Singapore-listed Yangzijiang Shipbuilding has been identified as a potential privatisation candidate, according to one local analyst.
The Chinese shipbuilder is described as a “deep-value” stock as its potential net cash is greater than its current market capitalisation.
“We view Yangzijiang as an attractive buyout candidate, given that the value of the current portion of its debt investments plus its net cash are more than its current market capitalisation,” UOB Kay Hian analyst Adrian Loh said.
