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If i rem correctly this counter was once one of the STI components
Ladies and gentlements, the boat is departing soon.Please board now before its too late.For those who on board, please fasten your seat belt. Thank you.
It is moving towards higher value products, the chairman has great vision.
If YZJ has the same profit margin as SM or Keppel, market price now would be more than $ 4 or $10 !!
pcscorpio ( Date: 26-Apr-2013 12:37) Posted:
| from wad i heard yangzi's contracts the profit margin very low. much lower then sembmar or keppel's |
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Tat's why yzj is not blue chip.
from wad i heard yangzi's contracts the profit margin very low. much lower then sembmar or keppel's
Agreed... Good management dares to stand up to scrutiny...
warrenbegger ( Date: 26-Apr-2013 11:57) Posted:
Maybe thats his plan. Give u see the result first and give u chance to ask question at AGM. Good for shareholder.
Is better than after AGM market close then show the result right? After that u ask who?
oldflyingfox ( Date: 26-Apr-2013 11:14) Posted:
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I think won't be so fast, but I'm surprised that it came out just before the AGM this afternoon. Let see how the chairman comment during the AGM Q& A.. |
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Maybe thats his plan. Give u see the result first and give u chance to ask question at AGM. Good for shareholder.
Is better than after AGM market close then show the result right? After that u ask who?oldflyingfox ( Date: 26-Apr-2013 11:14) Posted:
I think won't be so fast, but I'm surprised that it came out just before the AGM this afternoon. Let see how the chairman comment during the AGM Q& A...
sk6666 ( Date: 26-Apr-2013 11:05) Posted:
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Anyone rec'd any report from houses that downgrade yzj based on Q12013 result? Can share with us? Thanks. |
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The Group’s outstanding shipbuilding order book stood at USD3.31 billion as at 26 April 2013
Got business with no profit warning during this economics downturn already very good liao.
Still giving good dividend. Now only waiting economics to pick up.
Those attending can you ask how is the progress of :
The placement of 330m warrants with exercise price of around $1.50. sk6666 ( Date: 26-Apr-2013 11:19) Posted:
Are you attending? Can update us the outcome of the meeting? Thanks.
oldflyingfox ( Date: 26-Apr-2013 11:14) Posted:
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I think won't be so fast, but I'm surprised that it came out just before the AGM this afternoon. Let see how the chairman comment during the AGM Q& A.. |
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See the way and what u post after result will mostly know if u r a long or a short liao. LOL :)
Are you attending? Can update us the outcome of the meeting? Thanks.
oldflyingfox ( Date: 26-Apr-2013 11:14) Posted:
I think won't be so fast, but I'm surprised that it came out just before the AGM this afternoon. Let see how the chairman comment during the AGM Q& A...
sk6666 ( Date: 26-Apr-2013 11:05) Posted:
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Anyone rec'd any report from houses that downgrade yzj based on Q12013 result? Can share with us? Thanks. |
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If it is below estimates, it will not stand on current pricing liao. If not, price already factor in the result??
I would like to know below whose estimates.
Aberdeen123 ( Date: 26-Apr-2013 10:41) Posted:
1Q13 results below estimates.
Revenues declined 22% y/y to Rmb2.87b, together with a 30% decline in earnings to Rmb717.2m. |
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I think won't be so fast, but I'm surprised that it came out just before the AGM this afternoon. Let see how the chairman comment during the AGM Q& A...
sk6666 ( Date: 26-Apr-2013 11:05) Posted:
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Anyone rec'd any report from houses that downgrade yzj based on Q12013 result? Can share with us? Thanks. |
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" The shipbuilding industry has been in a downturn for some time now, and we believe that we have hit the trough as we recently saw signs of renewed activity within the industry. As such, we have been actively engaging interested ship owners in the hopes of winning new orders for the Group in the near term. Although we are by no means unaffected, I am pleased to report that Yangzijiang’s performance has remained relatively strong. The Group has managed to brace itself from the brunt of the downturn by identifying industry cycles ahead of time, and developing strategies to counter any negative headwinds. The current down cycle has spurred the Group to strengthen our business model by establishing diversified revenue streams which includes ship breaking, ship repair, and an offshore segment.
While we devote time and effort on building up these segments to complement our core business of shipbuilding, we have remained vigilant to developments in the shipping and shipbuilding industry. Increasingly, we have noted heightened interests and enquiries for eco-ships. We believe this trend developed as shipping companies endeavor to adapt to an increasingly difficult operating environment. Apart from lower emissions which will fulfill the stricter requirements of regulatory bodies, eco-ships benefit companies in significant cost savings through a change in vessel design and fuel efficiency. In this operating climate, these cost savings will be imperative to ship owners due to its direct impact on the bottom line.
The Group has a range of vessels which fall into the eco-ship category, including the 4,800 TEU and 10,000 TEU containerships, as well dry bulk carriers from 34,000 DWT to 82,000 DWT. With an established track record, I believe that the Group will benefit from this trend as we make continuous improvements on our technology and quality of vessels.
