- a) Number of vessels delivered
Yangzijiang (“YZJ”) has been the 2nd worst performing STI stock with -40% year to date (“YTD”) return based on the closing price of $0.880 on 6 Aug 2018 (click HERE). In the past four days, YZJ has weakened approximately 9.3% after hitting the intraday high of $0.970 on 31 Jul 2018.
Is this recent share price decline the harbinger of poor results to be released on 7 Aug, after market?
2QFY18 results unlikely to be poor
Based on my personal view, 2QFY18F results are unlikely to be poor based on the following points: