Yangzijiang Shipbuilding has seen its share price surge almost 20% in recent days on the back of its cost-cutting measures and upbeat analyst report.
“As the largest and most cost efficient private shipbuilder in China, Yangzijiang is well-positioned to benefit from the state-owned enterprise (SOE) reform in China and ride the anticipated shipping recovery,” said DBS analyst Pei Hwa Ho.
“It has a solid balance sheet, sitting on net cash of SGD 0.65
