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Post by zuolun on Jun 5, 2014 13:31:30 GMT 7
I read 2 reviews on Yangzijiang written by 2 local brokering houses; one gave an extremely +ve rating while the other one rated the stock as fully-valued at current price. Guess why the former had rated so differently? Well, they needed to "toe the line" as the company and their HNW clients have vested positions on the stock, so that's nothing wrong with the FA now. What we read from those brokering house analysts's reviews on Yangzijiang are belated and 2nd hand news from China. There is a Chinese saying: 挂羊头卖狗肉。 Literally it means "Hanging sheep head, sell dog meat." 扬子江系幕后运作路径曝光 — 4 Jun 2014 Newyard Worldwide Holdings Ltd holds 26% Yangzijiang shares, the co. is owned by Ren Yuanlin and Xiang Jianjun at 70% and 30% respectively. Yangzijiang's Top 20 Substantial Shareholders as at 31 Dec 2013Yangzijiang's Major Substantial Shareholders as at 9 Sep 2011
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Post by zuolun on Jun 9, 2014 18:47:38 GMT 7
Yangzijiang — Bearish Diamond Top Breakout, TP S$0.88Yangzijiang closed unchanged with an inverted hammer @ S$1.02 with volume done at 5.87m shares on 9 Jun 2014. Immediate support @ S$0.985, immediate resistance @ S$1.06.
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Post by zuolun on Jul 21, 2014 10:37:14 GMT 7
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Post by zuolun on Mar 12, 2015 7:33:48 GMT 7
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Post by zuolun on May 20, 2015 23:36:28 GMT 7
YZJ ~ Bull Flag Breakout, interim TP S$1.58, next TP S$1.63YZJ closed at day's high with a white marubozu @ S$1.475 (+0.05, +3.5%) with high volume done at 25m shares on 20 May 2015. Immediate support @ S$1.44, immediate resistance @ S$1.52.
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Post by zuolun on May 21, 2015 23:48:52 GMT 7
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Post by zuolun on Jun 9, 2015 21:12:12 GMT 7
YZJ ~ Uptrend intactYZJ closed with a small hammer @ S$1.42 (+0.01, +0.7%) with 8.4m shares done on 9 Jun 2015. Immediate support @ S$1.385, immediate resistance @ S$1.42. YZJ ~ Bull Flag Breakout, interim TP S$1.58, next TP S$1.63YZJ closed with an inverted hammer @ S$1.505 (+0.03, +2%) with high volume done at 26.2m shares on 21 May 2015. Immediate support @ S$1.475, immediate resistance @ S$1.52.
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Post by zuolun on Jun 23, 2015 16:36:07 GMT 7
Yangzijiang downgraded to 'neutral' by Credit Suisse ~ Credit Suisse has downgraded Yangzijiang Shipbuilding to "neutral" from "outperform", citing limited upside to its $1.50 price target and concerns over earnings dilution as a batch of warrants issued in 2013 are due to expire in April next year. The shipbuilder issued 330 million warrants at 30.72 RMB cents each in February 2013. They can be converted into shares at a price of RMB6.60 ($1.42). "(The) warrants are likely to be a near-term overhang," Credit Suisse analysts Gerald Wong and Hwang Shih Huar wrote in a note. ~ 26 May 2015
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