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Hope arises as Yangzijiang buoyed by new orders

Jude Chan
Jude Chan4/4/2017 12:15 PM GMT+08  • 2 min read
Hope arises as Yangzijiang buoyed by new orders
SINGAPORE (April 4): CIMB Research is keeping its “add” call on Yangzijiang Shipbuilding with an unchanged target price of $1.21 on the back of new orders.
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SINGAPORE (April 4): CIMB Research is keeping its “add” call on Yangzijiang Shipbuilding with an unchanged target price of $1.21 on the back of new orders.

YZJ in first quarter 2017 added 13 new shipbuilding contracts totalling US$318 million ($444.3 million) to its order book.

These include five units of 62,000DWT woodchip carriers ordered by Pan Ocean Korea, and five units of 82,000DWT bulk carriers ordered by Greece-based Chartworld Shipping.

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