Yangzijiang Shipbuilding Holdings Ltd.

Yangzijiang Shipbuilding Holdings is an investment holding company. Through its subsidiaries, Co. operates in two segments: shipbuilding, which is engaged in shipbuilding, ship breaking, offshore marine equipment construction, and ship design; and investment, which consist of microfinancing, investments in financial assets, held-to-maturity, and venture capital activities.
  • TickerB8O
  • ISINSG1U76934819
  • SectorIndustrial Engineering
  • CountryGermany
UOB
Adrian Loh Tzum Yung ...
  • Benyamin Mikael
  • Carol Dou Xiao Qin
  • K Ajith
  • Kader Farhan Bin Kader Ridzwan
  • Michael Cheung Ho Bun
  • Philip Wong
  • Shaun Tan
  • Siwakorn Mitsantisuk
  • Zhifeng Shen
  • Ziv Ang Sze Champ

Regional Morning Notes - Monday, June 29, 2020

GREATER CHINA Sector Property: Sales momentum sustained in primary market. Results China Gas (384 HK/BUY/HK$27.20/Target: HK$37.60): FY20: Solid earnings growth; LPG micro pipeline network to fuel future growth. Update BOC Aviation (2588 HK/HOLD/HK$48.20/Target: HK$50.20): Rising airline failures raise credit risk. The United Labs (3933 HK/BUY/HK$6.98/Target: HK$9.00): Expect insulin segment to continue to outperform; upgrade to BUY. INDONESIA Update Ciputra Development (CTRA IJ/BUY/Rp630/Target: Rp1,000): Better business outlook and stronger financials. MALAYSIA Results Gabungan AQRS (AQRS ...

UOB
Adrian Loh Tzum Yung

Yangzijiang Shipbuilding (Holdings) (YZJSGD SP) - New orders slowly trickling in

While YZJ’s US$102m order win last week was small, we note that the company continues to add to its orderbook in a difficult year. The company now has 16 options worth nearly US$1.2b if exercised, with ytd orders totalling US$531m. In the medium term, share price will likely be supported by its S$0.045/share dividend which we do not believe is at risk of being cut. Maintain BUY. Target price: S$1.22.

UOB
Adrian Loh Tzum Yung

Singapore Daily - Monday, June 29, 2020

KEY HIGHLIGHTS Update Yangzijiang Shipbuilding (Holdings) (YZJSGD SP/BUY/S$0.96/Target: S$1.22): Slowly but steadily, new orders are trickling in. TRADERS’ CORNER Wilmar International (WIL SP): Trading Buy SATS (SATS SP): Trading Sell

UOB
Adrian Loh Tzum Yung

Singapore Daily - Thursday, June 25, 2020

KEY HIGHLIGHTS Sector Offshore & Marine: Utilisation and day-rates have deteriorated and new orders remain challenging; original thesis of an upcycle being 2+ years away remains intact. TRADERS’ CORNER Mapletree Commercial Trust (MCT SP): Trading SELL Singapore Post (SPOST SP): Trading SELL

UOB
Singapore Research Team

Strategy - Alpha picks: Significant outperformance

Our portfolio rose 13.3% mom in April, significantly outperforming the FSSTI’s gain of 5.8% mom. For May, we add FEHT and Koufu, and remove ST Engineering and Food Empire.

UOB
Adrian Loh Tzum Yung ...
  • Benyamin Mikael
  • Carol Dou Xiao Qin
  • K Ajith
  • Kader Farhan Bin Kader Ridzwan
  • Michael Cheung Ho Bun
  • Philip Wong
  • Shaun Tan
  • Siwakorn Mitsantisuk
  • Zhifeng Shen
  • Ziv Ang Sze Champ

Regional Morning Notes - Monday, June 29, 2020

GREATER CHINA Sector Property: Sales momentum sustained in primary market. Results China Gas (384 HK/BUY/HK$27.20/Target: HK$37.60): FY20: Solid earnings growth; LPG micro pipeline network to fuel future growth. Update BOC Aviation (2588 HK/HOLD/HK$48.20/Target: HK$50.20): Rising airline failures raise credit risk. The United Labs (3933 HK/BUY/HK$6.98/Target: HK$9.00): Expect insulin segment to continue to outperform; upgrade to BUY. INDONESIA Update Ciputra Development (CTRA IJ/BUY/Rp630/Target: Rp1,000): Better business outlook and stronger financials. MALAYSIA Results Gabungan AQRS (AQRS ...

UOB
Adrian Loh Tzum Yung

Yangzijiang Shipbuilding (Holdings) (YZJSGD SP) - New orders slowly trickling in

While YZJ’s US$102m order win last week was small, we note that the company continues to add to its orderbook in a difficult year. The company now has 16 options worth nearly US$1.2b if exercised, with ytd orders totalling US$531m. In the medium term, share price will likely be supported by its S$0.045/share dividend which we do not believe is at risk of being cut. Maintain BUY. Target price: S$1.22.

UOB
Adrian Loh Tzum Yung

Singapore Daily - Monday, June 29, 2020

KEY HIGHLIGHTS Update Yangzijiang Shipbuilding (Holdings) (YZJSGD SP/BUY/S$0.96/Target: S$1.22): Slowly but steadily, new orders are trickling in. TRADERS’ CORNER Wilmar International (WIL SP): Trading Buy SATS (SATS SP): Trading Sell

UOB
Adrian Loh Tzum Yung

Singapore Daily - Thursday, June 25, 2020

KEY HIGHLIGHTS Sector Offshore & Marine: Utilisation and day-rates have deteriorated and new orders remain challenging; original thesis of an upcycle being 2+ years away remains intact. TRADERS’ CORNER Mapletree Commercial Trust (MCT SP): Trading SELL Singapore Post (SPOST SP): Trading SELL

UOB
Singapore Research Team

Strategy - Alpha picks: Significant outperformance

Our portfolio rose 13.3% mom in April, significantly outperforming the FSSTI’s gain of 5.8% mom. For May, we add FEHT and Koufu, and remove ST Engineering and Food Empire.

Thanks to a better fundamental star rating, YANGZJ.SHIPBLDG.HDG.LTD. sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to YANGZJ.SHIPBLDG.HDG.LTD. (SG), active in the Commercial Vehicles & Trucks industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date April 21, 2020, the closing price was SGD 1.02 and its expected value was estimated at SGD 0.92.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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