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1021-1040 of 4713
Most important is price recover
I was not in favour of Cosco, as many telltale sign indicated that it has fallen behind Yang Zi Jiang.
Hawkeye ( Date: 08-Jul-2013 16:56) Posted:
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I chose YZJ because of PSY style 3P formula :)
PE Low (Share px is undervalue)
Strong Order book (Market so bad still got orders coming in)
Yield High (Almost every year got good dividend)
*Company got orders one how to die? No orders one then die sooner or later..
*Shipping sector is sinking for some times, the better one will stay afloat, the bad one will sink and drown.
*But those that got orders one but always report no profit or dividend one, sure something wrong, be careful of that..
This Ship can not die, proven over the years since 2007. This ship is still in tow by Cosco the big brother. Now towed down, later when cosco go up cosco will tow it up. Ha Ha Ha :))
warrenbegger ( Date: 08-Jul-2013 15:59) Posted:
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This ship still don't die...
http://www.fool.sg/2013/07/05/chinese-ship-builders-in-trouble/
With dark clouds on the horizon, investors have to pay attention to companies’ balance sheets to ensure they can weather the storm. A chief reason for a possible shutdown in one-third of China’s shipyards is due to weak balance sheets and China Rongsheng’s a ‘good’ example. Mounting losses for China Rongsheng have resulted in massive capital shortfalls for the company and tight debt markets in China have exacerbated its difficulties in raising capital.
That’s a situation that investors wouldn’t want their companies to be in and on that front, Yangzijiang’s investors can rest a little easier. The company carries RMB19.7b in cash & other financial assets while sporting only RMB8.93b in debt. Net working capital for the company’s also healthy at RMB10.2b, suggesting the company has some buffer against potential capital shortfalls.
Cosco’s situation is a tad dicier, with S$3.4b in debt and only S$1.70b in cash but with a positive net working capital amounting to S$1.46b, there’s plenty of wriggle-room in the event of any further deterioration in the company’s business.
While it’s all doom-and-gloom for Yangzijiang and Csoco’s industry peers over in China, there have been some bright sparks lately. Bloomberg’s report mentioned that “the order book at China’s shipbuilders fell 23 percent at the end of May from a year earlier” but both Singapore-listed companies saw new orders coming in recently.
Yanzijiang announced a new contract worth US$414m yesterday for building 15 vessels while Cosco received a US$170m contract that was announced on 21 June 2013. That might suggest these two companies have some competitive advantages over other industry peers, but it remains to be seen if they can pull free from the sinking ship of the shipbuilding industry over in China.
True also. Will never know.
Buying, Shorting or just Looking at it every day,
U never know what will happen next day, next week, next month, or till next year...
If covering, Monday down again?
Shortist covering or someone buying at 0.840 ??
sharefbb05 ( Date: 05-Jul-2013 17:37) Posted:
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Today is a good day for Yangzijiang. Up 0.015
Even if yzj doesn't get much capital appreciation in the next few years holding it now totally makes sense. Holding for the next 4 years assuming dividends maintain should yield a good ~20% at current price, similar to what most expect from capital appreciation of other blue chip stocks. Just monitor it's contract sales and profits. If it doesn't move too far away from previous years, chances are dividends will maintain. When shipping boom comes, your capital appreciation is in for a good ride
YZJ slowly consolidating the industry with m& a using it's cash. Soon, it will be the only few major player left with huge ship building capacity when boom time comes.
Yangzijiang Shipbuilding (S$0.825) Secured shipbuilding contracts worth US$414million : Fri, 5 Jul 09:48
Yangzijiang Shipbuilding announced that it had secured new shipbuilding contractsfor 15 vessels worth a total of US$414mil. Asthe vessels are scheduled for delivery from 2015 to 2016, they will not have any signifi cant impact on the company's earningsforthe fi nancial year ending Dec 31, 2013. The company now has a total of 51 options worth US$2.64bil entered with its respective buyers, of which 22 are for container ships worth US$1.56bil and 29 for multipurpose bulk carriers worth US$1.08bil. Separately, Yangzijiang also announced thatit had acquired the balance of 49% of the equity interestin the capital of Jiangsu Yangzi Changbo Shipbuilding Co (JCSC).
