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YZJ Shipbldg SGD Last:2.91

+0.03

Cruising with the ship ..Yangzijiang

Is us dollars 1.8 billion s each total of 3.6 billion s

180 million or 1.8 billion ?

samson ( Date: 14-Sep-2013 10:56) Posted:

Yangzijiang had secure two ship building contracts cost for us $1800 million . Total of us $3600 millions . Going to announce

Cosco also wins two +2 ship building contracts cost us $ few billions going to announced on mondays

Straits times

DrEaMzZz ( Date: 14-Sep-2013 10:56) Posted:

Which paper???

ascend88 ( Date: 14-Sep-2013 10:19) Posted:

Big page newspaper write up on YZJ .. And china shares ..
Monday rocket

Yangzijiang had secure two ship building contracts cost for us $1800 million . Total of us $3600 millions . Going to announce

Cosco also wins two +2 ship building contracts cost us $ few billions going to announced on mondays

Which paper???

ascend88 ( Date: 14-Sep-2013 10:19) Posted:

Big page newspaper write up on YZJ .. And china shares ..
Monday rocket

china holiday on monday

Big page newspaper write up on YZJ .. And china shares ..
Monday rocket

Even if you look at other size vessel delivery, it also clearly shown an increase in index for 2yrs period, to 1yrs period and 4/6 months period of Altantic delivery and Pacific delivery is somewhat stabilise.

cheongsl ( Date: 14-Sep-2013 05:28) Posted:

I was quite skeptical with the report that the capsize rally was driven by the iron ore demand from china.

As capsize delivery for Pacific is 13000 (4/6months) and 12700(1yrs) and 14200(2yrs)

but capsize delivery for Atlantic is 22500 (4/6months) and 15200(1yrs) and 14700(2yrs)

China demand should be from pacific delivery not Atlantic, it is more likely the recovery of Europe.

WanSiTong ( Date: 13-Sep-2013 16:14) Posted:

Dry Bulk Shipping - Will the capesize rally spread?

Written By Stock Fanatic on Friday, September 13, 2013 | 9/13/2013

The BDI rally over the past month has narrowly focused on capesizes, driven by robust Chinese restocking of iron ore. Capesize rates should rise for a couple more weeks, supported by good steel demand in China, though the action may not spread to the smaller vessels.

We stay Neutral on the sector, with Pacific Basin and Maybulk as top picks as they are fundamentally strong and trading below their SOP. Stock catalysts include a gradual but broad recovery in dry bulk rates from 2014. We have an Underperform call on PSL on valuation grounds, and particularly highlight STXPO as our top sell as it is technically insolvent. We lower our target for STXPO to W295 (from W1,380) in this report.

" Freight rates and ship values have bottomed out, but there is no tangible evidence to support a sustained recovery soon."

? Pacific Basin Interim Report 2013

Broad or narrow recovery?

The average BDI has risen 52% so far this quarter from its 2Q13 average, driven almost entirely by a 142% qoq rise in capesize rates. Iron ore stocks in China are low, crude-steel production in 2013 has recovered very nicely from a lacklustre 2012, and apparent steel consumption has remained robust. The numbers coming out of China for real-estate investment, floor space under construction, and auto and white-goods production look good.

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For the moment, only iron ore demand has picked up, and only capesizes are feeling the tide. While there is a small hint of recent activity on the panamax side, the supramax and handysize segments remain lacklustre. We believe this is due to a 30% ship overcapacity, 3x more than that in past cyclical troughs, which limits onward rate transmissions when only one commodity is seeing a short-term demand increase.

How long will it last?

We expect capesize rates to stay high as long as Chinese iron ore restocking continues. Once that process is done, capesize rates may drop as quickly as they had risen, going by several examples in the recent past. An interesting point is, what would happen to share prices if capesize rates correct. After all, Pacific Basin?s share price has risen 18% over the past three months, and it does not even own a single capesize vessel.

