Of more interest is YZJ's plan to invest US$825.7 million for a 10% stake in Poseidon which is the holding company of Seaspan, one of the world’s largest containership lessors.
Adrian Loh of UOB Kay Hian has slightly raised his target price for Yangzijiang Shipbuilding from $4.60 to $4.75 after the company announced additional order wins, plus to reflect potential higher earnings from a planned investment in a customer.
On March 31, YZJ announced that it had won orders for 22 vessels worth US$0.98 billion in 1Q26. "With deliveries stretching into 2029, these order wins reinforce the company’s multi-year earnings visibility and underlines one of the key reasons why we continue to like YZJ," says Loh, who has maintained his "buy" call on this counter.
