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YZJ Shipbldg SGD
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The Only Shipbuilding Blue Chip in SGX!
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dontbetray
Master |
08-Sep-2025 17:19
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https://www.businesstimes.com.sg/companies-markets/transport-logistics/cosco-shipping-holdings-and-orient-overseas-international-could-be-hit-over-us2-1-billion-us-port The HSBC report indicates that Cosco Shipping Holdings and Orient Overseas (International) could face over US$2.1 billion in US port fees starting October 14, 2025, significantly impacting their financials. Cosco may incur US$1.5 billion in fees, eroding 74% of its FY2026 consensus Ebit margin, while Orient Overseas could face US$654 million, reducing its Ebit margin by 65%. Non-Chinese carriers are expected to face negligible impact, as they can deploy non-China-built ships (71% of global container capacity by TEU). Chinese carriers might mitigate fees by rerouting via Canada, Mexico, or the Caribbean, increasing demand for feeder services, or using allied partners&rsquo non-Chinese ships on transpacific routes. This could temporarily tighten capacity. In 2024, 15% of US port calls by tonnage used Chinese-built vessels, with some non-Chinese lines like Maersk and Hapag-Lloyd already shifting to South Korean-built ships. |
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pkli899
Supreme |
08-Sep-2025 13:13
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Didn' t expect. Good anyway. |
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Joelton
Supreme |
08-Sep-2025 08:05
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Jump in Yangzijiang Shipbuilding helps propel STI to fresh peak of over 4,300
SINGAPORE &ndash Yangzijiang Shipbuilding did well last week, with its shares jumping around 7 per cent at the start of the week to a six-month high of $3.10, before regaining ground from a 1.3 per cent slip over the week to close at the same price.
The Chinese shipbuilder, a component stock of the Straits Times Index (STI), also helped propel the Singapore blue-chip index to a fresh record of above 4,314 points on Sept 5.
Yangzijiang Shipbuilding announced on Aug 29 after the market closed that it had received new orders comprising 22 vessels worth US$920 million (S$1.18 billion), bringing total orders added in 2025 to nearly US$1.5 billion.
This was despite the softer demand outlook for the shipbuilding sector amid ongoing trade uncertainties and anticipated port fees for Chinese-built cargo ships calling at US ports in mid-October.
The company reckons limited building capacity outside of China, as well as a bumper crop of new orders in 2024, will help it weather the impact of these headwinds.
Yangzijiang: Good at two, better in three?
Meanwhile, developments are unfolding at another Yangzijiang unit: mainboard-listed investment management company Yangzijiang Financial.
At a Sept 4 extraordinary general meeting (EGM), shareholders voted overwhelmingly in favour of hiving off Yangzijiang Financial&rsquo s maritime fund and investments business under a new group to be separately listed on the Singapore Exchange (SGX).
Following its listing by way of introduction, Yangzijiang Maritime Development will function as a dedicated maritime investment platform.
It is expected to list on the mainboard in November.
Yangzijiang Financial, which was itself spun off from Yangzijiang Shipbuilding in 2022, will continue to run the investment management business, comprising mostly debt and real estate investments in China.
Its issued and paid-up capital will shrink by $2 billion, from $4.09 billion to $2.09 billion, after a one-for-one distribution in specie of shares in Yangzijiang Maritime.
This means that shareholders of Yangzijiang Financial will automatically receive shares in Yangzijiang Maritime. No action is required.
A placement of up to $250 million in new Yangzijiang Maritime shares to accredited investors and institutional investors to bring in fresh funds will also be conducted.
Shares of Yangzijiang Financial closed flat on Sept 5 at $1.05.
They have nearly doubled since March, when news of the spin-off first surfaced in the media.
During the week, Yangzijiang Financial was added to the STI reserve list together with Olam Group, replacing CapitaLand Ascott Trust and ComfortDelGro.
The STI reserve list is made up of the five highest-ranking non-constituents of the STI by market capitalisation.
Muted reaction to Indonesia unrest
Protests over perceived excesses of Indonesia&rsquo s political elite have eased since they first broke out in late August, after the authorities responded with a mix of concessions and tight security measures.
Share prices of key SGX-listed companies with significant exposure there largely held steady or posted modest gains across the week.
Olam closed at $1.02 on Sept 5, up a cent from the start of the week.
The group had also announced on Aug 28 the shutdown of Jiva Ag, the digital farmer services platform developed by its venture arm, in a move that affected 606 employees, most of whom are in Indonesia.
Another gainer was Oiltek, which rose 4.6 per cent to close the week at $1.03.
