Strong Revenue Forecast as Yangzijiang Shipbuilding's Orders Exceed Expectations

jueves, 18 de julio de 2024, 3:51 am ET1 min de lectura

Yangzijiang Shipbuilding's strong order momentum, with FY2028 orders reaching $3.32 billion, exceeding its 2024 target, indicates robust revenue growth, according to Citi Research. The Singapore-listed shipbuilder's share price rose to 3.6% after this positive update. Citi maintains a buy rating on the stock and raises its target price to S$2.45.

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