Citi analyst Jame Osman has given the group a target price of $1.80 based on a sum of the parts (SOTP) valuation methodology to reflect Yangzijiang’s diversified business.
Analysts from Citi Research and UOB Kay Hian have kept “buy” on Mainboard-listed Yangzijiang Holdings after the shipping group announced its plans to spin-off its investment business for its separate listing on Nov 29.