The company announced in a Sept 4 SGX filing that its ongoing projects in Indonesia are not affected by the current unrest as they are not located near the major city centres where demonstrations are taking place.
Wilmar International gained 0.6 per cent over the week to close at $2.97 on Sept 5, while Golden Agri-Resources shares rose by nearly 1.8 per cent to 28.5 cents over the week. Geo Energy shares rose by over 8.3 per cent to 39 cents over the same period.
Bucking the trend was First Resources, which declined nearly 1.2 per cent over the week to close at $1.69, in a likely reflection of an ex-dividend adjustment: Those who bought shares last week will not stand to receive an upcoming interim dividend of 4.5 cents a share on Sept 10.
Interest in Johor continues
Singapore companies have been eyeing opportunities in the Johor-Singapore Special Economic Zone since January, with mainboard-listed accommodation provider Centurion Corp the latest to announce investments in the area.
On Sept 2, Centurion announced the acquisition of Johor-based workers&rsquo dormitory provider Harum Megah Resources in a RM110.8 million (S$33.8 million) deal that will expand its bed capacity in the Malaysia state by 25 per cent as demand rises.
More developments could be on the horizon, with Centurion having signed a letter of intent with a state investment authority in May for planned investments in Johor to the tune of RM300 million to RM500 million.
However, Johor properties will not feature in the company&rsquo s upcoming real estate investment trust (Reit), which focuses on completed properties in developed economies such as Singapore, Australia and Britain.
Centurion&rsquo s announcement comes after Thomson Medical Group on Aug 25 unveiled a planned $5.5 billion development in Johor involving a 500-bed hospital with aged care facilities, a luxury hotel, serviced residences and more.
Thomson Medical shares closed 0.1 cent down at six cents on Sept 5, while Centurion closed at $1.74, down 2.3 per cent through the week.
Other market movements
ST Engineering shares rose by over 3 per cent over the week, closing on Sept 5 at $7.92.
The company said on Sept 1 that it had divested its 46.5 per cent stake in CityCab to ComfortDelGro, its partner in what had been a joint venture, for $116.3 million &ndash which it will use to pare debt.
In a research report dated Sept 2, RHB maintained its &ldquo buy&rdquo call for ST Engineering, with a target price of $9.10.
&ldquo While the incremental interest savings are slightly lower than the foregone associate earnings, the net impact on group earnings for 2025-2027 is immaterial,&rdquo said RHB analyst Shekhar Jaiswal.
At current levels, ST Engineering&rsquo s share price is still around 13 per cent off its all-time high of $8.96 in August, but RHB views the slide as a post-results pullback after a strong rally in the year to date.
&ldquo We reiterate that our 2029 forecasts are below management&rsquo s targets, leaving room for upside potentially via stronger international defence orders, lower interest costs from faster deleveraging, and capital recycling, including migrating aviation asset management to a fund structure,&rdquo Mr Jaiswal said.
Boustead Singapore surged to a high of $1.72 on Sept 3, before settling to close at $1.60 by Sept 5.
The engineering and technology group on Sept 2 applied to list a Reit on SGX, with a portfolio that includes its Singapore logistics and industrial real estate assets plus other properties not held by the group.
Shares of CNMC Goldmine soared by over 30 per cent through the week to close on Sept 5 at 83 cents.
SAC Capital analyst Matthias Chan on Sept 4 raised his target price on the gold miner to $1.13 from 45 cents previously, following the company&rsquo s &ldquo stellar&rdquo results in the first six months of 2025, as well as rising gold prices.
What to look out for
Singapore semiconductor optics start-up MetaOptics is set to make its debut on Catalist on Sept 9. Thirty million placement shares have been issued at 20 cents apiece, with an aim to raise $6 million in gross proceeds.
Centurion will hold an EGM on Sept 10 for shareholders to vote on the listing of Centurion Accommodation Reit.
Centurion &ndash which had been trading at a discount around a year ago &ndash has been on investors&rsquo radars, with its shares up by over 80 per cent since the start of 2025.
Catalist-listed Sincap Group will hold its EGM on Sept 11 for shareholders to vote on the group&rsquo s reverse takeover of commercial vehicle leasing provider Skylink Apac in a deal worth $42.3 million.
Sincap, which has been suspended from trading since May 2021, also laid out in a Sept 5 bourse filing its responses to concerns raised by the Securities Investors Association (Singapore) over the deal valuation and dilution of shares.
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Ovywind
Veteran |
07-Sep-2025 00:07
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I love this script since I was lucky here from 2 sgd to 3 sgd it was quite good may recieved huge dividends too 3.5 is easy target within December keep invested |
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ahtaolim
Member |
06-Sep-2025 23:34
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is this latest news or old news?
