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The Only Shipbuilding Blue Chip in SGX!

Yangzijiang spins off new unit to operate vessel delivery and repair in Nantong

[SINGAPORE] Yangzijiang Shipbuilding : BS6 -0.5% has spun off a new unit to build and run facilities in Nantong, China, for delivering large vessels and carrying out ship repair and conversion work.

In a bourse statement on Wednesday (Apr 15), the mainboard-listed company said the new wholly-owned subsidiary, Jiangsu Yangzi Hongda Shipbuilding and Repair, has a registered capital of US$100 million, funded through the group&rsquo s &ldquo internal resources&rdquo .

The incorporation of Jiangsu Yangzi Hongda Shipbuilding and Repair is not expected to have any material impact on the earnings per share and net tangible assets per share of the group for the financial year ending Dec 31, 2026.

Aside from their stakes in the company, none of its directors or controlling shareholders have any direct or indirect interest in the setting up of the new subsidiary.

 

Stocks to watch: Business Times
SIA, Yangzijiang Shipbuilding, Keppel DC Reit, Suntec Reit, Olam Group, StarHub   

https://bt.sg/FoMw
 

 

Yangzijiang spins off new unit to operate vessel delivery and repair in Nantong  

The new subsidiary has a registered capital of US$100 million, funded through the group internal resources

Yangzijiang Shipbuilding : BS6 -0.5%  has spun off a new unit to build and run facilities in Nantong, China, for delivering large vessels and carrying out ship repair and conversion work.

In a bourse statement on Wednesday (Apr 15), the mainboard-listed company said the new wholly-owned subsidiary, Jiangsu Yangzi Hongda Shipbuilding and Repair, has a registered capital of US$100 million, funded through the group internal resources.

The incorporation of Jiangsu Yangzi Hongda Shipbuilding and Repair is not expected to have any material impact on the earnings per share and net tangible assets per share of the group for the financial year ending Dec 31, 2026.

 

dexterderc      ( Date: 15-Apr-2026 21:44) Posted: https://www.businesstimes.com.sg/companies-markets/yangzijiang-spins-new-unit-operate-vessel-delivery-and-repair-nantong

 

https://www.businesstimes.com.sg/companies-markets/yangzijiang-spins-new-unit-operate-vessel-delivery-and-repair-nantong

 

Yangzijiang Shipbuilding (Holdings) Ltd (SGX: BS6)   
The Earnings Growth Story

 

This shipbuilding powerhouse has been surfing on a wave of margin expansion and higher profits over the last five years, on the back of increased pricing power and lower material costs.   

For context, the net margin for Yangzijiang Shipbuilding, or YZJ, expanded from 12.6% in FY2022 to a staggering 30.3% in FY2025, with net profit surging from RMB 2.6 billion to RMB 8.6 billion.   

YZJ rising earnings have closely tracked its share price appreciation over the years, suggesting the multi-year rally is justified by the company higher earnings.   

The key question is: Can the company earnings continue growing?   

With US$22.4 billion (RMB 154 billion) in order backlog, YZJ has decent visibility for its future revenue and earnings.   

For investors, monitoring the orders secured by this shipbuilder is a must to gauge future earnings sustainability. 

 

hard to say. it is precisely with the new investment and the undervalued price, all the more they will consider to delist and list in HKEX. the price there will definitely surpass SGX lousy price.

JAMMIE      ( Date: 14-Apr-2026 13:14) Posted: not even close to getting privatised especially with the recent investments both by the company and ceo. the BBs keep playing this stock becuase it has big swings and provides them with ample opportunities to pick up some trading money. as a smal linvestor if you have a 3-5 years horizon you will make money, just need to be patient and not watch the swings thatr keep happening. Long term it will go up and keep paying a dividend in the range of 4%-5% as it has clear revenue visibility till 2030. the  profits should also hold, and with the new shipyard coming online in second half of 2026, the capacity will go up and then they will get aggresive with more order wins. also YZJ is very choosy in their orders and focusses on  profitable business.    pursuer76      ( Date: 14-Apr-2026 12:40) Posted: looks like some ppl/BBs have been selling down. maybe intentionally suppress price for low-ball privatisation?

 

not even close to getting privatised especially with the recent investments both by the company and ceo. the BBs keep playing this stock becuase it has big swings and provides them with ample opportunities to pick up some trading money. as a smal linvestor if you have a 3-5 years horizon you will make money, just need to be patient and not watch the swings thatr keep happening. Long term it will go up and keep paying a dividend in the range of 4%-5% as it has clear revenue visibility till 2030. the  profits should also hold, and with the new shipyard coming online in second half of 2026, the capacity will go up and then they will get aggresive with more order wins. also YZJ is very choosy in their orders and focusses on  profitable business.   

pursuer76      ( Date: 14-Apr-2026 12:40) Posted: looks like some ppl/BBs have been selling down. maybe intentionally suppress price for low-ball privatisation?

