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SITC orders feeder container ships
worth $137m at Yangzijiang Shipbuilding
The six 1,100-teu newbuildings were option vessels that the company held at shipyard
Intra-Asia liner specialist SITC International Holding has lifted its growing orderbook with six 1,100-teu container ship newbuildings.
The Hong Kong-listed company said it has contracted Yangzijiang to build the series of feeder vessels to be delivered between March and August 2028.
pkli899 ( Date: 27-Mar-2026 16:13) Posted:
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Yangzijiang Shipbuilding (2026) Analysis:
Earnings Outlook, Margins, and Investment Risks Explained
Posted on March 27, 2026
Excerpt from Maybank Research Pte Ltd report.
- Maybank initiates coverage on Yangzijiang Shipbuilding with a HOLD rating and a DCF-based target price of SGD 4.15, citing that the shipbuilding cycle and margins are past peak levels.
- Yangzijiang is supported by a strong balance sheet and a robust orderbook (~USD22.4b), ensuring medium-term revenue visibility but with earnings CAGR moderating to 5% for FY25&ndash 28.
- Gross margins have risen sharply (from 14% in FY21 to 34% in FY25), but are expected to normalize to around 29% by FY28 as pricing softens and competition rises.
- Order momentum is slowing, with new shipbuilding orders forecast to decline further in 2026 due to high orderbook levels, softer demand, and FX headwinds from a stronger RMB.
- While the dividend yield is attractive (5&ndash 6%) and supported by a 50% payout, further upside is limited due to capital needs for investments and capex.
- Risks include faster margin normalization, weaker demand, and FX fluctuations upside risks are stable steel prices, stronger execution, and order reallocation from weaker yards.
- Maybank prefers Seatrium and Marco Polo Marine for better upside due to their offshore order exposure and margin recovery potential.
Is exercise option la.....USD137m.
YZJ NEW ORDER WON AS AT 27/3 6X1,100TEU WORTH US$130M FROM SITC
$YZJ Shipbldg SGD (BS6.SG)$
3月 27日 ， 海 丰 国 际 控 股 有 限 公 司 （ 以 下 简 称 ?海 丰 国 际 ?） 发 布 《 须 予 披 露 交 易 建 造 集 装 箱 船 舶 》 的 公 告 ， 其 全 资 附 属 公 司 海 丰 船 东 有 限 公 司 将 行 使 与 造 船 商 所 订 立 造 船 期 权 合 约 项 下 建 造 另 外 六 艘 船 舶 的 期 权 ， 总 代 价 为 1.37亿 美 元 （ 约 合 人 民 币 9.5亿 元 ） 。
Let's see if it can close gap at 3.98.....
finally break 4.03. Now 4.09.... heading to 4.15 very soon. Maybe today.........
403 done...nice...more upside...
kt3152 ( Date: 17-Mar-2026 09:25) Posted:
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💰 1. Strong profitability and margins
📦 2. Huge orderbook = strong future earnings visibility
🚢 4. Benefiting from industry tailwinds
🌱 5. Exposure to green shipping trend
🌍 6. Strong global customer base
📈 7. Attractive valuation (historically)
⚙ ️ 8. Operational track record
- YZJ consistently delivers high profit margins (30%+ gross margin in some periods).
- Net profit has been growing strongly (e.g. +30% YoY in FY2025).
- Efficient cost control (like lower steel costs + better pricing) boosts margins further.
📦 2. Huge orderbook = strong future earnings visibility
- Orderbook of ~US$20B+ extending to 2028 - 2029.
- New orders keep coming in, including record wins in recent years.
- 👉 This is a big deal: shipbuilders live or die by backlog, and YZJ is very solid.
- Holds massive net cash (billions of RMB) and low gearing.
- Financial strength allows:
- Expansion
- Dividend payments
- Downside protection in downturns
🚢 4. Benefiting from industry tailwinds
- Global demand for ships is rising due to:
- Fleet replacement
- High freight rates
- Supply constraints
- Orders for new ships grew significantly into 2026.
