A 6-percentage-point drop in gross profit margin for YZJ’s core shipbuilding business to 17% for the 1Q18 ended March saw its earnings for the quarter fall 11% to RMB 595.1 million ($124.8 million).
SINGAPORE (Apr 30): Analysts agree Yangzijiang Shipbuilding’s results for the 1Q18 ended March were largely in line with expectations. But there is less agreement over where the stock is headed.
According to Bloomberg data, YZJ has five “buy” calls, four “hold” calls, and one “sell” call among analysts.
