$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$I believe some YZJ shipbuilding investors will have similar negative P&L positions ever since the YZJ financial arm spin-off happened. It's not a call for concern at least for me as investors are given "free" shares of YZJ financial when it got listed.
So how is YZJ shipbuilding doing so far? In the recent earnings report, it has annouced great results. It has more than 60% increase YoY for its revenue as the company delivered a record number of vessels.
What about YZJ financial? Unfortunately, the spinoff hasn't been coping that well. It has just announced its earnings yesterday, and its profit fell by around 30% in H1 2022. This is largely due to fair value losses from weakened markets.
All in all, the parent YZJ shipbuilding company seems to be on track to achieve greater results in 2022 but analysts are sitting on the sidelines for its financial spin off.
Invest safe!
@TigerStars@Daily_Discussion@CaptainTiger@MillionaireTiger
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