Out of this total, US$7.1 billion worth, for 97 vessels, were ordered in 2023, far surpassing the company's own target of US$3 billion.
KGI Securities has reiterated its 'buy' call and $2 target price for Yangzijiang Shipbuilding, given how earnings from strong demand growth will enjoy further lift with a weaker RMB.
As at end of last year, the company has built up an orderbook of US$14.5 billion, to build a mix of containerships, oil tankers, bulk carriers and gas carriers, which will provide clear earnings visibility to FY2027,
