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Error message
- Notice: Undefined offset: 0 in tes_menu_link__menu_sidebar() (line 100 of /home/alfi/tes_website/sites/all/themes/tes/template.php).
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- Notice: Undefined offset: 0 in tes_menu_link__menu_sidebar() (line 100 of /home/alfi/tes_website/sites/all/themes/tes/template.php).
- Notice: Undefined offset: 0 in tes_menu_link__menu_sidebar() (line 100 of /home/alfi/tes_website/sites/all/themes/tes/template.php).
- Notice: session_start(): A session had already been started - ignoring in include() (line 2 of /home/alfi/tes_website/sites/all/themes/tes/templates/partials/modal_desktop.tpl.php).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'und' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Notice: Trying to get property 'value' of non-object in get_user_profile() (line 1428 of /home/alfi/tes_website/sites/all/modules/custom/tes_checkout/tes_checkout.module).
- Warning: Use of undefined constant REQUEST_URI - assumed 'REQUEST_URI' (this will throw an Error in a future version of PHP) in include() (line 46 of /home/alfi/tes_website/sites/all/themes/tes/templates/html.tpl.php).
- Notice: Trying to get property 'field_tags2' of non-object in include() (line 67 of /home/alfi/tes_website/sites/all/themes/tes/templates/html.tpl.php).
- Warning: Invalid argument supplied for foreach() in include() (line 67 of /home/alfi/tes_website/sites/all/themes/tes/templates/html.tpl.php).
- Notice: Trying to get property 'nid' of non-object in include() (line 71 of /home/alfi/tes_website/sites/all/themes/tes/templates/html.tpl.php).
- Notice: Trying to get property 'field_sections' of non-object in include() (line 71 of /home/alfi/tes_website/sites/all/themes/tes/templates/html.tpl.php).
- Notice: Trying to get property 'status' of non-object in include() (line 72 of /home/alfi/tes_website/sites/all/themes/tes/templates/html.tpl.php).
- Notice: Trying to get property 'type' of non-object in include() (line 78 of /home/alfi/tes_website/sites/all/themes/tes/templates/html.tpl.php).
- Notice: Undefined offset: 0 in getContentMeta() (line 479 of /home/alfi/tes_website/sites/all/themes/tes/templates/html.tpl.php).
- Notice: Undefined offset: 1 in getContentMeta() (line 480 of /home/alfi/tes_website/sites/all/themes/tes/templates/html.tpl.php).
- Warning: preg_replace(): No ending delimiter '"' found in getContentMeta() (line 481 of /home/alfi/tes_website/sites/all/themes/tes/templates/html.tpl.php).
- User warning: The following module is missing from the file system: native_ad_mobile_app. For information about how to fix this, see the documentation page. in _drupal_trigger_error_with_delayed_logging() (line 1143 of /home/alfi/tes_website/includes/bootstrap.inc).
- User warning: The following module is missing from the file system: tes_new_module. For information about how to fix this, see the documentation page. in _drupal_trigger_error_with_delayed_logging() (line 1143 of /home/alfi/tes_website/includes/bootstrap.inc).
- Notice: Constant EVENT_INSERT already defined in require_once() (line 4 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/in_app_subscription/repositories/apple_subscription.repository.php).
- Notice: Constant EVENT_UPDATE already defined in require_once() (line 5 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/in_app_subscription/repositories/apple_subscription.repository.php).
- Notice: Constant REDIS_TTL_TAXONOMY already defined in include_once() (line 38 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_v2/tes_api_v2.module).
- Notice: Constant EVENT_INSERT already defined in require_once() (line 4 of /home/alfi/tes_website/sites/all/modules/custom/tes_gpt_summarize/repositories/tes_gpt_summarize.repository.php).
- Notice: Constant EVENT_UPDATE already defined in require_once() (line 5 of /home/alfi/tes_website/sites/all/modules/custom/tes_gpt_summarize/repositories/tes_gpt_summarize.repository.php).
- Notice: session_start(): A session had already been started - ignoring in include_once() (line 2 of /home/alfi/tes_website/sites/all/modules/custom/tes_simultaneous_login/tes_simultaneous_login.module).
- Warning: count(): Parameter must be an array or an object that implements Countable in _uc_line_item_list() (line 133 of /home/alfi/tes_website/sites/all/modules/ubercart/uc_order/uc_order.line_item.inc).
- Notice: Undefined index: issue_id in allow_view_pdf() (line 100 of /home/alfi/tes_website/sites/all/modules/custom/tes_pdf_viewer/tes_pdf_viewer.module).
- Notice: Trying to get property 'field_free_to_view_pdf' of non-object in allow_view_pdf() (line 101 of /home/alfi/tes_website/sites/all/modules/custom/tes_pdf_viewer/tes_pdf_viewer.module).
- Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 127 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
- Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 127 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
- Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 127 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
- Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 127 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
- Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 127 of /home/alfi/tes_website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
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Home Yangzijiang Shipbuilding
Broker's Calls
UOB Kay Hian’s Loh raises target price for Yangzijiang Shipbuilding to $4.10 following 3QFY2025 business update
His new PE-based target price of $4.10 remains based on the same valuation multiple of 9.3 times, which is 1.5 standard deviation above the company’s 10-year average of 6.3 times.
November 19, 2025
Billion Dollar Club 2025
Sembcorp wins Company of the Year with growing energy portfolio; ST Eng, YZJ Shipbuilding chalk up respective wins
Sembcorp Industries, ST Engineering and Yangzijiang Shipbuilding have enjoyed strong growth.
November 14, 2025
Singapore economy
STI gains 1.54% to close at record 4,484.99 points thanks to Singtel, Yangzijiang Shipbuilding and DBS
The Straits Times Index (STI) also reached a record intra-day high of 4,485.5 points on Nov 6.
November 06, 2025
Broker's Calls
UOB Kay Hian's Loh raises target price for Yangzijiang Shipbuilding to $3.90
The company’s 2026 PE and EV/EBITDA multiples appear inexpensive at 8.5x and 4.6x respectively
October 28, 2025
Broker's Calls
DBS maintains $3.80 target price on Yangzijiang following US$180 million order cancellation
In the past 3 months, Yangzijiang's share price has gained nearly 50%, but still trading at 8x PE and 2x PB, says DBS
September 29, 2025
Contracts
Yangzijiang Shipbuilding cancels US$180 mil order placed by customer trying to circumvent US sanctions
A 10% deposit of the contract value, or some US$18 million, was received at the time the contracts were signed
September 27, 2025
Corporate moves
Yangzijiang Maritime prepares for sail
The spin-off aims to chart a cleaner growth path, free of China’s real estate slump
August 28, 2025
Corporate moves
Order book depth keeps Yangzijiang Shipbuilding afloat
One area of enduring strength for Yangzijiang Shipbuilding is the surge in demand for green vessels.
August 28, 2025
Broker's Calls
New orders slowing but UOBKH's Loh remains 'overweight' on offshore and marine sector
Keppel and Seatrium will report their first-half numbers on July 31
July 29, 2025
Best Funds Awards
Nikko Asset Management wins four awards across active, passive strategies
Nikko AM's four funds scored wins, including its Shenton Thrift Fund where Yangzijiang Shipbuilding and Sea gained 108% and 172% in 2024
April 16, 2025