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501-520 of 32784
Same here. We appreciate accurate and meaningful input!
AhTan888 ( Date: 24-Nov-2025 20:39) Posted:
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YZJ SHIP BUILDING COMPLETION AS AT 24/11
$YZJ Shipbldg SGD (BS6.SG)$
YTD:47 vs. 56 Ships Completed.
生 产 速 递 】 为 MSC建 造 的 第 十 一 艘 LNG双 燃 料 16000TEU集 装 箱 船 ?MSC IRIS?轮 交 付
扬 子 江 船 业
2025年 11月 24日 19:42 听 全 文 .
That's what I thought too
pkli899 ( Date: 24-Nov-2025 20:11) Posted:
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Seems misleading.
The order won by Jiangnan Shipyard.
Reported by Tradewinds on 21.11.25.
The order won by Jiangnan Shipyard.
Reported by Tradewinds on 21.11.25.
Can share the link to the news?
blesspeggy ( Date: 24-Nov-2025 18:17) Posted:
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YZJ MITSU SHIP ORDERS WON OF 6XVLEC FROM LOYALIST CUSTOMER SEASPAN WORTH US$1B
$YZJ Shipbldg SGD (BS6.SG)$
特 别 关 注 ｜ 6艘 ！ 近 十 亿 美 元 ！ 中 国 船 厂
Original 王 思 佳 中 国 船 检
2025年 11月 24日 17:49 听 全 文
Seaspan公 司 正 通 过 订 购 一 系 列 VLEC新 造 船 ， 进 军 气 体 运 输 领 域 。
据 贸 易 风 报 道 ， 全 球 最 大 的 独 立 集 装 箱 船 租 赁 公 司 Seaspan正 在 考 虑 一 笔 价 值 近 十 亿 美 元 的 新 造 船 订 单 ， 在 一 家 中 国 船 厂 下 单 建 造 最 多 6艘 10万 cbm的 超 大 型 乙 烷 运 输 船 （ VLEC） 新 船 。
有 消 息 称 ， Seaspan为 这 些 超 VLEC选 定 了 B型 储 罐 系 统 。 造 船 业 相 关 人 士 称 ， 上 述 船 厂 已 为 这 些 新 造 船 舶 预 留 了 2028/2029年 度 的 建 造 计 划 。
Obviously profit taking or fund rotation by BB during month end.
Don't look good. Matching throw down 9M+ shares to close 3 bid down at 3.33.
YZJSB cited stiffer competition from second-tier yards with yard availability and lower pricing in the recent months&rsquo order wins. YTD order wins at US$2.17bn. We expect some small vessels contracts before end-25, but lower our order forecast for 2025F to US$3bn. ASP for 10K TEU containerships declined by c.10% yoy in 2025 and YZJSB expects c.10% further decline in 2026F the yard remains selective in bidding. The positive is steel costs remain low, likely to keep margins stable in FY26F (1H25: 35%). We raise FY25-26F shipbuilding GM to 35% (from 32%). Reiterate Add and raise TP to S$4.51, on 10x P/E, rolled forward to CY27F. The stock trades at a 50% discount to peers. Order wins are key catalysts.
YZJ- FURTHER UPDATES IF ORDERS WON SINCE 50 SHIPS ORDER WON DURING 3QBU.
$YZJ Shipbldg SGD (BS6.SG)$
YZJ Continues has won a total of 14 Feeder Containers + 2 Bulks.
Final official updates will be in 1wk of Dec'25.
DYOD.
