Sunday, September 24, 2017

Short update on Yangzijiang

YZJ's second worksite accident in 3 months. The key event is operations at Yangzi Yard is suspended. There is no update to SGX though.

Earlier, there is news that YZJ has retrench 2000 workers. However, it's yard are busy with orders stretching to 2019. Is there over-work.? It is it just a freck accident

This might be the first test for Ren's son as CEO. 

Not vested. 

I dun want to sound like sour grape. Because I sold earlier at a song. But personally, the risk reward profile at current levels is rather unattractive.

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