$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$
Assumptions made for
YZJFH
1) YZJFH will trade based on Financial Companies from HKSE PE and PB
2) YZJFH's Book value and EPS remain
YZJSB
1) YZJSB will trade within the range of its PE and PB ratios
2) YZJSB's Book value and EPS remain
EPS and NAV are based on the latest announcement made on 1 April 2022 and converted to SGD based on 1SGD = 4.69CNY
Hong Stock remains in a bear market so the valuations based on comparable companies traded on HKSE are conservative.
YZJ will trade at the lowest PE or PB only during special events like major market sell-off or a specific event such as ‘government investigation’
Base Case, YZJ should be traded at $1.68-$1.75
Optimistic Case, YZJ should trade at $2.11-$2.15
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