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YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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sk6666
Veteran |
27-Apr-2012 10:08
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If one sell the stock after XD, is one entitled to dividend payout? Anyone can adv.? thanks. | ||||
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gavinl
Elite |
27-Apr-2012 10:01
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Ha ha ha, they just declare the CD date. People will start to buy soon. Enjoy everyone.
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gavinl
Elite |
27-Apr-2012 08:24
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Patient patient to all crew of YZJ. This ship is way too over sold,will rebound soon when the CD date is declared. |
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wangerism
Veteran |
26-Apr-2012 19:34
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the whole segment is in the slump...
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moneycow
Master |
26-Apr-2012 19:25
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Good result good earnings good dividends still...........can fall from 1.40+ recently to below $1.20... $1.18 ? =============== Yangzijiang Shipbuilding : BUY S$1.20 Blomberg: YZJ SP Good earnings delivery Price Target : 12-Month S$ 1.55 From DBS Vickers. · 1Q12 net profit in line with our above consensus estimates · Price catalyst from contract wins in 2H12 · Maintain BUY and TP S$1.55 Highlights 1Q12 above consensus. Yangzijiang’s 1Q12 net profit grew 7% yoy to RMB1bn, forming 25% and 28% of our and consensus FY12 estimates despite the fact that 1Q is seasonally the weakest quarter due to CNY effect. Gross margin of shipbuilding held up at 26%, supported by high priced contracts secured pre-crisis. The company has delivered 15 vessels in the quarter, on track to meet its target of 60 vessels for 2012 (incl. 10 vessels from Changbo yard). Sustainable good margins. The high priced contracts secured pre-crisis (30-40% above current prices) account for half of the current orderbook (US $4.5bn). The deliveries of these contracts in 2012-1H2013 would help to support margins. In addition, steel prices averaged RMB4300/t YTD and are expected to stay below RMB5000/t in 2012 versus the average of RMB4750/t in 2011. Our View New orders to be back-end loaded. Yangzijiang has secured US$206m new orders YTD, lagging behind our assumption and company’s target of at least US$2bn. We expect order wins to be back-end loaded on the back of recent enquiries and negotiations for containership orders, which should translate into firm orders in 2H. Recall that Yangzijiang has outstanding options for 26 units of 10k TEU containerships worth US$2.6bn with Seaspan and Peter Dohle. Current order book is healthy at 96 vessels worth US$4.5bn, translating to a healthy book-to-bill ratio of 1.8x. Offshore plans in progress. The first phase of the construction of the offshore yard in Shanghai will commence this year and complete by 2013, costing US$350m. Initial orders (likely to be 2 jack-ups) are expected to be secured by partner, Qatar Investment from the Middle East. Venturing into offshore is a wise move but obstacles like order wins and technical know-how will need to be resolved. Recommendation Maintain BUY with TP S$1.55. We continue to like Yangzijiang as one of the most well run Chinese shipyards. Maintain BUY and TP of S$1.55, based on 7x FY12F PE, in line with its average since 2008. The stock also offers c.5% dividend yield.
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Hunter2011
Member |
26-Apr-2012 08:57
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YZJ Q12012 Results Yangzijiang ’s 1Q2012 earnings up 7% to RMB1.0 billion Revenue grew 12% in 1Q2012 to RMB3.7 billion mainly due to boost in revenue from the Shipbuilding segment Yangzijiang won US$206.2 million worth of new orders in 1Q2012 for building 7 vessels Order book stood at US$4.5 billion as at 31 March 2012, comprising 96 vessels |
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wangerism
Veteran |
25-Apr-2012 21:16
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hanging on to its dear life... |
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oldflyingfox
Master |
25-Apr-2012 15:13
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I got it from the AM Fraser Securities 24/04/12 report uploaded in the Sociecty of Remisiers. In the report, there is an useful calendar of events. Check this => http://www.remisiers.org/index.php?option=com_content& view=article& id=504:762010-to-30610& catid=6:research& Itemid=16
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wangerism
Veteran |
25-Apr-2012 14:46
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This ship is goin down... Titanic in play...
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Hawkeye
Veteran |
24-Apr-2012 19:20
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Where did you get the information? YZJ Q1 result will be out on 26April2012? Cosco Q1 result only out on 08May2012. Normally YZJ will disclose the summary ship orders for Q1 a week before Q1 result is announce
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wangerism
Veteran |
24-Apr-2012 17:47
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looks like stock price depends all on this thursday...
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oldflyingfox
Master |
24-Apr-2012 15:37
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Q1 result will be out on this coming Thursday and AGM follow on the next day. | ||||
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wangerism
Veteran |
23-Apr-2012 17:41
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closed 1.21... at critical support, if break 1.2 doubletop in play...can initiate to short!
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lowchia
Veteran |
22-Apr-2012 20:17
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On Friday, Yangzijiang re-test the support at $1.225 and closed at $1.235 with LOW volume of 10.35 million shares traded. Separating lines occurred. If the separating lines occur during a downtrend and the first line is white and the second is black then this suggests that the downtrend should continue. RSI & MACD are flat as MACD lines converge together. Currently prices are resisted by 20/50 days MA at $1.31 Immediate Resistance of Yangzijiang: $1.31 Immediate Support of Yangzijiang: $1.225 Since Mar 2012, prices have been falling ........ READ MORE |
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Hunter2011
Member |
21-Apr-2012 12:41
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Take CIMB as a sample let see.. On 09/11/11 ZYJ – S$ 0.96 and CIMB Target S$0.72 (see here Mini-conglo in the making ) On 02/12/11 ZYJ – S$ 0.88 and CIMB Target S$0.72 (see here Neither here nor there) On 21/02/12 (> 2 month) ZYJ – S$ 1.31 and CIMB Target S$1.43 (see here Not out of the woods ) On 06/03/12 (< 1 month) ZYJ – S$ 1.36 and CIMB Target S$1.43 (see here It’s not all about the money) On 20/04/12 (> 1 month > 2month) ZYJ – S$ 1.23 and CIMB Target S$1.43 (see here Share price offers value now) At S$0.96 or S$0.88 they do not see value but now S$1.23 they see value, asked peoples to buy ???? ..and the target price up almost 100% ..CIMB’s too pessimistic at end 2011 of too optimistic now?? Confuse …
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oldflyingfox
Master |
20-Apr-2012 14:40
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I also think it is going to move up, just entered @1.24, will cut loss if break 1.2. | ||||
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wangerism
Veteran |
19-Apr-2012 13:20
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whoa! i like ur style...buy and see how.... im sure u did ur homework on it already right?
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ricourean
Member |
19-Apr-2012 13:17
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AGM coming, should approve the dividend payout of 5.5 cents. Will see slight boost after we see the word CD next week |
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cdodkny
Member |
18-Apr-2012 09:42
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erm.. 50 lots.. 1.235 , buy and see how | ||||
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Hunter2011
Member |
18-Apr-2012 09:29
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Investors always say “Buy low, sell high”. How many actually have the guts to buy low? (source: Buy on dips — This is the dip) |
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