The win, according to DBS, "blew market expectations".
DBS Group Research has described the latest order wins announced by Yangzijiang Shipbuilding as "Christmas came early", as it maintains its "buy" call and $2.88 target price on the stock.
On Dec 2, the company announced it won orders for 21 ships worth US$2.63 billion - just less than a month after its previous update. This brings its year-to-date wins to more than US$14.7 billion and total order book to around US$24 billion.
