Yangzijiang Shipbuilding (Holdings)

ST Engineering, Yangzijiang Shipbuilding riding on respective record order books - THE EDGE SINGAPORE

Billion Dollar Club 2024

ST Engineering, Yangzijiang Shipbuilding riding on respective record order books

Both ST Engineering and Yangzijiang Shipbuilding are sitting on record order books

Company in the news

Yangzijiang Shipbuilding subsidiaries have ‘reasonably good prospect of success’ in arbitration claims

The first tranche of the arbitrations is scheduled for November this year.

Broker's Calls

Analysts up Yangzijiang Shipbuilding’s TP after 1HFY2024 earnings beat estimates

DBS and Citi's target prices were raised to $2.88 and $3.14 respectively.

Contracts

Yangzijiang Shipbuilding secures contract for six 13,000 TEU methanol duel-fuel vessels

The vessels are scheduled to be delivered from 2027 onwards.

Company in the news

Yangzijiang Shipbuilding acquires additional 5% stake in JV for RMB43.2 mil

Following the acquisition, Yangzijiang Shipbuilding’s equity interest in Yangzi-Mitsui increased to 56% from 51% previously.

Singapore economy

Briefs: Singapore businesses 'unsure', 'pessimistic' on three-year outlook

Other news this week: MAS proposes to increase deposit insurance coverage to $100,000 and more.
Yangzijiang Shipbuilding wins order for three combination carriers from repeat customer - THE EDGE SINGAPORE

Contracts

Yangzijiang Shipbuilding wins order for three combination carriers from repeat customer

In its most recent order book update for 1QFY2023 ended March, it has a total order of US$10.98 billion

Broker's Calls

CGS-CIMB positive on Yangzijiang as US$3 bil order target for FY2023 looks in sight

Yangzijiang has secured order wins of US$1.18 billion year-to-date, or 39% of its US$3 billion target for the full year.
Ren of Yangzijiang Financial looks forward to better FY2023, eyes funding of LNG and quarry projects - THE EDGE SINGAPORE

Corporate moves

Ren of Yangzijiang Financial looks forward to better FY2023, eyes funding of LNG and quarry projects

Ren Yuanlin is certain that YFH will do better for FY2023 relative to FY2022
Yangzijiang Shipbuilding reports 2HFY2022 earnings of RMB1.44 bil, 30% lower y-o-y - THE EDGE SINGAPORE

Results

Yangzijiang Shipbuilding reports 2HFY2022 earnings of RMB1.44 bil, 30% lower y-o-y after spin-off of financial unit

A final dividend of 5 cents per share has been declared for the period.
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