Latest Forum Topics / YZJ Shipbldg SGD Last:2.44 -0.09 | Post Reply |
Cruising with the ship ..Yangzijiang
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ascend88
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19-Sep-2013 10:32
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need to break 1.13.....1.125...already like very hard....   |
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ascend88
Senior |
19-Sep-2013 10:08
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yeah baby yeah thanks Sam...
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ascend88
Senior |
19-Sep-2013 10:07
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yes lock inside safebox...and throw away the keys...! someone just eated up 200...100 lots at 1.125...
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samson
Veteran |
19-Sep-2013 10:06
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you can't stop the china ship to moving up | ||||
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Oldbird
Senior |
19-Sep-2013 10:05
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Hold tight tight? dont let go too fast !
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samson
Veteran |
19-Sep-2013 09:27
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危 中 有 机 , 转 型 当 避 ?人 云 亦 云 ? Crisis in the organic, the transition when to avoid the " parrot" Source: Xinhua Daily 2013-09-19 07:14:39 In the first seven months, the national armed ship orders and new orders decreased by 3 percent and 5 percent, the shipbuilding market, " winter" is widening. 7, the China Shipbuilding Industry Association jointly organize seminars province, break through the road to explore the ship industry. Average of 4 years in case of the trough, ie orders rebound in economic recovery " Economic - Trade - Maritime - Shipbuilding, special chain determines the shipping industry is bound to fluctuate with the general trend of the world economy, are so for centuries. " hit a lifetime dealings with shipbuilding Shipbuilding Engineering Society of China Huang Pingtao shows a sets of data: Only since 1996, the shipbuilding industry has witnessed a five wave cycle, every valley after a strong rebound in orders for all, is now in the first five wave cycle. " In addition to international trade caused by the shipping needs of the fast-growing offshore oil and gas exploration will be the ship industry, another major " impact factor." The industry believes that the current international oil price exceeds $ 90, the future oil and gas prices rise, offshore oil and gas mining equipment market is broad. " From China, at present we are mainly in the offshore oil and gas extraction, to the deep-sea equipment demand will increase after." Chinese Academy of Engineering Wu Yousheng analysis. Experts believe that the future is still suitable for a longer period of time China Shipbuilding. " ship industry is capital, technology, labor 'three intensive', less developed countries lack capital and technology, high labor costs in developed countries, the most suitable medium levels of development. " Jiangsu Branch of China Classification Society Fan Qiang, general manager, said phase In contrast, the shipyard Jiangsu overall higher level of technology, with a number of outstanding boat prices, first-mover advantage, the challenge should be a firm confidence. A boat is equivalent to an aircraft, built pressure is a big difference A large-scale ship cost is almost the same with a Boeing aircraft, built pressure is a big difference. Shipbuilding " bull" , the shipowner total advance payments accounted for 50%, shipbuilding profits at 100%, even if the owners abandon the shipyards do not lose money. But the proportion dropped to 10% advance payment, ship prices plunged, orders will mean a loss. " The last 20 years, China's shipbuilding industry, mostly in the 80% debt ratio around 73% this year in July, but picked up at historic lows." China Shipbuilding Industry Association Secretary-General Wang Jin Lian explained that China's shipbuilding listed companies, the backbone of the enterprise debt ratio lower than South Korea, and Japan closer. Data show that the first half of this year, the province contributed to the national shipping industry 59% of the profits, profit margins higher than the national average of 3.5 percentage points. " As a result, banks do not respond to all shipyards 'one size fits all,'" Provincial Commission by letter, deputy Ren Qinyan representation. Jiangsu Branch of China Development Bank Vice President also called on Zhuangwei steel, shipbuilding market " winter" roots in the debt crisis in Europe, the majority of business is good, you want to maintain the size of credit and help enterprises to adjust the financial structure of lower operating costs. For more small shipyards, it should comply with " Ebb Tide," the objective law. Qin Yan said control South Korea, the 10 or so major shipyards, a group of professional shipyards, supporting enterprises and Design Institute of Jiangsu marine industry optimal pattern, therefore, should be encouraged to accelerate the integration of enterprises according to development needs, and in the high-tech enterprises finds support key enterprises and other issues. Transformation has become a consensus, but the need to avoid similar industries After the rise of ocean engineering equipment sector, various shipyards riveting enough fresh offshore oil and gas exploration equipment, research and development to get together, homogeneous development predicament yet broken. Wu Yousheng academician recently went to inspect the South China Sea, he said, China has a lot of islands, reefs urgent need to build, need to develop new marine engineering equipment, and this one is still the domestic blank. " Each boat to put the long-term corporate vision, do not 'parrot' ship as soon as possible to form their own brand." However, marine equipment subject to capital, technology and other barriers, not all shipping enterprises can " bite" under. Rongsheng president Chen Qiang said they ship through the optimization and upgrading of existing and enhance scientific and technological content, fuel consumption is greatly reduced by shipowners favor. For example, 17.6 tons of bulk carriers to upgrade to 20.5 million tons, an increase 30,000 tons load, fuel consumption reduced by 12%, the current has been six orders. Similarly, Zhenjiang Shipyard contrarian development, although the total shipbuilding output is not great, but the production of various types of tugs full swing, bucket wheel dredger, marine engineering ship multipurpose special domestic market share ranked first. " This revelation lot of shipping enterprises to implement dislocation competition, the difference operation, characteristics of the development strategy, to avoid excess capacity." Qin Yan expressed.
