Yangzijiang Shipbuilding (YZJ)

Out of the orders for the 12 vessels, six are firm orders worth US$126 million. These are accompanied by six option orders for identical vessels, to be exercised in three stages, two options each.

The orders bring the group’s total value of orders to US$517 million so far in 2020.

Mainboard-listed Yangzijiang Shipbuilding has secured a new shipbuilding contract for four 1,000TEU container feeders worth a total of RMB392 million (S$77.6 million) on Thursday.

“We are doing our utmost to prevent the coronavirus fiasco from affecting the yards and production activities. We will also optimize production resources to minimize any disruption to the delivery schedule,” says CEO Ren Letian.

Like other S-Chips, market watchers are expecting Yangzijiang shares to remain shaky amid the outbreak of the deadly Wuhan virus.

SINGAPORE (Dec 26): Capital goods – which are used in producing other goods, rather than being bought by consumers – are on the cusp of a “strong recovery” in earnings growth, market watchers say.

SINGAPORE (Nov 14): Mainboard-listed shipbuilder Yangzijiang Shipbuilding saw its earnings shrink 10% to RMB702.3 million ($136.3 million) in 3Q19 ended in September, from RMB778.6 million in 3Q18.

Rumours of the supposed disappearance of Yangzijiang executive chairman have prompted a flurry of activity

SINGAPORE (Aug 14): Yangzijiang Shipbuilding (YZJ) has confirmed that executive chairman Ren Yuanlin is “currently assisting in a confidential investigation” carried out by certain Chinese governmental authorities.

SINGAPORE (Aug 5): Yangzijiang Shipbuilding saw its earnings slip 6% to RMB 936.4 million ($185.7 million) for the 2Q19 ended June, from RMB 994.9 million a year ago.