$YZJ Shipbldg SGD(BS6.SI)$ $2.-To The Moon - Tiger Brokers Online Investing Community - To The Moon

21
1
Favorite

Fistein
11-22 07:55

$YZJ Shipbldg SGD(BS6.SI)$ $2.5 is the support price, depending on the YZJ lawsuit hearings.

The first tranche of arbitration hearings in YZJ legal lawsuits are scheduled for November 2024.

YZJ Stock price may slide downwards due to retailer investors sell-off and the lawsuits settlement amount.

YZJ Shipbldg Shares Fall 3% on Arbitration Proceedings News

Yangzijiang Shipbuilding Holdings' shares dropped Monday morning following news of arbitration proceedings against three of the company's subsidiaries for alleged breach of contract.Shares of the Sing

YZJ Shipbldg Shares Fall 3% on Arbitration Proceedings News

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

21

Report

Comment（1）

Top
Latest

EricVaughan
·11-22 16:31
It's a tricky situation; those lawsuits could really shake investor confidence.
Reply
Like
Report

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":373528410861712,"tweetId":"373528410861712","gmtCreate":1732233324618,"gmtModify":1732263792335,"author":{"id":4166010875528092,"idStr":"4166010875528092","authorId":4166010875528092,"authorIdStr":"4166010875528092","name":"Fistein","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":6,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.07.30","individualDisplayEnabled":0},"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.23","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"}}],"fanSize":35,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p><a href=\"https://ttm.financial/S/BS6.SI\">$YZJ Shipbldg SGD(BS6.SI)$&nbsp;</a><v-v data-views=\"0\"></v-v> $2.5 is the support price, depending on the YZJ lawsuit hearings.</p>\n<p>The first tranche of arbitration hearings in YZJ legal lawsuits&nbsp;are scheduled for November 2024.</p>\n<p>YZJ Stock price may slide downwards due to retailer investors sell-off and the lawsuits settlement amount.</p></body></html>","htmlText":"<html><head></head><body><p><a href=\"https://ttm.financial/S/BS6.SI\">$YZJ Shipbldg SGD(BS6.SI)$&nbsp;</a><v-v data-views=\"0\"></v-v> $2.5 is the support price, depending on the YZJ lawsuit hearings.</p>\n<p>The first tranche of arbitration hearings in YZJ legal lawsuits&nbsp;are scheduled for November 2024.</p>\n<p>YZJ Stock price may slide downwards due to retailer investors sell-off and the lawsuits settlement amount.</p></body></html>","text":"$YZJ Shipbldg SGD(BS6.SI)$ $2.5 is the support price, depending on the YZJ lawsuit hearings. The first tranche of arbitration hearings in YZJ legal lawsuits are scheduled for November 2024. YZJ Stock price may slide downwards due to retailer investors sell-off and the lawsuits settlement amount.","highlighted":1,"essential":1,"paper":1,"likeSize":21,"commentSize":1,"repostSize":2,"favoriteSize":0,"link":"https://ttm.financial/post/373528410861712","repostId":2475047801,"repostType":2,"repost":{"id":"2475047801","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1728873060,"share":"https://www.laohu8.com/m/news/2475047801?lang=&edition=full","pubTime":"2024-10-14 10:31","market":"sg","language":"en","title":"YZJ Shipbldg Shares Fall 3% on Arbitration Proceedings News","url":"https://stock-news.laohu8.com/highlight/detail?id=2475047801","media":"Dow Jones","summary":"Yangzijiang Shipbuilding Holdings' shares dropped Monday morning following news of arbitration proceedings against three of the company's subsidiaries for alleged breach of contract.Shares of the Sing","content":"<html><head></head><body><p>Yangzijiang Shipbuilding Holdings&#39; shares dropped Monday morning following news of arbitration proceedings against three of the company&#39;s subsidiaries for alleged breach of contract.</p><p>Shares of the Singapore-listed shipbuilder were recently 3.2% lower at 2.42 Singapore dollars, after having slide as much as 8.0% to S$2.30 earlier--the lowest intraday level since Aug. 6.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b44c1acc2b8673d8277de372d2602b46\" tg-width=\"841\" tg-height=\"619\"/></p><p>Yangzijiang Shipbuilding said Saturday that the claims involve 10 contracts between the claimants and the three subsidiaries in November 2021 for the purchase of four vessels, and in December for the purchase of six vessels. The contracts were later terminated by the claimants in March and May of 2022, respectively, it said. The total value of the contracts is around US$900 million, the company added.</p><p>The claimants began arbitration proceedings regarding four vessels in June 2022 and six vessels in September 2022, alleging breach of contract, Yangzijiang Shipbuilding said.</p><p>The claims total roughly US$835 million, consisting of loss of bargain, loss of profits and payment refunds, the company said. Payments made by the claimants for the 10 contracts totaled US$3.32 million, the company added.</p><p>Yangzijiang Shipbuilding said it was told by its legal advisors that &#34;there were no merits in the claims and the claimants&#39; claims were highly improbable to succeed.&#34;</p><p>&#34;Substantive progress in the arbitrations was only made during the course of this year,&#34; Yangzijiang Shipbuilding said.</p><p>With the first phase of arbitration hearings scheduled for November 2024, the subsidiaries are working with legal advisors, the company added.</p><p>Given that the subsidiaries have &#34;reasonably good&#34; prospects of success, Yangzijiang Shipbuilding said the &#34;claims are not expected to have a material adverse impact&#34; on its financial position for the fiscal year ending December.</p><p>Luis Hilado, analyst at Citi Research, said &#34;the issue is likely to be an overhang on the stock and hence pose a short-term negative.&#34;</p><p>&#34;We await further color from management,&#34; he said in a note.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>YZJ Shipbldg Shares Fall 3% on Arbitration Proceedings News</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYZJ Shipbldg Shares Fall 3% on Arbitration Proceedings News\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-14 10:31</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Yangzijiang Shipbuilding Holdings&#39; shares dropped Monday morning following news of arbitration proceedings against three of the company&#39;s subsidiaries for alleged breach of contract.