0320 GMT - Yangzijiang Shipbuilding stands to benefit from its strategic investment in Seaspan, UOB Kay Hian's Adrian Loh says in a report. Yangzijiang plans to acquire a 10% interest in Poseidon, the holding company of Seaspan, one of the world's largest containership lessors, the analyst notes. Seaspan operates long-term charters with major liners, offering stable cash flows and counter-cyclical earnings relative to shipbuilders, the analyst says. This investment positions Yangzijiang Shipbuilding further upstream in the containership value chain, providing direct visibility into fleet renewal cycles and global charter dynamics. The brokerage raises its target price on the stock to S$4.75 from S$4.60 with an unchanged buy rating. Shares are 1.0% higher at S$4.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 07, 2026 23:20 ET (03:20 GMT)
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