YANGZIJIANG: DBS adds stock to growth and blue-chip categories

Stock Price

AEM Holdings (AWX) 2.370 0.030 (1.28%) Best World (CGN) 2.460 0.000 (0.00%) Boustead Singapore (F9D) 0.945 -0.015 (-1.56%) Broadway Ind (B69) 0.133 0.000 (0.00%) China Aviation Oil (S) (G92) 0.920 -0.005 (-0.54%) China Sunsine (QES) 0.420 0.005 (1.20%) ComfortDelGro (C52) 1.480 0.000 (0.00%) Delfi Limited (P34) 0.895 0.000 (0.00%) Food Empire (F03) 1.260 0.000 (0.00%) Fortress Minerals (OAJ) 0.300 -0.005 (-1.64%) Geo Energy Res (RE4) 0.305 -0.005 (-1.61%) Hong Leong Finance (S41) 2.500 0.000 (0.00%) Hongkong Land (USD) (H78) 3.140 0.020 (0.64%) InnoTek (M14) 0.550 0.030 (5.77%) ISDN Holdings (I07) 0.305 -0.005 (-1.61%) ISOTeam (5WF) 0.044 0.001 (2.33%) IX Biopharma (42C) 0.042 0.001 (2.44%) KSH Holdings (ER0) 0.250 0.000 (0.00%) Leader Env (LS9) 0.047 -0.004 (-7.84%) Ley Choon (Q0X) 0.045 0.000 (0.00%) Marco Polo Marine (5LY) 0.067 0.000 (0.00%) Mermaid Maritime (DU4) 0.139 -0.001 (-0.71%) Nordic Group (MR7) 0.305 -0.005 (-1.61%) Oxley Holdings (5UX) 0.088 -0.001 (-1.12%) REX International (5WH) 0.133 -0.003 (-2.21%) Riverstone (AP4) 0.795 -0.020 (-2.45%) Southern Alliance Mining (QNS) 0.430 0.000 (0.00%) Straco Corp. (S85) 0.485 -0.025 (-4.90%) Sunpower Group (5GD) 0.210 0.005 (2.44%) The Trendlines (42T) 0.067 0.000 (0.00%) Totm Technologies (42F) 0.022 0.000 (0.00%) Uni-Asia Group (CHJ) 0.820 -0.005 (-0.61%) Wilmar Intl (F34) 3.470 -0.030 (-0.86%) Yangzijiang Shipbldg (BS6) 1.740 -0.010 (-0.57%)

Details: 01 October 2019

Excerpts from DBS Group Research

Our stock picks aim to help investors build a portfolio of Singapore stocks, based on their risk profiles. Stock picks are based on sectoral, fundamental, and technical analysis.

Add Yangzijiang 13,800 at S$0.96 to Growth and Blue Chips categories
YZJ yard
We add the stock considering its recent strong order wins and ahead of the upcoming 3Q results season.

"We note that after a 4-week lull, the company conducted its latest share buy-back exercise yesterday with 1m shares purchased at $0.965, which should help to support the stock price."

-- DBS Group Research

YZJ has signed new contracts worth USD395m in 3Q2019, a trend that can continue in 4Q.

The stock’s recent oversold rebound has since retreated to an attractive level.

The stock is currently valued at just 0.6x P/B, representing 25%/65% discount to its global and Chinese peers.

It is also trading at net cash value of $0.95/share.

Full report here.

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NextInsight.net

Counter Name	Last	Change
AEM Holdings	2.370	0.030
Best World	2.460	-
Boustead Singapore	0.945	-0.015
Broadway Ind	0.133	-
China Aviation Oil (S)	0.920	-0.005
China Sunsine	0.420	0.005
ComfortDelGro	1.480	-
Delfi Limited	0.895	-
Food Empire	1.260	-
Fortress Minerals	0.300	-0.005
Geo Energy Res	0.305	-0.005
Hong Leong Finance	2.500	-
Hongkong Land (USD)	3.140	0.020
InnoTek	0.550	0.030
ISDN Holdings	0.305	-0.005
ISOTeam	0.044	0.001
IX Biopharma	0.042	0.001
KSH Holdings	0.250	-
Leader Env	0.047	-0.004
Ley Choon	0.045	-
Marco Polo Marine	0.067	-
Mermaid Maritime	0.139	-0.001
Nordic Group	0.305	-0.005
Oxley Holdings	0.088	-0.001
REX International	0.133	-0.003
Riverstone	0.795	-0.020
Southern Alliance Mining	0.430	-
Straco Corp.	0.485	-0.025
Sunpower Group	0.210	0.005
The Trendlines	0.067	-
Totm Technologies	0.022	-
Uni-Asia Group	0.820	-0.005
Wilmar Intl	3.470	-0.030
Yangzijiang Shipbldg	1.740	-0.010