Yangzijiang Shipbuilding Dividend Payouts
2023 - 6.5c
2024 - 12c
2023 - 6.5c
2024 - 12c
Dividend not 6.5 cents. Collected 12 cents
sfw2124 ( Date: 22-Nov-2025 17:43) Posted:
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Please based on latest YZJ order books and figures update?Yangzijiang Shipbuilding
(YZJ) &ndash Latest Order Book & Financial Update
Based on the most recent announcements (November 17-20, 2025), here is the comprehensive update on YZJ' s order book and business performance:
Order Book Highlights (As of November 17, 2025)
Outstanding Orderbook:
Total Value: USD 22.83 billion (representing 245 vessels with 8.77 million compensated gross tons)
Delivery Schedule: Extends through 2030, providing multi-year revenue visibility
Clean Energy Vessels: 71% of total order backlog value &ndash demonstrating leadership in green shipbuilding aligned with global energy transition
2025 Year-to-Date Order Intake:
USD 2.17 billion for 50 vessels (as of November 17, 2025)
Breakdown by Quarter:
H1 2025: USD 540 million (14 vessels) &ndash Sluggish due to macro headwinds
H2 2025: USD 1.63 billion (36 vessels) &ndash Strong acceleration showing recovery momentum
4x growth from H1 to second half signals turning point in market sentiment
Current Annual Target Status:
2025 Full-Year Target: USD 6 billion in order intake
Year-to-Date Achievement: USD 2.17 billion (36% of target)
This represents approximately one-third of the 6 billion target, tracking below last year' s USD 11.64 billion, but with accelerating momentum in H2
Vessel Type Breakdown (Current Order Book)
Container Ships: 126 vessels (USD 16.21 billion)
Range: 1,100 TEU to 24,000 TEU
50 LNG dual-fuel-powered container ships (green energy)
29 methanol dual-fuel-powered container ships (green energy)
2025 orders include: 38 container vessels across multiple specifications (five 1,100 TEU, eight 1,700 TEU, five 1,800 TEU, six 2,900 TEU, four 3,000 TEU, four 3,100 TEU, two 4,300 TEU, two 4,488 TEU, two 11,800 TEU)
Bulk Carriers: 46 vessels (USD 1.86 billion)
2025 orders: 10 bulk carriers (four 71,000 dwt, six 83,000 dwt)
Oil Tankers: 47 vessels (USD 2.4 billion)
Gas Carriers (LPG, LEG, VLAC, VLEC): 26 vessels (USD 2.36 billion)
2025 orders: 2 × 40,000 cubic meter LPG carriers
Delivery Performance (2025 Year-to-Date)
Vessels Delivered: 46 out of 56 target (82% completion rate)
Notable Recent Deliveries:
First batch of 36,000-cubic-meter dual-fuel LEG carriers
10th 16,000-TEU LNG dual-fuel container ship
8,200-TEU LNG dual-fuel container ship with advanced GTT membrane-type fuel tank
On track to meet or slightly exceed FY2025 delivery target of 56 vessels
Financial Performance (H1 2025 Results)
Metric H1 2025 Growth
Total Revenue RMB 12.9 billion Strong shipbuilding demand
Shipbuilding Segment Revenue RMB 12.25 billion Core business driver
Shipping Segment Revenue RMB 510 million Diversification component
Net Profit (attributable to shareholders) RMB 4.2 billion +37% YoY
Gross Profit RMB 4.4 billion +27.6% YoY
Gross Margin 34.5% +7.8 percentage points
Profitability Interpretation: Despite lower order intake in H1 2025, YZJ achieved strong earnings growth due to (1) execution of existing high-margin orders from the massive 2024 order book, and (2) improved operational efficiency
Strategic Developments
1. Yangzijiang Maritime Development Spin-Off (November 18, 2025)
IPO Status: Officially listed on SGX Mainboard via introduction
First Day Closing Price: SGD 67
Capital Raise: USD 250 million planned to support maritime asset acquisitions
Purpose: Dedicated vessel investment and charter business vehicle, allowing separation of shipbuilding and shipping operations
2. Capacity Optimization & Remaining Slots
Company is actively working to fill remaining delivery slots for 2029 with focus on small- to medium-sized vessels
This indicates confidence in future order prospects and willingness to commit production capacity
Key Investment Insights
Bullish Factors:
H2 2025 Momentum Inflection: Order intake accelerated dramatically (USD 1.63B vs USD 540M in H1), signaling market recovery in line with improved GDP growth outlook
Massive Order Backlog Security: USD 22.83 billion orderbook extends visibility beyond 2030, protecting cash flows even if order intake slows
Green Energy Alignment: 71% of order backlog comprised of clean energy vessels (LNG, methanol dual-fuel), positioning YZJ as leader in decarbonization-driven demand
Margin Expansion: Gross margin improved 7.8 percentage points to 34.5% in H1 2025, demonstrating pricing power and operational leverage
Strong Profitability Growth: 37% net profit increase despite lower order intake shows execution excellence on existing backlog