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Winnertakeall
Elite |
03-Sep-2025 18:08
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Lepta Shipping, a joint venture of Nissen Kaiun and Mitsui & Co.,recently ordered two midsize gas carriers from Yangzijiang Shipbuilding. These new builds, expected to be delivered in 2028, will be dual-fueled and meet stringent environmental regulations. The company also has other ongoing projects, including Kamsarmax bulk carriers at the Yangzi-Mitsui Shipbuilding (Yamic) facility and a prior order for neo-panamax containerships.
Recent Orders
Other Ongoing New Builds
Shipyard & Partners
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blesspeggy
Senior |
03-Sep-2025 17:39
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YZJ NEW SHIP ORDER AS AT 03/9 $YZJ Shipbldg SGD (BS6.SG)$ Lepta Shipping linked to LPG carrier newbuildings at Chinese yard Japanese tonnage provider has a total of 10 midsize gas carriers on order at Yangzijiang Shipbuilding. | ||||
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BinderyT
Elite |
03-Sep-2025 14:27
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Stock price not moving ... I think too many good news within too short period, market cannot absort. Should space them out :)
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blesspeggy
Senior |
03-Sep-2025 12:31
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VICTORY TO CHINA SHIPBUILDERS-YZJ $YZJ Shipbldg SGD (BS6.SG)$ 全 球 巨 单 流 向 中 国 船 厂 ， 韩 国 造 船 业 再 遭 重 创 船 舶 振 兴 船 事 探 索 2025年 09月 03日 08:08 1人 随 着 全 球 航 运 公 司 密 集 下 单 ， 中 国 船 厂 正 在 牢 牢 掌 控 超 大 型 集 装 箱 船 市 场 ， 而 韩 国 造 船 业 却 陷 入 持 续 低 迷 。 本 来 ， 韩 国 船 厂 还 寄 希 望 于 美 国 政 府 征 收 港 口 入 港 费 来 打 击 中 国 船 舶 ， 从 而 获 得 喘 息 机 会 。 但 现 实 却 很 残 酷 ： 中 国 的 价 格 优 势 不 仅 没 有 被 削 弱 ， 反 而 进 一 步 扩 大 。 关 键 案 例 ??达 飞 订 单 花 落 中 国 法 国 达 飞 海 运 集 团 （ CMA CGM） 刚 刚 与 中 船 集 团 旗 下 大 连 船 舶 重 工 签 订 了 一 份 重 磅 订 单 ： 10艘 LNG双 燃 料 超 大 型 集 装 箱 船 ， 总 价 值 高 达 21亿 美 元 。 韩 国 三 大 船 厂 （ 现 代 重 工 、 三 星 重 工 、 韩 华 海 洋 ） 都 参 与 了 投 标 ， 甚 至 一 度 认 为 稳 操 胜 券 ， 结 果 却 惨 败 。 这 意 味 着 韩 国 本 有 机 会 拿 下 ?数 十 亿 美 元 级 ?大 单 ， 却 眼 睁 睁 看 着 被 中 国 截 胡 。 不 仅 是 达 飞 ， MSC也 只 认 中 国 全 球 第 一 的 地 中 海 航 运 （ MSC） 今 年 7月 也 直 接 向 中 国 五 家 船 厂 下 单 20艘 2万 TEU集 装 箱 船 ， 单 一 合 同 规 模 同 样 达 到 数 十 亿 美 元 。 截 至 今 年 上 半 年 ， MSC没 有 给 韩 国 任 何 一 个 订 单 。 美 国 政 策 失 效 ， 港 口 税 威 力 大 打 折 扣 韩 国 原 本 寄 望 于 美 国 今 年 10月 开 始 征 收 的 港 口 入 港 费 ??对 中 国 船 舶 每 吨 征 收 50美 元 ， 对 中 国 制 造 船 舶 每 吨 征 收 18美 元 。 业 界 当 时 认 为 ， 这 将 让 中 国 船 厂 ?失 血 ?， 韩 国 能 趁 机 反 弹 。 但 结 果 是 ： 1. 船 东 们 通 过 ?换 旗 ?规 避 缴 费 ， 把 中 国 船 转 移 到 非 美 国 航 线 。 2. 贷 款 互 换 ?方 式 盛 行 ： 融 资 时 挂 中 国 旗 ， 交 付 后 换 成 别 的 旗 子 ， 轻 松 逃 避 港 口 费 。 这 样 一 来 ， 韩 国 造 船 业 指 望 的 ?政 策 红 利 ?并 没 有 出 现 。 大 势 所 趋 ??船 东 只 看 成 本 在 碳 中 和 和 航 运 节 能 的 背 景 下 ， 船 东 要 的 不 是 政 治 保 护 ， 而 是 性 价 比 和 交 付 保 障 。 1. 中 国 船 厂 能 给 出 更 低 价 格 ， 交 付 速 度 也 有 保 障 。 2. 船 东 算 完 账 后 发 现 ， 美 国 的 港 口 费 根 本 抵 消 不 了 中 国 船 厂 带 来 的 价 格 差 距 。 正 如 《 TradeWinds》 评 论 的 那 样 ： ?即 便 达 飞 口 头 上 说 要 支 持 美 国 造 船 业 ， 订 单 还 是 毫 不 犹 豫 地 落 在 了 中 国 船 厂 手 里 。 ? 韩 国 造 船 业 现 在 不 仅 仅 是 ?丢 单 ?， 而 是 陷 入 了 结 构 性 困 境 。 LNG船 的 优 势 无 法 填 补 集 装 箱 船 市 场 的 缺 口 ， 美 国 政 策 保 护 也 靠 不 住 。 未 来 几 年 ， 中 国 船 厂 在 全 球 高 端 船 型 市 场 的 份 额 只 会 越 来 越 大 ， 而 韩 国 将 被 迫 进 入 一 场 ?没 有 退 路 的 价 格 战 ?。 | ||||
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Winnertakeall
Elite |
02-Sep-2025 21:48
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Interasia Lines inks orders for up to eight container ships in ChinaRegional liner operator signs first deal with Yangzijiang
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blesspeggy
Senior |
02-Sep-2025 19:20
