Yangzijiang Shipbuilding (YZJ)

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 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 ...
SGX shipbuilders could gain from merger of world's 2 largest yards
SINGAPORE (Feb 4): The integration between Korean mega shipbuilders Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME) spells good news for Singapore-listed shipyards. That’s because with the consolidation, Sembcorp Marine (SMM), Keppel Offshore & Marine (KEP O&M) and Yangzijiang Shipbuilding will get a chance to gain market share in the O&M ...
3 stocks to 'buy' as O&M sector makes slow recovery: DBS
SINGAPORE (Dec 21): DBS Group Research is keeping its “neutral” stance on the offshore and marine sector amid a slow pick up in new orders. “The overall conventional shipping market is expected to remain on a recovery path, albeit gradual,” says lead analyst Ho Pei Hwa in a 2019 outlook and strategy report. Ho notes that global orderbook-to-fleet ratio has dropped to a low of less ...
Yangzijiang reports 10% lower 3Q earnings of RMB779 mil on higher expenses, lower other gains
SINGAPORE (Nov 7): Yangzijiang Shipbuilding, the global shipbuilder based in China, reported 3Q18 earnings ended Sept of RMB778.6 million ($154 million), 10% lower compared to a year ago on higher expenses and lower other gains. This brings 9M earnings to RMB2.4 billion, 5% lower than a year ago. Group’s total revenue increased by 23% to RMB5.4 billion in 3Q18. In the shipbuilding ...
Yangzijiang cut to 'hold' by OCBC after good run
SINGAPORE (Oct 4): While Yangzijiang Shipbuilding’s upward momentum may continue in the near term, OCBC Investment Research says upside potential for the stock is diminishing. Yangzijiang has appreciated close to 48% from its trough in mid July over a span of just two and a half months. However, analyst Low Pei Han says the stock is trading at 9.5 times forward earnings, above the ...
Catalysts for Yangzijiang could come from stronger orders, margins and earnings: CGS-CIMB
SINGAPORE (Aug 8): CGS-CIMB Securities is surprised by Yangzijiang Shipbuilding’s record delivery of 20 vessels in 2Q18, boosting 2Q18 revenue by 120% y-o-y to RMB 7.6 billion ($1.5 billion). The delivery included 10 large vessels, including seven bulk carriers and three containerships. Year to date, Yangzijiang has already secured 22 vessels consisting 14 bulk carriers, seven ...
Yangzijiang posts 38% higher 2Q earnings of $199 mil on revenue growth
SINGAPORE (Aug 7): Yangzijiang Shipbuilding (YZJ) announced earnings of RMB 994.9 million ($198.7 million) for the 2Q ended June, up 38% from RMB 719.9 million a year ago on higher revenue. This brings the group’s earnings for 1H18 to RMB1.6 billion, 15% higher compared to RMB 1.4 billion in 1H17. Revenue for 2Q18 more than doubled to RMB 8 billion from RMB 3.8 million previously on ...
Yangzijiang may be the only O&M stock to deliver stronger q-o-q results this season: CGS-CIMB
SINGAPORE (July 13): CGS-CIMB Securities is maintaining its sector “overweight” on Singapore’s offshore & marine (O&M) industry with expectations of Yangzijiang Shipbuilding to deliver stronger q-o-q earnings on stronger shipbuilding margins. The counter has been rated “add” with a target price of $1.27, ahead of its 2Q results due Aug 8. In a Tuesday report, analyst Lim ...
Which way will Yangzijiang's ship sail?
SINGAPORE (Apr 30): Analysts agree Yangzijiang Shipbuilding’s results for the 1Q18 ended March were largely in line with expectations. But there is less agreement over where the stock is headed. According to Bloomberg data, YZJ has five “buy” calls, four “hold” calls, and one “sell” call among analysts. A 6-percentage-point drop in gross profit margin for YZJ’s core ...
Yangzijiang to acquire 60% stake in Jiangsu Huayuan Logistics for $37.7 mil
SINGAPORE (Apr 25): Yangzijiang Shipbuilding’s wholly-owned subsidiary, Jiangsu Yangzijiang Shipbuilding Co, has entered into an agreement to acquire a 60% stake in Jiangsu Huayuan Logistics Co. (JHLCO) for RMB 180 million ($37.7 million). JHLCO is primarily involved in the leasing and chartering of vessels, and also owns cargo transportation company Shanghai Huayuan Shipping Co. In a ...