As we further develop our strengths in the core shipbuilding segment and leverage on emerging trends to improve our performance, the Group will simultaneously build on our complementary businesses which we believe will support the Group through these difficult times. When the shipbuilding industry recovers in due time, the Group will be in a strong position to capitalize on opportunities that arise from the various segments."
Mr Ren Yuanlin (任 元 林 ), Executive Chairman, Yangzijiang said....
Anyone rec'd any report from houses that downgrade yzj based on Q12013 result? Can share with us? Thanks.
12 months Prospects: (Extracted from The SGX announceement) : 
The Group delivered 9 vessels in 1Q2013, and announced the cessation of 1 shipbuilding contract recently. The cessation is for one 2,500TEU container ship of which 40% deposits was collected. The Group ceased the above contract in accordance to contractual terms and confiscated the corresponding deposits so as to minimize operational risks. With the cessation of two 2,500TEU container ships announced on 22nd February 2013, the Group is now actively sourcing for potential buyers for the three 2500TEU containerships. These three 2500TEU containerships were ordered by the same owner in year 2007, and scheduled for completion in 2013.
2013年 第 一 季 度 ， 集 團 共 計 交 付 9艘 船 舶 ， 並 在 近 期 宣 佈 終 止 1艘 船 舶 合 約 ， 此 船 舶 為 一 艘 2,500TEU貨 櫃 輪 并 已 收 取 40%的 定 金 。 公 司 根 據 合 同 規 定 終 止 此 訂 單 ， 並 沒 收 相 應 的 定 金 以 控 制 經 營 風 險 。 加 上 在 2013年 2月 22日 已 宣 佈 終 止 的 兩 艘 2,500TEU貨 櫃 輪 訂 單 ， 集 團 正 積 極 的 為 三 艘 2500TEU貨 櫃 輪 尋 找 意 向 買 家 ， 此 三 艘 2,500TEU貨 櫃 輪 訂 單 均 為 同 一 客 戶 於 2007年 定 下 的 訂 單 , 計 劃 將 在 2013年 完 工 。
Despite the intense competition and headwinds faced by the commercial shipbuilding industry, following the Seaspan order secured in January 2013, the Group entered into eight new shipbuilding contracts amounting to USD237 million recently, comprising five 82,000DWT dry bulk carriers, two 36,000DWT multi-purpose vessels and one 94,000DWT trans-load vessel. The orders also come with 5 optional units worth USD155 million, comprising two 82,000DWT dry bulk carriers, two 36,000DWT multi-purpose vessels and one 94000DWT trans-load vessel. With the additions to the order books as mentioned above, the Group’s outstanding shipbuilding order book stood at 65 vessels with a total value of USD3.31 billion as at the announcement date.
儘 管 市 場 疲 軟 競 爭 激 烈 ， 繼 集 團 在 2013年 1月 接 獲 西 斯 班 公 司 的 訂 單 後 ， 集 團 又 新 簽 八 艘 總 額 為 2.37億 美 元 的 新 造 船 合 同 ， 新 簽 訂 單 為 五 艘 82,000DWT散 貨 船 ， 兩 艘 36,000DWT多 用 途 船 以 及 一 艘 94,000DWT自 卸 船 。 這 些 訂 單 配 有 價 值 1.55億 美 元 共 計 五 艘 船 東 可 選 擇 生 效 之 合 約 ， 分 別 為 两 艘 82,000DWT散 貨 船 ， 兩 艘 36,000DWT多 用 途 船 和 一 艘 94,000DWT自 卸 船 。 在 新 增 上 述 訂 單 後 ， 集 團 在 截 至 公 告 日 的 手 持 訂 單 價 值 為 美 金 33.1億 元 ， 共 計 65艘 船 舶 。
With the increase in recent enquires of new orders, the Group believes the down trend has stabilised. We are working closely with potential buyers to secure more orders in year 2013. The Chinese government has also announced a number of strategic measures, including their plan to consolidate 70% of the nation’s shipbuilding capacity into the top 10 local shipbuilding groups in view of the dire state of the shipping industry last year, with proposed supportive regulations recently to incentivise ship owners to demolish and rebuild vessels of more than 15 years of age, provided these vessels are reconstructed in China. In adapting to a depressed shipping industry and increasing pressure on environmental conservation, the Group has witnessed an emerging trend for smaller sized eco-ships with a focus on fuel efficiency. A number of big shipping lines have announced plans for an eco-friendly shipping fleet. The Group is well placed to leverage on this trend, and have existing capabilities to construct eco-friendly vessels of various sizes.
