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Analyst report about Yangzijiang Shipbuilding
13 Mar 2021 (344 views)  

My friend sent me this analyst report about Yangzijiang Shipbuilding (BS6.SI).

Stock Write-Up: Yangzijiang Shipbuilding - Earnings visibility secured by record win

  • We estimate YZJ's order book at US$6.1bn with the latest US$1.74bn order win. This brings YTD order secured to a record US$3.04bn.
  • We believe YZJ's yard is booked till 2H2023F, securing earnings visibility. Positive shipping industry drivers point to more new building orders ahead.
  • Reiterate Add, with an unchanged TP of S$1.54, still based on a 5-year average P/BV of 0.8x CY21F. Stronger order wins are key catalysts.
  • Click here to read more.
I told him that I have bought 100,000 shares and will sell them at $1.50 (25% against the current price).

DBS Research
https://www.dbs.com.sg/treasures/aics/stock-coverage/templatedata/article/equity/data/en/DBSV/012014/YZJSGD_SP.xml



Tan Kin Lian

Note - this is my personal view for my personal investment. I am not giving investment advice and not recommending anyone to buy the stock. Do you own due diliegence.

 

Analyst report about Yangzijiang Shipbuilding
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My friend sent me this analyst report about Yangzijiang Shipbuilding (BS6.SI).

Stock Write-Up: Yangzijiang Shipbuilding - Earnings visibility secured by record win

  • We estimate YZJ's order book at US$6.1bn with the latest US$1.74bn order win. This brings YTD order secured to a record US$3.04bn.
  • We believe YZJ's yard is booked till 2H2023F, securing earnings visibility. Positive shipping industry drivers point to more new building orders ahead.
  • Reiterate Add, with an unchanged TP of S$1.54, still based on a 5-year average P/BV of 0.8x CY21F. Stronger order wins are key catalysts.
  • Click here to read more.
I told him that I have bought 100,000 shares and will sell them at $1.50 (25% against the current price).

DBS Research
https://www.dbs.com.sg/treasures/aics/stock-coverage/templatedata/article/equity/data/en/DBSV/012014/YZJSGD_SP.xml



Tan Kin Lian

Note - this is my personal view for my personal investment. I am not giving investment advice and not recommending anyone to buy the stock. Do you own due diliegence.

 

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