- 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.
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/ 2023-11-06
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
