Yangzijiang Shipbuilding

‘Buy’ Yangzijiang say analysts from CGS-CIMB and DBS Research Group

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CGS-CIMB has a “buy” call on Yangzijiang Shipbuilding, expecting a recovery in freight and better shipbuilding orders.

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SINGAPORE (Sept 4): Yangzijiang Shipbuilding, the China-based shipbuilding group, has entered into a new order agreement on the building of another five new vessels, including three 82,000dwt bulk carriers and two 325,000dwt bulk carriers.

SINGAPORE (Oct 12): Yangzijiang Shipbuilding's joint venture agreement with MES-SC and Mitsui to establish a new shipbuilding company to tap the fast-growing gas carrier market is a positive development for the company, says DBS Group Research.

SINGAPORE (July 3): DBS is reiterating its “buy” call on Yangzijiang Shipbuilding (YZJ) with an unchanged target price of $1.82, which translates to 1.25 times price-to-book value (P/BV), approximately 0.4 standard deviation points below the historica

SINGAPORE (June 21): Yangzijiang Shipbuilding's wholly-owned subsidiary, Jiangsu New Yangzi Shipbuilding, is acquiring a 10.6% equity interest in Suzhou Jiumei Fiber Glass (JFG) through the trading system of National Equities Exchange and Quotations (

SINGAPORE (June 6): CGS-CIMB Securities is upgrading its recommendation on Yangzijiang Shipbuilding to “add” from “hold” with a target price of $1.27.