Brokers' take

Yangzijiang Shipbuilding (YZJ) | Hold (downgraded) Fair value: S$1.32 Oct 3 close: S$1.29 OCBC Investment Research, Oct 3

Having risen 38 per cent since we reiterated our "Buy" call on Aug 8, the shares of YZJ are now trading close to our fair value estimate.

The upward momentum of the stock has been strong. It appreciated by close to 48 per cent from its trough in mid-July. While the momentum may continue in the near term, the upside potential for the stock is diminishing.