Yangzijiang Shipbuilding - UOB Kay Hian 2024-06-10: The Not-So-Little S-Chip That Could

• Yangzijiang share price's strong performance this year reflects its stellar operational and new order win performance by riding the shipbuilding upcycle, in our view. We have upgraded our earnings forecast for Yangzijiang Shipbuilding (SGX:BS6) by 10-30% as well as our 2024 order win expectations from US$5b to US$7b despite the company maintaining its guidance of US$4.5b.

Market giving due recognition to a solid business.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -
• Year-to-date, Yangzijiang is the best performer on the STI, up 62.4% and handily beating the STI’s 2.8% gain.

Order wins continue to be robust.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-05-26 Yangzijiang Shipbuilding - Big Backlog – But New Order Wins Needed In The Medium Term.

Previous report by UOB:
2025-02-28 Yangzijiang Shipbuilding - Solid 2024 Results With Shipbuilding Margins The Highlight.

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 Dividend Payout Dates & Corporate Actions,
Yangzijiang News