Yangzijiang Shipbuilding (Holding)

Deals, joint ventures & alliances

Yangzijiang Shipbuilding enters JV to buy 34% stake in Tsuneishi Group’s shipbuilding unit for RMB833.1 mil

Tsuneishi Group Shipbuilding is a wholly owned subsidiary of Tsuneishi Holdings with paid-up capital of US$73.4 million.

Results

Yangzijiang Shipbuilding reports record-high earnings of RMB3.06 bil for 1HFY2024, 77% higher y-o-y

Revenue rose by 15.3% y-o-y to RMB13.05 billion due to higher shipbuilding activities and better shipping charter rates.
Analysts positive on Yangzijiang Shipbuilding after new yard investment announcement - THE EDGE SINGAPORE

Broker's Calls

Analysts positive on Yangzijiang Shipbuilding after new yard investment announcement

CGS, Citi and DBS analysts have all kept their “buy” and “add” calls, and DBS raised its TP to $2.75.
Yangzijiang Shipbuilding working to acquire over 1300 acres of land for new clean energy ship manufacturing base - THE EDGE SINGAPORE

Company in the news

Yangzijiang Shipbuilding working to acquire over 866,671 sqm of land for new clean energy ship manufacturing base

The group plans to invest RMB 3 billion in capital in liquid natural gas and other clean energy vessels over the next 2 years.
JP Morgan raises Yangzijiang Shipbuilding’s TP to $2.80 as it sees it entering a ‘sweet spot’ for earnings - THE EDGE SINGAPORE

Broker's Calls

JP Morgan raises Yangzijiang Shipbuilding’s TP to $2.80 as it sees it entering a ‘sweet spot’ for earnings

Yangzijiang Shipbuilding is expected to report its results during the week of Aug 12.
Yangzijiang Shipbuilding changes record date and dividend payment date - THE EDGE SINGAPORE

Company in the news

Yangzijiang Shipbuilding changes record date and dividend payment date

The change was due to an “inadvertent error” in the record and dividend payment date.
UOB Kay Hian, DBS Group Research raise respective target prices for Yangzijiang Shipbuilding - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian, DBS Group Research raise respective target prices for Yangzijiang Shipbuilding

Analysts like how Yangzijiang was able to improve its margins amid a growing order book

Broker's Calls

UOBKH’s January alpha picks portfolio 'holds steady' amid market weakness, beats STI by 2.77ppts

Stocks were off to a “bumpy start” in Jan, with UOBKH’s alpha picks remaining flat.
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