The long view

As a result of the exceptionally high surplus rate, we should not expect dry-bulk freight rates to recover by very much or very quickly. Rates should bottom out this year, then rise slowly into 2014-15, assuming there is no major ordering binge. This gives us the confidence in our Outperform calls on the best-quality companies in the sector, even if there might be some short-term volatility. (Read Report)

I was quite skeptical with the report that the capsize rally was driven by the iron ore demand from china.

As capsize delivery for Pacific is 13000 (4/6months) and 12700(1yrs) and 14200(2yrs)

but capsize delivery for Atlantic is 22500 (4/6months) and 15200(1yrs) and 14700(2yrs)

China demand should be from pacific delivery not Atlantic, it is more likely the recovery of Europe.

WanSiTong ( Date: 13-Sep-2013 16:14) Posted:

Dry Bulk Shipping - Will the capesize rally spread?

Written By Stock Fanatic on Friday, September 13, 2013 | 9/13/2013

The BDI rally over the past month has narrowly focused on capesizes, driven by robust Chinese restocking of iron ore. Capesize rates should rise for a couple more weeks, supported by good steel demand in China, though the action may not spread to the smaller vessels.

We stay Neutral on the sector, with Pacific Basin and Maybulk as top picks as they are fundamentally strong and trading below their SOP. Stock catalysts include a gradual but broad recovery in dry bulk rates from 2014. We have an Underperform call on PSL on valuation grounds, and particularly highlight STXPO as our top sell as it is technically insolvent. We lower our target for STXPO to W295 (from W1,380) in this report.

" Freight rates and ship values have bottomed out, but there is no tangible evidence to support a sustained recovery soon."

? Pacific Basin Interim Report 2013

Broad or narrow recovery?

The average BDI has risen 52% so far this quarter from its 2Q13 average, driven almost entirely by a 142% qoq rise in capesize rates. Iron ore stocks in China are low, crude-steel production in 2013 has recovered very nicely from a lacklustre 2012, and apparent steel consumption has remained robust. The numbers coming out of China for real-estate investment, floor space under construction, and auto and white-goods production look good.

Sector Comparison


	Gadgets powered by Google

For the moment, only iron ore demand has picked up, and only capesizes are feeling the tide. While there is a small hint of recent activity on the panamax side, the supramax and handysize segments remain lacklustre. We believe this is due to a 30% ship overcapacity, 3x more than that in past cyclical troughs, which limits onward rate transmissions when only one commodity is seeing a short-term demand increase.

How long will it last?

We expect capesize rates to stay high as long as Chinese iron ore restocking continues. Once that process is done, capesize rates may drop as quickly as they had risen, going by several examples in the recent past. An interesting point is, what would happen to share prices if capesize rates correct. After all, Pacific Basin?s share price has risen 18% over the past three months, and it does not even own a single capesize vessel.

The long view

As a result of the exceptionally high surplus rate, we should not expect dry-bulk freight rates to recover by very much or very quickly. Rates should bottom out this year, then rise slowly into 2014-15, assuming there is no major ordering binge. This gives us the confidence in our Outperform calls on the best-quality companies in the sector, even if there might be some short-term volatility. (Read Report)

I was quite skeptical with the report that the capsize rally was driven by the iron ore demand from china.

As capsize delivery for Pacific is 13000 (4/6months) and 12700(1yrs) and 14200(2yrs)

but capsize delivery for Atlantic is 22500 (4/6months) and 15200(1yrs) and 14700(2yrs)

China demand should be from pacific delivery not Atlantic, it is more likely the recovery of Europe.

WanSiTong ( Date: 13-Sep-2013 16:14) Posted:

Dry Bulk Shipping - Will the capesize rally spread?

Written By Stock Fanatic on Friday, September 13, 2013 | 9/13/2013

The BDI rally over the past month has narrowly focused on capesizes, driven by robust Chinese restocking of iron ore. Capesize rates should rise for a couple more weeks, supported by good steel demand in China, though the action may not spread to the smaller vessels.

We stay Neutral on the sector, with Pacific Basin and Maybulk as top picks as they are fundamentally strong and trading below their SOP. Stock catalysts include a gradual but broad recovery in dry bulk rates from 2014. We have an Underperform call on PSL on valuation grounds, and particularly highlight STXPO as our top sell as it is technically insolvent. We lower our target for STXPO to W295 (from W1,380) in this report.