 

looks like some ppl/BBs have been selling down. maybe intentionally suppress price for low-ball privatisation?

 

Why SBB is usually positive for YZj Shipbuilding   

1. Signals management thinks stock is undervalued

• Buybacks are often done when management believes the share price doesnt reflect intrinsic value
• This fits recent commentary that the group share price does not accurately reflect intrinsic value

👉 Market takeaway: confidence signal

2. Improves shareholder returns (EPS, ROE)

• Fewer shares mean higher earnings per share (EPS)
• Can boost valuation multiples over time

3. Uses excess cash efficiently

• Buybacks are typically done when the company has strong cash flow / balance sheet
• Suggests no urgent need for capital elsewhere

4. Provides downside support

• If they actively buy in the market, it can:
  • Stabilise price
  • Reduce volatility

 

YZJ should be on the way up this week.

 

Proposed Shsre buy back

https://links.sgx.com/1.0.0/corporate-announcements/7ZJA5ATPP96JANKM/2066095b18987b8df86df5d9df6bcc27d6be87341f3509ce4b5047cd3a29aeb5

 

think need more analyst to raise the TP then got impact. Best is DBS also join in. See YZJ maritime and u will know.

 

UOBKH raises Yangzijiang Shipbuilding target price to S$4.75 on Seaspan stake

It will acquire a 10% stake in Poseidon, the holding company of Seaspan, for US$825.7 million

[SINGAPORE] UOB Kay Hian (UOBKH) raised its target price for Yangzijiang Shipbuilding (YZJ) : BS6 +0.76% to S$4.75 on Monday (Apr 6), up from S$4.60. It cited a strategic acquisition that enhances the group&rsquo s &ldquo visibility, stability and growth&rdquo .

UOBKH analyst Adrian Loh maintained a &ldquo buy&rdquo call on the Chinese shipbuilder, following the group&rsquo s announcement that it will acquire a 10 per cent stake in Poseidon, the holding company of Seaspan, for US$825.7 million.

Seaspan operates long-term charters with major liners, providing stable contracted cash flows and counter-cyclical earnings relative to shipbuilders, Loh noted. 

The investment was made at a premium of roughly 2 to 25 per cent over fair value, but Loh believes the &ldquo financially full&rdquo price is justified by strategic considerations. 

These considerations include securing alignment with Seaspan, and likely enhances order visibility going forward, he said. The company indicated that the acquisition would have increased 2025 pro forma net profit by around 5 per cent.

&ldquo The investment positions YZJ further upstream in the container ship value chain, providing direct visibility into fleet renewal cycles and global charter dynamics,&rdquo he added.

&ldquo We view the Poseidon investment as a clear step towards vertical integration, linking YZJ more closely with end-demand,&rdquo Loh said. &ldquo As a result, YZJ should now have forward visibility on fleet expansion and replacement needs, thus enabling it to better plan yard capacity, optimise slot utilisation and secure repeat orders.

&ldquo In effect, the company embeds a degree of order pipeline visibility into its business model, reducing earnings volatility and mitigating the traditional boom-bust dynamics of shipbuilding.&rdquo

The brokerage also highlighted the group&rsquo s robust operational performance. 

YZJ secured 22 new vessel orders worth US$980 million in Q1 2026, comprising 17 container ships, four oil tankers and one bulk carrier. Its US$23 billion order book across 256 vessels supports earnings visibility through 2029.

Loh noted that structural drivers remain firmly intact. Demand is underpinned by an ageing global fleet and tightening IMO 2030/2050 decarbonisation regulations, which require fuel-efficient new builds.

He added that the container ship market remains resilient in 2026, with charter rates near post-Covid highs. 

Freight rates have been supported by geopolitical disruptions, including tensions in the Middle East that have pushed China-Europe rates up by around 20 per cent since February 2026.

