Yangzijiang - My Stocks Investing

Yangzijiang: Bull is Missing!

Post author:Marubozu
Post published:February 21, 2011

Yangzijiang current chart shows that Bull is Missing for this China ship building stock. The following bearish signs are observed:

Yangzijiang has formed a Multiple Tops.
Yangzijiang has broken the short term up trend support (red line). This up trend support has since tured to resistance.
Yangzijiang is unable to break the 20D MA resistance.
A “Lower Low, Lower High” chart pattern is observed in Jan 2011 to Feb 2011.

Next immediate support is $1.86 followed by the long term uptrend support (green line) which close to the 200D MA and 78.6% Fibonacci Retracement Level.

COSCO PK Yangzijiang: Which one is Better?

Post author:Marubozu
Post published:September 12, 2010

Comparison from Fundamental Perspective

COSCO is clearly overvalue from current PE and rolling PE perspective. Current COSCO stock price is way too expensive compares to Yangzijiang and compares to COSCO’s PE in FY2007 and FY2008.
Yangzijiang current PE of 12.38 and rolling PE of 11.41 are still below the past 3 years average PE.
In terms of Net profit margin, Net Operating Cash Flow, ROA and ROE, Current Ratio, Debt to Equity Ratio, Yangzijiang is a much better performer compares to COSCO.

Technical Anaylsis

Both COSCO and Yangzijiang stock charts show an uptrend and the stock prices are above 20D, 50D and 200D MA.
However, COSCO looks a bit exhausted where the stock is not able to break $1.70 resistance on two occassions, and probably will be forming an ascending triangle.

In Summary

Yangzijiang is a better bet for these two shipbuilding stock base on fundamental and technical analysis. A pull back to the uptrend support level (between $1.5o to $1.55) is a good entry for medium to long term investment.

Yangzijiang: Continues the Up Trend

Post author:Marubozu
Post published:July 25, 2010

Yangzijiang broke the $1.26 resistance and move back to it up trend. Chart has been redrawn to show the uptrend support line. As long as the uptrend support is not broken, the next resistance target is $1.56. Yangzijiang PE (at $1.46) is 10.5 which is not overvalue. A good entry point is when Yangzijiang retraces back to the uptrend support at about $1.35 to $1.40. Exit point is $1.56.