Yangzijiang - Unloading Action Detected!

Rich
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Elite Member

12 years 9 months ago #6832 by Rich

Replied by Rich on topic Re:Yangzijiang - buyback trigger tmrw?

Dear Mr Yangzijiang, tmrw after u let go yr 2Q results, u r not restrained any more from any buyback action. U should do the necessary to signal to the market that your stock is worth much more.

First, yr 2Q results should be good. Next, u should fire with the missiles at yr disposal. How about buying 1 m shares of yourself?

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pine
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12 years 9 months ago #6849 by pine

Replied by pine on topic Re:Yangzijiang - Target $2, according to Credit Suisse

Better than expected profit numbers from Yangzijiang. Credit Suisse this morning said: "We maintain our OUTPERFORM rating and target price of S$2.00. On 2011E P/E of 6.5x, Yangzijiang is trading at a 30% discount to regional peers."

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Joes
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12 years 8 months ago #6928 by Joes

Replied by Joes on topic Re:Yangzijiang - Unloading Action Detected!

Looks cheap on valuation basis even though the world is trembling. LOL.

Recently closed at 97 cents --- Yangzijiang would b trading at 2011E P/E of 5.5x and P/B of 1.7x .

Credit Suisse is expecting a corporate share buyback soon.

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yeng
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12 years 8 months ago #6945 by yeng

Replied by yeng on topic Re:Yangzijiang - Unloading Action Detected!

DONG Ye Zong, the managing director of Cosco (Zhoushan) Shipyard Group Co Ltd, a unit of Cosco Corporation (Singapore), bought 60,000 shares in the Singapore-listed firm last Friday. He bought the Cosco Corporation (S) shares at 99.5 cents apiece - a low that the stock had not seen since April 2009.

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ethan999
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Senior Member

12 years 8 months ago #6946 by ethan999

Replied by ethan999 on topic Re:Yangzijiang - Chairman bought 2 million shares

Actually this is nothing compared to Yangzijiang's chairman Ren Yuanlin, who has bought about 2.2 million shares in Yangzijiang over the last few weeks. Yangzijiang Director Yu Kebing has also bought 300 thousand shares.
In addition to low valuations, Yangzijiang has 7.2 billion rmb in cash, while the management keeps buying.
For many well-run companies, P/E levels are now not much higher than March 2009 lows, because earnings have doubled or more since then.

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Dongdaemun
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12 years 8 months ago #6948 by Dongdaemun

Replied by Dongdaemun on topic Re:Yangzijiang - when share buybk?

ethan999, i agree that it is significant. What shareholders would like to see is the cash hoard being applied to a sustained, daily share buyback. YZJ has been slow to carry out this.

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