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YZJ Shipbldg SGD
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China stock poised for Crash be warned
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LittleRed
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02-Nov-2007 16:13
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Thanks for your advice. I stepped out earlier and am very shocked to see this counter dropped so much when I returned. I am much thankful that I didn't buy earlier but wanting to seek advice from the more experienced traders first. However, I did lock the price for capitamall at $3.5 before I left.... and got what I wanted... well, it's also going downwards too. :( A friend has bought some YZJ at 2.64 previously. Looks like it will be quite a while before the price jerks back to the previous high of 2.8 |
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Sporeguy
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02-Nov-2007 15:01
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sean68
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02-Nov-2007 15:00
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i am also casting my fishing net for 200 lots BakerTech at 0.39 but it just dun wanna come down from 0.4 . | ||||
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sean68
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02-Nov-2007 14:52
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i bet u r enjoying all the thrills and excitment...hmmm...still hovering at 2.34, anytime now. Ready to start ur engine 
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idesa168
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02-Nov-2007 14:46
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hehehe...buy on fear, sell on greed. Infact, I am very fearful...lol! Anyway, just 3 lots, not much damage if go against me. Here I play kuck...cheers. | ||||
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sean68
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02-Nov-2007 14:37
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Made little kopi $ from uni-asia this morning from 1.39 - 1.42, but still not dare to touch on YZJ, Good luck to u anyway 
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idesa168
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02-Nov-2007 14:25
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OK I decided to take the plunge at 2.33. See got luck or not. Dare not play back, 3 lots and test the water...hehehe. Cheers | ||||
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idesa168
Elite |
02-Nov-2007 12:39
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After the last few days of aggressive selling by the BBs, going by thousands of lots, I think the selling have slowdown tremdously, seen in today's trade. The drop of shareprice this morning was due to the DOW dropping overnight and mkt sentiment had actually pulled the counter down as well. If the selling seen last few days continues on today's trade, I think the opening trade @2.35 would have gone down to 2.20 or even 2.10. It's now at 2.40 range. Hence I am in anticipation that this counter is turning soon. Short term will have gyration, but mid term, I am seeing this as a $3.20 counter. PE was rich in valuation previously, but share price got hammered these few days, had already come down to a more decent number. If you are a mid-long term investor, any price below 2.40 is a BUY. Please do your homework before you plunge. | ||||
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01101749
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02-Nov-2007 12:38
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FX losse 1.5B, got info from broker. not sure if it's true. wait for press release to confirm. wait for news and short this counter down! 
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reisspoh
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02-Nov-2007 12:19
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at this point in time, it is probably wiser not to touch this stock, better to wait and see .... anyway i do feel that its gona drop some more in the short term period | ||||
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LittleRed
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02-Nov-2007 12:08
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Hi, I am new to the forum and buying shares. Can anyone advise if this is a counter to invest in at current price of $2.4? Or should I be looking at other counters. Thank you. 
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happyse27
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02-Nov-2007 03:29
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The company management is great also. Good news should b coming soon. Good luck to those who sell or panic sell. Homage Ahmitaba. Ahmitaba, Earth Store bodhisattva and all holy beings. :)) | ||||
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happyse27
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02-Nov-2007 03:21
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Yanlord is also can consider to buy in long term. It is like city development. And pe though high is better than city development. And yangzhijiang maybe bought back around 2.40 by investors because the company is enjoying great growth and profit this year. Also shorters may suffer because the big bull is coming already. China correction is stablising soon as china market has corrected alot. | ||||
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happyse27
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02-Nov-2007 03:10
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The company is very cash rich and like top 30 blue got very great rebound capability. Even though usd drops and they might suffer huge losses and the oil prices makes cost higher, however this trend of demand for the company will continue greatly till 2010, golden growth will occur during this period. In long term, it is good to hold and buy. Will buy if it drops to 2.30. Joseph lau may buy back at certain price. Maybe a ploy joHappy for him if he finds better investmentT | ||||
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happyse27
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02-Nov-2007 02:58
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Hi All, according to fundamentals this stock and only less than 3 out of coming year top 30 blue chips like sph and ocbc are attractive in PE about 15 or below, the eps for these 3 companies are still attractive. THE REST OF TOP 30 BLUE CHIPS COULD ABIT OVERVALUED. If joseph lau sells at 2.63, the stock is about 2.5 and above. Probably he would buy back around 2.30. By year end, this stock would reach 3dollars or even more. This company is riding on china boom. THE sTOckH | ||||
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787180
Master |
01-Nov-2007 19:01
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Yangzijiang Shipbuilding Investor Sells Stake, Document Says By Bei Hu Oct. 29 (Bloomberg) -- An investor in Yangzijiang Shipbuilding (Holdings) Ltd., China's second-largest private shipbuilder, is raising as much as S$212.5 million ($147 million) selling shares in the company, according to an e-mail sent to fund managers. The shareholder, identified only as Joseph Lau, is offering his entire stake at S$2.58 to S$2.63 per share, the e-mail said. The stock closed at S$2.66 today in Singapore. Citigroup Inc. is managing the sale. |
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limpeh
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01-Nov-2007 17:49
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Got rumour saying one of the directors selling off his stake.. buy/sell at own risk ...good luck! |
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idesa168
Elite |
01-Nov-2007 16:35
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Looking at the chart, I am quite certain now that YZJ will visit the gap up created some months back @ 2.28 and 2.35. Thereafter, I do not know the fate of this counter, whether will reverse or downward match again. Take care. | ||||
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idesa168
Elite |
01-Nov-2007 16:32
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I shorted this morning @257 and exit @244. Thought was good, but it went deeper...phew....better dun touch this counter if you are not vested yet. There will be more selling in the coming days. The BBs are deperate to let go their holding....jasonfaxingliu, BBs means Big Boys, those fund manager with deep funds. | ||||
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edwinders
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01-Nov-2007 16:09
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Wow, i see alot of panic selling from players on YZJ. Long term investments players should be alright. Cheers. | ||||
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