Yangzijiang Shipbuilding's New Order Update Appears Bullish -- Market Talk
Dow Jones
Yesterday
0319 GMT - Yangzijiang Shipbuilding's recent update that it has secured US$0.92 billion worth of new orders appears bullish to UOB Kay Hian's Adrian Loh, given that its 70% higher than the group's 1H order wins. The new orders should boost earnings visibility for the Singapore-listed shipbuilder into 2027 and 2028, Loh says in a note. The company's shares have rallied around 64% since a decline in April. However, the stock trades at a "very inexpensive" 2026 price-to-earnings ratio of 7.6X. UOB Kay Hian rolls its valuation year forward to 2026 and raises the target price to S$3.60 from S$3.45. Shares are up 1.9% at S$3.16. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
September 07, 2025 23:19 ET (03:19 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.