Tuesday, December 4, 2007

Yangzijiang Shipbuilding Holdings

Wins shipbuilding contracts worth US$204

Shipbuilder Yangzijiang has won US$204 mln of shipbuilding contracts for four vessels in the month of November.

The contracts are to be delivered before February 2012.The company has secured US$3.7 bln worth of contracts from January to November and it has US$5.7 bln worth of contracts on hand.

The stock closed down at S$1.94 today. Reuters consensus has a 'Buy' call on the stock with a target price of S$2.45.
Posted by Tony Tan at 6:31 AM
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