As shares in Mun Siong Engineering climbed to 6.1 cents at 3.47pm on June 10, or 17.3% higher than its last-closed price of 5.2 cents, a query from market regulator Singapore Exchange Regulation (SGX RegCo) was triggered.In the bourse filing, SGX RegCo noted Mun Siong Engineering’s “unusual volu...

UOB Kay Hian analyst Llelleythan Tan has called Yangzijiang Financial Holding (YZJFH) an “undervalued gem” in an unrated report dated June 9.On June 8, the company had just obtained its shareholders’ approval to conduct its $200 million share buyback programme.The buyback was conducted on June...

Yangzijiang Financial Holding has commenced its share buyback, just a day after it was given the mandate by shareholders to do so.In an SGX filing on June 9, the company said it has bought one million shares at 51 cents each.On June 8, after shareholders gave the nod at an EGM, the company announced...

THE following companies saw new developments that may affect trading of their securities on Thursday (Jun 9):

YANGZIJIANG Financial Holding is buying back up to S$200 million worth of shares after shareholders voted in favour of a share buyback mandate.

Yangzijiang Financial Holding has allocated $200 million for its share buy-back programme, following mandate given by shareholders. At an EGM held on June 8, 99.81% of the shareholders’ votes were in favour of the mandate. “The purpose of the programme is to increase Shareholders’ ...

CGS-CIMB Research has initiated coverage on Yangzijiang Financial Holdings (YZJFH) with an “add” call and a target price of 74 cents.YZJFH is the carved-out and spun-off debt investment and investment management division of Mainboard-listed Yangzijiang Shipbuilding.The target price is based on a...

CGS-CIMB commenced coverage of Yangzijiang Financial Holdings (YZJFH), the spin-off of Yangzijiang Shipbuilding, with a “buy” rating and a target price of S$0.74, which is based on blended valuations of 0.6 times the forecasted FY2023 price-to-book value (P/BV) ratio and 9 times price-to...

THE following companies saw new developments that may affect trading of their securities on Tuesday (May 31):

Newly-listed Yangzijiang Financial Holdings has revised its dividend policy of paying at least 30% of its earnings for the FY2022 to FY2024. In an SGX announcement, the company, which was spun off from Yangzijiang Shipbuilding (Holdings), now plans to pay at least 40% of its earnings as dividends fo...