Home Capital Broker's Calls

Analysts upgrade estimates on Yangzijiang's earnings and order wins following new US$871 mil order win

Felicia Tan
Felicia Tan7/2/2021 05:16 PM GMT+08  • 4 min read
Analysts upgrade estimates on Yangzijiang's earnings and order wins following new US$871 mil order win
CGS-CIMB has kept its target price of $1.63 while UOB Kay Hian has upped its target price estimate to $1.90.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Analysts from CGS-CIMB Research and UOB Kay Hian remain positive on Yangzijiang after the Mainboard-listed shipbuilding company announced its order win of US$871 million ($1.17 billion) on June 30, one week after it secured US$715 million worth of new orders.

CGS-CIMB analyst Lim Siew Khee has kept “add” on the counter with an unchanged target price of $1.63 while UOB Kay Hian analyst Adrian Loh has maintained his “buy” call with a higher target price of $1.90 from $1.76 previously.

To Lim, the group has “struck gold” but remains an unappreciated counter.

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)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now