" Freight rates and ship values have bottomed out, but there is no tangible evidence to support a sustained recovery soon."

? Pacific Basin Interim Report 2013

Broad or narrow recovery?

The average BDI has risen 52% so far this quarter from its 2Q13 average, driven almost entirely by a 142% qoq rise in capesize rates. Iron ore stocks in China are low, crude-steel production in 2013 has recovered very nicely from a lacklustre 2012, and apparent steel consumption has remained robust. The numbers coming out of China for real-estate investment, floor space under construction, and auto and white-goods production look good.

Sector Comparison


	Gadgets powered by Google

For the moment, only iron ore demand has picked up, and only capesizes are feeling the tide. While there is a small hint of recent activity on the panamax side, the supramax and handysize segments remain lacklustre. We believe this is due to a 30% ship overcapacity, 3x more than that in past cyclical troughs, which limits onward rate transmissions when only one commodity is seeing a short-term demand increase.

How long will it last?

We expect capesize rates to stay high as long as Chinese iron ore restocking continues. Once that process is done, capesize rates may drop as quickly as they had risen, going by several examples in the recent past. An interesting point is, what would happen to share prices if capesize rates correct. After all, Pacific Basin?s share price has risen 18% over the past three months, and it does not even own a single capesize vessel.

The long view

As a result of the exceptionally high surplus rate, we should not expect dry-bulk freight rates to recover by very much or very quickly. Rates should bottom out this year, then rise slowly into 2014-15, assuming there is no major ordering binge. This gives us the confidence in our Outperform calls on the best-quality companies in the sector, even if there might be some short-term volatility. (Read Report)

looks like Ezra up than down 3 cents than next trading day - up 20 cents ? :)

Sector Comparison


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Dry Bulk Shipping - Will the capesize rally spread?

Written By Stock Fanatic on Friday, September 13, 2013 | 9/13/2013

The BDI rally over the past month has narrowly focused on capesizes, driven by robust Chinese restocking of iron ore. Capesize rates should rise for a couple more weeks, supported by good steel demand in China, though the action may not spread to the smaller vessels.

We stay Neutral on the sector, with Pacific Basin and Maybulk as top picks as they are fundamentally strong and trading below their SOP. Stock catalysts include a gradual but broad recovery in dry bulk rates from 2014. We have an Underperform call on PSL on valuation grounds, and particularly highlight STXPO as our top sell as it is technically insolvent. We lower our target for STXPO to W295 (from W1,380) in this report.

" Freight rates and ship values have bottomed out, but there is no tangible evidence to support a sustained recovery soon."

? Pacific Basin Interim Report 2013

Broad or narrow recovery?

The average BDI has risen 52% so far this quarter from its 2Q13 average, driven almost entirely by a 142% qoq rise in capesize rates. Iron ore stocks in China are low, crude-steel production in 2013 has recovered very nicely from a lacklustre 2012, and apparent steel consumption has remained robust. The numbers coming out of China for real-estate investment, floor space under construction, and auto and white-goods production look good.

Sector Comparison


	Gadgets powered by Google

For the moment, only iron ore demand has picked up, and only capesizes are feeling the tide. While there is a small hint of recent activity on the panamax side, the supramax and handysize segments remain lacklustre. We believe this is due to a 30% ship overcapacity, 3x more than that in past cyclical troughs, which limits onward rate transmissions when only one commodity is seeing a short-term demand increase.

How long will it last?

We expect capesize rates to stay high as long as Chinese iron ore restocking continues. Once that process is done, capesize rates may drop as quickly as they had risen, going by several examples in the recent past. An interesting point is, what would happen to share prices if capesize rates correct. After all, Pacific Basin?s share price has risen 18% over the past three months, and it does not even own a single capesize vessel.

The long view

As a result of the exceptionally high surplus rate, we should not expect dry-bulk freight rates to recover by very much or very quickly. Rates should bottom out this year, then rise slowly into 2014-15, assuming there is no major ordering binge. This gives us the confidence in our Outperform calls on the best-quality companies in the sector, even if there might be some short-term volatility. (Read Report)

believe we must....

the force is strong....this one...

