Yangzijiang Shipbuilding reports record earnings despite delivering fewer vessels
The Edge • 3 months ago
BS6.SI : Singapore Exchange
1.760
+2.33%
Share Price in SGD. As of 13:19:58 SGT
Revenue: SGD 24.11B
Increased 17% Year-on-Year
driven by higher new build vessel prices and favourable foreign exchange rate
Net Profit: SGD 4.1B
Increased 57% Year-on-Year
propelled by top-line growth and reduced material costs
Return on Equity (ROE): 20%
Increased 5% Year-on-Year
Dividend Per Share: SGD 0.07
The global outlook for the shipbuilding segment remains upbeat driven by the ongoing climate-related regulatory push by various authorities. Maritime decarbonisation will remain the key growth driver for the industry in the mid-term. With the tightening of policies being more apparent now, ship operators are accelerating their vessel replacement plans to avoid potential financial impact from non-compliance. With our technical capabilities, Yangzijiang Shipbuilding is well-positioned to ride on this upward trajectory and support the industry's transition.
Sources: Yangzijiang Shipbuilding (Holdings) Ltd Financial Report
Price Target: $2.049
Source: SGX as of 13 May 2024
BS6.SI | Market
| |
---|---|---|
1 Day | 2.33% | -0.04% |
5 Day | 3.53% | -0.01% |
1 Month | -0.56% | 3.51% |
6 Month | 18.12% | 6.04% |
YTD | 14.29% | 2.16% |
1 Year | 14.29% | -2.21% |
5 Year | 122.99% | -0.04% |
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By SGX as of 13 May 2024
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