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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