Singapore Stock Market News

Jaya Holdings - A clearer path ahead

StockFanatic
Publish date: Thu, 06 Sep 2012, 09:03 AM
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Rumours that Dutch shipbuilder IHC Merwede could take over Jaya have been laid to rest after both parties signed a wide-ranging agreement that enables IHC's vessels to be produced by Jaya's yards.

As the dust settles, we examine how Jaya's new strategic roadmap would win over investors. With clarity over its strategic direction, we believe that the stock could rerate on (i) steady chartering contributions flowing through; (ii) new shipbuilding orders as a result of the collaboration; and (iii) refinancing of its schemes of arrangement.
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