Highlights

SGX Stocks and Warrants

Author: kimeng   |   Latest post: Mon, 22 Jul 2019, 12:00 PM

 

Yangzijiang Shipbuilding: Raises Dividend to 5 S Cts

Author:   |    Publish date:


Yangzijiang Shipbuilding (YZJ) reported a 22% YoY fall in revenue but saw an 84% rise in net profit to RMB1.2b in 4Q18, bringing full year net profit to RMB3.6b which is a 23% increase compared to FY17. Results beat ours and the street’s expectations, aided by RMB494m of other income in 4Q18 as well as RMB344m of forex gains.

There was also reversal of impairment loss of RMB99m on other investment at amortised costs and RMB91m on loans to nonrelated parties (microfinance) in 4Q18. The group has declared a dividend of 5 S cents, higher than 4.5 S cents in FY17.

Pending an analyst briefing later, we place our Buy rating and fair value estimate of S$1.41 under review.

Source: OCBC Research - 1 Mar 2019

Share this

Related Stocks

Chart Stock Name Last Change Volume 
YZJ Shipbldg SGD 1.51 -0.01 (0.66%) 4,603 

  Be the first to like this.
 


 

121  76  178  727 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 Sinwa 0.047+0.016 
 Sino Grandness 0.051+0.001 
 Jadason^ 0.041+0.001 
 HPH Trust USD 0.220.00 
 HMI 0.72+0.005 
 Forise Intl^ 0.006+0.003 
 NetLink NBN Tr 0.86-0.005 
 AEM 1.15+0.02 
 Parkson Retail 0.04+0.013 
 Miyoshi 0.045+0.002 
Partners & Brokers