SINGAPORE (June 15): DBS Research Group is reiterating its “buy” call and target on Yangzijiang Shipbuilding at $1.40. This gives the counter a 43% upside from its 98-cent close on June 12, analyst Ho Pei Hwa says in a June 15 flash note.

“Stock is attractive at 0.6x P/BV and 7x FY20F PE despite offering 8-9% ROE and 4% dividend yield,” she elaborates. 

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