YangZiJiang: CIMB maintains Outperform and raises TP to $2.57 from $2.15. Note that grp has secured US$1.3b worth of orders with pockets of orders in 4Q10 and believe the strength in containership orders could make up for softer demand for bulk carriers in 2011….
Raises order and earnings assumptions & higher TP takes into account earnings upgrade. Other stock catalysts could include stronger-thanexpected order wins and margins.
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