DBS backs Yangzijiang despite sell-off
Analyst from the Singaporean bank says the shipbuilder's expected surge in order uptake will be crucial to boost investors’ confidence. The bank mains its buy position for the shipbuilder’s shares, with a target price of S$1.82, while the stock closed at S$0.86 on Thursday
DBS analyst Pei Hwa Ho argues Yangzijiang’s share plunge appears ‘overdone’, considering the company’s solid fundamentals
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