Latest news with #Shipbuilding
Yahoo
21-05-2025
- Business
- Yahoo
Asian Market Stocks Trading Below Estimated Value
As the Asian markets respond positively to a temporary de-escalation in U.S.-China trade tensions, investors are closely watching for opportunities that may arise from this newfound stability. In such an environment, identifying stocks trading below their estimated value becomes crucial, as these can offer potential growth prospects amid shifting economic conditions. Name Current Price Fair Value (Est) Discount (Est) PixArt Imaging (TPEX:3227) NT$221.50 NT$440.53 49.7% Shenzhen KSTAR Science and Technology (SZSE:002518) CN¥22.82 CN¥44.97 49.3% Livero (TSE:9245) ¥1706.00 ¥3373.09 49.4% Shandong Sunway Chemical Group (SZSE:002469) CN¥9.24 CN¥18.47 50% H.U. Group Holdings (TSE:4544) ¥3018.00 ¥5975.82 49.5% Brangista (TSE:6176) ¥590.00 ¥1164.79 49.3% GEM (SZSE:002340) CN¥6.26 CN¥12.51 50% Medley (TSE:4480) ¥3080.00 ¥6156.79 50% Cosmax (KOSE:A192820) ₩204500.00 ₩404417.20 49.4% Wenzhou Yihua Connector (SZSE:002897) CN¥39.53 CN¥77.97 49.3% Click here to see the full list of 302 stocks from our Undervalued Asian Stocks Based On Cash Flows screener. Let's dive into some prime choices out of the screener. Overview: Sejin Heavy Industries Co., Ltd. is a South Korean company that manufactures and sells shipbuilding equipment, with a market cap of approximately ₩683.90 billion. Operations: The company generates revenue of ₩352.38 billion from its shipbuilding sector. Estimated Discount To Fair Value: 13.2% Sejin Heavy Industries is trading at ₩12,030, below its estimated fair value of ₩13,859.75. Despite a volatile share price and profit margins declining from 4.6% to 3.2%, earnings are forecast to grow significantly at 52.22% annually, outpacing the Korean market's 20.4%. However, debt coverage by operating cash flow remains inadequate and the dividend yield of 1.66% lacks sufficient backing from earnings or free cash flows. The analysis detailed in our Sejin Heavy Industries growth report hints at robust future financial performance. Navigate through the intricacies of Sejin Heavy Industries with our comprehensive financial health report here. Overview: Genscript Biotech Corporation is an investment holding company that manufactures and sells life science research products and services across the United States, Europe, Mainland China, Asia Pacific, and other international markets with a market cap of HK$23.73 billion. Operations: The company's revenue segments include Biologics Development Services at $95.02 million, Life Science Services and Products at $454.95 million, and Industrial Synthetic Biology Products at $53.69 million. Estimated Discount To Fair Value: 43.9% Genscript Biotech is currently trading at HK$10.94, significantly below its estimated fair value of HK$19.49, highlighting its undervaluation based on cash flows. The company reported a remarkable turnaround with net income of US$2.96 billion for 2024, compared to a loss the previous year. Forecasts indicate robust earnings growth of 65.8% annually over the next three years, surpassing market averages despite a modest revenue growth rate relative to higher benchmarks. Insights from our recent growth report point to a promising forecast for Genscript Biotech's business outlook. Click to explore a detailed breakdown of our findings in Genscript Biotech's balance sheet health report. Overview: Zhejiang Yinlun Machinery Co., Ltd. focuses on the research, development, manufacturing, and sale of thermal management and exhaust gas post-treatment products, with a market cap of CN¥22.93 billion. Operations: The company generates revenue from its operations in the research, development, manufacturing, and sale of thermal management and exhaust gas post-treatment products. Estimated Discount To Fair Value: 16.2% Zhejiang Yinlun Machinery is trading at CNY 27.67, below its estimated fair value of CNY 33.01, suggesting undervaluation based on cash flows. The company reported a net income increase to CNY 783.53 million for 2024 and continues to show earnings growth with a forecasted annual increase of 25.7%, outpacing the Chinese market average. Recent initiatives include a share buyback program worth up to CNY 100 million and an approved cash dividend, enhancing shareholder value. Our expertly prepared growth report on Zhejiang Yinlun MachineryLtd implies its future financial outlook may be stronger than recent results. Get an in-depth perspective on Zhejiang Yinlun MachineryLtd's balance sheet by reading our health report here. Gain an insight into the universe of 302 Undervalued Asian Stocks Based On Cash Flows by clicking here. Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools. Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include KOSE:A075580 SEHK:1548 and SZSE:002126. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
India Today
05-05-2025
- Business
- India Today
How Maharashtra eyes a pie of global ship-breaking hub Alang's business
Maharashtra has become the first Indian state to approve a policy for shipbuilding and recycling. The cabinet approved the Shipbuilding, Ship Repair and Ship Recycling Policy, 2025 on April 29.A robust shipbuilding and repair industry has economic as well as strategic considerations for Maharashtra, which has a 720-km-long coastline spread over the districts of Palghar, Thane, Mumbai city and suburbs, Raigad, Ratnagiri and Rane, minister for ports and fisheries, said the policy aimed to attract investments to the tune of Rs 6,600 crore and create 40,000 jobs in the sector by 2030. 