Why am I buying Yanzijiang and JES International now

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17 Jul 2013 14:30 #15102 by ZEN

Dear Forummers,

This is not a short term recovery. It takes times. If you have no urgent need for the cash, just buy and leave it there for the next 12 months.

Again, this is NOT a recommendation to buy. You buy at your own risk. If you make money, it is your credit.


MacGyver


you could had said so earlier

YZJ already tanked from around 96c from the time you posted and few months later down 15% at a low of 80c recently

buying at 80c is more appropraite

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17 Jul 2013 18:27 #15113 by Azzaramich
Always take que from Baltic Dry Index for shipping and shipbuilding stocks.

Baltic Dry Index to Recover From Lows: Expert
www.cnbc.com/id/46451998

Unfortunately, the recovery is painfully slow.
The following user(s) said Thank You: yeng, Val

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17 Jul 2013 22:16 - 17 Jul 2013 22:19 #15118 by greenrookie



MacGyver


you could had said so earlier

YZJ already tanked from around 96c from the time you posted and few months later down 15% at a low of 80c recently

buying at 80c is more appropraite


On hindsight, zen can say whatever he want. 马后炮.
Last edit: 17 Jul 2013 22:19 by greenrookie.

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18 Jul 2013 00:31 #15121 by MacGyver
Thank you Zen for your criticism.

As mentioned to all forummers previously, you take the risk and credit for the shares you purchased. It is not my responsibility to let you make or lose money.

I am happy with my position. I have no immediate need for the money and I don't watch the market every day.

I know my reasons why I bought these shares. To date, nothing has changed to alter my decision.

Good day to all.


Regards
MacGyver
The following user(s) said Thank You: Val

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18 Jul 2013 01:50 #15123 by Val
MacGyver, thank you. Are you talking about YZJ or JES, or both?

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22 Jul 2013 22:18 #15217 by Val
JES.

Negatives:

In 1Q2013, gross profit was only RMB6.3 m versus 45.1 m in 1Q2012.

@ net profit level, it was a lot of red ink at RMB92.5 m.

Positives:

13.8 cents stock currently, and JES is trading only at 0.5x Price to Book Ratio.

Net Gearing only 24% as at end of 1Q2013.

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