Yangzijiang Shipbuilding (YZJ)

SINGAPORE (July 13): CGS-CIMB Securities is maintaining its sector “overweight” on Singapore’s offshore & marine (O&M) industry with expectations of Yangzijiang Shipbuilding to deliver stronger q-o-q earnings on stronger shipbuilding margins.

SINGAPORE (Apr 30): Analysts agree Yangzijiang Shipbuilding’s results for the 1Q18 ended March were largely in line with expectations. But there is less agreement over where the stock is headed.

SINGAPORE (Apr 25): Yangzijiang Shipbuilding’s wholly-owned subsidiary, Jiangsu Yangzijiang Shipbuilding Co, has entered into an agreement to acquire a 60% stake in Jiangsu Huayuan Logistics Co. (JHLCO) for RMB 180 million ($37.7 million).

SINGAPORE (Feb 28): Yangzijiang Shipbuilding is taking a stake in a China equity fund and convertible bonds investments firm.

SINGAPORE (Nov 9): Yangzijiang Shipbuilding saw its earnings surge to RMB 866.0 million ($177.9 million) in the 3Q ended September, trebling from RMB 281.2 million a year ago.

SINGAPORE (Sept 25): OCBC thinks Yangzijiang Shipbuilding (YZJ) is launching a share placement exercise to undertake significant mergers and acquisitions ahead although the group has significant cash resources.

SINGAPORE (Aug 10): UOB KayHian is downgrading Yangzijiang Shipbuilding to “hold” with entry and targets prices of $1.14 and $1.42 respectively as valuations for the stock look stretched.

SINGAPORE (Aug 7): Yangzijiang Shipbuilding reported 2Q earnings of RMB719.9 million ($146 million) for 2Q17 ended June, 73% higher than the RMB415.4 million a year ago.

SINGAPORE (July 3): Yangzijiang Shipbuilding said on Monday it had concluded in the second quarter six shipbuilding orders with a total contract value of US$133 million ($184 million).

SINGAPORE (May 2): The tide is expected to turn for the shipping industry. And DBS Group Research believes Yangzijiang Shipbuilding is well-positioned to ride the anticipated recovery.