Why am I buying Yanzijiang and JES International now

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24 Jul 2013 14:02 #15266 by yeng
Zen, did you buy Yangzijiang at 80 cents a few months ago? Now it's 93 cents liao. I have no idea why it's showing strength these couple of days. Market can be a bit siao. :-)

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24 Jul 2013 20:37 #15284 by darrickhancock
ship-building industry will not recover in near term. however, yangzijiang remains a good counter to buy as compared to its peer. i have bought 100000 shares at 0.97, and sold out 50000 at 1.35. glad that the share price is recovering now
The following user(s) said Thank You: Val

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25 Jul 2013 13:17 #15299 by Val
Congrats on the realised gain on YZJ, Darrick. What other stocks are you optimistic on?

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06 Aug 2013 01:03 #15512 by Val
BEIJING — China’s State Council has issued a three-year plan to upgrade and restructure its troubled shipbuilding industry through 2015, a further move to stabilise economic growth through reform, the official Xinhua news agency reported yesterday.

The sector faces “unprecedented, severe challenges” as a lack of new orders — due to weakness in the global shipping market — has exacerbated overcapacity in the industry, the news agency said, citing a government document. Concurrently, companies should be confident as “the potential in the domestic market remains relatively large”.

China, the world’s biggest shipbuilding nation, may see a third of its more than 1,600 shipyards shut down in about five years, according to Mr Wang Jinlian, head of the industry association. The sector is among those, including iron and steel, cement, electrolytic aluminium and flat glass, that must accelerate the phasing-out of overcapacity, according to a July 24 statement from the Ministry of Industry and Information Technology.

China Rongsheng Heavy Industries Group Holdings, the largest shipbuilder outside state control by order book, warned last month it had made a net loss in the first half, saying it was seeking financial support from the government and shareholders after a plunge in orders strained cash flow.

The company said on July 31 it would issue convertible bonds to raise a net HK$1.38 billion (S$226 million) for working capital and to support the development of its offshore engineering business.

The main focus of the State Council’s plan will be to accelerate innovation, strictly control new capacity, promote high-end products and stabilise the industry’s international market share with greater funding support, Xinhua said. Local authorities and agencies should formulate supporting policies and ensure the timely completion of targets, it added...


www.todayonline.com/business/china-issue...hipbuilding-industry

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05 Sep 2013 02:02 #15966 by greenrookie
YZJ announce another order win today.

In first two months of 2H2013, the Group had secured a total of eight (8) effective shipbuilding contracts with an aggregate value of US$0.214 billion. Year to date, a total of thirty five (35) shipbuilding contracts amounting to US$1.22 billion had come into effective.

As of the announcement day, the Group has a total of 51 options worth US$2.87 billion entered with its respective buyers, of which 22 options are for containerships worth US$1.79 billion and 29 options are for multi-purpose bulk carriers worth US$1.08 billion.

infopub.sgx.com/FileOpen/Announcement_20...cement&FileID=255140

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05 Sep 2013 15:02 #15970 by yeng
Deutsche Bank report today: "We have raised our FY13-15E net
income for YZJ on higher new orders; we raise our target price from SGD1.00 to SGD1.15 (upgrade to Buy) and we believe the potential exercise of 47 options worth USD2.54bn may drive the stock price in the coming quarters."

greenrookie, do u know about the US$2.54 bn options? How do they work ?

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