Home Capital Broker's Calls

The tide is turning for Yangzijiang, says DBS

Amala Balakrishner
Amala Balakrishner12/4/2020 12:30 PM GMT+08  • 2 min read
The tide is turning for Yangzijiang, says DBS
DBS is maintaining its buy call and $1.40 target price on Yangzijiang.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The tide appears to be turning for Yangzijiang Shipbuilding, after its MSCI rebalancing in early November set it by 5 - 39% behind his peers, observes DBS analyst Ho Pei Hwa.

Following this, the counter has been left out in the recent equity rally and rotational interests into cyclicals to position for an economic recovery that came after news on the progress of the Covid-19 vaccine development.

Instead, Yangzijiang’s share price dipped by 1%. This was an underperformance of 17% against the straits times index and up to 39% vis-à-vis regional shipyards.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.