Yangzijiang Shipbuilding (Holdings) Limited

Results

Yangzijiang Shipbuilding reports record-high earnings of RMB3.06 bil for 1HFY2024, 77% higher y-o-y

Revenue rose by 15.3% y-o-y to RMB13.05 billion due to higher shipbuilding activities and better shipping charter rates.
Yangzijiang Shipbuilding reports 1HFY2023 earnings of RMB1.73 bil, 26% higher y-o-y - THE EDGE SINGAPORE

Results

Yangzijiang Shipbuilding reports 1HFY2023 earnings of RMB1.73 bil, 26% higher y-o-y

Total revenue for the 1HFY2023 rose by 16% y-o-y to RMB11.3 billion due to increased shipbuilding activities.

Results

Yangzijiang Shipbuilding reports US$10.98 bil in total orderbook value for 1QFY2023

Ytd, the group has secured some US$1.18 billion in order wins, which is around 39% of its FY2023 order-win target of US$3 billion.

Broker's Calls

UOBKH lowers Yangzijiang Shipbuilding's GPM assumptions to account for inflation

The brokerage has also lowered its earnings forecasts for the FY2022 to FY2024 by 5.2%-14.8%.
CGS-CIMB lifts Yangzijiang's TP to $2.41 as wait for listing of spin-off group is over - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB lifts Yangzijiang's TP to $2.41 as wait for listing of spin-off group is over

In their report, CGS-CIMB analysts Lim Siew Khee and Isabella Tan say they expect the spin-off to be listed by the end of April.

Company in the news

Yangzijiang founding member transfers 394 mil Yangzijiang shares to employee benefit trust

The trust is set up for the purpose of rewarding employees of the group.

Broker's Calls

Analysts recommend 'buy' on Yangzijiang Holdings after proposed spin-off

The analysts have kept their target price at $1.80 (Citi Research) and $2 (UOB Kay Hian).

Contracts

Yangzijiang signs US$871 mil worth of new orders, marking record year in terms of orders

Yangzijiang's outstanding order book of US$7.72 billion for 160 vessels is also another record high.
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