DBS Research buy call and $2.15 target price on YZJ on Apr 12 turned out to be a complete miss.
"DBS Group Research has reiterated its buy call and $2.15 target price on Yangzijiang Shipbuilding, with the impending spin off of its investment arm. The listing of the investment arm improves corporate governance and catalyses the re-rating of its shipbuilding business, notes DBS on April 12."
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Dbs forgot that Chinese financial companies trade at a huge discount