Yangzijiang Shipbuilding shares soared 14.1% in morning trading on Monday.

In a report released, Pei Hwa Ho from DBS reiterated a Buy rating on Yangzijiang Shipbuilding, with a price target of S$3.80. The company’s shares closed last Friday at $1.52.

Hwa Ho covers the Industrials sector, focusing on stocks such as Yangzijiang Shipbuilding (Holdings), Seatrium Limited, and Sembcorp Industries. According to TipRanks, Hwa Ho has an average return of 6.4% and a 48.35% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Yangzijiang Shipbuilding (Holdings) with a $2.19 average price target, implying a 44.08% upside from current levels. In a report released on April 14, CLSA also maintained a Buy rating on the stock with a S$2.60 price target.

Yangzijiang Shipbuilding issued a “Share Buy Back - Daily Share Buy - Back Notice” at 18:14:37 on April 17, 2025. Submitted by Ren Letian, Executive Chairman and Chief Executive Officer, the notice details a share buy - back via market acquisition. On April 17, 2025, 1,000,000 shares were purchased on the Singapore Exchange, with the highest price per share at SGD 2.07 and the lowest at SGD 2.04, totaling SGD 2,056,014.97. These shares were held as treasury shares (not cancelled). Cumulatively, as of the date of the notice, 15,000,000 shares had been purchased via market acquisition, accounting for 0.377% of the company’s issued shares (excluding treasury shares as of the share - buy back resolution date). After this purchase, the number of issued shares excluding treasury shares was 3,935,589,220, and the number of treasury shares held was 38,487,780.

Meanwhile, Yangzijiang Shipbuilding has issued a revised notice replacing the earlier one dated 15 April 2025, announcing the revised record date for the proposed final dividend of S$0.12 per ordinary share for the financial year ended 31 December 2024. Subject to shareholders' approval at the Nineteenth Annual General Meeting to be held on 29 April 2025, the company's share transfer books and register of members will close at 5.00 p.m. on 6 May 2025. The change is due to the Chinese Yuan counter for the company's shares and the upcoming public holiday in China from 1 May to 5 May 2025, which affects the settlement of CNY-denominated shares, with the revised date ensuring fair determination of entitlements across all currency counters. Duly completed transfers received by the share registrar up to the revised record date will be registered before shareholders' entitlements are determined, and shareholders with shares credited as of that time will be entitled to the dividend. The payment date remains unchanged, scheduled for on or about 13 May 2025. The notice was issued by order of the board, with Executive Director and Chief Executive Officer Ren Letian signing it on 17 April 2025.