Yangzijiang Shipbuilding (Holdings) Limited

UOB Kay Hian favours counters with strong earnings growth and those with majority of earnings outside Singapore - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian favours counters with strong earnings growth and those with majority of earnings outside Singapore

Singapore Airlines (SIA) remains the brokerage’s key “sell” call as they see travel resuming only after 3QFY2021.

Company in the news

Yangzijiang Shipbuilding incorporates new subsidiary for RMB10 mil

Shares in Yangzijiang closed flat at $1.05 on Feb 18.
Yangzijiang secures US$1.3 bil worth of new orders for 29 vessels - THE EDGE SINGAPORE

Contracts

Yangzijiang secures US$1.3 bil worth of new orders for 29 vessels

Shares in Yangzijiang closed 0.5 cent higher or 0.5% up at 97.5 cents on Feb 8.
Yangzijiang establishes new JV company as an interested person transaction - THE EDGE SINGAPORE

Deals, joint ventures & alliances

Yangzijiang establishes new JV company as an interested person transaction

The establishment of the JV company will be funded internally and will not have any material impact on Yangzijiang's EPS or NTA.
Yangzijiang wins new orders for nine vessels worth US$226 mil - THE EDGE SINGAPORE

Contracts

Yangzijiang wins new orders for nine vessels worth US$226 mil

This brings the group’s total value of new orders to US$1.26 billion year-to-date in 2020.

Yangzijiang secures 9 contracts in May totalling $773 mil

SINGAPORE (June 4): Yangzijiang Shipbuilding announced that has secured nine new shipbuilding orders in May with a total contract value of US$578 million ($773.3 million).

Results

Yangzijiang Shipbuilding sees 1Q earnings fall 11% to $124.8 mil on lower margins & other losses

SINGAPORE (Apr 26): Yangzijiang Shipbuilding reported earnings of RMB595.1 million ($124.8 million) for the 1Q ended Mar 2018, down 11% from RMB667.7 million a year ago on lower margins and other losses booked over the quarter.
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