Yangzijiang Shipbuilding's Profit Could Gain on Lower Steel Prices -- Market Talk

Dow Jones
Nov 19

0238 GMT - Yangzijiang Shipbuilding's revenue and profit over the next few years could grow more than Citi analyst Luis Hilado's previous expectations. The Singapore-based shipbuilder is set to work on higher-value container ship contracts next year, according to its management, which could support higher revenue. His prior concerns of rising steel costs have also abated and lower prices could be the main driver of higher profit. He raises his 2025-2027 profit estimates by 1%-18%. While the company's newer order wins are lower in value and could affect future profitability, he believes the order wins from 2024 could still boost revenue and profitability. This could drive a rerating in the company's shares. Citi raises its target price to S$4.20 from S$3.55 and maintains a buy rating. Shares rise 5.2% to S$3.43.(megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

November 18, 2025 21:38 ET (02:38 GMT)

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