0319 GMT - Yangzijiang Shipbuilding's recent update that it has secured US$0.92 billion worth of new orders appears bullish to UOB Kay Hian's Adrian Loh, given that its 70% higher than the group's 1H order wins. The new orders should boost earnings visibility for the Singapore-listed shipbuilder into 2027 and 2028, Loh says in a note. The company's shares have rallied around 64% since a decline in April. However, the stock trades at a "very inexpensive" 2026 price-to-earnings ratio of 7.6X. UOB Kay Hian rolls its valuation year forward to 2026 and raises the target price to S$3.60 from S$3.45. Shares are up 1.9% at S$3.16. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
September 07, 2025 23:19 ET (03:19 GMT)
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