YANGZIJIANG Financial’s wholly-owned subsidiaries have secured a liquidity pool scheme by the People’s Bank of China that will allow the group to grant inter-company transfers of up to 10 billion yuan (S$1.9 billion).

THE following companies saw new developments that may affect trading of their securities on Wednesday (Nov 23):

SINGAPORE-LISTED Yangzijiang Financial will partner Temasek-backed Heliconia Capital to invest in Singaporean and South-east Asian small and medium-sized enterprises (SMEs), through a fund with a target size of up to S$150 million.

Yangzijiang Financial, on Nov 22, announced that it will partner Heliconia Capital to invest in promising small- and medium-sized enterprises (SMEs) in Southeast Asia with a focus on Singapore and Vietnam.Heliconia Capital, a subsidiary of Temasek Holdings, focuses on investing in growth-oriented SM...

DBS Group Research has raised its target price for Yangzijiang Shipbuilding to S$1.70 from S$1.40, after the company shared a new environmental, social and corporate governance (ESG) strategy as well as a record order book value in a Q3 business update. 

Yangzijiang Shipbuilding Price target: DBS Group Research ‘buy’ $1.70 Strong earnings growth DBS Group Research analyst Ho Pei Hwa has kept her “buy” recommendation on Yangzijiang Shipbuilding with a higher target price of $1.70 from $1.40 previouslyThe new target price of $1.70 is based on...

Loh Boon Chye, CEO of Singapore Exchange (SGX), posted this message following his meeting with Nicolas Aguzin, CEO of Hong Kong Exchange (HKEx): “Singapore vs Hong Kong always makes for an enticing headline in the media, but there are many more dynamics and nuances at play between the two financia...

DBS Group Research analyst Ho Pei Hwa has kept her “buy” recommendation on Yangzijiang Shipbuilding with a higher target price of $1.70 from $1.40 previously.The new target price of $1.70 is based on an FY2023 P/B of 1.7x, which implies an FY2023 P/E of 11x, says Ho.While the group’s share pri...

DBS Group Research has raised its target price for Yangzijiang Shipbuilding to S$1.70 from S$1.40, after the company shared a new environmental, social and corporate governance (ESG) strategy as well as a record order book value in a Q3 business update. 

Ren Yuanlin, executive chairman of Yangzijiang Financial Holding (YZJFH), is miffed that investors are not appreciating the value of his company. The investment company started trading at 69 cents on April 29, after it was spunoff by Yangzijiang Shipbuilding (Holdings). It has been dropping steadily...

The 1990 movie The Hunt for Red October was based on the 1984 debut novel by Tom Clancy. Sean Connery, who plays a Soviet submarine captain in the movie, defected to the US, bringing with him his Mother Russia’s most advanced underwater nuclear missile platform.The movie took more than US$200 mill...

UOB Kay Hian Research analysts have added Singapore Telecommunications (Singtel), First Resources and Keppel Corporation to their Alpha Picks, while switching out Nanofilm Technologies for the larger-cap Venture Corporation.According to UOBKH analysts, the Alpha Picks outperformed the Straits Times ...

Mainboard-listed Yangzijiang Shipbuilding (YZJ) has won its first order for two 175,000 cubic metres liquefied natural gas (LNG) carriers.The order brings the group’s order book to an all-time high of above US$10 billion ($14.20 billion).According to YZJ, the order was placed by a European custome...

YANGZIJIANG Shipbuilding has won its first order for two 175,000 cubic metre (cu m) liquefied natural gas (LNG) carriers from an unnamed European customer.

THE following companies saw new developments that may affect trading of its securities on Wednesday (Oct 26):