Singapore Stock Market News
Yangzijiang Shipbuilding - Winter months ahead
StockFanatic
Publish date: Wed, 09 Dec 2015, 01:08 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.
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| Picture Credits : scmp.com |
■ C.50% of YZJ's US$4.8bn order book is dominated by bulk carriers which face heightened cancellation and deferral risks amidst recession in the dry bulk sector.
■ We cut our order assumptions for FY16-17 from US$2bn p.a. to US$1.5bn.
■ Earnings will continue to deteriorate in 2016-17 on lower margin jobs, deferral of deliveries, weak order momentum and investment in lower-return investments.
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