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YZJ Shipbldg SGD
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One of China's largest shipyard
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teeth53
Supreme |
19-Apr-2007 08:41
![]() Yells: "don't learn through life, learn to grow with life " |
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Offer at 95c, over subscribed by 39x, it 1st dat trade open at $1.35c and hit a high of $1.39c. It closed od at $1.34c with a huge traded volume of 462.1 million share changed hands and for lucky IPO winners, a 41% profit over it ipo price. :)) A very good and strong start for Yangzijiang shipbuilding Ind.. | |||||
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EastonBay
Master |
18-Apr-2007 21:54
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People, should we move the discussion on Yangzijiang to this thread cos' you can see the vol and px? Below is extracted from "International Entreprise Singapore" written by ST journalist Arthur Poon.
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zhuge_liang
Supreme |
18-Apr-2007 13:51
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This counter surged from its IPO price of $0.95. Yangzijiang Shipbuilding, the self-professed 4th largest shipyard in China. Beijing has stated its ambition to make China the largest shipbuilder in the world within 2 years, and Guangzhou Shipyard is currently the only listed Chinese company in that industry. China State Shipbuilding Corp. is also eyeing an IPO. China is the world's 3rd-biggest builder of ships, behind South Korea and Japan. Yangzijiang has placed out a total of 27.4 m shares to UBS AG's funds and 16.1 m shares to Aranda Investments (Temasek Holdings). Yangzijiang were trading at about 27x its previous year's earnings, while Cosco trades at 30.8x its 2006 earnings. Guangzhou Shipyard International Co is the only listed Chinese shipbuilder and its shares trade at 49x forward earnings, compared with 15x for South Korean rival Daewoo Shipbuilding. |
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