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.
