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US$7-b orderbook can break winter winds for 3 years. |
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Written by Sim Kih
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Wednesday, 12 November 2008
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 '1987 economic crisis brought us to Asia while 1997 crisis took us to Europe,' says executive chairman Ren Yuanlin. Photo by Sim Kih.
 ***Over 500 people read this within 48 hours!
CHINA’S FOURTH largest shipbuilder Yangzijiang announced stellar results yesterday (Tuesday).
Revenues for the first 9 months of 2008 grew 139% yoy to Rmb 5.5 billion while net profit grew 118% to Rmb 1.2 billion.
However, global shipbuilding orders have trickled to a mere 37 vessels last month, down 90% yoy.
Executive chairman Ren Yuanlin appears unfazed, as the Chinese yard’s full orderbook of US$7.3 billion prevents it from accepting new orders that call for delivery before 2011 anyway.
About 20 analysts and fund managers got an update yesterday from Yangzijiang's management on the shipyard’s risks and mitigation strategies.
Read: YANGZIJIANG: US$7-b orderbook to keep it busy till 2011 |
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Z-OBEE: From 34 cents to 5.5 cents |
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Written by Mephisto
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Tuesday, 11 November 2008
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 Photo by Mephisto.
ONE YEAR ago, its IPO price was 34 cents. Yesterday, its last done price was just 5.5 cents.
Z-OBEE’s market capitalization was S$27.4 million, which is about 35% of its NAV (15 Singapore cents).
It is trading at 2x FY2008 (March YE) earnings. Check out what this company does, and why it is riding on the potential of China’s mobile phone market.
Full article: Z-OBEE: Trading at 65% below Net Asset Value
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Written by Leong Chan Teik
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Monday, 10 November 2008
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 Full table inside.
AT 10-25% yields, Reits and shipping trusts are looking suspicious. If they are that attractive, something must be wrong with them. Indeed, they face refinancing risks and counterparty risks, among a slew of risks. But there is insider buying and fund buying too, as the table above shows.
Full article: REITS & SHIP TRUSTS: Bargains today because of uncertain tomorrow? |
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It will take me 2 years to earn it all back... |
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Written by Musicwhiz
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Sunday, 09 November 2008
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 Ezra has fallen 77% from a year ago.
ASSUMING A worst case scenario where I lose ALL my money in "high-risk" and new companies such as Ezra, Swiber and Pacific Andes/China Fishery (high gearing), it will be about a 60% permanent capital loss in my portfolio.
it will take me approximately 2 years to save and earn back all the capital which I would have lost. Since I am still young (early-30's), I think 2 years is a short time frame to be able to earn back what I've lost.
Full article: How I'm dealing with market woes |
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SC GLOBAL too cheap to resist? |
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Written by Leong Chan Teik
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Friday, 07 November 2008
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 Wheelock now has 63.2 m shares of SC Global.
ABOUT SIX months ago, the CEO of Wheelock Properties made an unusual apology to shareholders at the company's annual general meeting.
Reason: Wheelock bought a 10% stake in SC Global Developments at the peak of the property cycle last year.
Last month (Oct), Wheelock scooped up large quantities of SC Global shares. Was SC Global looking too cheap to resist?
Full article: SC GLOBAL: Loading up by major shareholders
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