SINGAPORE (Mar 4): DBS Group Research is maintaining Yangzijiang Shipbuilding at “buy” with $1.82 target price, saying it is one of the world’s best managed and profitable shipyards.
See: Yangzijiang reports 23% rise in FY18 earnings to $727 mil on higher shipbuilding and trading revenue
Yangzijiang is also the prime beneficiary of a stronger USD and among the best proxies for exposure to a recovery in the shipping and shipbuilding sectors, adds the research house.
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