🌱 5. Exposure to green shipping trend
- Large portion of orders are eco-friendly / dual-fuel vessels (~70%+).
- Investing in energy-efficient ship designs and ESG initiatives.
🌍 6. Strong global customer base
- Serves major international shipping companies (e.g. large container operators).
- Diversified across regions (Asia, Europe, North America).
📈 7. Attractive valuation (historically)
- Trades at relatively low P/E vs growth and ROE (~20 - 25% ROE).
- Often seen as undervalued vs peers in Korea/Japan.
⚙ ️ 8. Operational track record
- Consistently delivers ships on time and at scale (dozens per year).
- Known for efficient execution and cost control.
- 👉 Reliability matters a lot in shipbuilding and YZJ has it.
been waiting so long for it to chiong.... hopefully can see 4.15 today
Need to clear 400 convincingly then will chiong up....
melody88 ( Date: 18-Mar-2026 09:08) Posted:
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case dropped. time to chiong.... here comes the 4 series
UK High Court rejects appeal on US$832.2 million case against Yangzijiang Shipbuilding units
The court also refuses the claimants&rsquo application for permission to appeal further
[SINGAPORE] An appeal by claimants seeking US$832.2 million from three wholly owned subsidiaries of Yangzijiang Shipbuilding : BS6 -1.26% (YZJ) has been dismissed by the United Kingdom&rsquo s High Court.
In a bourse filing on Monday (Mar 16), the mainboard-listed shipbuilder said the court not only dismissed the appeal, but also refused the claimants&rsquo application for permission to appeal further.
The claimants were not named, but the group noted that &ldquo certain entities&rdquo had originally brought the case against three YZJ units &ndash Jiangsu Tianchen Marine Import & Export, Jiangsu Yangzi Xinfu Shipbuilding, and Jiangsu New Yangzi Shipbuilding &ndash in 2022.
It involved the alleged breach of contract on 10 shipbuilding agreements with a combined value of around US$900 million, and claims of US$832.2 million on loss of bargain and loss of profits.
In March 2025, the group announced that an arbitration tribunal in London did not uphold the claims against its subsidiaries.
In June the same year, the group said the High Court had granted the claimants leave to appeal, although it is unclear when the subsequent appeal itself took place.
UK High Court rejects appeal on $1.06 billion case against Yangzijiang Shipbuilding units
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The claims, brought in 2022, relate to shipbuilding contracts for 10 vessels totalling US$900 million.
PHOTO: YANGZIJIANG SHIPBUILDING
Yes. Should go above 400. Let those people take profit first.....
ysh2006 ( Date: 17-Mar-2026 08:42) Posted:
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No court case $4.50 on the way loh......?
Winnertakeall ( Date: 17-Mar-2026 07:42) Posted:
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UK High Court rejects appeal on US$832.2 million
case against Yangzijiang Shipbuilding units
https://www.businesstimes.com.sg/companies-markets/uk-high-court-rejects-appeal-us832-2-million-case-against-yangzijiang-shipbuilding-units
SGX announcement: The Company wishes to update shareholders that the English High Court has dismissed the appeal. The
English High Court also refused the Claimants? application for permission to appeal further. Accordingly,
the Arbitration Awards are upheld.
From AI: The London court verdict has effectively cleared the final major legal hurdle for Yangzijiang Shipbuilding (YZJ), and the market response has been overwhelmingly positive.
By dismissing US$832.2 million in claims and upholding only a US$3.32 million refund, the tribunal removed a significant "valuation overhang."
Let's see how it goes tomorrow......
Stock cannot always go up in straight line wave up and wave down, perhaps should find good support at $3.70 to $3.75 if it continues moving down
3.70 to 3.75 is the confluence of previous resistance at 3.75, 38.2% fib retracement and 50 MA.
Just my technical views - For reference only.
3.70 to 3.75 is the confluence of previous resistance at 3.75, 38.2% fib retracement and 50 MA.
Just my technical views - For reference only.
melody88 ( Date: 16-Mar-2026 15:06) Posted:
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