Strong Revenue Forecast as Yangzijiang Shipbuilding's Orders Exceed Expectations
ByAinvest
Thursday, Jul 18, 2024 3:51 am ET1min read
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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