SINGAPORE (July 1): UOB Kay Hian (UOBKH) is maintaining its “buy” call and target price on Yangzijiang Shipbuilding at $1.22. This gives the counter a 27.1% upside from its 96-cents close on June 26, analyst Adrian Loh says in a June 30 note.

“While share price drivers appear to be thin on the ground at present, we believe the business conditions faced by YZJ will trough over the next four months,” he elaborates.

“We believe its current share price up to at least S$1.10 should be protected by its 2020F yield of 4.6%, which we view as reasonably secure”.

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