Strong Revenue Forecast as Yangzijiang Shipbuilding's Orders Exceed Expectations
AinvestThursday, Jul 18, 2024 3:51 am ET
1min readYangzijiang 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.
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
Comments
No comments yet