You are great for this stock, let the history repeat again....
Have faith will move the mountain....
Cheers friend

cheongsl ( Date: 13-Sep 12:31) Posted:

I still remember I sell at 1.96, in 2011, did not endure up to the final point... above $2....

Oldbird ( Date: 13-Sep-2013 08:12) Posted:

If history can repeat here is how YZJ climbed from $0.4 to $2 from years 2009 to 2011

Climbed up every 20 to 30 cents in 2 to 3 months made correction 5 to 8 cents in less than a month

When it hit 1.2 ( it took only 3 Q to climb 80 cents) then corrected to 1

It then made a sharp climb to 1.6 then fell back to 1.2 just as fast .

From there it charged to 2 dollars in 4 months time.....

I think history always like to repeat itself

Cheers for those believer

I still remember I sell at 1.96, in 2011, did not endure up to the final point... above $2....

Oldbird ( Date: 13-Sep-2013 08:12) Posted:

If history can repeat here is how YZJ climbed from $0.4 to $2 from years 2009 to 2011

Climbed up every 20 to 30 cents in 2 to 3 months made correction 5 to 8 cents in less than a month

When it hit 1.2 ( it took only 3 Q to climb 80 cents) then corrected to 1

It then made a sharp climb to 1.6 then fell back to 1.2 just as fast .

From there it charged to 2 dollars in 4 months time.....

I think history always like to repeat itself

Cheers for those believers

cheongsl ( Date: 13-Sep-2013 07:06) Posted:

My target price is also around $2++, that is why I mention previously I vest for long terms

Really ya..if $2/=...huat liao ar!!!!......I stuck at $1.35....but ok la...collected many quater of dividend.....at least YZJ give good dividend.....

chinastar ( Date: 13-Sep-2013 10:58) Posted:

huat, huat ,huat......drink ah huat white kopi:)

cheongsl ( Date: 13-Sep-2013 07:06) Posted:

My target price is also around $2++, that is why I mention previously I vest for long terms

back to 1.085 :)

huat, huat ,huat......drink ah huat white kopi:)

cheongsl ( Date: 13-Sep-2013 07:06) Posted:

My target price is also around $2++, that is why I mention previously I vest for long terms.

samson ( Date: 12-Sep-2013 23:51) Posted:

forget about $0.98 is over . Yangzijiang will be all the way up to $2 by next year .

Yangzijiang Shipbuilding - Momentum picking up
The re-rating catalyst for YZJ is the potential for more shipbuilding orders,
backed by a sustained climb in the Baltic Dry Index. The BDI is supported by
the stronger steel production and macro fundamentals in China. The
heightened order momentum and FY15 delivery slots being quickly snapped up
suggest that YZJâ??s order drought has bottomed out. We like YZJ as it is one of
the last privately-owned Chinese shipyards with decent profitability. We keep
our Outperform rating and target price (based on 1.4x FY13 P/BV 1 s.d. below
its 5-year mean). The stock has the highest dividend yield of 4.8% among the
ship/rig builders.
â??CIMB

â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??â??

yes.... i like history....

devilman ( Date: 13-Sep-2013 10:50) Posted:

Good sharing, it on uptrend. But i cant predict price.

oldflyingfox ( Date: 13-Sep-2013 10:00) Posted:

Yes, long term uptrend has just started. :

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Cruising with the ship ..Yangzijiang

Dry Bulk Shipping - Will the capesize rally spread?

Written By Stock Fanatic on Friday, September 13, 2013 | 9/13/2013

Dry Bulk Shipping - Will the capesize rally spread?

Written By Stock Fanatic on Friday, September 13, 2013 | 9/13/2013

Dry Bulk Shipping - Will the capesize rally spread?

Written By Stock Fanatic on Friday, September 13, 2013 | 9/13/2013

Dry Bulk Shipping - Will the capesize rally spread?

Written By Stock Fanatic on Friday, September 13, 2013 | 9/13/2013