Yangzijiang Shipbuilding

M&A

Yangzijiang Shipbuilding acquires 10.6% stake in Suzhou Jiumei Fiber Glass for $12.6 mil

SINGAPORE (June 21): Yangzijiang Shipbuilding's wholly-owned subsidiary, Jiangsu New Yangzi Shipbuilding, is acquiring a 10.6% equity interest in Suzhou Jiumei Fiber Glass (JFG) through the trading system of National Equities Exchange and Quotations (

Broker's Calls

Yanzijiang gets an upgrade as orders could surpass expectations

SINGAPORE (June 6): CGS-CIMB Securities is upgrading its recommendation on Yangzijiang Shipbuilding to “add” from “hold” with a target price of $1.27.

Broker's Calls

Yangzijiang cut to 'hold' with zero major orders won to date

SINGAPORE (Mar 2): CIMB is downgrading Yangzijiang Shipbuilding to "hold" with a lower $1.51 target price given its share price could be capped near term given no major orders were secured year to date.

Results

Yangzijiang Shipbuilding posts 12.1% rise in 4Q earnings to $141.7 mil

SINGAPORE (Feb 28): Yangzijiang Shipbuilding reported 4Q17 earnings increased by 12% to RMB 677.9 million ($141.7 million) from RMB 607.8 million in 4Q16.

Yangzijiang establishes vessel leasing & chartering subsidiary

SINGAPORE (Jan 10): Yangzijiang Shipbuilding’s wholly-owned subsidiary Yangzijiang Shipping is establishing a 49.45%-owned private limited company in Singapore named Yangzijiang Taihua Shipping together with several strategic partners for US$1,100 ($1,4

Broker's Calls

Yangzijiang's 3Q boosted by one-offs and margins are slipping but BDI's looking better

SINGAPORE (Nov 13): Yangzijiang Shipbuilding’s 3Q17 earnings were lifted by RMB309 million ($63.3 million) gains.

Broker's Calls

Yangzijiang kept at 'hold' by Credit Suisse on $614 mil contract win potential

SINGAPORE (Sept 28): Credit Suisse is maintaining its “hold” call for Yangzijiang Shipbuilding on its potential to win contracts worth more than US$450 million ($613.5 million) for six very large ore carriers (VLOCs) from Vale.

Right Timing

Right timing: Downwards drift continues

SINGAPORE (Sept 15): Here are some charts for our technical analysis.

Broker's Calls

Yangzijiang’s cash call is signal for M&As to come

SINGAPORE (Sept 4): Yangzijiang Shipbuilding is selling 137 million new shares to institutional investors at $1.53 each in a private placement exercise.

How STI’s strongest sectors have fared year to date

SINGAPORE (Aug 30): The benchmark Straits Times Index (STI) has generated a 13.2% price gain year to date (YTD) with its strongest-performing sectors being real estate, financials and industrials.
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