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YZJ NEW SHIP ORDER AS AT 02/9 $YZJ Shipbldg SGD (BS6.SG)$ 6+2， 扬 子 江 船 业 再 接 新 单 中 国 船 检 2025年 09月 02日 18:12 听 全 文 Interasia Lines在 扬 子 江 船 业 订 造 多 达 8艘 2900标 箱 集 装 箱 船 。 这 家 亚 洲 区 域 集 装 箱 航 运 公 司 已 确 定 下 单 6艘 集 装 箱 船 ， 并 拥 有 另 外 2艘 的 选 择 权 。 新 船 计 划 2028年 交 付 。 | ||||
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Joelton
Supreme |
02-Sep-2025 18:07
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Yangzijiang Shipbuilding soars on the back of new orders worth US$920 million
The company secures additional shipbuilding contracts for 22 vessels
[SINGAPORE] Shares of Yangzijiang Shipbuilding soared 6.5 per cent shortly after market open on Monday (Sep 1) on the back of its announcement that it has secured 22 new orders for its vessels.
The counter jumped S$0.19 to S$3.10 as at 9.29 am, having closed at S$2.91 on Aug 29.
The Chinese shipbuilder announced the new orders worth US$920 million after the market closed that day.
The new vessels are due for deliveries between 2027 and 2029, and will not &ldquo have any significant impact on the earnings&rdquo for 2025, it said.
The new orders mean that Yangzijiang Shipbuilding has secured orders with an aggregate value of nearly US$1.5 billion in the year to date.
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MrBear12
Supreme |
02-Sep-2025 01:29
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Agree with GS on 4 dollar price target.
By year end so that bears can hibernate. |
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Wisedom
Senior |
01-Sep-2025 23:02
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Yangzijiang Shipbuilding shares (SGX: BS6) have gained 6.53% today, and are attracting renewed attention, with Goldman Sachs initiating coverage with a Buy rating and a price target of S$4, signaling an attractive valuation within the current containership industry upcycle. | ||||
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pkli899
Supreme |
01-Sep-2025 14:53
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Slowly but surely, moving towards previous ATH. | ||||
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BinderyT
Elite |
01-Sep-2025 11:02
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Yes. Maybe we can get TACO 2 :)
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huattuatua
Elite |
01-Sep-2025 10:11
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LOL on second thought, TACO is not tt bad to help investors gotten this below 2 and dbs was 36++
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BinderyT
Elite |
01-Sep-2025 10:08
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Congrats! When it went below $2, I think most long term holders added despite a lot of nonsense postings from Trump' s dog.
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huattuatua
Elite |
01-Sep-2025 09:41
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when i bot this at 2.26, din know the TACO' s liberation day will cause this to tank below 1.8, but at that time no capital to hoot more liao however, my unwavering faith in this chinese world class builder has helped me to make a handsome capital gains as of today, reckon will surpass the ath of 3.32 (adjusted for div of 12 cts so it should be 3.2 thereabouts) huat to those vested |
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huattuatua
Elite |
01-Sep-2025 09:35
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late by 5 days but better late tha never, :)))
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