In an alert issued Friday morning Yeak Chee Keong of Maybank Kim Engstamped the Chinese shipbuilder’s Singapore-listed shares with a “hold” ratingand raised his price target to SGD 1.18 ($0.94).
The forecaster applauded Yangzijiang’s performance in the first-quarter,a period in which a 20% spike in revenue contributed to a profit that toppedthe consensusestimate, but also warned clients about obstacles the companycould face in the months ahead.
“Shipbuilding
