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UOB Kay Hian keeps 'buy' on Yangzijiang as it sees more upside for the containership market

Felicia Tan
Felicia Tan • 3 min read
UOB Kay Hian keeps 'buy' on Yangzijiang as it sees more upside for the containership market
Shares in Yangzijiang closed 2 cents higher or 1.4% up at $1.45 or 0.8 times P/B, according to UOB Kay Hian’s estimates.
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Uob Kay Hian analyst Adrian Loh has kept “buy” on Yangzijiang Shipbuilding with an unchanged target price of $1.76, as the group is racing towards securing a record number of order wins in 2021.

The group currently has slightly over US$4 billion ($5.33 billion) generated in new orders year-to-date (y-t-d) in 2021.

To put things in context, Yangzijiang secured a record US$5 billion in new order wins in 2007.

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