Yangzijiang’s proposed spin-off unlocks more value for shareholders: CGS-CIMB
CGS-CIMB reiterated its "add" rating for Yangzijiang with a target price of $1.91.
Follow us on Facebook and join our Telegram channel for the latest updates. CGS-CIMB Research analyst Lim Siew Khee believes Yangzijiang Shipbuilding shareholders can unlock more value pursuant to the company’s plan to list its debt investment business on the SGX Mainboard via dividend-in-specie.
She has reiterated her “add” rating for Yangzijiang with an unchanged target price of $1.91.
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