“We believe its current share price up to at least S$1.10 should be protected by its 2020F yield of 4.6%, which we view as reasonably secure”.
SINGAPORE (July 1): UOB Kay Hian (UOBKH) is maintaining its “buy” call and target price on Yangzijiang Shipbuilding at $1.22. This gives the counter a 27.1% upside from its 96-cents close on June 26, analyst Adrian Loh says in a June 30 note.
“While share price drivers appear to be thin on the ground at present, we believe the business conditions faced by YZJ will trough over the next four months,” he elaborates.
