JPMorgan raises target for Yangzijiang stock from SGD 4.50 to SGD 5.80

Yangzijiang Shipbuilding (ISIN SG1U76934819) has a JPMorgan target of SGD 5.80, up from SGD 4.50 in a September 8, 2026 update. According to Investing.com, the target change was listed alongside a Buy rating. For investors, the central question is whether the latest profit growth can support the higher valuation.

First-half profit sets the tone

Yangzijiang reported RMB 17.53 billion of revenue in the first half of 2026, an increase of 36.20 percent from the same period a year earlier. Net profit rose 28.40 percent year over year to RMB 5.40 billion, while shipbuilding margin reached 37.10 percent, according to Quartr in its September 10, 2026 summary.

The comparison matters because profit growth trailed revenue growth by 7.80 percentage points. That gap places greater weight on vessel mix and execution rather than headline volume alone.

Order book reaches USD 22.40 billion

The company ended June 2026 with an order book worth USD 22.40 billion across 256 vessels, providing delivery visibility into 2029 and beyond. Yangzijiang delivered 27 vessels in the first half against a fiscal 2026 target of 58 vessels, according to Quartr.

The Business Times reported on October 4, 2026 that Yangzijiang delivered a 32.20 percent return on equity and a 54.50 percent year-to-date total return. The figures reinforce the contrast between strong operating momentum and the need to convert contracted work into completed vessels.

European prior close stays visible

Yangzijiang's prior close at Lang and Schwarz was EUR 3.53 on October 5, 2026. On the Singapore Exchange, the stock was at SGD 5.07 on October 6, 2026, against a 52-week range of SGD 3.14 to SGD 5.41 and a market capitalization of SGD 20.0 billion.

The further course of trading is shown by the continuously updated real-time quote of Yangzijiang stock.

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