Yangzijiang Shipbuilding (YZJ)

CoVid-19

Yangzijiang sails back into choppy waters amid coronavirus outbreak

SINGAPORE (Jan 28): Yangzijiang Shipbuilding has struggled to rebuild investor confidence after a probe by Chinese authorities involving executive chairman Ren Yuanlin saw the counter plunge 39% in

Investing ideas

6 top capital goods picks as sector stages earnings rebound

SINGAPORE (Dec 26): Capital goods – which are used in producing other goods, rather than being bought by consumers – are on the cusp of a “strong recovery” in earnings growth, market watchers say.

Results

Yangzijiang Shipbuilding sees 10% drop in 3Q earnings to $136.3 mil

SINGAPORE (Nov 14): Mainboard-listed shipbuilder Yangzijiang Shipbuilding saw its earnings shrink 10% to RMB702.3 million ($136.3 million) in 3Q19 ended in September, from RMB778.6 million in 3Q18.

Company in the news

As Yangzijiang's Ren 'assists' with graft probe, son Letian holds the fort

SINGAPORE (Sept 23): Rumours of the supposed disappearance of Yangzijiang Shipbuilding executive chairman Ren Yuanlin have prompted a flurry of activity at China’s largest private shipbuilder.

Management & Corporate Governance

Yangzijiang confirms executive chairman Ren Yuanlin 'assisting' in investigation by Chinese authorities

SINGAPORE (Aug 14): Yangzijiang Shipbuilding (YZJ) has confirmed that executive chairman Ren Yuanlin is “currently assisting in a confidential investigation” carried out by certain Chinese governme

Results

Yangzijiang posts 6% decline in 2Q earnings to $186 mil on lower revenue

SINGAPORE (Aug 5): Yangzijiang Shipbuilding saw its earnings slip 6% to RMB 936.4 million ($185.7 million) for the 2Q19 ended June, from RMB 994.9 million a year ago.

Broker's Calls

Yangzijiang kept at 'hold' by OCBC on volatility, soft bulker, container markets

SINGAPORE (June 11): OCBC Research is maintaining Yangzijiang Shipbuilding (YZJ) at “hold” with fair value estimate of $1.45.

Global Economy

US Fed to keep rates steady, UOB sees 2020 cut, No Signboard shares slump on CAD probe

(May 6): The US central bank is keeping rates steady, with Federal Reserve chairman Jerome Powell saying he sees no immediate need to move interest rates either higher or lower, and that the Fed is

Results

Yangzijiang reports 38% rise in 1Q earnings to $167 mil on higher revenue

SINGAPORE (Apr 29): Yangzijiang Shipbuilding, the shipbuilder based in China, reported 1Q19 earnings of RMB824 million ($167 million), up 38% from earnings of RMB595 million a year ago.

Broker's Calls

Yangzijiang a winner in current shipyard consolidation wave

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 shipyard

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