- Yangzijiang’s 3Q23 business update indicated that the company remains on track to have another strong year for profits and new order wins, backed by an excellent track record in vessel deliveries.
- - Read this at SGinvestors.io -
No surprises with solid outlook intact.
- Yangzijiang Shipbuilding (SGX:BS6) provided a solid 3Q23 business update, guiding that revenue trends thus far have been on track and should not provide any negative surprises to the market for the full year.
- - Read this at SGinvestors.io -
Continues to experience strong order-win momentum.
- As expected, order win momentum continued in 3Q23 with US$770m in new orders. This has resulted in year-to-date orders worth US$6.54b, well ahead of Yangzijiang’s admittedly conservative guidance of US$3b and in line to possibly exceed our estimate of US$7b.
A new phenomenon of surging tanker demand.
- Read more at SGinvestors.io.