Risk Factors:
Missing Annual Target: At USD 2.17B YTD vs USD 6B target, YZJ has secured only ~36% of annual goal&mdash would need USD 3.83B in final 1.5 months (extremely aggressive)
Competitive Pricing Pressure: Q3 earnings briefing revealed increasing competitive pressure from China' s second-tier shipyards offering more aggressive pricing, potentially squeezing margins going forward
Below 2024 Pace: USD 2.2B YTD in 2025 vs USD 11.64B in same period 2024 represents significant slowdown year-over-year, though H2 recovery is evident
Macro Uncertainties: As mentioned in H1 results, " geopolitical tensions and proposed U.S. port fees had dampened shipowners' short-term appetite," creating volatility in order flow
Investment Thesis Update
For Swing Trading (Using SGX Screener Criteria from Previous Answer):
YZJ currently fits the " pending to rally" profile due to:
Accelerating momentum (H2 2025 order intake 3x better than H1)
Strong order backlog provides earnings visibility and safety margin
Gross margin expansion demonstrates operating leverage
Clean energy positioning captures long-term global shipping decarbonization mega-trend
Valuation: 2026F P/E of 7.6x and EV/EBITDA of 3.8x appear attractive relative to earnings power
Key Monitoring Metrics:
Final month order intake (remaining to reach USD 6B target)
Q4 2025 vessel delivery performance against 56-vessel target
Container ship charter rates (Clarksons index tracking at post-COVID highs at 197-198 points, supporting demand)
Margin trends given competitive pricing pressure
The recent acceleration in order intake combined with the Singapore GDP upgrade to 4% strongly validates the thesis that trade-related beneficiaries like YZJ are positioned for sustained demand throughout 2026.
sfw2124 ( Date: 22-Nov-2025 17:43) Posted:
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Which Singapore stocks will be the beneficiaries of this better GDP figures? Name them and give reasons why? Singapore Stocks Positioned to Benefit from Improved 4% GDP Growth Forecast
Based on the upgraded 2025 GDP forecast from ~1.5-2.5% to around 4%, several sectors identified in Singapore' s economic growth are primary beneficiaries. Here are the key Singapore-listed stocks and sectors:
Sector 1: Shipping & Maritime Services (Strongest Beneficiary)
Key Drivers: The article specifically highlights trade-related sectors outperforming expectations, supported by resilience of global trade and Singapore' s trading partners. The Port of Singapore handles 20% of international shipping containers and facilitates approximately 25% of the world' s traded goods.
Primary Stock: Yangzijiang Shipbuilding
(SGX: YZJ)
Why YZJ is Positioned to Rally:
Strong Order Book: YZJ secured a record US$16.8 billion in orders year-to-date 2024, with US$920 million in 22 new vessel orders captured recently, bringing total 2025 orders to nearly US$1.5 billion.
Front-Loading & Trade Diversion: With the US-China trade truce extended to November 2026 and trade tensions de-escalating, companies are actively engaging in " front-loading" &mdash advance orders to stockpile goods before potential tariff increases. This creates sustained demand for container ships, bulk carriers, and specialized vessels that YZJ manufactures.
Limited Global Shipbuilding Capacity: YZJ has limited competition outside China in shipbuilding capacity, providing pricing power and contract security.
Profit Momentum: YZJ' s FY2023 net profit reached a record S$765.4 million (up 57%), demonstrating the company' s ability to convert strong order books into earnings.
Dividend Reliability: The company maintains strong cash generation with final dividends of 6.5 cents per share, indicating capital returned to shareholders even during volatile cycles.
Technical Setup: YZJ recently hit a six-month peak and has been the top-performing stock in the Straits Times Index (STI), propelling the index to an all-time high above 4,314 points in September 2025. This signals strong institutional accumulation. From' Perplexity AI
Based on the upgraded 2025 GDP forecast from ~1.5-2.5% to around 4%, several sectors identified in Singapore' s economic growth are primary beneficiaries. Here are the key Singapore-listed stocks and sectors:
Sector 1: Shipping & Maritime Services (Strongest Beneficiary)
Key Drivers: The article specifically highlights trade-related sectors outperforming expectations, supported by resilience of global trade and Singapore' s trading partners. The Port of Singapore handles 20% of international shipping containers and facilitates approximately 25% of the world' s traded goods.
