Yangzijiang Shipbuilding's High Margins Appear Sustainable -- Market Talk

Dow Jones

Nov 13, 2024

0132 GMT - Yangzijiang Shipbuilding's high margins appear sustainable, based on management commentary, UOB Kay Hian's Adrian Loh says. At an analysts' call, management said its 3Q shipbuilding margins were "a little bit higher" than 1H's margin of 25.9%. The company seems very comfortable that its current shipbuilding margin levels are sustainable, the analyst adds, noting that its steel prices which have been fixed for 2025 and should stay stable into 2026. The Singapore-listed company also announced that it has secured several new orders for its Yangzi Hongyuan yard. The brokerage raises the its target price for the stock to S$3.60 from S$3.40 with an unchanged buy rating. Shares are unchanged at S$2.57. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

November 12, 2024 20:32 ET (01:32 GMT)

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At an analysts' call, management said its 3Q shipbuilding margins were \"a little bit higher\" than 1H's margin of 25.9%. The company seems very comfortable that its current shipbuilding margin levels are sustainable, the analyst adds, noting that its steel prices which have been fixed for 2025 and should stay stable into 2026. The Singapore-listed company also announced that it has secured several new orders for its Yangzi Hongyuan yard. The brokerage raises the its target price for the stock to S$3.60 from S$3.40 with an unchanged buy rating. Shares are unchanged at S$2.57. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 12, 2024 20:32 ET (01:32 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Yangzijiang Shipbuilding's High Margins Appear Sustainable -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYangzijiang Shipbuilding's High Margins Appear Sustainable -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-13 09:32</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0132 GMT - Yangzijiang Shipbuilding's high margins appear sustainable, based on management commentary, UOB Kay Hian's Adrian Loh says. At an analysts' call, management said its 3Q shipbuilding margins were \"a little bit higher\" than 1H's margin of 25.9%. The company seems very comfortable that its current shipbuilding margin levels are sustainable, the analyst adds, noting that its steel prices which have been fixed for 2025 and should stay stable into 2026. The Singapore-listed company also announced that it has secured several new orders for its Yangzi Hongyuan yard. The brokerage raises the its target price for the stock to S$3.60 from S$3.40 with an unchanged buy rating. Shares are unchanged at S$2.57. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 12, 2024 20:32 ET (01:32 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BS6.SI","symbol_name":"扬子江船业","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483094140","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483094140","pubTimestamp":1731461520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0132 GMT - Yangzijiang Shipbuilding's high margins appear sustainable, based on management commentary, UOB Kay Hian's Adrian Loh says. At an analysts' call, management said its 3Q shipbuilding margins were \"a little bit higher\" than 1H's margin of 25.9%. The company seems very comfortable that its current shipbuilding margin levels are sustainable, the analyst adds, noting that its steel prices which have been fixed for 2025 and should stay stable into 2026. The Singapore-listed company also announced that it has secured several new orders for its Yangzi Hongyuan yard. The brokerage raises the its target price for the stock to S$3.60 from S$3.40 with an unchanged buy rating. Shares are unchanged at S$2.57. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BS6.SI":"扬子江船业","WPC.SI":"VALLIANZ HOLDINGS LTD"},"translate_title":"扬子江船业的高利润率似乎可持续——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BS6.SI":1,"WPC.SI":1},"content_text":"0132 GMT - Yangzijiang Shipbuilding's high margins appear sustainable, based on management commentary, UOB Kay Hian's Adrian Loh says. At an analysts' call, management said its 3Q shipbuilding margins were \"a little bit higher\" than 1H's margin of 25.9%. The company seems very comfortable that its current shipbuilding margin levels are sustainable, the analyst adds, noting that its steel prices which have been fixed for 2025 and should stay stable into 2026. The Singapore-listed company also announced that it has secured several new orders for its Yangzi Hongyuan yard. The brokerage raises the its target price for the stock to S$3.60 from S$3.40 with an unchanged buy rating. Shares are unchanged at S$2.57. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 12, 2024 20:32 ET (01:32 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}