StockTalk(6.27): Yangzijiang Shipbuilding share price nears 7-month high: Will the share price remain strong?
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Yangzijiang's orderbook has surged to a record high of US$14.6 billion, surpassing its full-year target of US$3.0 billion, with newbuild vessels worth US$4.4 billion in Q2 2023 alone. The company's latest order includes contracts for ten LNG dual-fuel 24,000 TEU containerships and six methanol dual-fuel containerships, marking Yangzijiang's first win in the methanol segment. This highlights growing confidence in the company's technological capabilities and engineering know-how, particularly in clean energy solutions that align with the global trend toward reducing carbon emissions.
Analysts are optimistic about Yangzijiang Shipbuilding's potential for share price growth, despite potential risks such as supply chain disruptions or changes in government policies affecting the shipping industry. As of 26 June 2023, the consensus target price is S$1.57, representing an 18% increase from the current share price of S$1.34.
How has Yangzijiang Shipbuilding's orderbook surpassed its full-year target, and what does this mean for the company's market position? Are you optimistic about Yangzijiang Shipbuilding share?
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102765799 : unsure as it had increased substantially and might peak
High Profit Low Loss : Looking at the buy level it’s overbought, but there are still upsides for YZJ.
Kopikarp : Yangzijiang is a prominent Chinese shipbuilder that has made impressive strides in the first half of the year, with its orderbook surpassing its full-year target thanks to contracts totaling 69 vessels worth nearly $5.6bn. This positions the company favorably in the market, demonstrating its resilience amidst economic uncertainty, and underscores its growing influence in the clean energy vessel sector.
These developments and analysts' projections suggest Yangzijiang is well-poised to navigate future challenges and capitalize on opportunities, particularly in the decarbonization-focused shipping industry. Its ability to secure substantial contracts and its promising position in the clean energy sector bode well for its market position and future share performance.
That said, as with any foreign-based company, investment carries certain inherent risks, including political and regulatory changes, economic and currency fluctuations, and potential transparency issues. While not a high-risk penny stock, we should also assess these factors alongside our individual risk tolerance and investment objectives.
ZnWC : Individual investors account for 44% of Yangzijiang Shipbuilding ownership, while private companies account for 32%. YZJ is not owned by hedge funds. Data shows that YZJ Settlement Julius Baer Trust Company is the largest shareholder with 22% of shares outstanding. The second largest shareholder holds about 10.0% of the shares outstanding, followed by an ownership of 7.0% by the third-largest shareholder. Hence the share price is determined by market sentiment.
In the short term, market sentiment towards the share price is optimistic. The company LNG container business soars when demand for LNG worldwide increases is the catalyst. In longer term, we still need to see if the company can expand or diversify it's business to ensure profitability is sustainable.
No_Horse_Run_4896 : with their new contract, they can definitely deliver greater height.