OCBC sets SGD 6.10 target for Yangzijiang stock

Published on 10/13/2026 at 03:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

OCBC set a SGD 6.10 target with Buy on October 9, 2026. For Yangzijiang stock, revenue reached RMB 17.5 billion and orders USD 22.4 billion.

Key points in brief

OCBC initiated coverage on October 9, 2026, with a SGD 6.10 target and a Buy rating for Yangzijiang Shipbuilding.
First-half 2026 revenue reached RMB 17.5 billion, up 36.20 percent year over year, while net profit rose 28.40 percent.
The order book stood at USD 22.4 billion across 256 vessels, extending stated earnings visibility into 2030.

Yangzijiang, SG1U76934819, Illustration mit AI erstellt.

Yangzijiang Shipbuilding stock (ISIN SG1U76934819) received a SGD 6.10 target and a Buy rating from OCBC on October 9, 2026, in the latest analyst coverage. The target puts the broker's view alongside first-half operating figures that point to stronger earnings power, but the rating remains dependent on new orders and shipbuilding margins.

Three milestones shape the case

On June 30, 2026, Yangzijiang reported first-half revenue of RMB 17.5 billion, up 36.20 percent year over year, while net profit increased 28.40 percent to RMB 5.4 billion, according to The Business Times.

On October 7, 2026, Yangzijiang Shipbuilding was linked to contracts for 10 large tri-fuel vessels, with the reported potential program value exceeding USD 1.0 billion, as iMarine reported.

On October 9, 2026, OCBC initiated coverage with a Buy rating and a SGD 6.10 price target, according to Markets Insider.

What does the target mean for margins?

The analyst case rests on more than revenue growth. Yangzijiang's annualized return on equity reached 32.30 percent in the first half of 2026, while shipbuilding gross margin rose to 37.10 percent from 35.20 percent a year earlier, according to The Edge Singapore. That combination gives the SGD 6.10 target a clear operating test: new contracts must feed through to margins rather than only expand the backlog.

The backlog provides the second support pillar. The Business Times said the order book stood at USD 22.4 billion across 256 vessels after first-half 2026, with deliveries extending into 2030. The scale is material relative to first-half revenue of RMB 17.5 billion, but the mix of higher-value vessels remains central to the earnings outlook.

Order visibility reaches 2030

Yangzijiang's order book of USD 22.4 billion across 256 vessels is the clearest dated operating measure for the stock. The combination of 28.40 percent net profit growth and a 37.10 percent shipbuilding gross margin shows why analysts are emphasizing execution and product mix rather than revenue growth alone.

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