$YZJ Shipbldg SGD (BS6.SG)$
"The US also proposed fees on the use of commercial ships made in China to counter the nation’s dominance in the production of the vessels. Chinese shipping stocks fell on Monday (Feb 24), while the benchmark CSI 300 Index slipped 0.2 per cent. The yuan traded onshore rose 0.1 per cent to 7.2480 versus the US dollar as at 4.21 pm in Shanghai."
That may explain the plunge. I ditched my holdings for now. Wait to bottom out before enter.
"The US also proposed fees on the use of commercial ships made in China to counter the nation’s dominance in the production of the vessels. Chinese shipping stocks fell on Monday (Feb 24), while the benchmark CSI 300 Index slipped 0.2 per cent. The yuan traded onshore rose 0.1 per cent to 7.2480 versus the US dollar as at 4.21 pm in Shanghai."
That may explain the plunge. I ditched my holdings for now. Wait to bottom out before enter.
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IvanJeanne
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$SIA (C6L.SG)$ : I am expecting some rebound today, hopefully, correct.
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IvanJeanne
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IvanJeanne
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NET PROFIT:RMB3.0584B
REVENUE:RMB13B
Total 79 ship orders won worth US$8.5B
Total outstanding orders 224 worth US$20.2B
REVENUE:RMB13B
Total 79 ship orders won worth US$8.5B
Total outstanding orders 224 worth US$20.2B
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IvanJeanne
reacted to
Keep buying the dip, but only to see the stock fall further? Find it hard to pinpoint the right entry and exit points?
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Morning Movers
Gapping up
$Delta Air Lines (DAL.US)$ stock rose 4.3% following the airline's optimistic outlook for the current quarter, bolstered by strong travel demand that led to first-quarter earnings surpassing estimates.
$Moderna (MRNA.US)$ stock increased by 0.6%, building on the previous session's 6% gain, after the company released promising cancer-vaccine data, indicating potential effectiveness beyond just melanoma.
$Taiwan Semiconductor (TSM.US)$ stock gr...
Gapping up
$Delta Air Lines (DAL.US)$ stock rose 4.3% following the airline's optimistic outlook for the current quarter, bolstered by strong travel demand that led to first-quarter earnings surpassing estimates.
$Moderna (MRNA.US)$ stock increased by 0.6%, building on the previous session's 6% gain, after the company released promising cancer-vaccine data, indicating potential effectiveness beyond just melanoma.
$Taiwan Semiconductor (TSM.US)$ stock gr...
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IvanJeanne
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Hong Kong stocks opened lower in the morning. $Hang Seng Index (800000.HK)$ opened lower by 160 points or 0.9% at 17,350. $Hang Seng China Enterprises Index (800100.HK)$ opened lower by 74 points or 1.2% at 5,955. $Hang Seng TECH Index (800700.HK)$ opened 80 points or 2% lower at 3,944.
$LI AUTO-W (02015.HK)$ opened 6.2% lower after reporting non-GAAP net profit of RMB3.478 billion for 3Q. $NIO-SW (09866.HK)$ and $XPENG-W (09868.HK)$ were each 4.4% and 4.2% lowe...
$LI AUTO-W (02015.HK)$ opened 6.2% lower after reporting non-GAAP net profit of RMB3.478 billion for 3Q. $NIO-SW (09866.HK)$ and $XPENG-W (09868.HK)$ were each 4.4% and 4.2% lowe...
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