Singapore Stock Market News
Yangzijiang Shipbuilding - Positives priced in
StockFanatic
Publish date: Wed, 03 Jun 2015, 09:31 PM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
■ Downgrade to NEUTRAL
Following the strong share price performance year-to-date, we are downgrading Yangzijiang to NEUTRAL as we believe its prospects of benefiting from improved newbuild orders have been priced in, while a near-term increase in non-core investments and possible dilution from warrants exercise could be an overhang.
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