Yangzijiang Shipbuilding's Upward Cycle May Be Longer Than Previously Expected -- Market Talk
Dow Jones2026/08/11 06:360636 GMT - Yangzijiang Shipbuilding's upward cycle for shipbuilding may be longer than previously expected by Maybank Research, analyst Hussaini Saifee says in a note. Strengthening newbuild demand in shipbuilding and a firmer pricing outlook increasingly suggest this, the analyst says. Large containership inquiries have re-accelerated together with continuing tanker and gas-carrier demand, while 2029 slots are nearly full, the analyst says. Maybank Research lifts its 2026-2028 forecasts for the Singapore-listed shipbuilder's net profit after tax by 12%-19%. It raises the stock's rating to buy from hold and the target price to 5.00 Singapore dollars from 4.15 Singapore dollars. Shares are 10% higher at 4.62 Singapore dollars. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
August 11, 2026 02:36 ET (06:36 GMT)
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