CGS-CIMB Research analyst Lim Siew Khee has reiterated her “add” call for Yangzijiang Shipbuilding (Holdings) with an unchanged target price of $1.91 after the company announced it had secured US$534 million ($716.7 million) in new contracts on September 2. With the new contracts, Yangzijiang’...

UOB Kay Hian has added Lendlease Global Commercial REIT (LREIT) to its alpha picks portfolio on Sept 3 after the portfolio “handily beat” the performance of the Straits Times Index (STI) in the month of August. During the month, UOB Kay Hian’s alpha picks portfolio rose 0.9% m-o-m on an equal-...

THE Singapore dollar shares of China-based Yangzijiang Shipbuilding Holdings are up 72.8 per cent this year, making the shipbuilder the best performing constituent of the Straits Times Index by a long way. The second-best performer is CapitaLand, up 24.3 per cent.

The financial sector in Singapore will see the biggest impact as Sea Limited’s weighting within the MSCI Singapore index increases from 2.5% to 11.0% on Sept 1, says UOB Kay Hian analyst Adrian Loh and the Singapore research team. See: What does it mean for Singapore when foreign-listed shares are...

SHARES of Yangzijiang Shipbuilding advanced in the morning trading session on Tuesday.

The Singapore Exchange Regulation (SGX RegCo) has issued a query to Addvalue Technologies after shares in the company plunged some 46.2% to 0.7 cent as at 9.38am from the previous day’s close of 1.3 cents. The 0.7-cent mark also represents a 52-week low. Shares in Addvalue Tech were also the top t...

Go for visibility and resilience, say DBS Group Research analysts Yeo Kee Yan and Woon Bing Yong, favouring stocks with visible growth like Keppel Corp, ST Engineering, UOB, UMS and more. “STI’s choppy rangebound trend from the 3,030 to 3,230 level since the middle of March should continue in th...

Analysts from CGS-CIMB Research and DBS Group Research have reiterated “add” and “buy” on Mainboard-listed Yangzijiang after the group reported 39% y-o-y higher earnings of RMB1.6 billion ($335.1 million) for the 1HFY2021 ended June on Aug 5. The results surpassed the expectations of both br...

tnailun@sph.com.sg

SHARES of Yangzijiang Shipbuilding are up on Friday after the shipbuilder posted a 39 per cent on-year growth in its net profit for the half-year ended June 30.