Yangzijiang completes acquisition of Odfjell Terminals China for US$46 million
Yangzijiang has completed the acquisition of Singapore-based Odfjell Terminals China Holding for US$46.23 million, the shipbuilder said Tuesday.
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CGS-CIMB Downgrades Yangzijiang on weak order momentum
CGS-CIMB downgraded Yangzijiang to Hold from Add, despite a “good set” of 1Q19 results, as the brokerage pointed to expectations for weak order momentum.
Daiwa: Yangzijiang outlook ‘hazy’ despite 1Q19 results beating forecasts.
Yangzijiang’s 1Q19 results beat expectations, but the outlook ahead may be challenging as new shipbuilding contracts trail expectations, Daiwa said Tuesday.
Yangzijiang reports 1Q19 net profit rose 38 percent amid higher vessel deliveries
Yangzijiang reported Monday its 1Q19 net profit increased 38% on-year to 824.05 million yuan amid higher deliveries of vessels in the shipbuilding segment.
UPDATE: Singapore stocks to watch Monday: UIC, OUE, Yangzijiang, Keppel, Ezion, ST Engineering, Heeton
These are Singapore companies likely to be in focus on Monday, 15 April 2019: UIC, OUE, Yangzijiang, Keppel, Ezion and Yongnam.
Yangzijiang Chairman Ren Yuanlin contributes 150 million shares to management incentive plan
Yangzijiang said Friday Executive Chairman Ren Yuanlin has contributed 150 million of his shares to a new irrevocable trust to reward senior management.
Yangzijiang hit by Daiwa downgrade
Daiwa downgraded Yangzijiang to Hold despite 4Q18 earnings beating its forecast, amid lower-than-expected new order wins.
UPDATE: Yangzijiang reports 4Q18 net profit up 47 percent, beating some analysts’ forecasts
Yangzijiang reported Friday its fourth quarter net profit rose 47% on-year to CNY1.07B, despite lower revenue. The results beat some analysts’ forecasts.
UPDATE: Singapore stocks to watch Friday: Yangzijiang, Dairy Farm, City Developments, Halcyon Agri
These are Singapore companies which may be in focus on Friday, 1 March 2019: City Developments, Yangzijiang, Dairy Farm and Halcyon Agri.
Yangzijiang Shipbuilding to take 51 percent stake in Shanghai Econovo
Yangzijiang Shipbuilding said Thursday it entered a subscription agreement to acquire a 51 percent interest in Shanghai Econovo for 11.24 million yuan.
UPDATE: Singapore stocks to watch Thursday: Ascendas REIT, Grab, Frasers Hospitality, OUE Commercial
These are Singapore stocks which may be in focus on Thursday, 31 January 2019: Ascendas REIT, Grab, Frasers Hospitality and OUE Commercial.
Yangzijiang acquires 40 percent of Zhuoneng it didn’t already own for 20 million yuan
Yangzijiang Shipbuilding said on Wednesday that its wholly owned subsidiary Jiangsu Yanghong Marine Import and Export acquired the remaining 40 percent of Jiangsu Yangzi Zhuoneng Industrial it…
Singapore stocks to watch Thursday: Singtel, Yangzijiang, Capitaland, Hi-P, OUE H-Trust
These are Singapore stocks likely to be in focus on Thursday 8 November 2018: Singtel Singtel reported on Thursday that its net profit for the…
Yangzijiang Shipbuilding reports 3Q18 net profit fell 10 percent amid higher expenses
Yangzijiang Shipbuilding reported on Wednesday that its third quarter net profit fell 10 percent on-year to 778.63 million yuan amid higher expenses, but it still…
DBS: Pullback in Yangzijiang shares is a buying opportunity
Yangzijiang Shipbuilding’s shares have pulled back sharply on profit-taking and concerns over order wins, but that offers a buying opportunity as the longer-term prospects remain…
Yangzijiang Shipbuilding shares tumble; JPMorgan downgrades amid 3Q18 order concerns
Shares of Yangzijaing Shipbuilding tumbled 11.68 percent to S$1.21 by 15:17 SGT on Friday, off an earlier low of S$1.19, after JPMorgan downgraded the stock to…
Singapore stocks to watch Thursday: Keppel-KBS, Yangzijiang, Citic Envirotech, Soilbuild REIT
These are the Singapore stocks which may be in focus on Thursday 17 October 2018: Keppel-KBS US REIT Keppel-KBS US REIT’s third-quarter net property income…
Yangzijiang sets shipbuilding JV with Mitsui E&S and Mitsui & Co
Yangzijiang Shipbuilding said on Thursday it entered a joint venture agreement with Japanese shipbuilding yards Mitsui E&S Shipbuilding (MES-SC) and Mitsui & Co. to build…
Yangzijiang downgraded by OCBC after stock price run-up
OCBC downgraded Yangzijiang to Hold from Buy after the stock ran up around 48 percent from mid-July. “While the momentum may continue in the near…
Singapore stocks to watch Tuesday: CapitaLand, Sembcorp, Yangzijiang, SIA Ascendas REIT
These are the Singapore stocks which may be in focus on Tuesday 18 September 2018: CapitaLand CapitaLand has acquired a portfolio of 16 multifamily properties…
Yangzijiang Shipbuilding enters JV with Mitsui & Co in Panama
Yangzijiang Shipbuilding said on Monday that it entered a joint venture with Mitsui & Co. to establish a company in Panama to combine it shipbuilding…
Yangzijiang to see ‘major tailwind’ from US dollar rise: Daiwa
Yangzijiang Shipbuilding is set to benefit from a “major tailwind” as the U.S. dollar has appreciated against the Chinese yuan, Daiwa said in a note…
Singapore stocks to watch Monday: Yangzijiang, ST Engineering, AsiaPhos, Stamford Land, Sembcorp
These are the stocks which may be in focus on Monday, 3 September 2018: Yangzijiang Shipbuilding Yangzijiang Shipbuilding said on Friday that its wholly owned…
Yangzijiang Shipbuilding acquires rest of Huayuan Logistics for around S$24 million
Yangzijiang Shipbuilding said on Friday that its wholly owned subsidiary, Jiangsu Yangzijiang Shipbuilding, or JYSCO, bought the 40 percent of Huayuan Logistics it didn’t already…
DBS: Yangzijiang shares are a ‘steal’ as a proxy for shipbuilding recovery
Shares of Yangzijiang Shipbuilding are a “steal” as they’re trading near net cash of 91 Singapore cents, with “soaring” second quarter earnings offering a “confidence…