CIMB Raises Yangzijiang Target To S$2.57 Vs S$2.15

Question

0142 GMT [Dow Jones] STOCK CALL: CIMB lifts Yangzijiang's (BS6.SG) target price to S$2.57 vs S$2.15, based on 14X P/E vs 11X previously, after increasing its 2011 order-win assumption to US$1 billion vs US$800 million. Adds, the China-based shipbuilder secured US$1.3 billion worth of news orders in 3Q10; "we believe the strength in containership orders could make up for the softer demand for bulk carriers in 2011." Says FY11-FY12 consensus earnings estimates for Yangzijiang appear too low; "a blanket upgrade by the Street is very possible as the market could have underestimated YZJ's profit margins and revenue recognition." Keeps its Outperform call. The shares are flat at S$1.94. ([email protected])

奚宏彪 · Answer

看来不久俺也要发达了不用羡慕高纤股东

奚宏彪 · Answer

一大堆国产小股在乱舞为啥扬子江和枯死狗都不涨呢？真是急死我了

奚宏彪 · Answer

发达了，发达了：Yangzijiang Shipbuilding Target Raised To S$2.20 By DMG
0122 GMT [Dow Jones] Yangzijiang (BS6.SG) is up 1.1% at S$1.91 after the shipbuilder says it has entered an agreement to acquire 100% of Jiangsu Zhongzhou Marine Equipment -- which owns shipbuilding facilities of 350,000 square metre yard space, 430 metre deep water coast line -- for CNY420 million (implied P/E of 7.7X and 1.2X NAV). DMG says the acquisition will enable YZJ "to push for better productivity and the yard space at JZME will provide extra production capacity to YZJ as its existing yards will be full over the next two years with current orders. House upgrades the stock to Buy from Neutral, "as we see better long term growth prospect following a slew of yard/land acquisition deals at attractive pricing and potentially stronger new orders from the containership market." Sets higher target price of S$2.20, saying YZJ is "a good proxy to the Chinese shipbuilding sector." S$1.97 December high may cap N/T. ([email protected])

奚亨炎 · Answer

好股总是带来好消息，扬子江是我压箱底的，不动如山达到他们的目标价我也不卖

CIMB Raises Yangzijiang Target To S$2.57 Vs S$2.15

4 个回答

相似问题