Yangzijiang Shipbuilding

SINGAPORE (Mar 2): CIMB is downgrading Yangzijiang Shipbuilding to "hold" with a lower $1.51 target price given its share price could be capped near term given no major orders were secured year to date.

SINGAPORE (Feb 28): Yangzijiang Shipbuilding reported 4Q17 earnings increased by 12% to RMB 677.9 million ($141.7 million) from RMB 607.8 million in 4Q16.

SINGAPORE (Jan 10): Yangzijiang Shipbuilding’s wholly-owned subsidiary Yangzijiang Shipping is establishing a 49.45%-owned private limited company in Singapore named Yangzijiang Taihua Shipping together with several strategic partners for US$1,100 ($1,4

SINGAPORE (Nov 13): Yangzijiang Shipbuilding’s 3Q17 earnings were lifted by RMB309 million ($63.3 million) gains.

SINGAPORE (Sept 28): Credit Suisse is maintaining its “hold” call for Yangzijiang Shipbuilding on its potential to win contracts worth more than US$450 million ($613.5 million) for six very large ore carriers (VLOCs) from Vale.

SINGAPORE (Sept 15): Here are some charts for our technical analysis.

SINGAPORE (Sept 4): Yangzijiang Shipbuilding is selling 137 million new shares to institutional investors at $1.53 each in a private placement exercise.

SINGAPORE (Aug 30): The benchmark Straits Times Index (STI) has generated a 13.2% price gain year to date (YTD) with its strongest-performing sectors being real estate, financials and industrials.

SINGAPORE (Aug 8): China's Yangzijiang Shipbuilding reported a 73% increase in second-quarter net profit, helped by higher revenue from the construction of larger-size vessels, sending its shares to their highest in more than six years.

SINGAPORE (Aug 1): Yangzijiang Shipbuilding has disposed its stakes in two subsidiaries to Group Executive Chairman Ren Yuanlin to enable the group to divert its attention from the non-core businesses to the core shipbuilding and related businesses.