Yangzijiang Shipbuilding's share price volatility could persist, UOB Kay Hian analyst Adrian Loh writes in a note.

The shipbuilder's 1Q order wins were weak at just 5.0% of its annual target, Loh says, adding that its recent share price decline was likely due to the management's bearish tone, warning that new order wins may not substantially increase from 1Q levels.

The company's new orders have been disrupted by economic uncertainty from U.S. tariffs, but UOB KH notes that Yangzijiang Shipbuilding has medium-to-long term revenue visibility until 2028, given its US$23.2 billion orderbook with deliveries into 2030.

UOB KH lowers the stock's target price to S$3.29 from S$3.50, while maintaining a buy rating.

YZJ Shipbldg SGD jumps 1.93% at 1:39 pm, May 28th.