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Yangzijiang Shipbuilding is a ‘survivor’

Broker's Calls

Yangzijiang Shipbuilding is a ‘survivor’

PC Lee Published on Wed, Aug 10, 2016 / 11:26 AM GMT+8

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SINGAPORE (Aug 10): DBS says Yangzijiang Shipbuilding is well-positioned to emerge stronger from the shipbuilding downturn.

The research house is maintaining its “buy” call but with lower target price of $1.00.

In a Monday report, analyst Ho Pei Hwa says Yangzijiang is among the few Chinese yards that have crossed into the high-end vessel space to compete against Korean rivals as it is the largest and most cost-efficient private shipbuilder in China.

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