- 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.