Primary Stock: Yangzijiang Shipbuilding
(SGX: YZJ)
Why YZJ is Positioned to Rally:
Strong Order Book: YZJ secured a record US$16.8 billion in orders year-to-date 2024, with US$920 million in 22 new vessel orders captured recently, bringing total 2025 orders to nearly US$1.5 billion.
Front-Loading & Trade Diversion: With the US-China trade truce extended to November 2026 and trade tensions de-escalating, companies are actively engaging in " front-loading" &mdash advance orders to stockpile goods before potential tariff increases. This creates sustained demand for container ships, bulk carriers, and specialized vessels that YZJ manufactures.
Limited Global Shipbuilding Capacity: YZJ has limited competition outside China in shipbuilding capacity, providing pricing power and contract security.
Profit Momentum: YZJ' s FY2023 net profit reached a record S$765.4 million (up 57%), demonstrating the company' s ability to convert strong order books into earnings.
Dividend Reliability: The company maintains strong cash generation with final dividends of 6.5 cents per share, indicating capital returned to shareholders even during volatile cycles.
Technical Setup: YZJ recently hit a six-month peak and has been the top-performing stock in the Straits Times Index (STI), propelling the index to an all-time high above 4,314 points in September 2025. This signals strong institutional accumulation. From' Perplexity AI
sfw2124 ( Date: 22-Nov-2025 14:26) Posted:
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YZJ Shipbuilding: LNG Carrier Breakthrough &mdash What It Means
Yangzijiang Shipbuilding' s successful sea trial of the Xinfu 124 (175,000 cbm LNG carrier) on Nov 20, 2025 is a genuine milestone, but here' s what investors should actually understand:
The Achievement
YZJ has become the first Chinese private shipyard to successfully build an ultra-large LNG carrier &mdash previously an exclusive Korean/state-owned domain. The vessel uses advanced GTT Mark III Flex technology and meets the strictest environmental standards. This is technologically legitimate and breaks a decades-old monopoly.
Why It Matters Long-Term
Market Access: Opens a new, high-margin business segment (LNG carriers command premium pricing)
Pricing Power: YZJ' s cost advantage could undercut Korean yards by 15-25%, disrupting the market
Supply Gap: Global LNG demand is rising (Europe post-Russia, Asian growth) YZJ can capture this demand
Order Momentum: YZJ' s orderbook already at US$22.8B &mdash highest level in years LNG carriers will become material contributor
The Reality Check
This is NOT an immediate earnings driver. The Xinfu 124 is still in sea trials. Actual delivery is expected Q1-Q2 2026. Here' s what needs to happen:
> Delivery Success &mdash First-of-kind builds always have hidden issues. Successful delivery matters more than the sea trial.
> Resale Profitability &mdash YZJ built this vessel on speculative inventory (original customer defaulted in 2024). It must resell at acceptable margins &mdash no guarantee.
> Follow-on Orders &mdash The real prize is converting this into a pipeline of 5-10+ LNG carrier orders from new customers.
Until Q1-Q2 2026 delivery + order confirmations, this remains promising upside potential, not confirmed earnings.
Translation: This is a 3-5 year story, not a 3-month story. YZJ is building real competitive advantage, but patience is required for the market to fully value it.
This represents professional analysis of publicly available information as of Nov 22, 2025. Not financial advice DYODD
Yangzijiang Shipbuilding' s successful sea trial of the Xinfu 124 (175,000 cbm LNG carrier) on Nov 20, 2025 is a genuine milestone, but here' s what investors should actually understand:
The Achievement
YZJ has become the first Chinese private shipyard to successfully build an ultra-large LNG carrier &mdash previously an exclusive Korean/state-owned domain. The vessel uses advanced GTT Mark III Flex technology and meets the strictest environmental standards. This is technologically legitimate and breaks a decades-old monopoly.
