Yangzijiang stock: DBS raises target to SGD 6.60

Published on 11/06/2026 at 20:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Yangzijiang stock draws support from strong order visibility and margin prospects. DBS expects 2026 order wins to top its previous target.

Order visibility supports longer growth

DBS expects Yangzijiang's 2026 order wins to exceed its previous target.
The shipbuilder's orderbook provides delivery visibility through 2029, with new orders reaching 2030 slots.
Higher-priced contracts and possible yard expansion could extend earnings growth beyond 2029.

Yangzijiang, SG1U76934819, Illustration mit AI erstellt.

DBS Research raised its target for Yangzijiang Shipbuilding from SGD 5.60 to SGD 6.60 in a report published October 15, while reiterating a Buy rating. The research house linked its view to stronger order momentum, higher-priced contracts and a longer earnings runway.

Yangzijiang stock traded at 3.06 euros on Lang & Schwarz at 20:13 CET on Friday, November 6, 2026. Investors can follow the real-time quote of Yangzijiang stock.

Order momentum remains the central driver

DBS said management expects 2026 order wins to exceed the previous USD 4.5 billion target. The existing USD 22.4 billion orderbook keeps the yards busy through 2029, while new orders are being placed into 2030 delivery slots.

The report also highlighted a possible revival of the Runze yard expansion. DBS estimates that the project could add more than 30 percent to capacity over time, although the expansion remains a management option rather than a completed investment.

Margins and capacity shape valuation

Higher-priced contracts could support further margin gains after shipbuilding gross margin reached 37.1 percent in the first half of 2026, according to DBS. Containerships remain the most attractive margin segment in the research house's assessment, while demand for greener dual-fuel vessels supports the broader order cycle.

DBS based its revised target on a higher valuation multiple of 3.0 times projected fiscal 2027 book value, compared with 2.6 times previously. The note also cited projected return on equity of 25 to 30 percent and a dividend yield above 6 percent as support for the re-rating.