- We highlight that Yangzijiang is the only stock in the Straits Times Index that currently trades at a single-digit P/E multiple but still delivers a yield of >5% and generates an ROE of >26%.
Handily beating estimates.
- - Read this at SGinvestors.io -
- In 2025, Yangzijiang recorded its highest shipbuilding margin since its IPO in 2007 at 35.1%, a y-o-y expansion of 7.2ppt that was supported by stronger shipbuilding execution, improved operating leverage and favourable contract pricing dynamics, particularly for steel.
Generous dividends at last.
- - Read this at SGinvestors.io -
- Representing a payout ratio of 50%, Yangzijiang stated that this level should be sustainable for both 2026 and 2027, highlighting its confidence in the execution of its orderbook and cash flow generation. As a result, we have raised our payout ratio to 50% for 2026-27.
Shipbuilding margins continue to expand.
- Read more at SGinvestors.io.
