What’s ahead for Yangzijiang Shipbuilding LNG orders?
LNG vessels orders will be key catalysts for Yangzijiang Shipbuilding.
Some LNG orders of Yangzijiang Shipbuilding could become catalysts for the SGX-listed stock, capital markets firm, CGS-CIMB, said.
Latest report showed that the firm is in negotiation for LNG carriers, following its recent announcement that it obtained a licence from Gaztransport & Technigaz (GTT), which allows it to construct LNG vessels using GTT Mark III membrane technologies.
The licence allows the firm to construct large LNG carriers including CBM vessels.
READ MORE: Yangzijiang Shipbuilding's gross profit jumps 64% YoY to RMB1.4b in H1
The capital markets firm said securing the orders may narrow Yangzijiang’s discount to Korean peers.
Target price assigned for Yangzijiang was $1.63, said CGS-CIMB.