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DBS reiterates 'buy' call on YZJ; spin-off YZJFH aims for ROE of 8-10%

The Edge Singapore
The Edge Singapore4/12/2022 04:39 PM GMT+08  • 3 min read
DBS reiterates 'buy' call on YZJ; spin-off YZJFH aims for ROE of 8-10%
YZJ is one of the largest private shipbuilders in China / YZJ
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DBS Group Research has reiterated its “buy” call and $2.15 target price on Yangzijiang Shipbuilding (Holdings), with the impending spin off of its investment arm.

“The listing of the investment arm improves corporate governance and catalyses the re-rating of its shipbuilding business,” notes DBS on April 12.

Yangzijiang Financial Holdings (YZJFH) is the investment arm that is now part of YZJ, one of the largest private ship builders in China and a component stock of the Straits Times Index.

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