Uob Kay Hian analyst Adrian Loh has kept “buy” on Yangzijiang Shipbuilding with an unchanged target price of $1.76, as the group is racing towards securing a record number of order wins in 2021.

The group currently has slightly over US$4 billion ($5.33 billion) generated in new orders year-to-date (y-t-d) in 2021.

To put things in context, Yangzijiang secured a record US$5 billion in new order wins in 2007.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook