Yangzijiang Shipbuilding's 2027 Order-Win Outlook Appears Sanguine

Dow Jones
Sep 28

0126 GMT - Yangzijiang Shipbuilding's 2027 order-win outlook appears sanguine, UOB Kay Hian's Roy Chen says in a note, citing comments from the Singapore-listed shipbuilder's management. The company expects its current contract win momentum to extend into 2027, with healthy enquiry pipelines across multiple vessel types, the analyst says. Yangzijiang's 2H profit margins are also likely to be stable versus its "spectacular" 1H performance, thanks to some large contracts, he adds. UOB KH raises its target price to 5.90 Singapore dollars from S$5.30 to factor in a higher price-to-earnings ratio peg due to Yangzijiang's earnings visibility into 1H 2030. UOB KH maintains its buy rating. Shares are flat at S$5.19.

 

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