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Yangzijiang Shipbuilding (Holdings) ( (SG:BS6) ) has provided an update.
Yangzijiang Shipbuilding (Holdings) Ltd. announced the termination of contracts for four 50,000DWT MR oil tankers, valued at approximately US$180 million, due to the buyer’s involvement in a scheme to circumvent U.S. sanctions. Despite the termination, the company does not anticipate a significant impact on its net tangible assets or earnings per share for the financial year ending December 2025.
The most recent analyst rating on (SG:BS6) stock is a Buy with a S$3.55 price target. To see the full list of analyst forecasts on Yangzijiang Shipbuilding (Holdings) stock, see the SG:BS6 Stock Forecast page.
More about Yangzijiang Shipbuilding (Holdings)
Yangzijiang Shipbuilding (Holdings) Ltd., incorporated in Singapore, operates in the shipbuilding industry. The company, along with its subsidiaries, specializes in constructing a variety of vessels, including oil tankers, with a focus on meeting global maritime demands.
Average Trading Volume: 23,237,015
Technical Sentiment Signal: Buy
Current Market Cap: S$12.96B
For detailed information about BS6 stock, go to TipRanks’ Stock Analysis page.