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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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Janice Lim

Janice Lim

Published Tue, Apr 5, 2022 · 09:50 PM

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.

Yangzijiang ShipbuildingCGS-CIMBIPO

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