Just to update readers here. I just sold all my shares of YZJ.
I am not sure if anyone follow me to buy YZJ, but nonetheless, my reason, your call.
This news is the trigger:
Rail company calls for investigation into shipbuilding tycoon Ren Yuanlin
I believe Yuan to be a capable businessman with good connections with local government. Nonetheless, I like to hold on to more cash to await opportunity. Apparently, the news is already 2 days old, but market do not care. I care though. Ren is the key factor in the YZJ equation.
Just to keep readers heads-up, not a buy or sell call.