The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.
0500 GMT - Yangzijiang Shipbuilding's move to buy a stake in the holding company of Seaspan Corp. isn't likely to heavily weigh on its profit next year, says Citi analyst Luis Hilado in a note. The Singapore-listed shipbuilder is set to fund the $825.7 million deal via internal cash resources. The company's robust cash flow generation and net cash position means that a deal would only weigh on Yangzijiang Shipbuilding's 2027 profit by around 1%, even if the deal doesn't contribute to profit, he estimates. Citi retains its buy rating and S$4.85 target price on Yangzijiang. Shares rise 2.2% to S$4.14. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 11, 2026 01:00 ET (05:00 GMT)
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