Is Yang Ming Out of the Woods After a Series of New Share Offerings?

Yang Ming Marine - Macro Tailwinds Lift Operating Fortunes

DFRS Trading Idea 2017 #2 - Yang Ming Marine - High Leverage Is a Big Red Flag and a Great Concern

DFRS Trading Idea 2017 #2 - Yang Ming Marine - High Leverage Is a Big Red Flag (Update 1)

Equity Research Analyst, Maritime sector, Drewry Maritime Financial Research

Ankush Kathuria CFA, FRM

Equity Research Analyst, Maritime sector

Maritime Sector, Equity & Credit Research

Drewry Maritime Financial Research

With no ties to other players in the shipping, finance or banking world, we provide a uniquely impartial view of the markets and companies we cover. Our parent organization, Drewry is a leading independent provider of research services to the maritime and shipping industry, employing over 100 professionals across an international network of offices in London, Delhi, Singapore and Shanghai. Combining our market-leading resources with seasoned sector expertise DFRS offers a highly differentiated and comprehensive range of investment and financial research services to lenders and prospective investors in publicly listed maritime and shipping companies. The full service of reports, supporting resources and sector orientated webinars provides our clients with the most complete picture of the organisations under coverage as is possible. We have been charting and analysing the world’s maritime markets for more than 40 years. This unrivalled intelligence and understanding provides the foundation of our research service. Our analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.

Equity Bottom-Up

Yang Ming Marine Transport / Equity Bottom-Up

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Capital reduction. In a notification to the Taiwanese stock exchange today (link - <a href="http://www.twse.com.tw/en/trading/exchange/TWTAVU/TWTAVU.php" target="_blank">http://www.twse.com.tw/en/trading/exchange/TWTAVU/TWTAVU.php</a>), Yang Ming Marine (YMM) announced suspension of its stock trading until 4 May 2017 during which it is set to reduce its equity capital to the tune of ~53%. This action will decrease its number of shares to 1.4bn from 3.0bn. The announcement is a follow-up of the company’s extraordinary special shareholders' meeting on 22 December 2016, which resolved to…</li></ul>


Capital reduction. In a notification to the Taiwanese stock exchange today (link - http://www.twse.com.tw/en/trading/exchange/TWTAVU/TWTAVU.php), Yang Ming Marine (YMM) announced suspension of its stock trading until 4 May 2017 during which it is set to reduce its equity capital to the tune of ~53%. This action will decrease its number of shares to 1.4bn from 3.0bn. The announcement is a follow-up of the company’s extraordinary special shareholders' meeting on 22 December 2016, which resolved to…

Yang Ming Marine (2609 TT, Unattractive) – Shares Suspended Until May 4th Amid Capital Reduction