'By 2047, we are targeting an investment of Rs 18,000 crore and 330,000 jobs. We have formulated the policy accordingly,' he informed. The government also aims to provide skill development training to youth to help them get employment in the policy is also expected to generate revenue for the Maharashtra Maritime Board. The board will create infrastructure such as roads and capital subsidies for these projects. Rane said that while Alang in Gujarat has been the hub for ship-breaking activities, the Mahayuti government wanted to attract the business to Maharashtra and ensure that the state accounted for around a third of the ships broken down and recycled in the is the world's largest ship-breaking cluster. The global shipbuilding market is estimated at $70 billion (Rs 5.9 lakh crore), primarily dominated by China, South Korea and Japan. China's share of the shipbuilding business is 50 per cent, followed by South Korea (28 per cent) and Japan (15 per cent). India holds just 1 per cent of the global ship-repair market is worth $12 billion (Rs 1.01 lakh crore), and dominated by China, Singapore, Bahrain and Dubai. Globally, India ranks second in ship-recycling, but is facing rising potential competition from Bangladesh and Pakistan on account of higher yields and limited regulatory compliances. India is among the top five countries supplying trained manpower for the maritime India is one of the market leaders in ship-recycling, ship repair is a very nascent market in itself. Maharashtra's policy is in line with the Union government's Maritime India Vision 2030 and Maritime Amrit Kaal Vision to India Today Magazine
Hindustan Times
30-04-2025
- Business
- Hindustan Times
Cabinet boost for ship building industry
MUMBAI: The state government on Tuesday approved a policy for ship building and constructing a ship breaking yard in the state, which will be called 'Shipbuilding, Ship Repair and Ship Recycling Policy 2025'. The state's sole ship breaking yard at Darukhana, in Mumbai, was closed between 2015-16, as it was contributing to pollution. Speaking at a press conference in Mantralaya, ports minister Nitesh Rane said, 'The policy aims to transform Maharashtra into a major hub for shipbuilding and ancillary industries.' To spearhead the policy, prime Minister Narendra Modi has sanctioned ₹25,000 crore as maritime development fund. Chief minister Devendra Fadnavis said, 'Each ship building yard can employ 50,000 to 60,000 persons and ship breaking yard 10,000 to 15,000 persons.' According to a Central government report, which is referenced in the fine print of the policy, China contributes 50% to global shipbuilding, Japan 15%, South Korea 28% — together making up over 93% of the global output. India's share is less than 1%, putting it on 21st position globally in shipbuilding; in ship repair India 20th, but in ship recycling, it holds the second position worldwide, with 32.6% share. To improve this, the central government's Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047 aims to being the country in the top 10 slots. The state policy is based on Central government's blueprint. India had two major ship breaking yards on the western coast: Darukhana in Mumbai (almost closed) and Alang in Gujarat. 'Despite great potential, the sector faces significant challenges, including, low labour productivity, lack of ancillary industries, and a major shortage of capital. Ship repair faces similar issues: like competition from foreign shipyards, limited capacities in Indian companies, and lack of advanced technologies,' said an official. Sources said that setting up of such facilities will also include seeking permissions under Maharashtra Coastal Zone Management Authority, for 'ports and waterfronts to be optimally utilized', said an official.
Indian Express
29-04-2025
- Business
- Indian Express
Maharashtra becomes first state to introduce dedicated policy on ship building, repair and recycling
In a move to boost the maritime sector, the Maharashtra state cabinet on Tuesday approved the Shipbuilding, Ship Repair and Ship Recycling Policy, 2025, with a targeted investment of Rs 6,600 crore by 2030. Minister for Fisheries and Ports Nitesh Rane said that Maharashtra has become the first state in the country to introduce a dedicated, independent policy in this domain. 'The goal is to make Maharashtra a hub for shipbuilding, repair, and recycling. The policy aims to create a supportive ecosystem, develop skilled manpower, and promote advanced technology through R&D investment. By 2030, Maharashtra aims to contribute at least one-third of India's shipbuilding targets,' said Rane. Under the policy, the state aims at an investment of Rs 6,600 crore and 40,000 jobs by 2030 and Rs 18,000 crore investment and 330,000 jobs by 2047. Under the policy, planning-led development of shipbuilding and recycling, establishment of marine shipyard clusters, identification of suitable land, development of single shipyards and recycling facilities, supportive infrastructure (roads, power, water), transparent land allocation through the Maharashtra Maritime Board is planned. It offers capital subsidy of 15% of project cost, up to 1 crore for skill development per project, up to 25 crore for R&D support. The government will assist in obtaining permits and approvals and offer land at concessional rates or long-term leases (30 years with renewal provisions). The minister said that at present, China contributes 50 per cent to global shipbuilding, while Japan and South Korea contribute 15 and 28 per cent respectively. India's share is around 1 per cent and it ranks 21st globally in shipbuilding while in ship repair, it ranks 20th. India, however, ranks second worldwide in ship recycling with share of 32.6 per cent. 'Ports and waterfronts will be optimally utilized. New Indian ships will be built and repaired within the state, increasing India's contribution to maritime trade, saving foreign exchange, and enabling recycling of decommissioned ships. The recovered steel and materials will also be reused. Financial incentives will encourage private and foreign investors to enter the sector. Skill development initiatives via educational institutions will ensure a pipeline of qualified manpower. Most importantly, the policy expresses confidence that Maharashtra will emerge as a leading state in shipbuilding and the broader maritime industry in the near future,' Rane said.
