It has gone down to touch 1.10 on 4 April whereby a rebound has been triggered and rises higher to $1.26 on 20 April.
It has again failed to hold up above $1.20 level and continue to slide down to $1.07 today - 18 May.
From TA point of view, it is rather bearish. Looks like it may go down to $1.00 . Breaking down of $1.00 may head lower to 90 cents level.
Nav of 1.29.
Dividend of 4.5 cents.
Yield is about 4.25%.
PE is about 6.9x.
From FA wise, looks like value is surfacing!
Not a call to buy or sell.
Please do your own due diligence.
Yangzijiang Shipbuilding (Holdings) Ltd., an investment holding company, operates in the shipbuilding activities. The company operates through Shipbuilding, Investments, Trading, and Others segments. It produces a range of commercial vessels, such as containerships, dry bulk carriers, oil tankers, and liquefied natural gas (LNG) carriers. The company also engages in the production and processing of steel structures. In addition, it facilitates the sale and export of ships for the ship builder; trades in ship related equipment and shipbuilding related materials/supplies; provides microcredit to enterprises and individuals; invests in held-to-maturity financial assets; and supplies marine equipment and materials. Further, the company is involved in the ship demolition and vessel owning activities. It primarily serves ship owners in the United States, Canada, the United Kingdom, Germany, France, Greece, Norway, Argentina, Turkey, Bulgaria, Poland, Australia, Japan, South Korea, Singapore, India, Thailand, Bangladesh, Mainland China, Hong Kong, Taiwan, etc. The company was founded in 1956 and is headquartered in Jingjiang, China.
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