0736 GMT - Yangzijiang Maritime Development's fleet expansion and newbuild vessel deliveries could drive sequential growth, says DBS Group Research's Pei Hwa Ho in a note. The Singapore-listed maritime financial solutions provider is likely to see six to eight deliveries in 2H, she notes. The US$500 million of vessel sale contracts signed provides a visible runway for Yangzijiang Maritime to recognize capital gains over 2026-2028, the analyst says. Management's strategy of locking in sale contracts early while vessels are still under construction also reduces execution risk relative to spot-market resale, she says. DBS reiterates its buy rating while reviewing its 0.88 Singapore dollar target price. Shares decline 8.5% to S$0.59.