In a Tuesday report, analyst Lim Siew Khee says, “We think its share price has pessimistically priced in a sharper drop in orders and margin erosion.”
SINGAPORE (June 6): CGS-CIMB Securities is upgrading its recommendation on Yangzijiang Shipbuilding to “add” from “hold” with a target price of $1.27.
This came despite the fact that the group is the second-worst performer on the Straits Times Index, after Starhub.
