DBS Group Research is keeping its “buy” recommendation on Yangzijiang Shipbuilding (YZJ) with a target price of $1.40 as the company is seeing a momentum in order wins.

On August 31, YZJ announced that it has secured a new contract for containerships worth some US$252 million ($342.2 million).

See: Yangzijiang wins new contract for containerships worth total of US$252 mil

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