Yangzijiang Shipbuilding reports record earnings despite delivering fewer vessels
The Edge • 3 months ago
BS6.SI : Singapore Exchange
1.750
-1.13%
Share Price in SGD. As of 17 May 17:15:58 SGT
Yangzijiang Shipbuilding (Holdings) Ltd (BS6.SI) Share Price
Chart
Key stats
- 52-Week HighSGD 1.940
- 52-Week LowSGD 1.210
- Market CapSGD 6.9B
- Avg Volume18M
- P/E Ratio (TTM)9.21
- Forward Dividend Yield3.71%
Earnings Highlights
FY2023 Results Summary
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
Outlook
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
Consensus Share Price Target
Price Target: $2.035
Sell
Underperform
Neutral
Outperform
Buy
Source: SGX as of 19 May 2024
Share Price Performance
| BS6.SI | Market
| |
|---|---|---|
| 1 Day | -1.69% | 0.18% |
| 5 Day | 0.57% | 0.30% |
| 1 Month | -1.69% | 5.03% |
| 6 Month | 19.86% | 6.04% |
| YTD | 13.64% | 2.59% |
| 1 Year | 13.64% | -1.79% |
| 5 Year | 121.72% | 0.39% |
Include dividend return
Beansprout Insights
Latest News
Latest dividend
- Dividend yield (TTM)
- 7.43%
- Last payment
- $0.065
- Last ex-Date
- 29/04/2024
By SGX as of 19 May 2024
See how much dividend you will receive in a year based on your investment amount
Company Description
The Company was incorporated in Singapore on 21 December 2005 under the name
Yangzijiang Shipbuilding (Holdings) Pte Ltd and adopted its present name on 15
March 2007.
The Group produces a range of commercial vessels, including mini bulk carriers,
bulk carriers, multi-purpose cargo vessels, containerships, chemical tankers,
offshore supply vessels, rescue and salvage vessels and lifting vessels.
The Group operates two yards, through its subsidiaries, JYS (the “Old Yard”)
and JNYS (the “New Yard”).
The Group’s Old Yard is located in Jiangyin city. The yard spans about 800 m of
deep-water coastline and covers an area of about 200,000 sq m (excluding the
coastal area).
The Group’s New Yard is located in Jingjiang city. The yard has 1,940 m of
deep-water coastline, production area of 1,508,857 sq m, a drydock that can
accommodate two 100,000 dwt vessels and two half 100,000 dwt vessels at one
time.