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

Felicia Tan
Felicia Tan9/22/2021 6:27 PM GMT+08  • 5 min read
Analysts keep 'buy' on Yangzijiang as risk of defaults mitigated
CGS-CIMB and UOB have kept their target prices on Yangzijiang unchanged at $1.91 and $2.00 respectively.
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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.

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