- Yangzijiang Shipbuilding (SGX:BS6) is the largest and best-managed private shipbuilder in China with a wide economic moat to compete against Chinese and Korean peers. It has at least a 5-ppt cost advantage through yard optimization as well as superior project execution and cost control.
- - Read this at SGinvestors.io -
Obtained landuse rights approval for capacity expansion.
- See Yangzijiang's announcement dated 15 July 2024. The group has entered into a framework agreement with the local government for the acquisition of land use rights of ~1300 mu (~866,671 sqm) of land in the Xinqiao Park of the Jingjiang Economic and Technological Development Zone for the establishment of a new clean energy ship manufacturing base.
- - Read this at SGinvestors.io -
- Yangzijiang Shipbuilding plans to invest ~RMB3Bbn over next 2 years to complete the capacity expansion for LNG carriers and other clean energy vessels. The expansion plan is subject to the results of the feasibility study and finalisation as well as relevant approvals from various governmental agencies.
Lifting growth prospects ahead.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Pei Hwa HO DBS Group Research | https://www.dbs.com/insightsdirect/ 2024-07-16
Read also DBS's most recent report:
2024-08-13 Yangzijiang Shipbuilding - Reaching New Heights; 1H24 Results Ahead By A Wide Margin.
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
