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UOB Kay Hian analyst Adrian Loh has maintained his “buy” call with a higher targ
$YZJ Shipbldg SGD (BS6.SG)$
Analysts from CGS-CIMB Research and UOB Kay Hian remain positive on Yangzijiang after the Mainboard-listed shipbuilding company announced its order win of US$871 million ($1.17 billion) on June 30, one week after it secured US$715 million worth of new orders.CGS-CIMB analyst Lim Siew Khee has kept “add” on the counter with an unchanged target price of $1.63 while UOB Kay Hian analyst Adrian Loh has maintained his “buy” call with a higher target price of $1.90 from $1.76 previously.To Lim, the group has “struck gold” but remains an unappreciated counter.The new wins are close to her shipbuilding gross margin (GM) forecast of 17% to 20% for the FY2021-FY2022, notes Lim.
https://www.theedgesingapore.com/capital/brokers-calls/analysts-upgrade-estimates-yangzijiangs-earnings-and-order-wins-following-new
Analysts from CGS-CIMB Research and UOB Kay Hian remain positive on Yangzijiang after the Mainboard-listed shipbuilding company announced its order win of US$871 million ($1.17 billion) on June 30, one week after it secured US$715 million worth of new orders.CGS-CIMB analyst Lim Siew Khee has kept “add” on the counter with an unchanged target price of $1.63 while UOB Kay Hian analyst Adrian Loh has maintained his “buy” call with a higher target price of $1.90 from $1.76 previously.To Lim, the group has “struck gold” but remains an unappreciated counter.The new wins are close to her shipbuilding gross margin (GM) forecast of 17% to 20% for the FY2021-FY2022, notes Lim.
https://www.theedgesingapore.com/capital/brokers-calls/analysts-upgrade-estimates-yangzijiangs-earnings-and-order-wins-following-new
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