Yangzijiang Shipbuilding - Beneficiary of strengthening USD | I3investor

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Singapore Stock Market News

Yangzijiang Shipbuilding - Beneficiary of strengthening USD

StockFanatic

Publish date: Tue, 03 Jul 2018, 01:47 PM

■ Share price has unjustifiably halved from its high in Nov-17 due to overblown concerns on forex and steel cost as well as US-China trade war

■ Strengthening USD to above Rmb6.65 bolster profits in FY18-19

■ Share buyback exercise reaffirms confidence

■ Attractive entry point at 7x PE, 0.6x PB and 5% yield; generating 8-9% ROE; reiterate BUY with S$1.82 TP

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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....