Stock Name: YZJ Shipbldg SGD
Company Name: YANGZIJIANG SHIPBLDG HLDGS LTD
Company Name: YANGZIJIANG SHIPBLDG HLDGS LTD
| Research House: OSK-DMG | Price Call: BUY | Target Price: 1.68 |
SINGAPORE (Nov 10): OSK-DMG has maintained its "buy" call on shipbuilder Yangzijiang with a target price of $1.68, representing an upside of 45%.
In a report dated Nov 10, OSK-DMG analyst Lee Yue Jer says Yangzijiang's orderbook stands strong at US$4.6 billion. The company has also been included in the Chinese government's "white list" of shipyards, making it easier to secure financing and orders.
As such, the research house believes Yangzijiang is the strongest shipbuilder in China in a recovering industry.
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