Dbs stock picks
$YZJ Shipbldg SGD(BS6.SG$
DBS Equity Picks
https://go.dbs.com/3u9Bp0K
Yangzijiang: Remove from Growth category at $0.92
While Yangzijiang has strong earnings visibility over the next 3 years backed by a record-high order backlog of US$8.5bn, we remove the stock observing its weak price action in recent weeks. Near-term resistance levels are at $0.935 and $0.965, which puts a 2-4% rebound cap for now. Yangzijiang shares have returned 8% (including dividend and 1-for-1 YZJFH spinoff) since inclusion on 30 Nov last year to outperform STI by a similar level. YZJFH will be removed from our equity picks list together with YZJ.
DBS Equity Picks
https://go.dbs.com/3u9Bp0K
Yangzijiang: Remove from Growth category at $0.92
While Yangzijiang has strong earnings visibility over the next 3 years backed by a record-high order backlog of US$8.5bn, we remove the stock observing its weak price action in recent weeks. Near-term resistance levels are at $0.935 and $0.965, which puts a 2-4% rebound cap for now. Yangzijiang shares have returned 8% (including dividend and 1-for-1 YZJFH spinoff) since inclusion on 30 Nov last year to outperform STI by a similar level. YZJFH will be removed from our equity picks list together with YZJ.
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