Year-to-date (ytd), Yangzijiang has secured order wins of US$1.18 billion ($1.58 billion) scheduled for delivery from FY2023 to FY2026, or 39% of its US$3 billion target for the full year.
CGS-CIMB Research analysts have maintained their “add” recommendation for Yangzijiang Shipbuilding (Holdings) (SGX:BS6
) with an unchanged target price of $1.66.
In their report dated April 25, analysts Lim Siew Khee and Izabella Tan say they expect gross margins to rise from the execution of Yangzijiang’s higher-valued contracts secured from FY2021.
