“Importantly, the company appeared to be confident of securing about US$4.5 billion in new orders for 2026, supported by continued demand for containerships and opportunistic drybulk orders amid trough valuations,” says Loh in his report dated Nov 19.
Adrian Loh of UOB Kay Hian has turned more bullish on Yangzijiang Shipbuilding, with a new target price of $4.10 from $3.90 previously following the company’s 3QFY2025 business update, where besides operational improvements, additional contracts are likely to be in the bag by end of the year.
According to Loh, the company is in “active negotiations” for several contracts that could close as soon as the end of 2025. If so, Yangzijiang can partly fill its remaining slots for 2028-2030 delivery.