最 近 查 詢 新 訂 單 增 加 ， 下 降 趨 勢 已 趨 於 穩 定 ， 我 們 正 與 潛 在 買 家 緊 密 合 作 以 在 2013年 爭 取 到 更 多 的 訂 單 。 基 於 船 舶 市 場 處 於 低 迷 期 ， 去 年 中 國 政 府 宣 布 幾 項 關 鍵 措 施 中 包 括 把 全 國 70%的 造 船 量 集 中 在 國 內 十 大 造 船 集 團 。 并 在 近 期 推 出 提 供 補 貼 給 在 國 內 重 造 超 過 15年 船 齡 船 隻 的 船 東 的 舉 措 。 在 船 舶 市 場 低 迷 和 環 保 人 士 的 壓 力 下 ， 小 型 環 保 節 能 船 也 漸 漸 成 為 新 趨 勢 ， 幾 家 大 型 造 船 公 司 已 宣 布 投 入 資 金 建 造 環 保 節 能 船 。 集 團 在 這 方 面 有 能 力 建 造 不 同 型 號 的 環 保 節 能 船 ， 迎 合 這 股 趨 勢 。
The Group remains focused on maximizing shareholders’ value through value creation. Progress in shipbuilding and related segments may remain slow, but investment in held-to-maturity financial assets will allow the Group to weather through the challenging times. Investment in held-to-maturity financial assets was made possible due to the Group’s accumulation of reserves throughout the years. Such investments optimize the return of these resources, thereby lifting the Group’s profitability. The Group will maintain the investment strategy and continue to adopt a rigorous risk management approach in assessing and evaluating all investments. In addition, the Group remains committed in executing its plans in its transformation into an integrated marine group with diversified revenue streams, which includes related businesses such as ship repair and ship breaking. The Group will also use this opportunity to strengthen its capabilities and increase its product range by building its offshore segment, which has already secured an order for a jack up rig in 2012.
集 團 將 持 續 致 力 於 通 過 價 值 創 造 最 大 化 股 東 價 值 。 造 船 及 相 關 產 業 的 增 長 將 放 緩 腳 步 ， 但 集 團 在 過 去 數 年 累 積 的 財 富 ， 使 得 集 團 有 條 件 投 資 持 有 至 到 期 金 融 資 產 以 幫 助 集 團 渡 過 當 前 充 滿 挑 戰 的 時 期 。 此 類 投 資 也 將 有 助 優 化 資 源 的 回 報 ， 從 而 提 升 集 團 的 盈 利 能 力 。 集 團 將 保 持 投 資 策 略 ， 并 採 用 嚴 格 的 風 險 管 理 評 估 及 評 價 所 有 投 資 。 另 外 ， 集 團 繼 續 致 力 於 打 造 綜 合 海 事 集 團 的 目 標 ， 其 中 包 括 其 他 相 關 業 務 如 修 船 和 拆 船 業 務 。 集 團 也 將 借 此 機 會 加 強 自 身 實 力 ， 加 大 力 度 擴 展 海 工 業 務 。 集 團 在 2012年 已 贏 得 第 一 艘 自 升 式 鑽 井 平 臺 的 訂 單 。
The Board believes that challenges give rise to opportunities. The Board remains confident of the Group’s financial performance for year 2013.
董 事 局 相 信 挑 戰 與 機 遇 並 存 ， 並 對 集 團 2013年 的 財 務 表 現 充 滿 信 心 。 pcscorpio ( Date: 26-Apr-2013 10:49) Posted:
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Shipbuilder Yangzijiang on Friday posted a 30 per cent slide in net
profit to RMB717.2 million for its first quarter ended March 31, 2013,
down from RMB1 billion a year ago. Revenue for the quarter fell 22 per
cent to RMB2.9 billion, from RMB3.7 billion a year earlier, hit by lower
contributions from its core revenue driver, the shipbuilding related segment.
" The group was affected by the challenging environment faced by the overall
commercial shipbuilding industry, which resulted in the cessation of one
additional shipbuilding contract in 1Q2013, as well as the cessation of four
shipbuilding contracts in 4Q2012 which impacted the original delivery schedule.
" As a result, the group delivered nine vessels in 1Q2013, compared to 15 vessels
in 1Q2012," it said. (Source: Business Times)
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Shipbuilder Yangzijiang on Friday posted a 30 per cent slide in net
profit to RMB717.2 million for its first quarter ended March 31, 2013,
down from RMB1 billion a year ago. Revenue for the quarter fell 22 per
cent to RMB2.9 billion, from RMB3.7 billion a year earlier, hit by lower
contributions from its core revenue driver, the shipbuilding related segment.
" The group was affected by the challenging environment faced by the overall
commercial shipbuilding industry, which resulted in the cessation of one
additional shipbuilding contract in 1Q2013, as well as the cessation of four
shipbuilding contracts in 4Q2012 which impacted the original delivery schedule.
" As a result, the group delivered nine vessels in 1Q2013, compared to 15 vessels
in 1Q2012," it said. (Source: Business Times)
Below which house's estimate? Can share with us?
1Q13 results below estimates.
Revenues declined 22% y/y to Rmb2.87b, together with a 30% decline in earnings to Rmb717.2m.