Finally able to see some positive news in this counter.
Hope can stop it to going lower
Seems that with all these good news this counter will not move up much. Even move up will only just a very short rebound & back to 0.825 & below. Just my own view.
With the Baltic Dry Index recently achieving a 52-week high of 1179 points, the Group is confident that more options will be exercised in 2H2013
Got some wind is better than no wind :)
ACQUISITION OF THE REMAINING 49% OF EQUITY INTEREST IN THE CAPITAL OF JIANGSU YANGZI CHANGBO SHIPBUILDING CO., LTD (THE “ACQUISITION”)
收 購 江 蘇 揚 子 長 博 船 廠 有 限 公 司 的 剩 餘 49%股 權
The Board of Directors of Yangzijiang Shipbuilding (Holdings) Ltd. (the “Company” or “YZJ”) is pleased to announce that the Company has acquired the remaining balance of 49% of the equity interest in the capital of Jiangsu Yangzi Changbo Shipbuilding Co., Ltd. (“JCSC”), of which 25% of the equity interest in JCSC was acquired by the Company directly, and the remaining 24% of the equity interest in JCSC was acquired by its wholly-owned subsidiary, Jiangsu Yangzijiang Shipbuilding Co. Ltd (“JYSCO”).
揚 子 江 船 業 （ 控 股 ） 有 限 公 司 （ 以 下 簡 稱 “公 司 ” 或 “揚 子 江 ”） 董 事 局 公 佈 公 司 已 收 購 江 蘇 揚 子 長 博 造 船 有 限 公 司 （ 以 下 簡 稱 “長 博 船 廠 ”） 剩 餘 49%的 股 權 。 其 中 25%股 權 由 公 司 直 接 收 購 ， 剩 餘 24%股 權 則 通 過 公 司 的 全 資 子 公 司 江 蘇 揚 子 江 船 廠 有 限 公 司 （ 以 下 簡 稱 ”揚 子 江 船 廠 ”） 收 購 。
Prior to the acquisition, the Company was holding 51% of the equity interest in the registered capital of JCSC. Following the Acquisition, JCSC will become a wholly-owned subsidiary of the Company.
完 成 本 次 收 購 前 ， 公 司 持 有 長 博 船 廠 51%的 股 權 。 完 成 收 購 后 ， 長 博 船 廠 將 成 為 公 司 的 全 資 子 公 司 。
JCSC is a company registered in the People’s Republic of China with a registered share capital of RMB100,000,000. The principle activities of JCSC are shipbuilding, ship repair, production and processing of large scales steel structures.
長 博 船 廠 是 一 家 註 冊 于 中 國 的 公 司 ， 擁 有 註 冊 資 本 一 億 元 人 民 幣 。 長 博 船 廠 的 主 營 業 務 包 括 造 船 、 修 船 及 大 型 鋼 結 構 生 產 加 工 。
The total consideration for the Acquisition is RMB110,000,000. The amount of the investment was arrived at after an arms’ length negotiations on a willing buyer willing seller basis and taking into account, inter alia, the net book value of RMB286,098,601 of JCSC as at 31 December 2012.
本 次 收 購 之 總 代 價 為 人 民 幣 1.1億 元 人 民 幣 。 該 金 額 為 買 賣 雙 方 在 平 等 自 願 的 前 提 下 參 考 長 博 船 廠 2012年 12月 31日 人 民 幣 286,098,601的 帳 面 資 產 淨 值 而 達 成 。
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_E61A7FA0F32C2C8448257B9E003139A6/$file/Announcement_20130704_Changbo.pdf?openelement
Nice to see the good update. Keep it up, YZJ!!!