TSX futures point slightly higher ahead of key employment figures
Investing.com - Goldman Sachs has initiated coverage on Yangzijiang Shipbuilding (SG:YZJSGD) (OTC:YSHLF) with a Buy rating and a price target of SGD4.00.
The China-headquartered shipbuilding company, which has been listed in Singapore since April 2007, holds approximately 5% market share in global shipyard capacity as of 2024, according to Goldman Sachs analyst Herbert Lu.
Yangzijiang’s shipyards are located in Jingjiang city of Jiangsu Province, with its major shipbuilding products including mid to large sized containerships, bulkers, and tankers, with the company having a "relatively higher competitive advantage in the containership segment."
The company also owns a 51% stake in joint venture Yangzi Mitsui (YAMIC), which produces high-end gas carriers and has recorded strong profitability, according to the analyst note.
Goldman Sachs highlighted that Yangzijiang’s shipbuilding business has achieved a 13% average net margin over the past decade, which it describes as "the highest among global peers, driven by its cost advantage."
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.