Wednesday, September 11, 2013

Yangzijiang climbs on optimism orders will rise

Written by Bloomberg  
Wednesday, 11 September 2013 17:47
Yangzijiang Shipbuilding Holdings, China’s No. 2 private shipyard, jumped by the most since October 2011 as Credit Suisse Group AG and DBS Group Holdings raised their ratings on optimism orders will rise.

Yangzijiang climbed 6.1% to $1.04 at the close in Singapore. More than 54 million shares changed hands, six times the average trading volume in the past three months, according to data compiled by Bloomberg.

“With its strong financial position and low production cost, we expect Yangzijiang to benefit disproportionately from a recovery in newbuild orders,” Credit Suisse analysts Gerald Wong and Louis Chua wrote in a report today. The brokerage raised its rating to outperform from neutral and lifted its share-price forecast to $1.30 from $1.10.


Yangzijiang won US$1.2 billion ($1.52 billion) of orders so far this year and will likely reach $2 billion by year-end, according to the report. The company may win another US$2.5 billion of contracts in 2014, it said.

ORDERFLOW MOMENTUM
The orderflow is gaining momentum due to the low price for new vessels and increasing freight rates, DBS analyst Ho Pei Hwa wrote in a report today. The Baltic Dry Index, which measures the cost of shipping commodities from copper to corn, climbed 4.3% yesterday in London to the highest since January 2012.

“This will likely sustain in the coming three to six months given the current strong enquiry levels and optimism of shipping recovery,” Ho said. “A series of shipyard closures and/or capacity cuts in China is deemed positive.”

DBS raised its rating on Yangzijiang to buy from hold and increased its share-price forecast to $1.22 from $1.02.


Source/Extract/Excerpts/来源/转贴/摘录: http://www.theedgesingapore.com/
Publish date: 11/09/13

No comments:

Post a Comment

Warren E. Buffett(沃伦•巴菲特)
Be fearful when others are greedy, and be greedy when others are fearful
别人贪婪时我恐惧, 别人恐惧时我贪婪
投资只需学好两门课: 一,是如何给企业估值,二,是如何看待股市波动
吉姆·罗杰斯(Jim Rogers)
“错过时机”胜于“搞错对象”:不会全军覆没!”
做自己熟悉的事,等到发现大好机会才投钱下去

乔治·索罗斯(George Soros)

“犯错误并没有什么好羞耻的,只有知错不改才是耻辱。”

如果操作过量,即使对市场判断正确,仍会一败涂地。

李驰(中国巴菲特)
高估期间, 卖对, 不卖也对, 买是错的。
低估期间, 买对, 不买也是对, 卖是错的。

Tan Teng Boo


There’s no such thing as defensive stocks.Every stock can be defensive depending on what price you pay for it and what value you get,
冷眼(冯时能)投资概念
“买股票就是买公司的股份,买股份就是与陌生人合股做生意”。
合股做生意,则公司股份的业绩高于一切,而股票的价值决定于盈利。
价值是本,价格是末,故公司比股市重要百倍。
曹仁超-香港股神/港股明灯
1.有智慧,不如趁势
2.止损不止盈
成功者所以成功,是因为不怕失败!失败者所以失败,是失败后不再尝试!
曾淵滄-散户明灯
每逢灾难就是机会,而是在灾难发生时贱价买股票,然后放在一边,耐性地等灾难结束
  • Selected Indexes 52 week range

  • Margin of Safety

    Investment Clock

    World's First Interactive Investment Clock