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Yangzijiang Shipbuilding (YZJ)
Broker's Calls
Analysts positive on Yangzijiang following strategic review of investment arm
CGS-CIMB and DBS have kept "add" or "buy" while OCBC has recommended "hold" on YZJ with a higher TP estimate.
August 12, 2021
Broker's Calls
CGS-CIMB ups Yangzijiang's TP to $1.91 on strong year-to-date orders
CGS-CIMB has also lifted its order win forecast for the FY2021 by 60% to US$8 billion.
August 04, 2021
Contracts
Yangzijiang signs new orders worth US$1.58 bil; marks record orderbook of US$8.74 bil
The group says it remains confident in securing more order wins amid continued favourable market sentiments.
July 30, 2021
Broker's Calls
UOB Kay Hian sees Sembcorp, Yangzijiang and Keppel as 'compelling investment cases' in offshore & marine sector
Within the sector, Loh has kept “buy” on Sembcorp, Yangzijiang Shipbuilding and Keppel Corporation and "hold" on SembMarine.
July 08, 2021
Broker's Calls
Analysts upgrade estimates on Yangzijiang's earnings and order wins following new US$871 mil order win
CGS-CIMB has kept its target price of $1.63 while UOB Kay Hian has upped its target price estimate to $1.90.
July 02, 2021
Broker's Calls
Yangzijiang could lift order guidance to US$5.5 bil to US$6 bil in 2021: CGS-CIMB
CGS-CIMB has kept "add" on the group with an unchanged target price of $1.63.
June 29, 2021
Contracts
Yangzijiang wins another US$715 mil worth of new orders, adding on to its best year since 2008
Order wins for one of the carriers signify a breakthrough for the group in the clean energy vessels space.
June 23, 2021
Broker's Calls
UOB Kay Hian keeps 'buy' on Yangzijiang as it sees more upside for the containership market
Shares in Yangzijiang closed 2 cents higher or 1.4% up at $1.45 or 0.8 times P/B, according to UOB Kay Hian’s estimates.
May 20, 2021
Broker's Calls
Yangzijiang Shipbuilding gets a strong 'buy' amid improving margins and higher order book: analysts
CGS-CIMB’s Lim has a target price of $1.63, while that for UOBKH’s Loh is $1.76. DBS’ Ho has put forth a target of $1.80.
May 04, 2021
Results
Yangzijiang sees 89% surge in 1Q21 earnings of RMB761.7 mil
The group, as at April 29, has an outstanding orderbook of US$6.6 billion for 146 vessels, its highest level since 2009.
April 29, 2021