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13 years 3 weeks ago - 13 years 3 weeks ago #7272 by blancfable
The share buyback program by the company definitely build confidence for investors. Therefore, a 10% increase is not a surprise.
However, SIA or Ho Bee who have been doing share buybacks, it only brought temporary relief to the share prices. Right now, both companies's overall share buybacks are higher than the current prices. Though, do note that SIA did some share buybacks at below 11 dollars.
Last edit: 13 years 3 weeks ago by blancfable.

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13 years 3 weeks ago - 13 years 3 weeks ago #7291 by Joes
Replied by Joes on topic Re:Yangzijiang - 91 cents
[url=http://www.nextinsight.net
/story-archive-mainmenu-60/912-2011/4407-yangzijiang-]'Average down YANGZIJIANG', 'buy BIOSENSORS, LIAN BENG' [/url]

The AmFraser analyst who urged investors to average down on YZJ just 1 week ago deserves a pat on his back. Now, YZJ is 91 cents.
Last edit: 13 years 3 weeks ago by Joes.

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13 years 2 weeks ago #7298 by yeng
Replied by yeng on topic Re:Yangzijiang - 93.5 cents
+4.5 cents now to 93.5 cents. This big fish got away from me.... sigh

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13 years 2 weeks ago - 13 years 2 weeks ago #7328 by Val
Replied by Val on topic Re:Yangzijiang - 97 cents
97 cents now! Goes to show that the market can be over-fearing about something that is insignificant. Business Times article recently has just jumped on the bandwagon.
Singapore-listed Yangzijiang Shipbuilding  < YAZG.SI > in focus after the company addressed investor concerns about its exposure to informal lending and corporate failures in China.
 Yangzijiang said to date, it had invested around 247.5 million yuan ($38.8 million) in two  micro-financing entities,  which accounted for less than 3 percent of the group's net tangible assets as at June 30. The company has not experienced any default of its investments in financial assets since 2008, it added.
Last edit: 13 years 2 weeks ago by Val.

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12 years 11 months ago #7491 by Joes
Stock is in tight trading range 90 cts -$1. Closing price on Friday was 95.5 cents. Weak shipping rates have dampened sentiment for shipbuilders like YZJ.

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12 years 11 months ago #7511 by pine
Yangzijiang’s quarterly earnings crosses billion mark and at record high of RMB1.02 billion for 3Q2011


* Earnings grew 40% in 3Q2011 with more of higher margin vessels delivered and 156% growth in other gains
* Revenue up 12% to RMB3.46 billion in 3Q2011 as the Group delivered total of 19 vessels against 14 vessels in 3Q2010
* The order book stood at 114 vessels worth US$5.3 billion as at 30 September 2011

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