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.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)