Yangzijiang a beneficiary of e-commerce boom, shipping demand
Shipbuilder has secured record orders this year; meanwhile, its other businesses are growing and delivering improved profitability
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Singapore
THE Singapore dollar shares of China-based Yangzijiang Shipbuilding Holdings are up 72.8 per cent this year, making the shipbuilder the best performing constituent of the Straits Times Index by a long way. The second-best performer is CapitaLand, up 24.3 per cent.
In spite of that gain, Yangzijiang is still valued at a relatively modest 10.3 times its historical earnings and 10.7 times its forecast earnings, according to Bloomberg data.
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