To The Moon

We have seen $YZJ Shipbldg SGD(BS6.SI)$ having a good week, with its share price rose 3.6% to close at $1.75 after their annual results release.

Yangzijiang Shipbuilding (Holdings) reported CN¥24b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of CN¥1.04 beat expectations, being 8.4% higher than what the analysts expected.

From looking at how YZJ have traded from technical analysis, we could see that they have been trading above the 50 day MA period for more than 50 trading sessions, with the 8.4% estimate beat in earnings.

There will be much more potential for YZJ, I would be closely monitor and enter this trade.

YZJ ADX have just gone above 30 indicating a developing trend and with the +DI above -DI, suggesting a bullish upside. There is potential that there will be more price upside move.

There have been more demand for ships though ships deliveries have declined. There should be more demand in vessel building thanks in part to a climate-related regulatory push globally, with stricter policies likely to drive vessel replacements of those currently noncompliant. In 2023, Yangzijiang Shipbuilding secured 97 new orders worth US$7.1 billion, with over half for alternative-fuel vessels.

We can see that YZJ RSI just hit the overbought region and this should gather some buying sentiment from traders and investors alike.

There will be potential for more upside move.

Summary

Due to the higher demand, I believe YZJ is poised to gain from the demand as prime beneficiary of [a] multi-year uptrend of shipbuilding cycle, driven by clean-fueled fleet rejuvenation.

Appreciate if you could share your thoughts in the comment section whether you think YZJ would be able to give a higher price upside given their benefit from shipbuilding cycle.

@TigerStars @Daily_Discussion @Tiger_Earnings @TigerWire appreciate if you could feature this article so that fellow tiger would benefit from my investing and trading thoughts.

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.