Yangzijiang Shipbuilding (Holdings)

[Big Toe]

It does not bother me too much how much most analysts value companies. The basis usually is purely from a salaried worker whose job is to churn out a specific report within a given short time frame. Not from someone who is considering to invest a significant part of his/her own wealth to own a stake in the business. Such reports usually are very low in depth and quality.

On the other end of the spectrum, private markets funding/ doing valuation for a "disruptor/new fairy tale businiess", the bankers will sell a potato for a trillion dollars for anyone who believes the potato is worth a trillion. That's their job, and that's how Bankers/Wall street work. Welcome to the investment community.

Onto YZJFH, I think a number of people is missing one major point of this exercise of splitting YZJ into 2. YZJFH is incorporated in SG, this is unlike chinese banks, and that's a huge difference. People who somewhat understand doing business in China(case in point, Best world) will realise just how difficult it is to pull this off even with ample resoources and an extended time frame. YZJ being able to pull this off is just another indication of their competence. So I am somewhat confident of this YZJFH spin off even if it does not do well upon listing. Unless management action(s) and results prove otherwise, I am in for the long game for YZJFH.