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Business Times
23-05-2025
- Business
- Business Times
Stocks to watch: Yangzijiang Shipbuilding, Metro
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 23). Yangzijiang Shipbuilding : The marine vessel manufacturer reported that its year-to-date order wins for the first quarter of 2025 amounted to six vessels worth US$300 million. This was around 5 per cent of its US$6 billion target for the 2025 financial year, it said in a business update on Thursday. In the same period the year before, it won orders for 38 vessels worth US$3.3 billion, or 74 per cent of its target. Yangzijiang Shipbuilding's total order wins for FY2024 stood at 126, with a value of US$14.6 billion – the highest since its listing in 2022. Ren Letian, the shipbuilder's executive chairman and chief executive, said that US policies and global tariff actions prompted customers to adopt a wait-and-see approach, pushing back their decisions to order ships. Shares of Yangzijiang Shipbuilding closed 0.5 per cent or S$0.01 higher at S$2.14, before the update. Metro : The mainboard-listed property investment and development group sank into the red for its second half ended March with a net loss of S$228.1 million, against a net profit of S$6.4 million in the previous corresponding period. This translated to a loss per share of S$0.276, versus an earnings per share of S$0.008, the group said on Friday. The counter ended Thursday 1.2 per cent or S$0.005 higher at S$0.415.
Business Times
22-05-2025
- Business
- Business Times
Yangzijiang Shipbuilding order wins dip to US$0.3 billion
[SINGAPORE] Marine vessel manufacturer Yangzijiang Shipbuilding reported that its year-to-date order wins for the first quarter of 2025 amount to six vessels worth US$300 million. This is around 5 per cent of its US$6 billion target for the 2025 financial year, it said in a quarterly business update on Thursday (May 22). In the same period last year, its won orders for 38 vessels worth US$3.3 billion, or 74 per cent of its target. Yangzijiang Shipbuilding's total order wins were 126 for FY2024, valued at US$14.6 billion, the highest since its listing in 2022. Ren Letian, the shipbuilder's executive chairman and chief executive officer, said that US policies and global tariff actions prompted customers to adopt a wait-and-see approach, pushing back their decisions to order ships. The shipmaker emphasised its continuing progress with vessel deliveries, saying that there have been no order delays nor cancellations to date. It has delivered 38 per cent of its target so far, or 21 out of a targeted 56 vessels for the financial year, and is on track to achieve its FY2025 delivery target. 'Backed by a robust outstanding orderbook that provides revenue visibility up to 2028, the group is... taking a prudent approach and... closely monitoring the market trends,' added Ren. Yangzijiang Shipbuilding has 230 vessels on its order book with a total contract value of US$23.2 billion, and a delivery time frame between 2025 and 2030. The majority of these vessels (100) are container ships. Shares of Yangzijiang Shipbuilding closed 0.5 per cent or S$0.01 higher at S$2.14, before the update.
