YZJ Shipbldg SGD    Last:2.87    -0.01

Cruising with the ship ..Yangzijiang

Yangzijiang Today will brake $0.95  ,

To reach $1 just few more step to go

 

 

Going up too fast...

I worry is not sustainable..

 

Full steam ahead please!!!!!

 

The buyer still going for china , due to price good

 

TTS signs contract for offshore cranes worth approx. 50 MNOK 22.07.2013

 

china  analysts said currently too many shipping and ship buildings in china about 3000 company will be close downs by end of this years .

some had no job in hands some had job but no profits lose money .

due to price wars ,they going for the lower price to life.

take loan from bank they are some problems for small and big private company in china.

so by end of this year may be 100 big and small company can cooks.

then the shipping price can went up

the news ship and repair price can went up . can make big money.

 

 

RPT-Banks raise bar on loans to China shipyards as Beijing targets overcapacity 24 Jul 2013 08:11

* Some banks demand more prudent ship construction contracts * Shipyards under stress from tightened cash flow - industry group * Financially sound shipyards expected to benefit from crisis By Rujun Shen and Ruby Lian SINGAPORE/SHANGHAI, July 23 (Reuters) - Banks have tightened lending to Chinese shipyards, putting more pressure on an industry that is already suffering from sluggish demand and a supply glut, as Beijing tries to cut excess capacity across a range of sectors. The financing squeeze is set to hit less established yards, but could strengthen bigger players such as Yangzijiang Shipbuilding Holdings YAZG.SI and South Korean rivals. Some banks have started asking for more prudent ship construction contracts before they grant loans and have withdrawn loan approval rights given previously to branches, industry and banking sources told Reuters. They are asking the yards to get clients to put upfront payments of at least 15 percent now in order to get loans, said an executive at a large Chinese shipyard, who did not want to be identified as he was not authorised to speak to the media. Some yards had offered generous terms to shippers, requiring payments upfront of as low as 1 percent. In some cases the banks are also cutting credit lines and moving to recover outstanding loans, said the China Association of the National Shipbuilding Industry. "As the shipbuilding market remains depressed, banks and other financial institutions have listed shipbuilding as a key industry for credit control," the association said in a comment on its website posted on July 18. (www.cansi.org.cn) An executive at a private shipyard in eastern China said banks had demanded yards charge as much as 30 percent in upfront payments from their clients. State-owned shipbuilders, though, could get easier credit terms, the executive added. The bank measures come as China's cabinet said this month it would cut off credit to force consolidation in industries plagued with overcapacity. This was shortly after China Rongsheng Heavy Industries Group 1101.HK , the country's largest private shipbuilder, fell into financial turmoil. ID:nL3N0FA37M ID:nL3N0FB1EC Beijing did not specify then the industries it had in mind, though in 2009 it named nine, including shipbuilding. Industry sources said neither the banking regulator nor any central government agency had issued new rules on tightening lending to shipyards or other industries. China rivals South Korea as the world's top shipbuilder, though the ships built in China are mostly of lower value and less complex technologically. This has forced Chinese yards to compete on price and financing terms for orders that have slowed to a trickle since the global financial crisis. At the end of May, the orderbook of Chinese yards stood at $68.5 billion, second to South Korea's $102.5 billion, even though China's orderbook in tonnage terms exceeded South Korea's, data from Clarkson Research Services Limited showed. "The goal is to gradually cut down the credit but not to kill all of them at one go," said a banking source, who did not want to be named due to the sensitivity of the matter. "As the economy is not doing well, banks aren't willing to lend as much anyway." The size of outstanding loans at shipyards is unclear, but many banks are involved in handing out these loans, including top commercial banks such as Industrial and Commercial Bank of China (ICBC) 601398.SS , China Construction Bank 601939.SS , Agricultural Bank of China 601288.SS , Bank of China Ltd 601988.SS and Bank of Communications 601328.SS . ICBC declined to comment on lending to shipyards when contacted by Reuters. Other banks could not be reached immediately. DELAYED PAYMENTS TO STAFF, SUPPLIERS Total profit from the 1,647 Chinese shipyards whose core business revenue exceeded 20 million yuan slumped 29.1 percent on the year to 28.8 billion yuan ($4.69 billion) in the first 11 months of 2012, according to industry association data. "Affected by banks' restriction on loans, shipyards are facing tight working capital and difficulty in purchasing raw materials and equipment, which results in increasing phenomenon of delayed payment to suppliers and staff," the association said. But the Export-Import Bank of China, a policy bank and an active player in shipping finance, said it had not changed its criteria for funding ship construction recently. "We will continue to support qualified clients," said Chen Bin, deputy general manager of the bank's transport finance department. Ex-Im Bank had about $13 billion in outstanding shipping loans in May, up 30 percent from the end of 2011, Chen said earlier this year. Despite China Rongsheng's troubles, large and financially sound yards in China, as well as yards with a good track record outside China, are expected to benefit, analysts said. "It depends on the conditions at your shipyard. Well-run companies don't have any problem," said Ren Yuanlin, chairman of Yangzijiang Shipbuilding, when asked if the company has facing tightening credit. Singapore-listed Yangzijiang has won new orders worth $1 billion so far this year. ($1 = 6.1413 Chinese yuan)