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samson
Veteran |
19-Sep-2013 09:24
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Yangzijiang  hope can   hold at $1.10 and higher next resistance $1.20 危 中 有 机 , 转 型 当 避 ?人 云 亦 云 ?   |
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ascend88
Senior |
19-Sep-2013 09:02
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nice...:) | ||||
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ascend88
Senior |
19-Sep-2013 08:47
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good dividend aside...   not forgetting captial gain.... which counter can give me the higest capital gain with good dividend... holding my yang yang  tight tight
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kenkenken
Senior |
19-Sep-2013 08:35
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I don't agree with you on overbrought high RSI. YZJ is a uptrend stock with BDI risely sharply from it low level. When a stock is uptrend, it can go up for month, even years... I will buy up from you instead. If happen to drop it just only a slight correction... MVYM
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Oldbird
Senior |
19-Sep-2013 08:15
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many speculative counters can short..why this one ? !
Good luck...friend
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Mardi.tan
Member |
19-Sep-2013 07:29
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Time to short yang. Rsi is too high. | ||||
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cheongsl
Master |
19-Sep-2013 06:54
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Higher divident is not true currently, unless Yang continue to rise further. Yang Zi Jiang current price divident is 4.55% yield Keppel Corp is 4.52%, Semb Corp Ind 2.96%, Semb Corp marine 2.88%. Yang Divident yield is almost in par with keppel corp now, if compare to Semb corp ind, semb corp marine, it need to at least rise to $1.70.
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samson
Veteran |
18-Sep-2013 23:49
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Some pppl may switch to buy Sembcorp Industries .Keppel Corp  . Sembcorp Marine  they all gov company higher divided and safe stocks they call bule chip .   |
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ascend88
Senior |
18-Sep-2013 23:43
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Then it's time to do the other way around | ||||
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samson
Veteran |
18-Sep-2013 23:41
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Keppel Secures Two FPSO Conversion ContractsKeppel Secures Two FPSO Conversion Contracts  OSK DMG Recommendation to Buy TP:$12.51  < == > Posted on Sep 18th, 2013 with tags Keppel Shipyard Ltd (Keppel Shipyard) has secured two Floating Production Storage and Offloading (FPSO) conversion contracts from repeat customers worth a combined value of S$190 million (approx. USD 150.8 million). These contracts are from SBM Offshore N.V. (SBM Offshore) and M3nergy Offshore Limited (M3nergy Offshore). Mr Michael Chia, Managing Director (Marine & Technology), Keppel Offshore & Marine (Keppel O& M), said, â??The award of these contracts from our repeat customers affirms their confidence in us. These contracts from experienced FPSO fleet owners and operators SBM Offshore and M3nergy bear testament to our commitment to quality conversion and upgrading services. â??Over the years, Keppel Shipyard has worked closely with customers worldwide to bring to the market a range of offshore production solutions. We will continue to ensure the success of our latest FPSO projects to value-add to the global offshore production market.â?? Keppel Shipyardâ??s new conversion project for SBM Offshore is for the FPSO that will host the Stones ultra deepwater development by Shell in the Gulf of Mexico. Once installed, the vessel will be the deepest production facility in the world, as well as the deepest FPSO with a disconnectable buoy (Buoyant Turret Mooring or BTM). The yardâ??s work scope for the Stones project includes refurbishment and life extension works upgrading of living quarters fabrication and installation of the internal disconnectable buoy BTM system and topside module supports as well as the installation and integration of topside modules. The FPSO design has a processing facility capacity of 60,000 barrels of oil per day (bopd) and 15 mmscfd of gas treatment and export. The converted FPSO will be able to store 800,000 barrels of crude oil and its total topsides weight will reach 7,000 tonnes. Including the Stones FPSO, Keppel Shipyard has undertaken 20 major projects for SBM Offshore since 2000. Meanwhile, Keppel Shipyardâ??s second contract is from M3nergy Offshore to convert an FPSO for the Bukit Tua Field. For this project, Keppel Shipyard will undertake refurbishment and life extension works fabrication and installation of new structures, piping systems, spread-mooring system upgrading of the living quarters as well as the installation and integration