$YZJ Shipbldg SGD (BS6.SG)$ Singapore Company Update: Yangzi...
$YZJ Shipbldg SGD (BS6.SG)$Singapore Company Update: Yangzijiang Shipbuilding (Holdings) - Shipbuilding business materially undervalued at current implied P/B of less than 0.5x. (YZJSGD SP/BUY/S$1.56/Target: S$1.95) We highlight that YZJ’s current share price, excluding YZJFH, implies a P/B of less than 0.5x which in our view materially undervalues the company. Since its IPO in 2007, YZJ has significantly grown and transformed its shipbuilding business, and in addition has the tailwind of high asset prices and charter rates that will benefit its shipping fleet. Our pro forma SOTP valuation for YZJ ex-YZJFH is S$1.16. Maintain BUY. Target price: S$1.95...(UOBKayHian)
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Vroom-Vroom DrMooney : Can get YZJF share if buying now?
Vroom-Vroom DrMooney : Thanks for the info
Vroom-Vroom DrMooney : Yes, bought a fews this morning