To The Moon

May seems to have been a gloomy month for the Singapore market. Day after day, the STI seems to slide further. However, some star stocks have been gaining steadily, even in these times. 

My recommendation for today is $YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$. 

Some might notice that in late April, YZJ's share price plummeted, from about $1.50 per share to just $0.80-$0.90 per share. Why?

In April, YZJ split its operations, with the current $YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$ continuing with the shipbuilding and marine industry that it has been involved in for years. An investing arm of YZJ spun off, to form the new $YZJ Fin Hldg(YF8.SI)$. Shareholders of YZJ received 1:1 shares in the new arm, which aims to eventually be the leader in its field in Asia Pacific. 

Yesterday, YZJFH's share price shot up by over 9%. $YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$ , on the other hand, has been regarded as the more stable stock of the two. Over the past weeks, even as most Singapore stocks lost value, YZJ Shipbuilding has been steadily increasing in price, adding a few percent per day. 

Analysts expect YZJ Shipbuilding to increase in value now that it has divested the investments and financial part of its operations, and can concentrate on what it has always done best. 

Even as the market is red, I expect YZJ Shipbuilding to continue gaining for some time. 

@Daily_Discussion