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Yanzijiang gets an upgrade as orders could surpass expectations

Samantha Chiew
Samantha Chiew6/6/2018 10:50 AM GMT+08  • 3 min read
Yanzijiang gets an upgrade as orders could surpass expectations
SINGAPORE (June 6): CGS-CIMB Securities is upgrading its recommendation on Yangzijiang Shipbuilding to “add” from “hold” with a target price of $1.27.
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SINGAPORE (June 6): CGS-CIMB Securities is upgrading its recommendation on Yangzijiang Shipbuilding to “add” from “hold” with a target price of $1.27.

This came despite the fact that the group is the second-worst performer on the Straits Times Index, after Starhub.

In a Tuesday report, analyst Lim Siew Khee says, “We think its share price has pessimistically priced in a sharper drop in orders and margin erosion.”

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