Yangzijiang price target raised to $1.54 by OCBC; "buy" call intact

Stock Name: YZJ Shipbldg SGD
Company Name: YANGZIJIANG SHIPBLDG HLDGS LTD

Research House: OCBC

Price Call: BUY

Target Price: 1.54

SINGAPORE (April 30): OCBC Investment Research has lifted its sum-of-parts price target for Yangzijiang Shipbuilding to $1.54 from $1.42 after rolling forward its valuation peg, which is now based on blended 2015/16 earnings for the shipbuilding business and 0.95 times book value for the company's held-to-maturity investment portfolio.

OCBC still has a "buy" call on the stock.