Yangzijiang Shipbuilding gets a strong 'buy' amid improving margins and higher order book: analysts
Amala Balakrishner • • 4 min read
CGS-CIMB’s Lim has a target price of $1.63, while that for UOBKH’s Loh is $1.76. DBS’ Ho has put forth a target of $1.80.
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The best is yet to come for Yangzijiang Shipbuilding, analysts say as they anticipate stronger prospects after its “better-than-expected” profits.
For the 1QFY2021 ended March, the shipbuilder’s earnings came in at RMB761.7 million ($156.8 million) up 89% y-o-y, thanks to the construction of more containerships and large-sized vessels as well as improved charter margins that collective raised gross profits.
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