Yangzijiang: DB keeps Buy call but lifts target price to $2.40 from $1.90 after raising FY11-12 forecasts for new orders by 60-78%. Highlights China-based shipyard’s strength in the containership market & hopeful for more orders. Cites recent TDR listing has raised its profile among key Taiwanese shipping lines with 1 shipyard now in talks with company to build 8k TEU containerships.
Any success in this segment will enable group to scale up on its capabilities & add a new line of vessels to its portfolio as YZJ's currently only builds up to 4,250 TEU size vessels.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment