UOB Kay Hian analyst Adrian Loh has maintained “market weight” on the offshore marine sector, amid “very small green shoots emerging”. In a report dated March 17, Loh says “the latest rig utilisation and day rates could indicate that the worst is over for the offshore marine industry”. C...

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Frasers Logistics & Commercial Trust (FLCT) could replace Jardine Strategic as a constituent in the next review of the Straits Times Index (STI) in June, says CGS-CIMB Research analyst Lim Siew Khee. See: Jardine Matheson Holdings to acquire remaining stake in Jardine Strategic for US$5.5 b...

CGS-CIMB Reseach analyst Lim Siew Khee maintained her ‘add’ rating for Yangzijiang Shipbuilding with an unchanged target price of $1.54 after the company recently announced it had signed contracts to build 31 vessels for a total contract value of US$1.74 billion ($2.32 billion). Lim says that th...

THE following companies saw new developments that may affect trading of their securities on Monday:

Yangzijiang Shipbuilding Holdings says it has signed contracts for another 31 vessels with a total contract value of US$1.74 billion ($2.32 billion) on March 5. The new order wins come slightly less than a month after the Mainboard-listed group secured agreements worth US$1.3 billion for the buildin...

Analysts from DBS Group Research and CGS-CIMB Research have both maintained their respective “buy” and “add” calls for Yangzijiang Shipbuilding with increased target prices after the company announced its FY2020 results on Feb 25. Yangzijiang’s 4QFY2020 earnings increased 17% y-o-y on the ...

THE following companies saw new developments that may affect trading of their securities on Friday:

Yangzijiang Shipbuilding (Holdings) has reported FY2020 earnings of RMB2.5 billion, down 19% from the preceding year. Revenue in the same period was down 37% to RMB14.8 billion. Despite the full-year earnings decline, there was a marked improvement in 4QFY2020. Revenue for the quarter ended Dec 31 2...

YANGZIJIANG Shipbuilding's net profit for the fourth quarter ended Dec 31, 2020, rose 17 per cent year on year to 753.46 million yuan (S$154 million) as margins improved.