Yangzijiang Shipbuildilng (YZJ)

The plunge in the group’s bottom line figures for the quarter under review comes amid government-mandated lockdowns in China which had adversely impacted the group’s productions for a few weeks. This led to a 44% plunge in revenue for the group.

Analysts at DBS Group Research note that despite operating in a cyclical industry, Yangzijiang has demonstrated its resilience during industry downturns, offering investors decent profits and dividends.

Here are three stocks to watch for the week: Genting Singapore, ST Engineering and Yangzijiang Shipbuilding.

The brokerage says that the two firm orders lifts the group’s year-to-date wins to some US$334 million, translating to 17% of the brokerage’s full year order wins assumption of US$2 billion.

Reportedly one of the largest orders in the group’s history, this contract was inked with investment firm Tiger Group.

Eight of the 11 research houses covering Yanzijiang have “buy” ratings on the stock.

SINGAPORE (Dec 23): DBS Group Research is maintaining its “buy” call on Yangzijiang Shipbuilding with an unchanged target price of $1.68, representing a 57% upside for the stock.In a regulatory filing on Dec 22, Yangzijiang reported that its execu

SINGAPORE (Dec 5): UOB Kay Hian has called investors’ attention to five promising stocks that offer further potential upsides of more than 20% to their target prices. 

SINGAPORE (Nov 19): Singapore’s corporate earnings and economic growth may be bottoming out as cyclical indicators such as electronics exports show a slower pace of declines, according to Citigroup Inc. analyst Patrick Yau.