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Yangzijiang cut to 'hold' by OCBC after good run

PC Lee
PC Lee10/4/2018 09:19 AM GMT+08  • 2 min read
Yangzijiang cut to 'hold' by OCBC after good run
SINGAPORE (Oct 4): While Yangzijiang Shipbuilding’s upward momentum may continue in the near term, OCBC Investment Research says upside potential for the stock is diminishing.
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SINGAPORE (Oct 4): While Yangzijiang Shipbuilding’s upward momentum may continue in the near term, OCBC Investment Research says upside potential for the stock is diminishing.

Yangzijiang has appreciated close to 48% from its trough in mid July over a span of just two and a half months.

However, analyst Low Pei Han says the stock is trading at 9.5 times forward earnings, above the five-year historical mean of 8.8x and 0.85 times book value which is close to its five-year historical mean of 0.9 times.

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