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.
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.