CGS-CIMB Research analyst Lim Siew Khee has reiterated her “add” call for Yangzijiang Shipbuilding (Holdings) with an unchanged target price of $1.91 after the company announced it had secured US$534 million ($716.7 million) in new contracts on September 2.

With the new contracts, Yangzijiang’s contract wins have risen to US$7.21 billion, while its estimated order book stands at a record US$9.18 billion. Year-to-date, Yangzijiang has secured 118 effective shipbuilding contracts. 

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