YZJ Ship SGD

Finally, we are able to see a nice bullish bar today , up 3 cents to 88 cents + high bolume, looks rather positive!

With Dow trading +200 points , it seems that trade war has been temporary dissipated!

If the market sentiment improve, we may likely see YZJ moving up to retest 89.5 cents . Breaking out with ease + high volume that may propel to drive the price higher to 95 with extension to $1.00.

Not a call to buy or sell.

NAV of $1.29.

Dividend of 4.5 cents

The company has been aggressively buying back share from 86 to $1.00+. Looks like value is surfacing! 

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.