- Yangzijiang Shipbuilding’s stellar share price performance since the demerger of its debt investments arm in Apr 22 has led to recent profit-taking on the stock.
- With the potential for a doubling of dividends that could be announced at end-Feb 23 plus a potential US$400m new order win on the cards, we upgrade Yangzijiang Shipbuilding to BUY. Target price for Yangzijiang remains unchanged at S$1.55.
Upgrade Yangzijiang to BUY as risk-reward looks attractive.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
Potential for higher-than-expected dividends.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-01-10
Read also UOB's most recent report:
2023-11-06 Yangzijiang Shipbuilding - Sailing Towards A Strong Year On Multiple Fronts.
Previous report by UOB:
2023-08-07 Yangzijiang Shipbuilding - Solid Expansion In Shipbuilding Margins In 1H23.
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
