Game-changing win of LNG carrier orders.
- Yangzijiang secured its highly anticipated first orders for two 175k cbm LNG Carriers (estimated to be worth ~US$240m each) in end Oct- 2022, after obtaining the GTT license in early Sept-2022. It is also the first Chinese private shipyard that has penetrated into this high technical barrier market that is 90% dominated by Korean shipbuilders. We are expecting more LNG carrier orders to come, serving as a key re-rating catalyst for the stock.
- - Read this at SGinvestors.io -
Minimal operation disruption from COVID lockdowns.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Pei Hwa HO DBS Group Research | https://www.dbs.com/insightsdirect/ 2022-11-15
Read also DBS's most recent report:
2023-08-07 Yangzijiang Shipbuilding - Promising 1H23 Results; Steady Growth & Attractive Yield.
Previous report by DBS:
2023-02-24 Yangzijiang Shipbuilding - A Decent FY22; Compelling Growth Ahead.
Price targets by other brokers at Yangzijiang Target Prices.
Listing of research reports at Yangzijiang Analyst Reports.
Relevant links:
Yangzijiang Share Price History,
Yangzijiang Announcements,
Yangzijiang Dividends & Corporate Actions,
Yangzijiang News Articles
