Singapore analysts remain bullish about the prospects for Yangzijiang Shipbuilding despite a recent 20% spike in the company’s share price.
The shipbuilder’s decision to spin off its investments business into a separate listing on the Singapore Exchange (SGX) is being seen as a near-term catalyst.
YZJ Financial Holdings (YZJFH) is due to be spun out from Yangzijiang Shipbuilding via a distribution in specie to shareholders who will receive one YZJFH share for every one share they hold in the shipbuilder.
