- No financials were disclosed at Yangzijiang Shipbuilding (SGX:BS6)’s 1Q23 update. Year-to-date order wins at 39% of US$3bn 2023 target. Orderbook of US$10.98bn continues to beat previous peak of US$10.51bn at end-FY22.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- Yangzijiang has less than 10 vessel slots left for delivery in 2026F. Management said it does not have a vessel preference, with its main priority being securing the highest contract prices. Yangzijiang has delivered 16 vessels year-to-date (~28% of its 57 vessels in 2023F target).
- We expect Yangzijiang’s margins to expand in FY23F-25F.
- Read more at SGinvestors.io.
Yangzijiang Shipbuilding - Charging Forth
YANGZIJIANG SHIPBLDG HLDGS LTD (SGX:BS6)
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
LIM Siew Khee CGS-CIMB Research | Izabella TAN CGS-CIMB Research | https://www.cgs-cimb.com 2023-04-25
Read also CGS-CIMB's most recent report:
2023-11-03 Yangzijiang Shipbuilding - Pursuing High-value Oil Tanker Orders.
Previous report by CGS-CIMB:
2023-09-20 Yangzijiang Shipbuilding - Inverse Direction Between Ship Prices & Steel Prices Driving Margin Upcycle.
Price targets by 2 other brokers at Yangzijiang Target Prices.
Listing of research reports at Yangzijiang Analyst Reports.
Relevant links:
Yangzijiang Share Price History,
Yangzijiang Announcements,
Yangzijiang Dividend Payout Dates & Corporate Actions,
Yangzijiang News
