Singapore Stock Market News

Yangzijiang Shipbuilding - Cruising ahead

StockFanatic
Publish date: Tue, 07 Jul 2015, 11:50 AM
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Potential dual-listing to drive re-rating; decent dividend yield
While the stock has done well, we see potential re-rating from probable dual-listing in Hong Kong to fund M&A. In addition, Yangzijiang offers a decent dividend yield of 4% or 5.5 Scts per share on the back of stable earnings and cash flow.
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