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Yangzijiang soars 6.7% on contract wins; analysts reiterate 'buy'

Published Wed, Feb 10, 2021 · 05:50 AM
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Singapore

SHARES in Yangzijiang Shipbuilding (Holdings) rallied on Tuesday, with analysts upbeat on the counter, after the Chinese shipbuilder said it had recently bagged new orders worth some US$1.3 billion.

In an exchange filing on Monday night, Yangzijiang said it had secured agreements to build and deliver 29 vessels, including 22 container ships.

Following the news, the …

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