YZJ Shipbldg SGD    Last:3.54    +0.08

The Only Shipbuilding Blue Chip in SGX!

Yangzijiang Shipbuilding (BS6) 3Q2025 Analysis: Stock Analyst & Fund Manager Evaluation

Executive Summary & Investment Thesis

Rating: BUY  |  Analyst Consensus Target: S$3.80-3.90  |  Current Price: S$3.42-3.45  |  Upside: 11-14%

Yangzijiang Shipbuilding emerges as a  compelling value opportunity  in the global shipbuilding sector, trading at a significant discount to historical and peer valuations despite delivering record profitability. The company demonstrates exceptional operational execution, robust financial fundamentals, and exceptional shareholder returns that merit serious consideration from both value and growth-oriented investors. The 47.7% Q3 2025 returns significantly outperformed regional peers, reflecting market recognition of improving business momentum and industry dynamics.​

---

Financial Performance Evaluation

1H2025 Results: Strong Profitability Foundation

Key Driver Analysis:  The margin expansion to 34.5% represents  exceptional operational leverage, driven by three factors:​

• 
  
  Lower steel costs  providing structural margin benefits
• 
  
  Favorable contract pricing  from orders secured during 2021-2024 commodity boom
• 
  
  Clean-energy vessel mix  (LNG dual-fuel, containerships) commanding 15-20% price premiums over conventional tankers

The gross profit jump of 27.6% while revenue declined slightly illustrates the company' s  pricing power and product mix discipline. Management successfully transitioned toward higher-margin, technologically-sophisticated vessels. DYODD

blesspeggy      ( Date: 17-Nov-2025 20:14) Posted: YZJ Q3 BUSINESS UPDATES AS AT 17/11-ORDERS WON AND SHIP BUILDING COMPLETION $YZJ Shipbldg SGD (BS6.SG)$ YTD: 50 Ships order won worth 2.17B. Continues to fill the orders for medium and small ships in 4Q'25. YTD: 46 vs. 56 Ships Completed. 7 ships are  under sailing testing. 3 will be tested and handed over in Dec'25.

 

YZJ Q3 BUSINESS UPDATES AS AT 17/11-ORDERS WON AND SHIP BUILDING COMPLETION $YZJ Shipbldg SGD (BS6.SG)$ YTD: 50 Ships order won worth 2.17B. Continues to fill the orders for medium and small ships in 4Q'25. YTD: 46 vs. 56 Ships Completed. 7 ships are  under sailing testing. 3 will be tested and handed over in Dec'25.

 

Hoots!!!!

s100125      ( Date: 17-Nov-2025 19:30) Posted: Business update out https://www.theedgesingapore.com/capital/results/yangzijiang-shipbuilding-reports-order-wins-us217-bil-9mfy2025-four-times-more

 

Business update out

https://www.theedgesingapore.com/capital/results/yangzijiang-shipbuilding-reports-order-wins-us217-bil-9mfy2025-four-times-more

 

https://links.sgx.com/FileOpen/YZJSH_3Q2025%20Results%20Presentation_final.ashx?App=Announcement&FileID=867284

 

Total order amount for 4x Bulk Carriers is US$200M

 

++++++

Bulgarian shipowner Navibulgar has returned to Yangzijiang Shipbuilding for another round of bulk carrier newbuildings, contracting four geared vessels for delivery between 2028 and 2029.

Shipbuilding sources place the 71,000 dwt units at around $33.3m each, marking the company&rsquo s largest newbuilding commitment to date. The first three ships are expected to be delivered in 2028, followed by one more the following year.


can one imagine size of order ???

blesspeggy      ( Date: 14-Nov-2025 21:01) Posted: YZJ SHIP BUILDING COMPLETION AS AT 14/11 $YZJ Shipbldg SGD (BS6.SG)$ YTD: 43 vs. 56 Ships Completed. 7 ships are under sailing testing. 生 产 速 递 】 扬 子 三 井 为 新 加 坡 船 东 建 造 的 50000DWT MR油 轮 ?JAL KAVERI?交 付 扬 子 江 船 业 2025年 11月 14日 20:10 听 全 文

 

YZJ SHIP BUILDING COMPLETION AS AT 14/11 $YZJ Shipbldg SGD (BS6.SG)$ YTD: 43 vs. 56 Ships Completed. 7 ships are under sailing testing. 生 产 速 递 】 扬 子 三 井 为 新 加 坡 船 东 建 造 的 50000DWT MR油 轮 ?JAL KAVERI?交 付 扬 子 江 船 业 2025年 11月 14日 20:10 听 全 文

 

Earning update should be these few days, hold tight.

 

Of course good result is coming up
one can see stock already going up and up 
tomorrow gap open 3.55 and later move to 3.8 within this month
target 4 by December 
DYODD

1362945      ( Date: 13-Nov-2025 10:15) Posted: The volume is creeping up already. It should be today or tomorrow evening announcement since they did not issue a delay notice.

 

The volume is creeping up already.
It should be today or tomorrow evening announcement since they did not issue a delay notice. 

 

Or they could be confirming more orders in the coming days and want to have them reflected in the report. Best case scenario...lol

 

Just guessing, but maybe results release next week in conjunction with spin off of yzj maritime??? Dyodd

 

Don't know good or bad

1362945      ( Date: 12-Nov-2025 19:55) Posted: Hmm a very late Q3 announcement... still waiting, also no time extension notice...

 

Hmm a very late Q3 announcement... still waiting, also no time extension notice...

 

US$200M for 4x 71,0000dwt Bulk Carriers.

 

Hmmm...
Q3 results announcement pending and Navibulgar 4 x geared 71,000 dwt bulk carriers order, wonder what size in USD is this order, if considering that Navibulgar is a long-time client and wants to have the higher specs.

 

YZJ NEW ORDERS WON AS AT 11/11 For 4X71kdwt Bulk from Navi bulgar $YZJ Shipbldg SGD (BS6.SG)$ Navibulgar breaks into the ultramax bulker segment with newbuildings Bulgarian shipping company has ordered ?super-size? vessels Irene Ang TradeWinds correspondentSingapore Navibulgar has returned to Yangzijiang Shipbuilding to further expand its fleet. The company, which specialises in handysize vessels, has placed an order with the Singapore-listed shipbuilder for four geared 71,000-dwt bulk carriers, scheduled for delivery between 2028 and 2029.

 

Nice

pkli899      ( Date: 11-Nov-2025 14:55) Posted: No results news but got new contract. Navibulgar breaks into the ultramax bulker segment with newbuildings Bulgarian state-owned shipping company has ordered four geared 71,000-dwt &ldquo super-size" ultramax bulk carriers with YZJ. To be delivered between 2028 to 2029.

 

No results news but got new contract.

Navibulgar breaks into the ultramax bulker segment with newbuildings

Bulgarian state-owned shipping company has ordered four geared 71,000-dwt &ldquo super-size" ultramax bulk carriers with YZJ.
To be delivered between 2028 to 2029.