Yangzijiang Shipbuilding

Week-on-week, the STI gained 1.1% from 2,805.95.

DBS is maintaining its buy call and $1.40 target price on Yangzijiang.

‘Buy’ Yangzijiang say analysts from CGS-CIMB and DBS Research Group

STI continues to be weighed down by property stocks, banks and REITs, and could test its March low.

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CGS-CIMB has a “buy” call on Yangzijiang Shipbuilding, expecting a recovery in freight and better shipbuilding orders.

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SINGAPORE (Sept 4): Yangzijiang Shipbuilding, the China-based shipbuilding group, has entered into a new order agreement on the building of another five new vessels, including three 82,000dwt bulk carriers and two 325,000dwt bulk carriers.

SINGAPORE (Oct 12): Yangzijiang Shipbuilding's joint venture agreement with MES-SC and Mitsui to establish a new shipbuilding company to tap the fast-growing gas carrier market is a positive development for the company, says DBS Group Research.

SINGAPORE (July 3): DBS is reiterating its “buy” call on Yangzijiang Shipbuilding (YZJ) with an unchanged target price of $1.82, which translates to 1.25 times price-to-book value (P/BV), approximately 0.4 standard deviation points below the historica