$YANGZIJIANG SHIPBLDG HLDGS LT

Evergrande debt implication on YZJ

YZJ has limited disclosure on its debt investments. So there is no information showing YZJ actually held Evergrande Debt

Analysis from public available information

Source: YZJ 1H Financial Result

Total Debt amortised at cost:

10,907,170+5,719,110=16,626,280

Debt investment as a percentages of total asset:

16,626,280/47,334,191 = 35%

This means that if all YZJ debt investment get wipe out, 35% of its assets will be gone

Concern about Real Estate debt default.

About 41% of its debt investments were from real estate sector.

0.41 x 16,626,280 = 6,816,774.8

Real estate debt investment as a percentage of total asset:

6,816,774.8/47,334,191 =14.4%

This means that if all YZJ real estate related debt investment get wipe out, 14.4%% of its assets will be gone.

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Comments

浩9
2021-09-20
浩9
DBS verification with YZJ

We verified with management that Yangzijiang has no direct exposure to Evergrande.
浩9
2021-09-24
浩9
Management clarification: Real estate debt exposure left 26%
pigskin
2021-09-20
pigskin
Thanks for sharing
Nana_seven
2021-09-20
Nana_seven
Great sharing!

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So there is no information showing YZJ actually held Evergrande DebtAnalysis from public available informationSource: YZJ 1H Financial ResultTotal Debt amortised at cost:10,907,170+5,719,110=16,626,280 Debt investment as a percentages of total asset:16,626,280/47,334,191 = 35% This means that if all YZJ debt investment get wipe out, 35% of its assets will be gone Concern about Real Estate debt default.About 41% of its debt investments were from real estate sector.0.41 x 16,626,280 = 6,816,774.8 Real estate debt investment as a percentage of total asset:6,816,774.8/47,334,191 =14.4%This means that if all YZJ real estate related debt investment get wipe out, 14.4%% of its assets will be gone.<img src=\"https://static.tigerbbs.com/f82eabea487697dbe322c46a8f809da3\" tg-width=\"1080\" tg-height=\"1809\"><img src=\"https://static.tigerbbs.com/1eb2cb36513baa559e62da713682ba21\" tg-width=\"1080\" tg-height=\"732\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://laohu8.com/S/BS6.SI\">$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$</a>Evergrande debt implication on YZJ YZJ has limited disclosure on its debt investments. So there is no information showing YZJ actually held Evergrande DebtAnalysis from public available informationSource: YZJ 1H Financial ResultTotal Debt amortised at cost:10,907,170+5,719,110=16,626,280 Debt investment as a percentages of total asset:16,626,280/47,334,191 = 35% This means that if all YZJ debt investment get wipe out, 35% of its assets will be gone Concern about Real Estate debt default.About 41% of its debt investments were from real estate sector.0.41 x 16,626,280 = 6,816,774.8 Real estate debt investment as a percentage of total asset:6,816,774.8/47,334,191 =14.4%This means that if all YZJ real estate related debt investment get wipe out, 14.4%% of its assets will be gone.<img src=\"https://static.tigerbbs.com/f82eabea487697dbe322c46a8f809da3\" tg-width=\"1080\" tg-height=\"1809\"><img src=\"https://static.tigerbbs.com/1eb2cb36513baa559e62da713682ba21\" tg-width=\"1080\" tg-height=\"732\"></body></html>","text":"$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$ Evergrande debt implication on YZJ YZJ has limited disclosure on its debt investments. So there is no information showing YZJ actually held Evergrande Debt Analysis from public available information Source: YZJ 1H Financial Result Total Debt amortised at cost: 10,907,170+5,719,110=16,626,280 Debt investment as a percentages of total asset: 16,626,280/47,334,191 = 35% This means that if all YZJ debt investment get wipe out, 35% of its assets will be gone Concern about Real Estate debt default. About 41% of its debt investments were from real estate sector. 0.41 x 16,626,280 = 6,816,774.8 Real estate debt investment as a percentage of total asset: 6,816,774.8/47,334,191 =14.4% This means that if all YZJ real estate related debt investment get wipe out, 14.4%% of its assets will be gone.","highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/884863512","repostId":0,"isVote":1,"tweetType":1,"viewCount":1280,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["BS6.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":709,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":5932392,"commentId":"5932392","gmtCreate":1632129577456,"gmtModify":1663234149241,"authorId":3555112825936223,"author":{"id":3555112825936223,"idStr":"3555112825936223","authorId":3555112825936223,"name":"浩9","avatar":"https://static.tigerbbs.com/7bc7b481e1d58a8328e34f3d71a30593","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":884863512,"objectIdStr":"884863512","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"DBS verification with YZJ\n We verified with management that Yangzijiang has no direct exposure to Evergrande.","text":"DBS verification with YZJ\n We verified with management that Yangzijiang has no direct exposure to Evergrande.","html":"DBS verification with YZJ\n We verified with management that Yangzijiang has no direct exposure to Evergrande.","likeSize":4,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":5983370,"commentId":"5983370","gmtCreate":1632484920859,"gmtModify":1663234391747,"authorId":3555112825936223,"author":{"id":3555112825936223,"idStr":"3555112825936223","authorId":3555112825936223,"name":"浩9","avatar":"https://static.tigerbbs.com/7bc7b481e1d58a8328e34f3d71a30593","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":884863512,"objectIdStr":"884863512","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Management clarification: Real estate debt exposure left 26%","text":"Management clarification: Real estate debt exposure left 26%","html":"Management clarification: Real estate debt exposure left 26%","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":5929515,"commentId":"5929515","gmtCreate":1632105704182,"gmtModify":1634791674653,"authorId":3581584988394700,"author":{"id":3581584988394700,"idStr":"3581584988394700","authorId":3581584988394700,"name":"pigskin","avatar":"https://community-static.tradeup.com/news/e5149cb2df090197cc85ebbf9a56df86","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":884863512,"objectIdStr":"884863512","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Thanks for sharing","text":"Thanks for sharing","html":"Thanks for sharing","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":5928453,"commentId":"5928453","gmtCreate":1632100331166,"gmtModify":1663234133335,"authorId":3575673754947065,"author":{"id":3575673754947065,"idStr":"3575673754947065","authorId":3575673754947065,"name":"Nana_seven","avatar":"https://static.tigerbbs.com/cbfa864cf0a3b766b4090b0ad3b67e69","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":884863512,"objectIdStr":"884863512","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Great sharing! 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