Yangzijiang Shipbuilding (YZJ)

SINGAPORE (June 11): OCBC Research is maintaining Yangzijiang Shipbuilding (YZJ) at “hold” with fair value estimate of $1.45.

(May 6): The US central bank is keeping rates steady, with Federal Reserve chairman Jerome Powell saying he sees no immediate need to move interest rates either higher or lower, and that the Fed is watching for a rebound in persistently sluggish inflation

SINGAPORE (Apr 29): Yangzijiang Shipbuilding, the shipbuilder based in China, reported 1Q19 earnings of RMB824 million ($167 million), up 38% from earnings of RMB595 million a year ago.

SINGAPORE (Mar 4): DBS Group Research is maintaining Yangzijiang Shipbuilding at “buy” with $1.82 target price, saying it is one of the world’s best managed and profitable shipyards.

SINGAPORE (Feb 4): The integration between Korean mega shipbuilders Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME) spells good news for Singapore-listed shipyards.

SINGAPORE (Dec 21): DBS Group Research is keeping its “neutral” stance on the offshore and marine sector amid a slow pick up in new orders.

SINGAPORE (Nov 7): Yangzijiang Shipbuilding, the global shipbuilder based in China, reported 3Q18 earnings ended Sept of RMB778.6 million ($154 million), 10% lower compared to a year ago on higher expenses and lower other gains.

SINGAPORE (Oct 4): While Yangzijiang Shipbuilding’s upward momentum may continue in the near term, OCBC Investment Research says upside potential for the stock is diminishing.

SINGAPORE (Aug 8): CGS-CIMB Securities is surprised by Yangzijiang Shipbuilding’s record delivery of 20 vessels in 2Q18, boosting 2Q18 revenue by 120% y-o-y to RMB 7.6 billion ($1.5 billion).

SINGAPORE (Aug 7): Yangzijiang Shipbuilding (YZJ) announced earnings of RMB 994.9 million ($198.7 million) for the 2Q ended June, up 38% from RMB 719.9 million a year ago on higher revenue.