Why It Matters Long-Term
Market Access: Opens a new, high-margin business segment (LNG carriers command premium pricing)
Pricing Power: YZJ' s cost advantage could undercut Korean yards by 15-25%, disrupting the market
Supply Gap: Global LNG demand is rising (Europe post-Russia, Asian growth) YZJ can capture this demand
Order Momentum: YZJ' s orderbook already at US$22.8B &mdash highest level in years LNG carriers will become material contributor
The Reality Check
This is NOT an immediate earnings driver. The Xinfu 124 is still in sea trials. Actual delivery is expected Q1-Q2 2026. Here' s what needs to happen:
> Delivery Success &mdash First-of-kind builds always have hidden issues. Successful delivery matters more than the sea trial.
> Resale Profitability &mdash YZJ built this vessel on speculative inventory (original customer defaulted in 2024). It must resell at acceptable margins &mdash no guarantee.
> Follow-on Orders &mdash The real prize is converting this into a pipeline of 5-10+ LNG carrier orders from new customers.
Until Q1-Q2 2026 delivery + order confirmations, this remains promising upside potential, not confirmed earnings.
Translation: This is a 3-5 year story, not a 3-month story. YZJ is building real competitive advantage, but patience is required for the market to fully value it.
This represents professional analysis of publicly available information as of Nov 22, 2025. Not financial advice DYODD
Heybie ( Date: 22-Nov-2025 11:50) Posted:
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https://cj.sina.com.cn/articles/view/5953466437/162dab04506709n0rg?froms=ggmp
https://www.zgsyb.com/
blesspeggy ( Date: 21-Nov-2025 12:03) Posted:
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Hahaha.
pkli899 ( Date: 21-Nov-2025 14:06) Posted:
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2021 News??
YZJ- TIP OF THE ICEBERG SHIP ORDER READY FOR COMPLETION 1 out of 15 Ships Ready to Complete and handed over
$YZJ Shipbldg SGD (BS6.SG)$
全 国 民 营 造 船 首 艘 超 大 型 17.5万 立 方 LNG运 输 船 顺 利 出 江 试 航
中 国 水 运 杂 志
2025年 11月 20日 17:08 听 全 文
11月 20日 ， 扬 子 江 船 业 集 团 17.5万 立 方 大 型 液 化 天 然 气 （ LNG） 运 输 船 ?鑫 福 124?轮 顺 利 完 成 出 江 试 航 作 业 ， 这 也 是 民 营 造 船 企 业 中 第 一 家 成 功 建 造 超 大 型 17.5万 立 方 LNG运 输 船 的 企 业 ， 标 志 着 我 国 民 营 造 船 企 业 在 攻 克 LNG运 输 船 这 一 ?造 船 工 业 皇 冠 上 的 明 珠 ?领 域 取 得 了 实 质 性 突 破 。
Yangzijiang Shipbuilding (YZJSB) 2025-2026 Outlook: Order Wins, Margin Expansion & Cheap Valuation vs Peers - Posted on November 19, 2025
Broker Name: CGS InternationalExcerpt from CGS International report.
Report Summary
- Yangzijiang Shipbuilding (YZJSB) faces increased competition from second-tier Chinese yards with expanded capacity and lower pricing, leading to slower order wins and a lowered order forecast for 2025F to US\$3bn.
- The company gross margins are expected to remain robust at 35% in FY25-26F due to low steel costs and efficient cost management, despite a decline in average selling prices for containerships.
- YZJSB maintains a strong order book of US\$22.8bn and is selective in bidding management is confident in margins with most steel and equipment costs locked in.
- The target price is raised to S\$4.51 (10x CY27F P/E), reflecting undemanding valuations (trading at a 50% discount to peers), with order wins as key catalysts and risks including order cancellations or steel price hikes.
- No major order cancellations were reported except for four oil tankers YZJSB may charter or sell these upon completion.
- Delays in US and IMO regulatory changes provide reprieve to Chinese shipbuilders and allow more flexibility for shipowners to focus on LNG-fuelled vessels.
- YZJSB is actively pursuing ESG improvements, with 74% of its order book comprising green vessels, and has resolved major arbitration cases with minimal impact on valuation.
- Financially, YZJSB projects steady revenue growth, high ROE, and growing net profit, with dividends expected to increase and maintain strong net cash positions.
- Compared to Chinese, Korean, Japanese, and Singaporean peers, YZJSB trades at significantly lower P/E multiples despite strong fundamentals and order book.