The group’s shipbuilding margins, at 25.9% for the period, also beat her expectations.
Analysts from DBS Group Research and Citi Research have kept their “buy” calls on Yangzijiang Shipbuilding after the group’s earnings for the 1HFY2024 ended June 30 beat their estimates.
Yangzijiang’s 1HFY2024 earnings surpassed DBS analyst Ho Pei Hwa’s estimates by 20% after its net profit surged by 77% y-o-y and 29% h-o-h to RMB3.06 billion ($564.9 million).