 

compareation of HPH and Yangzijiang

HPH is the ports , when shipping line recovery then got profits. no now lah

Yangzijiang are the big  ship Builder and repair in china they make money

 

 

Today Yangzijiang will be some profits taking .

due to  ship run out of gas.

but still can hold tie  above $0.915 support  points 

 

 

 

Cosco is very cheap compare with Yangzijiang.

Cosco will make more money for us than Yangzijiang.

samson      ( Date: 23-Jul-2013 23:03) Posted: Today Yangzzijiang just start to move only. fund managers just start to buy in and we can some people selling out ( 0.85-0.92 ) may be by next weeks will reach $1 . they call big caps : keep corp now $10.78 , secm  $4.54 they call small caps  small  : cosco $0.755 , Yangzijiang $0.915 china  bank  money no problems , and hong kong when up 2.33% and in 30 may - june yangzi jiang and cosco drop is due to china bank problems. now the sky is clear . and they are still profits and top 10 in the china both stock are below $1 .when shipping and ship builder  markets  pick up by next years . both back to $2 and above.

 

" The bank measures come as China's cabinet said this month it would cut off credit to force consolidation in industries plagued with overcapacity. "

http://www.reuters.com/article/2013/07/23/idUSL4N0FP0HT20130723 

  Once the small fries are purged out, what's left will be a handful of giants controlling the market. Margins will rise. 

 

Today Yangzzijiang just start to move only. fund managers just start to buy in and we can some people selling out ( 0.85-0.92 )

may be by next weeks will reach $1 .

they call big caps : keep corp now $10.78 , secm  $4.54

they call small caps  small  : cosco $0.755 , Yangzijiang $0.915

china  bank  money no problems , and hong kong when up 2.33%

and in 30 may - june yangzi jiang and cosco drop is due to china bank problems.

now the sky is clear .

and they are still profits and top 10 in the china

both stock are below $1 .when shipping and ship builder  markets  pick up by next years .

both back to $2 and above.

 

 

 

Don't think so as there are a few resistances at $0.9x, should take a while to clear. Most important is the direction maintain upward.

 

possible to touch $1 in a day? :)

 

 

 

We r all very happy too.

Cheers to all  :)

 

think Cosco will be catching up(more rms to go higher). Yzj may pause then go up to fill up the gap 94.5 cents.

 

Wah 0.915! Will be interesting to see how it goes tmr:)

 

Impressive..... can celebrate.....

Flyordie      ( Date: 23-Jul-2013 17:00) Posted: In June, I sold 50 lots of HPH S$ @ 0.97 and bought 60 lots YJZ @0.8. Today i sold 60 lots YZJ @0.92, and bought back 50 lots of   HPH S$ @ 0.97. Profit aroung S$6300. 16:50:36 0.920 3,000 Bought from Seller 16:50:07 0.920 4,000 Bought from Seller 16:50:07 0.920 95,000 Bought from Seller 16:49:59 0.920 4,000 Bought from Seller 16:49:09 0.920 2,000 Bought from Seller 16:48:54 0.915 10,000 Sold to Buyer 16:48:53 0.920 1,000 Bought from Seller 16:48:53 0.920 49,000 Bought from Seller   Still left around 100 lots YZJ average price S$0.94.

 

to invest in ship builder market , you must know the company you choice they are good is the market and the ceo also the gov ,and fund manager will supports

had contracts and make money . mid caps

the profits   returns about 10 -20 %

 

In June, I sold 50 lots of HPH S$ @ 0.97 and bought 60 lots YJZ @0.8.

Today i sold 60 lots YZJ @0.92, and bought back 50 lots of   HPH S$ @ 0.97.

Profit aroung S$6300.

16:50:36	0.920	3,000	Bought from Seller
16:50:07	0.920	4,000	Bought from Seller
16:50:07	0.920	95,000	Bought from Seller
16:49:59	0.920	4,000	Bought from Seller
16:49:09	0.920	2,000	Bought from Seller
16:48:54	0.915	10,000	Sold to Buyer
16:48:53	0.920	1,000	Bought from Seller
16:48:53	0.920	49,000	Bought from Seller

 

Still left around 100 lots YZJ average price S$0.94.