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Home / Capital / Brokers Calls

Analysts keep 'buy' on Yangzijiang as risk of defaults mitigated

Broker's Calls

Analysts keep 'buy' on Yangzijiang as risk of defaults mitigated

Felicia Tan Published on Wed, Sep 22, 2021 / 6:27 PM GMT+8 / Updated 2 days ago

Analysts are remaining positive on Mainboard-listed Yangzijiang Shipbuilding amid the default risk concerns trigged by China Evergrande Group.

CGS-CIMB Research analyst Lim Siew Khee has maintained “buy” on Yangzijiang with an unchanged target price of $1.91.

In her report on Sept 21, Lim assessed the credit risks of the group’s RMB16.6 billion ($3.47 billion) as at end-1HFY2021, given China’s Evergrande’s rising default risks.