Macquarie Warrants Singapore wrote a post · Dec 3, 2024 09:59

Yangzijiang opens 11% higher on USD 2.6 billion new order wins

Yangzijiang opens 11% higher on USD 2.6 billion new order wins

📈Yangzijiang Shipbuilding shares opened 11% higher to $2.70 - its most in 16 weeks on 9-times higher than its 20-day average volume

➡️Subsequently, Macquarie's trending Yangzijiang call $YangzijiMBeCW250417 (SMVW.SG)$ was up as much as 37.5% to SGD 0.022.

🎉The company disclosed that it has secured USD 2.6 billion of new order wins to bring its year to date total order book to USD 14.3 billion (from the USD 11.6 billion in the last nine months of 2024 business update); the latest order comprises of 21 vessels (LNG and methanol container ships, oil tankers, and bulk carriers).

🚢The green vessel wins in particular are likely indicative that the current up cycle is not only driven by previous constraints from the Red Sea Crisis (Loadstar, 2 Dec) but also by shipping companies moving towards green vessels.

🌈Today's move has completely compensated for the 10.4% drop Yangzijiang's share price had suffered last week after the stock was included in the the MSCI Singapore Index as of the close of 25 November 2024

🥇Yangzijiang currently reigns as the top performing index stock on the Straits Times Index with its year-to-date 96.8% gain compared to the index's ytd gain

🔧Investors who believe that Yangzijiang shares may head higher in the short-term can consider using call warrant SMVW (https://www.warrants.com.sg/tools/livematrix/SMVW) which moves 3 to 4 times more than Yangzijiang shares whilst costing around SGD 0.020 as of 939AM