of the topsides process modules. Scheduled for completion in the second quarter of 2014, the FPSO has been chartered by PC Ketapang II Ltd for its operations in the Bukit Tua field, which is 35 kilometres north of Madura Island, offshore Indonesia. The FPSO conversion contract for the Bukit Tua field in Ketapang Block, Indonesia, was awarded to the consortium PT Trasamudra Usaha Sejahtera â?? M3nergy Offshore Ltd. M3nergy Offshore is a subsidiary of M3nergy Berhad. The FPSO will have a production capacity of up to 25,000 barrels per day of liquids and a storage capacity of up to 630,000 barrels. The above contracts are not expected to have any material impact on the net tangible assets and earnings per share of Keppel Corporation Limited for the current financial year.   |
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samson
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18-Sep-2013 23:34
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Oil & Gas Services Chinese shipbuilders may continue to see downgrades. For Chinese shipbuilders, we continue to see risks in declining shipbuilding margins as newer orders with lower margins are executed. Shipyards without operating leverage and sufficient orderbooks to fill their capacity will see steep erosion in their margins. In our view, Yangzijiang Shipbuilding (YZJ SP, BUY, TP: SGD1.31) is the strongest Chinese yard given its robust balance sheet and strong project execution. However, its share price is likely to be weighed down by the weak sector outlook.   Figure 27: Yangzijiangâ??s consensus FY13 EPS Figure 28: Cosco Corpâ??s consensus FY13 EPS http://www.remisiers.org/cms_images/research/Sep16-Sep20_2013/0918_OSK_OilGas.pdf OSK DMG Recommendation Buy : Sembcorp Industriesâ?? .Keppel Corp  . Sembcorp Marine  We upgrade Keppel Corp (KEP) from Neutral to BUY with a higher SOPbased TP of SGD12.24. Easing competition from Chinese yards due to tighter credit, cuts in shipyard capacity and full orders at the Dalian yard will boost KEPâ??s pricing power. We also believe its new FLNG, Arctic jackup and drillship products have significant order potential and its stock may rerate once orders are confirmed. ï?¨ SGD14.2bn-strong net orderbook. Keppelâ??s operations and maintenance (O& M) division has secured SGD4.1bn worth of new orders YTD, primarily driven by orders for 10 jackup rigs. Its net orderbook of SGD14.2bn provides strong visibility for the next two years. That said, this orderbook value already makes up 80%/54% of our O& M revenue estimates for FY14/15F. ï?¨ We upgrade Sembcorp Marine (SMM SP)SMM from  Neutral to BUY with a higher TP of SGD5.60. Although a laggard, with its share price returning -4.4% YTD vs the STIâ??s -1.9%, we see upside, fuelled by stronger-than-expected order wins and easing competition - as commercial ship orders recover and China tightens shipyard credit - as well as stronger earnings going into FY14. Our new TP values SMM at a 18.6x FY14F P/E. ï?¨ Helix places USD346m order for semisub well intervention rig. The latest order from Helix lifted Sembcorp Marine (SMM)â??s YTD order wins to SGD3.93bn. We estimate its net orderbook at SGD14.8bn, with deliveries extending up to 2019. This is the second well intervention rig Helix is ordering from SMM. The DP3 semi-submersible (semisub), to be named Q7000, is based on a design jointly developed by SMM and Helix. It is scheduled for delivery in mid-2016. We revise Sembcorp Industriesâ?? (SCI) TP to SGD5.90 from SGD5.85, on a higher TP for SMM, but incorporate a 10% holding company discount on its shares, same as with Keppel Corp (KEP). Maintain BUY, as we like: i) the solid earnings from its utilities business, and ii) the upside from potential M& A in the utilities space. At our TP, the stock is valued at a 12.4x FY14F P/E. ï?¨ New capacity in the pipeline. SCI is expanding its utilities business, with several major projects in the pipeline, including: i) a 400MW cogeneration plant on Jurong Island that will be ready in mid-2014, ii) multi-utilities facilities scheduled to be ready in 4Q13, iii) a 49% stake in a 1,320MW power plant in India to be commissioned in 2H14, and iv) a USD200m expansion of a desalination plant in Fujairah (in the United Arab Emirates) that is expected to be completed in 1H15. ï?¨   |
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ascend88
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18-Sep-2013 23:10
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Full steam ahead .. After the fed tapering is out of the way !
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cheongsl
Master |
18-Sep-2013 21:57
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BDI 1822 another 82 point rise..... | ||||
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ascend88
Senior |
18-Sep-2013 17:19
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nice closing.....finally managed to closed at 1.10 ....on the dot.... tomr will be 1.10 +++  range climb... Patience we must have.....YZJ shares  we must own....       |
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