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.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook