YZJ is making a contrarian move today falling from 1.52 two days ago to 1.43 today. It has hit heavy supply and broken serious demand indicating a nasty fall to come. Coming from China, it could mean yet another S chip scandal , but given YZJ management's long track record of delivering results and its political connections to the previous Jiangsu regime , things may be different than the usual S chip implosion .
see https://thebearprowl.wixsite.com/website/single-post/2019/03/09/Shipbuilder-with-massive-exposure-to-China-lending-and-FX-Risk
https://c.m.163.com/news/a/EGR3F8PV0518RF5G.html?spss=newsapp&spsw=1
I would avoid YZJ with a ten foot pole .
see https://thebearprowl.wixsite.com/website/single-post/2019/03/09/Shipbuilder-with-massive-exposure-to-China-lending-and-FX-Risk
https://c.m.163.com/news/a/EGR3F8PV0518RF5G.html?spss=newsapp&spsw=1
I would avoid YZJ with a ten foot pole .
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