Yangzijiang Financial Holding

[CY09]

Compared to the Ping An and China banks, YZJFH is weaker in terms of profits. Firstly, it has most of its investments in the shadown banking tier 2 type of clients. This puts their NPL at unreasonably high levels compared to the strong financial comparables.

Hence, if it is indeed true, I dont see much upside from its current share price

[Squirrel]

Compared to the Ping An and China banks, YZJFH is weaker in terms of profits. Firstly, it has most of its investments in the shadown banking tier 2 type of clients. This puts their NPL at unreasonably high levels compared to the strong financial comparables.

Hence, if it is indeed true, I dont see much upside from its current share price

I don't agree with your views. Ping An and China banks are leveraged while YZJ FH is debt free. It makes a world of difference in term of balance sheet strength which give protection to the downside.

A ten percent write down in Ping An's or China Construction Bank's asset value would wipe out its equity. YZJ FH would do well still even if 30% of its asset values are written off.

I really don't get why China Banks and Ping An are always compared to YZJ FH. The leverage in itself is really important especially when asset valuations are cast in doubt.

As long as investors still harp on comparing PB ratios of China Banks/Ping An or asset quality vs YZJ FH, I would remain of the opinion that YZJ FH is undervalued.

[Squirrel]

Did anyone attend the AGM today? I couldn't make it. Would be really grateful if anyone that had attended it could let us know what transpired?

[Yoyo]

Did anyone attend the AGM today? I couldn't make it. Would be really grateful if anyone that had attended it could let us know what transpired?

Hi Squirrel

Sharejunction members pkli899 and Yibaol have shared the happening at the YZJFH AGM and their observation as below
https://www.sharejunction.com/sharejunct...0rewarding

PS:  Not sure if I am allowed to direct traffic to another forum, if not allowed, my apology.