Analysts from Citi Research and UOB Kay Hian have kept “buy” on Mainboard-listed Yangzijiang Holdings after the shipping group announced its plans to spin-off its investment business for its separate listing on Nov 29.

See: Yangzijiang plans to spin off investment business for separate listing

Citi analyst Jame Osman has given the group a target price of $1.80 based on a sum of the parts (SOTP) valuation methodology to reflect Yangzijiang’s diversified business.

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