Lim and Tan say that the license allows YZJ to build large LNG carriers above 100,000 cubic meters (CBM). CBM refers to the freight volume of the shipment for domestic and international freight.
CGS-CIMB Research analysts Lim Siew Khee and Izabella Tan have maintained their “buy” rating on Yangzijiang Shipbuilding (YZJ) and an unchanged target price of $1.63.
The analysts highlight that YZJ obtained a licence from France-based Gaztransport & Technigaz (GTT) on Sept 8, which enables it to construct LNG vessels using GTT Mark III membrane technologies.
