Yangzijiang Shipbuilding has been added to theMSCI SingaporeIndex. The inclusion will take place as of the close ofNov 25.
The counter has had a good year with shares rising by some 65.58% year to date. As at Nov 6, shares in Yangziijang closed 5 cents higher or 2% up at $2.55.
For the 1HFY2024 ended June 30, Yangzijiang posted a record-high net profit of RMB3.06 billion ($564.9 million), 77.2% higher y-o-y.
Revenue increased by 15.3% y-o-y to RMB13 billion from higher shipbuilding activities and improved shipping charter rates.
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DaffyDaDa : This is a good stock the TA and FA are solid. but not sure will it be affected by Trump's anti China measures next year
bullrider_21 OP DaffyDaDa : He may impose tariffs on shipbuilders. You'll never know.
DaffyDaDa bullrider_21 OP :
agreed
BagHolder23 bullrider_21 OP : Tariffs should only apply to ships registered to an owner in USA.
Plenty of other markets outside the USA.