- Our positive view on Yangzijiang Shipbuilding (SGX:BS6) has not changed after its 3Q25 business update and subsequent analyst briefing.
Positive order win momentum.
- - Read this at SGinvestors.io -
- Importantly, Yangzijiang appeared to be confident of securing about US$4.5b in new orders for 2026, supported by continued demand for containerships and opportunistic drybulk orders amid trough valuations.
Margin outlook for 2026.
- - Read this at SGinvestors.io -
- With its new Hongyuan yard starting in end-26, margins may soften as the company integrates this new asset into its operations; however, management appeared confident that it will be able to generate robust margins after the integration.
The TACO1 trade as expected.
- 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/.
Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2025-11-19
Read also UOB's most recent report:
2026-06-22 Yangzijiang Shipbuilding - Chartering Breakthrough Meets Qatar's Multi-Year Outage.
Previous report by UOB:
2026-05-21 Yangzijiang Shipbuilding - On Track Across Orders, Deliveries, and Dividends.
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
