Let's discuss and predict how low YZJ will dip after announced that arbitration proceedings were commenced at an arbitration tribunal in London by certain unnamed entities on June 10, 2022.
The claims are for 10 shipbuilding contracts valued at US$900 million and entered into between the group’s subsidiaries and the unnamed entities.
When YZJ announced it signed the P&A contract, The share price spiked up about 5-10%. [Surprised]
With the claim of up to USD 900m and the impacts of cancellation of the contract... YZJ will face selling pressures and revaluation. [Cry]
Estimate YZJ will fluctuate around 238-246 and 238-228 during Nov arbitration 2024.[Put]
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