- Yangzijiang's share price tumbled 12% to S$1.20 in first two trading days of the year on high average daily volume of 86m shares (vs 2-year average daily volume of 30m).
Share price weakness is a buying opportunity
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- Operationally, Yangzijiang Shipbuilding's vessel construction and delivery are on schedule. Margin improvement trend should sustain in 2023 with the delivery of higher margin orders secured since 2021.
Common concerns on Yangzijiang Shipbuilding raised by investors:
Rising steel cost and RMB appreciation?
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Any production disruption or delivery delays?
- Yangzijiang has demonstrated an excellent track record since listing in 2007. During COVID lockdowns in 2020, they managed to catch up on work and deliver vessels mostly on time. Our channel checks also suggest that there was minimal production disruption in recent COVID waves in China.
Shipbuilding orders tapering off?
- Read more at SGinvestors.io.