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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.
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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.

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