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. 

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook