Tuesday, February 21, 2012

CIMB: Yangzijiang Shipbuilding - Not out of the woods

Stock Name: Yangzijiang
Company Name: YANGZIJIANG SHIPBLDG HLDGS LTD
Research House: CIMBPrice Call: BUYTarget Price: 1.43



YangzijiangShipbuilding - Not out of thewoods


Target S$1.43


Investors should take profit after YJZ's recent price rally, in line with the market. Even with contracts announced, we believe it will still reel from earnings deterioration, margin compression and weak industry fundamentals.

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