Friday, March 2, 2012

Yangzijiang Shipbuilding - It's not all about the money

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




Target S$1.43

Though YZJ's diversification amid a dire shipping outlook is commendable, higher balance-sheet risks have spooked investors. Clearer and tighter corporate governance has to be communicated.

Source: CIMB Day Break 02 March 2012, Full PDF Report

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