- Yangzijiang Shipbuilding’s strong 3Q24 business update was due to US$3.16b in new orders as well as shipbuilding margins remaining above 26% year-to-date. This continued spate of order wins has resulted in the company’s orderbook hitting a historical high of US$22.14b as at end- 3Q24.
- - Read this at SGinvestors.io -
More new orders in 3Q.
- Yangzijiang Shipbuilding (SGX:BS6) reported 9M24 new order wins of US$11.64b, implying that 3Q order wins were US$3.16b. These new orders comprised two LNG dual-fuel 9,000TEU containerships, 12 LNG dual-fuel 17,000TEU and two 100,000cbm Very Large Ethane Carriers.
- - Read this at SGinvestors.io -
Order win target for 2025 will be higher than for 2024.
- 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/ 2024-11-11
Previous report by UOB:
2024-08-14 Yangzijiang Shipbuilding - Powering Onwards & Upwards.
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
