CGS-CIMB raises Yangzijiang target price to S$2.41
Listing of investment arm spin-off Yangzijiang Financial Holdings on SGX mainboard expected by end-April
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Singapore
CGS-CIMB has increased Yangzijiang Shipbuilding's target price to S$2.41 from its previous target of S$1.78, if its plans to list its investment arm spin-off Yangzijiang Financial Holdings come to fruition.
This presents a potential upside of 54.5 per cent from its Monday (Apr 4) closing price of S$1.56.
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