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Yangzijiang Shipbuildilng (YZJ)
Broker's Calls
Yangzijiang’s share price weakness at the start of 2023 presents 'buying opportunity': DBS
Analyst Ho Pei Hwa has reiterated her “buy” call for Yangzijiang Shipbuilding with a TP of $1.70.
January 05, 2023
Broker's Calls
CGS-CIMB maintains ‘buy’ on Yangzijiang Shipbuilding as it looks to build larger LNG carriers
Yangzijiang could be actively bidding for up to US$3.7 billion of new orders in the pipeline.
September 20, 2022
Corporate moves
Yangzijiang obtains GTT technology membrane license, making 'inroads' to LNG carrier market
YZJ received the GTT license in “record time”, despite delays due to the Covid-19 restrictions in China.
September 08, 2022
Contracts
Yangzijiang clinches order to build four units of 8,000 TEU LNG duel-duel containerships
The orders were placed by repeat customer Pacific International Lines and will be progressively delivered in 2025.
July 06, 2022
Broker's Calls
CGS-CIMB positive on Yangzijiang Shipbuilding awaiting shipbuilding execution results
To the analysts, Yangzijiang’s strength now lies on its strong shipbuilding execution and attractive valuations of 6x CY2023 P/E
May 20, 2022
Broker's Calls
Broker's Digest: Guocoland, Yangzijiang Shipbuilding, Keppel Corp, HRNetGroup, Hyphens Pharma International
Broker's Digest: Guocoland, Yangzijiang Shipbuilding, Keppel Corp, HRNetGroup, Hyphens Pharma International
April 07, 2022
Restructuring
Yangzijiang's directors say that proposed spin-off of investment business is "in the best interests of the company"
The directors recommend that shareholders vote in favour of the ordinary resolutions relating to the proposed spin-off at the EGM
April 01, 2022
Broker's Calls
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.
December 10, 2021
Restructuring
Yangzijiang shareholders to receive spin-off shares proportionally in the form of dividend in specie
The company also reveals its plan to list the spin-off on the Singapore Exchange mainboard.
December 08, 2021
Results
Yangzijiang posts 21% drop in gross profit to RMB1 bil in 3Q despite 25% jump in revenue
Yangzijiang posts 21% drop in 3Q gross profit to RMB1 bil on lower gross margins
November 01, 2021