YZJ Ship

A nice rebound has taken place after hitting the low of 90 cents and rises to touch $1.04.
It has since taking a breather and it may likely retest the critical level at 1.00.

Breaking down of $1.00 would be rather bearish and may likely see further selling down pressure.
Immediate resistance is at 1.04 and the next resistance level is at 1.08.
The support would be at 95.5 follow-by 90 cents.

Not a call to buy or sell.

Please do your own due diligence.



30 May 2018

Dow jumps more than 300 points after banks rebound; small caps hit new record.

The company bought back 5m share at 90-91.5 cents, looks like we may see a strong rebound today especially with Dow gaining 300+ points overnight.

• The Dow Jones industrial average rose more than 300 points, with Boeing, Chevron and Home Depot leading the blue-chip stocks higher. The Russell 2000 hit a new high.
• The euro recovers much of its previous losses with a 1.1 percent climb against the greenback to $1.166.
• An uptick in rates push the big banks upward, with Goldman Sachs, J.P. Morgan, Citigroup, Morgan Stanley, Bank of America and Wells Fargo all finishing up more than 1 percent.
• Crude oil futures settled higher Wednesday, with West Texas Intermediate (WTI) up $1.48, or 2.22 percent. (Cnbc.com)

Chart wise, we have witnessed the price Gap down from 95 cents to touch the low of 90 cents . It has manage to bounce-off from this level and closed higher at 92.5 cents .



Looks like we are seeing a hammer shape candlestick bar is appearing on the chart, seem like bull is able to take control of the situation.

Short term wise, we may likely see a reversal play taking place it it is able to overcome 97.5 cents and rises back to $1.00 and above .

Not a call to buy or sell.

Please do your own due diligence.

NAV of $1.29.
Dividend of 4.5 cents

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.