' donuts" |
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Get enough rest first before the next move!!!
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Tomique
Master |
28-Jul-2013 20:38
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Supposing I want to buy YZJ in RBM and on due date pay the brokers a RMB acct cheque, is it acceptable?   Or would the bank brokerage be giro-ing (debiting) my Singapore $ bank account based on the exchange rate fixed by the bank-brokerage? Another scenario is say I want to sell YZJ and would they pay me in RMB when I chose the RMB currency type? If the brokers chose to convert my RMB to pay me Singapore $, I definitely will lose out on exchange rate. Since they just introduce the game, I hope clear information are given to us as to how the brokerages will deal with the transaction in terms of the currency we chose to transact in. 
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pseudo
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28-Jul-2013 13:50
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If you don't have a RMB account, don't trade the rmb counter. Dual currency is to open access for different group of investors who trade primarily on other currencies. The exchange rate situation is exactly the problem that they are fixing. Avoiding the brokerage / bank conversion, for the primary currency of your trading account.
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Tomique
Master |
28-Jul-2013 10:43
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One thing is certain, SGX-CDP knows how to create one new thing but forget how to deal with the problems associated with this new thing, dual currency for certain counters.   The conversion rates will kill us as investors since rates are based on the brokerages' ability to fix these rates to their own advantage.   Take for instance another problem, the dividends.   CDP never ask you if you would like to receive them in the foreign currency but arbitrarily converts and and credit you with Singapore dollars. Hope CDP will in future deposit foreign currency to depositors' respective currency account instead of all in Singapore dollars, and that banks do not apply conversion rates with big spreads. 
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nqing87
Veteran |
27-Jul-2013 21:26
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ah ok thanks bro.. from my interpretation, it seems like there will be another listed YZJ counter, just that it is in RMB.. so basically, we have 1 SGD YZJ counter & 1 RMB YZJ counter.. so assuming China investors started to buy YZJ, they will likely buy the RMB one.. so in other words, although theoretically speaking both counter should be around same price after factoring exchange rate, however, there could be the case where SGD YZJ are not vested by china investors & is lower price than the RMB counter after factoring exchange rate..
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WanSiTong
Master |
27-Jul-2013 21:10
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http://www.sgx.com/wps/portal/sgxweb/home/trading/securities/dual_currency_trading
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WanSiTong
Master |
27-Jul-2013 21:09
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You can find yr ans here -http://www.sgx.com/wps/portal/sgxweb/home/trading/securities/dual_currency_trading
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nqing87
Veteran |
27-Jul-2013 19:18
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YZJ not listed in China ar?
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samson
Veteran |
27-Jul-2013 13:30
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Yes. All buyers in china and hong kong can internet to buy or sell. They just ask the trading company to link to sgx . And the settle in RMB .
Alots big fund in china are so many time biger then sin fund temasa. |
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nqing87
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27-Jul-2013 11:43
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are we still able to buy/sell shares of YZJ as per normal when the dual currency thing kicks in? do we need to open foreign exchange account or something? | ||||
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Blanchard
Senior |
27-Jul-2013 10:46
Yells: "Winners cry..... Losers smile....." |
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With an expected increase in demand for YZJ shares from the Hong Kong & China investors, would we see a price increase on Mon, 5 Aug 13 - 1st day of  dual currency trading? Are YZJ Q2 results going to be out on Wed, 7 Aug 13?  Hope they are within or above the market's expectation.
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Peter_Pan
Supreme |
27-Jul-2013 10:41
Yells: "did you order dunkin' donuts" |
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Already cleared this ship. Has had quite a run. May need to rest a bit. | ||||
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