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YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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Stupidbear
Senior |
14-May-2008 12:40
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Showed sign of downtrend since it rebounded of 1.19
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arowana1
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14-May-2008 08:29
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i could be wrong but chart showing in downtrend for the short term? | ||||||||||||||||||||||||
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integra
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14-May-2008 08:08
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Hi all, May i know your view on this stock?is it worth to keep it?? Thanks for your precious opinions.... |
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ozone2002
Supreme |
06-May-2008 16:02
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SPOT ON! look at this baby go..
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liveuser
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06-May-2008 13:18
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Short term: Up & Down Long Term: UP |
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tigers
Member |
06-May-2008 09:48
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On the queue, hope it goes down a little more. Cheers. |
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AK_Francis
Supreme |
06-May-2008 09:44
Yells: "Happy go lucky, cheers." |
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Wanted to buy in below 112 leh, after XD, but strong blocking at 112, the burgers are around. Today AK half day off, go happy, he he. | ||||||||||||||||||||||||
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ozone2002
Supreme |
06-May-2008 09:31
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looks like accumulation goin on today.. set to rise! |
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L.....
Veteran |
02-May-2008 21:26
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this counter is so strong now.. just like LI HENG all these s shares.. v good growth prospects but im still keeping my $$ with the made in singapore blue chips...im kiasee |
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teeth53
Supreme |
02-May-2008 19:04
Yells: "don't learn through life, learn to grow with life " |
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Delow $1/-, very difficult kiao.
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teeth53
Supreme |
02-May-2008 19:00
Yells: "don't learn through life, learn to grow with life " |
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Below $1/-, quite difficult liao.
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viruz7667
Senior |
30-Apr-2008 11:08
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Brokers' Take
Yangzijiang Shipbuilding April 29 close: S$1.06 DBS GROUP RESEARCH, April 29
YANGZIJIANG'S Q1 2008 results were within our expectation. Q1 2008 net profit doubled to 371.3 million yuan, with revenue surging 86 per cent y-o-y to 1,694.1 million yuan. Gross margin held up at 21.0 per cent (up 0.7 percentage point y-o-y and 1.1 percentage points higher q-o-q) as the bulk of its steel cost was locked in last year. The 72 million yuan unrealised fair value gains on forward currency contracts also boosted earnings. Operationally, the firm managed to squeeze in four additional vessel deliveries in 2009 on the back of improved efficiency and resultant higher productivity at its new yard. In addition, these vessels were priced at over 30 per cent premium because of the shorter lead-time. Hence, we have raised FY2008 and FY2009 revenue estimates by 10.6 per cent and 8.7 per cent, respectively. In anticipation of fatter margins for these vessels, net profit estimates were raised by 13.9 per cent and 13.0 per cent, respectively. We remain concerned over Yangzijiang's execution of its US$6.8 billion record-high order backlog, which stretches over four years. With 30 per cent of its order book exposed to forex fluctuations and the risk of high steel prices affecting its earnings from H2 2009 onwards, the risk to forecasts is high beyond 2009. Maintain "hold" and fair value of S$1.45. The increase in our earnings estimates are offset by a lower target PE multiple of 14x estimated FY2009 PE (instead of 16x), in line with the industry de-rating to account for higher risk premium. HOLD |
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AK_Francis
Supreme |
30-Apr-2008 08:43
Yells: "Happy go lucky, cheers." |
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Couples with DJ fall, no eye see Cosco once market open. But buying on coming Fri may be better choice, AK view. Sure below 2.99 one, he he, if not AK chop away my........... | ||||||||||||||||||||||||
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lucky168
Veteran |
30-Apr-2008 03:31
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buy below 1 | ||||||||||||||||||||||||
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zhuge_liang
Supreme |
29-Apr-2008 23:57
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Yangzijiang fell on higher steel prices. Yangzijiang's results revealed strains from higher steel prices and I believe this will affect the margins of Cosco as well" said a dealer. |
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AK_Francis
Supreme |
29-Apr-2008 23:28
Yells: "Happy go lucky, cheers." |
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Yoh, jangan tension loh. Hold it loh. | ||||||||||||||||||||||||
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louis_leecs
Elite |
29-Apr-2008 23:23
Yells: "half cash" |
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a bit cloudy,,,,,look like selling presurur,,,,,,,coming,,,,,,,,a lot jump ship liao,,,,,tomorow can see contra buyer pit up or dump than decided to pit for my pofolio,,,,,,im no vest,,,no short position,,,,,,,,may be im going swift my target to li heng,,,,,china hongxing or china sun,,,,,,,,,,the day is coming,,,,,,u know wat im saying,,,,,,, |
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yongliang168
Member |
29-Apr-2008 12:51
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Yangzijiang: HOLD S$1.10; Bloomberg: YZJ SP Steel a concern Price Target : 12-Month S$ 1.45 Story: Yangzijiang ("YZJ")'s 1Q08 results were within our expectation. 1Q08 net profit doubled to RMB371.3m with revenue surging 86% y-o-y to RMB1694.1m. Gross margin held up at 21.0% (+0.7ppt y-o-y and +1.1ppt q-o-q) as the bulk of its steel cost was locked in last year. The RMB72m unrealized fair value gains on forward currency contracts also boosted earnings. Point: Operationally, YZJ managed to squeeze in four additional vessel deliveries in 2009 on the back of improved efficiency and resultant higher productivity at its new yard. In addition, these vessels were priced at over 30% premium because of the shorter lead-time. Hence, we have raised FY08F and FY09F revenue by 10.6% and 8.7%, respectively. In anticipation of fatter margins for these vessels, net profit estimates were raised to 13.9% and 13.0%, respectively. Relevance: We remain concerned over YZJ's execution of its US$6.8bn record high order backlog, which stretches over 4 years. With 30% of its order book exposed to forex fluctuations and the risk of high steel prices affecting its earnings from 2H09 onwards, the risk to forecasts is high beyond 2009. Maintain Hold and fair value of S$1.45. The increase in our earnings estimates are offset by a lower target PER multiple of 14x FY09F PE (instead of 16x), in line with the industry de-rating to account for higher risk premium. |
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AK_Francis
Supreme |
29-Apr-2008 12:49
Yells: "Happy go lucky, cheers." |
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Angry is the man ah. Still can affort the burger to drop few cts more. Lunch leow loh. |
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cyjjerry85
Elite |
29-Apr-2008 12:38
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