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YZJ Shipbldg SGD
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One of China's largest shipyard
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alvinwong1012
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21-May-2007 18:20
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Seem to be quiet after last week surge..Anyone care to comment on this counter fundamentals. Learnt from last week report that the orders last till 2009...and profit jumped 100% compared to last FY. Anyone came across what the TP for this counter? Will it surge like China Fishery or China Hong Xin? Thanks |
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magixxx
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17-May-2007 03:38
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just wanna give a shoutout to this counter.. a flying dutchman =) |
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EastonBay
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16-May-2007 09:39
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sorry re-post because somehow the first sentence got truncated and came at the end instead. Yangzijiang Shipbuilding
The increase in revenue is attributed to an increase in containership from RMB365m in 1Q06 to RMB754m in 1Q07 and increase in multi purpose cargo from RMB51m in 1Q06 to 154m in 1Q07. Net profit before tax grew by 127% yoy to RMB208m in 1Q07. Apart from higher gross profit contribution, gain on fair value on forward currency contracts also contributed to higher earnings. Outlook: The group has a strong net order book of US$3,347m with completion and delivery till 2010. This included new order of US$1,138m secured in 2007 to-date. posted 106% increase in revenue to RMB909m in 1Q07. |
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EastonBay
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16-May-2007 09:36
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Yangzijiang Shipbuilding increase in revenue is attributed to an increase in containership from RMB365m in 1Q06 to RMB754m in 1Q07 and increase in multi purpose cargo from RMB51m in 1Q06 to 154m in 1Q07. Net profit before tax grew by 127% yoy to RMB208m in 1Q07. Apart from higher gross profit contribution, gain on fair value on forward currency contracts also contributed to higher earnings. Outlook: The group has a strong net order book of US$3,347m with completion and delivery till 2010. This included new order of US$1,138m secured in 2007 to-date. posted 106% increase in revenue to RMB909m in 1Q07. The |
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Hulumas
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08-May-2007 22:03
Yells: "INVEST but not TRADE please!" |
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Dear Cck53sg, Yes, I agree, I wait and hold till the price reaching Sgd. 8.8 to reap for the fruit!!! |
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cck53sg
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08-May-2007 21:51
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Hi .. not to worry...this counter has its potential...just wait for the fruit to drop. cheers |
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magixxx
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08-May-2007 20:51
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disappointing drop today... anybody can explain why when the buy price at 1.34, somebody is dumping the shares at 1.30 at around 4plus pm today.. ? |
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zhuge_liang
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08-May-2007 13:35
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South Korea is holding off China's challenge to its spot as the world's No. 1 shipbuilding nation by building pricier ships such as liquefied natural-gas carriers. Shares of Korean shipbuilders are rising as a result.
Park Hyoung Ryol, who manages about US$150 million at Consus Asset Management Co. in Seoul, says China's booming economy will create more demand for ships than its growing yards will take away. "Chinese yards are catching up but people will keep ordering LNG carriers and oil tankers from the experienced yards," said Park. "It's devastating if those spring a leak." He owns shares of Hyundai Heavy Industries Co., the world's biggest ship maker, and Samsung Heavy Industries Co., the 2nd largest. China last year overtook Japan as the world's 2nd-biggest shipbuilding nation as new orders more than doubled by tonnage. South Korea, whose contracts grew 75%, remained No. 1. Shares of Hyundai Heavy have surged 107% this year, Samsung Heavy is up 55% and Hyundai Mipo Dockyard Co., the world's No. 4 shipbuilder, has jumped 83%. China imports more aluminum, steel, copper and coal than any other country, and all of those commodities travel by ship. The world's most populous nation accounts for one-third of the increase in global oil demand since 2000. Gas will account for 5.3% of the nation's energy needs by 2010, from 2.8% in '05, China's top economic planning body said in its latest 5-year energy plan. The country expects to import 20 million tons a year by 2015 to help curb harmful emissions. Korean yards grabbed 79% of LNG-carrier orders last year, according to the Korea Shipbuilders' Association, which cited figures from Lloyd's World Shipbuilding Statistics. Overall, Korea accounted for 40.9% of all new orders for ships by tonnage in 2006, up from 35.2% in 2005. Japan accounted for 22.9% last year, down from 26.9% in 2005, while China rose to 25.4% from 17.3%. Shipowners in Greece, the biggest ship-operating nation, spent a record US$3.2 billion on new vessels in Apr as companies such as Athens-based Prime Marine ordered coal and LNG carriers. Last year, shipowners ordered a record US$105.5 billion worth of new vessels, according to London-based Clarkson Plc, the world's biggest shipbroker. Korean companies won about half of the total by value. Still, the presidents of the 6 biggest Korean yards are concerned about Chinese competition. They met with Commerce Minister Kim Young Ju on Apr 16 to discuss ways to "break away from the Chinese pursuit" and signed an agreement with state-run utility Korea Gas Corp. to jointly develop LNG-carrier technology, according to a