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Analysts positive on Yangzijiang following strategic review of investment arm

Felicia Tan
Felicia Tan8/12/2021 3:31 PM GMT+08  • 4 min read
Analysts positive on Yangzijiang following strategic review of investment arm
CGS-CIMB and DBS have kept "add" or "buy" while OCBC has recommended "hold" on YZJ with a higher TP estimate.
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Analysts from CGS-CIMB Research and DBS Group Research have reiterated “add” and “buy” on Mainboard-listed Yangzijiang after the group reported 39% y-o-y higher earnings of RMB1.6 billion ($335.1 million) for the 1HFY2021 ended June on Aug 5.

The results surpassed the expectations of both brokerages.

CGS-CIMB analyst Lim Siew Khee has maintained her target price of $1.91 in an Aug 6 report after increasing her estimate from $1.63 in a previous report dated Aug 2.

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