Yangzijiang Shipbuilding - UOB Kay Hian 2024-11-11: Another Quarter Of Strong Order Wins

• 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.
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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.
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Order win target for 2025 will be higher than for 2024.

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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:
2025-02-28 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