statement from the ministry. Hyundai Heavy shares are valued at 18x estimated earnings, Samsung Heavy is at 39x and Ulsan-based Hyundai Mipo 21x. That exceeds the average of 14x earnings for the Kospi index. Ulsan, South Korea-based Hyundai Heavy said first-quarter profit surged to a record US$402 million on higher ship prices. Seoul-based Samsung Heavy, which has the world's biggest backlog of LNG carriers, said its first-quarter profit surged almost sixfold from a year earlier to 90.2 billion won. LNG carriers are the most expensive type of cargo ship. Based on first-quarter new orders, they are worth US$3,900 per compensated gross ton, an industry measure of ship size and the time and materials required for production. That compares with bulk carriers, which are about US$2,091 per compensated gross ton, according to figures from Clarkson. To keep gas in a liquid state, the temperature of an LNG carrier's tank can be maintained as low as minus 163 degrees Celsius, while the main features of a bulk carrier are large, empty spaces for piling in commodities such as coal or grains. Chinese shipyards led by state-owned China State Shipbuilding Corp. are grabbing market share with lower-priced ships. They took about 63% of bulk carrier orders in the first 3 months of '07, according to Clarkson. Chinese companies aim to double output through 2015. Beijing- based China State Shipbuilding, the country's biggest commercial maker of ships, plans to create the world's largest yard by then, with 14% more capacity than Hyundai Heavy's. Guangzhou Shipyard International said last month first- quarter profit surged fivefold after it expanded capacity. "It's inevitable that China will catch up,'' said Kim Seung Woo, who helps manage US$400 million at Macquarie-IMM Investment Management Co. in Seoul. "They could overtake Korea around 2010. Korean shipbuilders are taking steps to prepare for that.'' Korean shipbuilder shares are still cheaper than their Chinese rivals. China's Guangzhou Shipyard, the smaller of the country's 2 publicly traded shipbuilders, trades at 34x estimated earnings. Yangzijiang Shipbuilding is valued at 39x. A 128 meter-tall crane known as the "Tears of Malmoe" towers above the Hyundai Heavy shipyard in Ulsan -- a reminder of the fall of European shipbuilders, who had dominated the industry until the 1980s. Hyundai Heavy bought it for US$1 from the now-gone Kockums AB shipyard in the Swedish city of Malmoe in 2002. Residents of the city are said to have cried as they watched it depart, said Kim Miri, a Hyundai Heavy spokeswoman. Korea Investment's Kim isn't expecting the same thing to happen in South Korea any time soon. |
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DnApeh
Master |
08-May-2007 13:28
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Yesterday closing was 1.37 on volume of 8253lots. We are seeing retracement of price in this counter which is healthy, I believe, because of the comparatively low volume. Today's trading is hovering 1.35 to 1.36. Uptrend is not violated yet. Still can hang on. Vested. |
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keppfly
Member |
06-May-2007 13:26
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hold for 5 to 10 year you would see yangzijiang fly like kepp corp, good luck 
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Z040069
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05-May-2007 20:26
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lets hope this will be the next china fishery |
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DnApeh
Master |
05-May-2007 11:52
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Closed at 1.40 yesterday!! Finally confirmed uptrend!! Enjoy the ride. |
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EastonBay
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04-May-2007 16:52
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me, me, me! I mean, me saw that too! ha ha. Just a TGIF joke, hope you don't mind. Just 10 more mins to closing. Hope it keeps going. I only own one lot from IPO tikam.
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DnApeh
Master |
04-May-2007 15:28
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Yesterday close at 1.35 a bit disappointing. Today suddenly shoot up to 1.42 and now around 1.41. Don't know who got $1 mil to sweep away 8000 lots at 1.40 Please own up. |
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alvinwong1012
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03-May-2007 16:44
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Thanks. Have faith in this counter..and the growing prospects of Chinese companies listed here. |
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DnApeh
Master |
03-May-2007 16:41
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Hi, Alvin. When the broking houses start to release their analysis, the price will shoot up somemore. Qutie difficult to believe that the broking houses are not keeping an eye on such a big float. |
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alvinwong1012
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03-May-2007 16:36
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Agreed. However, todate, there are no broking houses analyzing this counter in terms of strength and weakness and does anyone konw what is the fair value in medium term? Not sure if this counter will end up in the same rank as China HongXin or China Fishery..that surged by few hundred % over few months. Good Luck! |
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DnApeh
Master |
03-May-2007 15:07
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All time high 1.40 already!!! The dragon has awakened!! |
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DnApeh
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03-May-2007 11:55
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Closed at 1.33 yesterday. Still hoping for close of 1.36 today to confirm uptrend. |
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DnApeh
Master |
02-May-2007 09:57
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Price seems to be treading upwards despite downswing on Monday. Uptrend will be very likely if price can close at 1.36 today. Vested. |
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