</p><p>Shares of the Singapore-listed shipbuilder were recently 3.2% lower at 2.42 Singapore dollars, after having slide as much as 8.0% to S$2.30 earlier--the lowest intraday level since Aug. 6.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b44c1acc2b8673d8277de372d2602b46\" tg-width=\"841\" tg-height=\"619\"/></p><p>Yangzijiang Shipbuilding said Saturday that the claims involve 10 contracts between the claimants and the three subsidiaries in November 2021 for the purchase of four vessels, and in December for the purchase of six vessels. The contracts were later terminated by the claimants in March and May of 2022, respectively, it said. The total value of the contracts is around US$900 million, the company added.</p><p>The claimants began arbitration proceedings regarding four vessels in June 2022 and six vessels in September 2022, alleging breach of contract, Yangzijiang Shipbuilding said.</p><p>The claims total roughly US$835 million, consisting of loss of bargain, loss of profits and payment refunds, the company said. Payments made by the claimants for the 10 contracts totaled US$3.32 million, the company added.</p><p>Yangzijiang Shipbuilding said it was told by its legal advisors that &#34;there were no merits in the claims and the claimants&#39; claims were highly improbable to succeed.&#34;</p><p>&#34;Substantive progress in the arbitrations was only made during the course of this year,&#34; Yangzijiang Shipbuilding said.</p><p>With the first phase of arbitration hearings scheduled for November 2024, the subsidiaries are working with legal advisors, the company added.</p><p>Given that the subsidiaries have &#34;reasonably good&#34; prospects of success, Yangzijiang Shipbuilding said the &#34;claims are not expected to have a material adverse impact&#34; on its financial position for the fiscal year ending December.</p><p>Luis Hilado, analyst at Citi Research, said &#34;the issue is likely to be an overhang on the stock and hence pose a short-term negative.&#34;</p><p>&#34;We await further color from management,&#34; he said in a note.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK6504":"工业制品概念","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","BK6519":"运输股","BK6065":"建筑机械与重型卡车","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","BK6088":"石油天然气设备与服务","BS6.SI":"扬子江船业","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","LU0082770016.SGD":"HSBC GIF ASIA EX JAPAN EQUITY SMALLER COMPANIES \"AD\" (SGD) INC","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","SG9999013478.USD":"利安新加坡股息基金","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU0164939612.USD":"HSBC GIF ASIA EX JAPAN SMALLER CO. \"AC\" ACC","LU0620787316.HKD":"HSBC GIF ASIA EX JAPAN EQUITY SMALLER COMPANIES \"AD\" (HKD) INC","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","LU0082770016.USD":"HSBC GIF ASIA EX JAPAN SMALLER CO. \"AD\" INC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2475047801","content_text":"Yangzijiang Shipbuilding Holdings' shares dropped Monday morning following news of arbitration proceedings against three of the company's subsidiaries for alleged breach of contract.Shares of the Singapore-listed shipbuilder were recently 3.2% lower at 2.42 Singapore dollars, after having slide as much as 8.0% to S$2.30 earlier--the lowest intraday level since Aug. 6.Yangzijiang Shipbuilding said Saturday that the claims involve 10 contracts between the claimants and the three subsidiaries in November 2021 for the purchase of four vessels, and in December for the purchase of six vessels. The contracts were later terminated by the claimants in March and May of 2022, respectively, it said. The total value of the contracts is around US$900 million, the company added.The claimants began arbitration proceedings regarding four vessels in June 2022 and six vessels in September 2022, alleging breach of contract, Yangzijiang Shipbuilding said.The claims total roughly US$835 million, consisting of loss of bargain, loss of profits and payment refunds, the company said. Payments made by the claimants for the 10 contracts totaled US$3.32 million, the company added.Yangzijiang Shipbuilding said it was told by its legal advisors that \"there were no merits in the claims and the claimants' claims were highly improbable to succeed.\"\"Substantive progress in the arbitrations was only made during the course of this year,\" Yangzijiang Shipbuilding said.With the first phase of arbitration hearings scheduled for November 2024, the subsidiaries are working with legal advisors, the company added.Given that the subsidiaries have \"reasonably good\" prospects of success, Yangzijiang Shipbuilding said the \"claims are not expected to have a material adverse impact\" on its financial position for the fiscal year ending December.Luis Hilado, analyst at Citi Research, said \"the issue is likely to be an overhang on the stock and hence pose a short-term negative.\"\"We await further color from management,\" he said in a note.","news_type":1},"isVote":1,"tweetType":1,"viewCount":562,"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":true,"length":252,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":373780158115944,"commentId":"373780158115944","gmtCreate":1732264281601,"gmtModify":1732277499616,"authorId":9000000000000597,"author":{"id":9000000000000597,"idStr":"9000000000000597","authorId":9000000000000597,"name":"EricVaughan","avatar":"https://static.tigerbbs.com/68b6583f2225af9e47d6576367702edb","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":373528410861712,"objectIdStr":"373528410861712","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"It's a tricky situation; those lawsuits could really shake investor confidence.","text":"It's a tricky situation; those lawsuits could really shake investor confidence.","html":"It's a tricky situation; those lawsuits could really shake investor confidence.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}