28-06-2013, 08:30 AM
Yangzijiang update:
Yangzijiang has win orders for 9 boat barge orders.
www.yzjship.com/en_newsinf.asp?id=952
China stimulus for shipping industry coming!
www.sinoshipnews.com/news_content.php?fid=3w3c1526
How come YZJ does not need to annouce throu the sgx about the order wins???
YZJ is performing worse than STI, which I guess is mainly due to the risk involved with HTM and recent china squeeze on money to flush out shadow finance.
MOre than half of its HTM is generating interest rate of more than 12%, and about 1/6 of it HTM is above 18%.
Kinda of scary regarding the fate of these 1/6 of the HTM and to a lesser extent half of the HTM.
Assuming half of the higher interest HTM need to be impared, it will be 3 billion, slightly less than 20% of net assets.
(closely monitoring but vested and accumulating : Very biased)
Yangzijiang has win orders for 9 boat barge orders.
www.yzjship.com/en_newsinf.asp?id=952
China stimulus for shipping industry coming!
www.sinoshipnews.com/news_content.php?fid=3w3c1526
How come YZJ does not need to annouce throu the sgx about the order wins???
YZJ is performing worse than STI, which I guess is mainly due to the risk involved with HTM and recent china squeeze on money to flush out shadow finance.
MOre than half of its HTM is generating interest rate of more than 12%, and about 1/6 of it HTM is above 18%.
Kinda of scary regarding the fate of these 1/6 of the HTM and to a lesser extent half of the HTM.
Assuming half of the higher interest HTM need to be impared, it will be 3 billion, slightly less than 20% of net assets.
(closely monitoring but vested and accumulating : Very biased)