0807 GMT - Yangzijiang Shipbuilding shares likely offer an attractive risk-reward profile with a potential 6.6% dividend yield in 2027, say CGS International analysts in a note. The Singapore-listed shipbuilder is forecast to deliver robust revenue growth as it is expected to deliver contracts from 2023 and the most of 2024, they say. Stronger revenue recognition and gradual capacity expansion at its Hongyuan yard in China should support its profit, the analysts add. They therefore raise their 2026-2028 earnings estimates by 3.0%-8.0%. CGSI lifts its target price to 5.10 Singapore dollars from S$4.95 and retains its add rating. Shares rise 5.9% to S$3.95. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
July 22, 2026 04:07 ET (08:07 GMT)
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