Yangzijiang Shipbuilding's 1H Earnings Likely Grew on Higher Prices, Capacity

Dow Jones
07/13

0728 GMT - Yangzijiang Shipbuilding's 1H earnings likely grew 8%-10%, buoyed by higher prices and capacity, says DBS Group Research's Pei Hwa Ho in a note. Progressive revenue recognition from its record order book and partial contribution from a new yard should also drive the Singapore-listed shipbuilder's earnings growth, the analyst says. Higher-priced contracts flowing through could boost its margins, she says. The company's stock has corrected around 20% from its March high, which brings its valuations back to attractive levels, she adds. Its dividend yield of around 6%-7% also remains compelling. DBS reiterates its buy rating and 4.55 Singapore dollar target price. Shares fall 1.7% to S$3.55. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

July 13, 2026 03:28 ET (07:28 GMT)

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