 

A Look At Yangzijiang Shipbuilding (SGX:BS6) Valuation After Securing US$0.98b In New Vessel Contracts

Contract win and why it matters for Yangzijiang Shipbuilding (Holdings) (SGX:BS6)
https://simplywall.st/stocks/sg/capital-goods/sgx-bs6/yangzijiang-shipbuilding-holdings-shares/news/a-look-at-yangzijiang-shipbuilding-sgxbs6-valuation-after-se

 

https://marketing.utrade.com.sg/e3t/Ctc/L1+113/d4GP3-04/VVm6m73lNZWyW21FcCQ1cv476W1FPBGm5MwVlWN2bpb_C5nR3bW50kH_H6lZ3nVN4sH1pGpnfv0W5ch4zf1Jts0cW8bmdkT4VZr7TVFdLbb37BV9wN34rQHMQjXq_W8D26kW8bdXVlW2YxlqT38-3fxW7cZ5Z-6QSTjyW84qB3Q7k0l8CW54Xh7_7_QspMW9jXLMM7xWXHqW3ZnKb-7Kh7_8W3PN4TC60YMXVW8dzGMY9874PRW7wSFNY1Dh4rYV5Xk1Z3mZcJGW7Slrps6jjQkfW6g52zL8cXXCGN8z0Sn8n8tC2W1g2WXH1VB3dKW9bdgjJ1ql44gW8Hw1rJ4Dg7ZJW6VNS3n1cCrGZVTwwTz6SwszHN2VWVrzwYpMvW2W8nm532b5cdW5Kps_S45rn4ZV4Wn-461Z9H9W25yLgq5vX4nDW6bLWpH2Vh1_FW7b-Q3w8LyCtfW5w1lr53Dj85NdMY4Fn04

 

The Edge Singapore | Loh of UOBKH raises target price 
for YZJ to $4.75 following US$825.7 mil Seaspan stake.

Adrian Loh of UOB Kay Hian has slightly raised his target price for Yangzijiang Shipbuilding from $4.60 to $4.75 after the company announced additional order wins, plus to reflect potential higher earnings from a planned investment in a customer.

https://www.theedgesingapore.com/capital/brokers-calls/loh-uobkh-raises-target-price-yzj-475-following-us8257-mil-seaspan-stake
 

 

Base Data

• FY21 DPS: 4.5¢
• FY24 DPS: 12.0¢
• FY25 assumption: 20.0¢

---

FY26 to FY28 Projections

Scenario	FY26 DPS	FY27 DPS	FY28 DPS
Continuation of FY21 to FY25 CAGR (~45%)	~29¢	~42¢	~61¢
Moderate growth (+30% YoY)	~26¢	~34¢	~44¢
Conservative growth (+20% YoY)	~24¢	~29¢	~35¢

---

Insights

• If the company sustains the 45% CAGR pace, dividends could more than triple again by FY28, reaching ~61¢ .
• Even with more moderate growth (20 to 30%), DPS still compounds meaningfully, reaching ~35 to 44¢ by FY28.
• The FY25 jump to 20¢ already signals acceleration,  FY26 to FY28 will show whether this is a structural shift (e.g., stronger cash flows, higher payout policy) or a one-off surge.

 

Winnertakeall      ( Date: 03-Apr-2026 20:34) Posted: Three Cash-Rich Blue Chips to Weather Market Turbulence 1) Genting Singapore (SGX: G13)       The Net Cash Compounder 2) Singapore Exchange Limited (SGX: S68), or SGX       The Defensive Market Leader 3) Yangzijiang Shipbuilding (SGX: BS6), or YZJ       The Dividend Stability Leader YZJ stands out because it doesn t just report strong earnings it actually turns those profits into cold, hard cash & ndash the fuel behind its steady dividend growth. The group has grown its annual dividend from S$0.045 in FY2021 to S$0.12 in FY2024, more than doubling payouts over that period. For FY2025, the board has proposed a final dividend of S$0.20 per share a further step up implying a 50% payout ratio and a yield of around 5.2% at the current share price. For FY2025, net profit surged 30.2% year on year (YoY) to RMB8.6 billion a record high. Margins also expanded, with net profit margin rising to 30.3%, up from 25.0% the year before. YZJ is also locking in future revenue streams: its orderbook stood at US$22.4 billion for 245 vessels, stretching deliveries through to 2030. With rising profits, a clear dividend plan, and a packed orderbook, YZJ offers a rare mix of immediate  yield and visible growth.

 

Three Cash-Rich Blue Chips to Weather Market Turbulence

1) Genting Singapore (SGX: G13)
      The Net Cash Compounder

2) Singapore Exchange Limited (SGX: S68), or SGX
      The Defensive Market Leader

 

Likely to be in early May but no official announcement yet.

cutlelin      ( Date: 02-Apr-2026 10:09) Posted: Any idea when YZJ shipping Div coming?

 

Any idea when YZJ shipping Div coming?