Shares of Yangzijiang Shipbuilding (BS6.SI) are soaring 8% in early trading on Thursday, building on the previous day's gains after the company reported record-high profits for the first half of 2025. The stock's strong performance outpaces the broader Singapore market, with the Straits Times Index (STI) up only 0.3%.
The mainboard-listed shipbuilder announced on Wednesday that its net profit for the six months ended June 30 surged 36.7% year-on-year to 4.2 billion yuan (S$752.6 million). This impressive growth came despite a slight 1.3% decline in revenue to 12.9 billion yuan for the same period. Notably, the company's net profit margin expanded significantly, rising to 32.5% from 23.4% in the previous year.
Investors appear to be reacting positively to Yangzijiang's ability to boost profitability in a challenging environment. The company's strong performance stands out amidst mixed results from other Singapore-listed firms, with some major banks reporting lower profits. As global economic uncertainties persist, Yangzijiang Shipbuilding's robust financial health and improved margins may be viewed as signs of resilience and effective management, driving the stock's upward movement in the market.
Comments