Yangzijiang Shipbuildilng (YZJ)

Brokers' Digest 966 - THE EDGE SINGAPORE

Broker's Calls

Brokers' Digest 966

Here are some of brokers' stock picks this week.
UOB Kay Hian lowers earnings estimates, target price for Keppel Corp despite $200 mil contracts - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian lowers earnings estimates, target price for Keppel Corp despite $200 mil contracts

"In our view, there will be more orders to come in the near to medium term," says UOB Kay Hian analyst Adrian Loh.

Broker's Calls

Pick up this cheap stock as its order wins pick up steam

Sail with this stock towards a rosy outlook

Broker's Calls

Expect stronger q-o-q revenue from Yangzijiang in 3Q20, says CGS-CIMB

CGS-CIMB analyst Lim Siew Khee says Yangzijiang Shipbuilding’s (YZJ) 2Q20 earnings of RMB773.9 million ($152.6 million) came in line with the brokerage’s expectations and consensus despite the 17% y-o-y fall.

Broker's Calls

Yangzijiang gets the 'buy' call amid expectations of a consistent dividend payout for FY20

“While share price drivers appear to be thin on the ground at present, we believe the business conditions faced by YZJ will trough over the next four months,” says UOBKH analyst Adrian Loh.

Broker's Calls

It's the time to 'buy' Yangzijiang, says DBS

"Yangzijiang has demonstrated its resilience during industry downturns with decent profits and dividends, supported by a strong balance sheet,” says DBS Research Group analysts

Company in the news

Yangzijiang sets up new subsidiary Jiangsu New Yangzi Commerce and Trading Co for $1.96 bil

JNCT’s main business activity will focus solely in investment activities, which will allow New Yangzi to focus on its core shipbuilding business.

Investing ideas

Industry recovery, revenue visibility to cushion Yangzijiang from Covid-19 concerns: analysts

Despite the decreases in Yangzijiang’s topline figures for 2QFY2020, market watchers are confident this is a stumble, and the group remains poised to navigate through the rough waters.

Results

Yangzijiang Shipbuilding's 1Q earnings halved to $80.6 mil as China lockdown stalls revenue

The plunge in the group’s bottom line figures for the quarter under review comes amid government-mandated lockdowns in China which had adversely impacted the group’s productions for a few weeks. This led to a 44% plunge in revenue for the group.

Broker's Calls

Yangzijiang 'back in full force', remains a solid bargain: DBS

Analysts at DBS Group Research note that despite operating in a cyclical industry, Yangzijiang has demonstrated its resilience during industry downturns, offering investors decent profits and dividends.
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