$YZJ Shipbldg SGD(BS6.SG)

Yangzijiang: Record Profits, Cheap Valuation, Strong Buy Consensus🚀🚀

Yangzijiang Shipbuilding continues to deliver robust financial results, standing out as a top industrial performer on the SGX.

Here is a quick breakdown of its performance, valuation, and analyst sentiment:

📊 Key 1H2026 Financial Metrics

* Revenue: RMB 17.53B (+36.2% YoY)

* Net Profit: RMB 5.37B (+28.4% YoY)

* Gross Margin: Expanded to 36.2% (vs 34.5% in 1H2025)

* Operating Cash Flow: RMB 1.87B (+63.9% YoY)

💡 Valuation Snapshot

* Forward P/E: ~7.8x – 8.2x (TTM P/E ~8.5x–10.0x), trading at a discount relative to global peers (12x–15x).

* Price-to-Book (P/B): ~2.5x, backed by ~29% ROE and NAV at 844 RMB cents/share.

* Dividend Yield: ~4.8% – 5.2%, supported by accelerating cash flows.

🎯 Analyst Recommendations & Top Coverage

Street consensus remains overwhelmingly BUY / Overweight, with target prices between S4.55 – S5.10:

* Lim Siew Khee (CGS International) — ADD (TP: S$5.10)

* Adrian Loh (UOB Kay Hian) — BUY (TP: S$4.75)

* Pei Hwa Ho (DBS Research) — BUY (TP: S$4.55)

Growth Drivers: Multi-year orderbook visibility through 2029/2030, demand for LNG clean-energy vessels, and expansion at the Hongyuan yard.

⚠️ Key Risks: Foreign exchange volatility (USD/RMB) and rising capex commitments.

Not financial advice. Personal view. Do your own DD☺️