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Hot stock: Yangzijiang Shipbuilding up 15% on robust H1 earnings 

Revenue rises 15.3 per cent to 13 billion yuan, mainly due to the strong performance of its shipbuilding business, which makes up 95 per cent of total revenue

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Chong Xin Wei

Chong Xin Wei

Published Tue, Aug 13, 2024 · 11:13 AM
    • Yangzijiang's focus on building eco-friendly ships enabled it to secure a record number of orders in H1.
    • Yangzijiang's focus on building eco-friendly ships enabled it to secure a record number of orders in H1. PHOTO: YANGZIJIANG SHIPBUILDING

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    SHARES of Yangzijiang Shipbuilding gained some ground on Tuesday (Aug 13) morning after the company reported a 77.2 per cent increase in first-half net profit.

    The counter hit a high of S$2.74 as at 9.44 am, gaining 15.1 per cent or S$0.36.

    As at 10.48 am, Yangzijiang Shipbuilding was the most actively traded counter by both value and volume. Its shares were trading up 14.3 per cent or S$0.34 at S$2.72, with 29.2 million shares having changed hands.

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