Set Sail With Yangzijiang As It Jumps 15% Today!
๐๐๐Wow! I am so happy to see $YZJ Shipbldg SGD(BS6.SI)$
Yangzijiang has just announced that it posted first half year profit to more than USD 426 million, up an impressive 77% while revenue rose 15% on higher shipbuilding activity and better shipping charter rates.
Yangzijiang added orders worth USD 8.5 Billion, bringing its order book to a new high of USD 20.2 billion for 224 vessels. This will keep its shipyards busy until mid 2028.
I have invested in Yangzijiang when it was trading as low as SGD 1.37 and held onto it until now. On top of that in March 2022, I have received a dividend in specie of one $YZJ Fin Hldg(YF8.SI)$ share for each Yangzijiang share I own. Yangzijiang Financial is also up 4% today and in the past 5 trading days, it has risen 9%.
I hope that Yangzijiang Shipbuilding will continue to grow exponentially and reach SGD 3.00 by the end of 2024.
Both Yangzijiang Shipbuilding and Yangzijiang Financial pay dividends. The current dividend yield is 2.40% for Yangzijiang Shipbuilding and 6.2% for Yangzijiang Financial.
As Warren Buffett likes to say Buy Wonderful Companies at Fair Price and his favourite holding period is forever.
Go Long Go Strong Go Yangzijiang! ๐๐๐๐๐๐๐๐๐๐ฐ๐ฐ๐ฐ
@TigerStars @Tiger_comments @Tiger_Earnings @CaptainTiger @MillionaireTiger @Tiger_SG
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This stock mite be worth a look everyone
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Great article, would you like to share it?
Great article, would you like to share it?