Yangzijiang: A Well Run Machine that Trades at 0.7x Book and 3.25 Ex-Cash PE
Share PriceYangzijiang Shipbuilding (YZJSGD SP) share price went up almost doubled in FY 2017 only to lose 40% in FY 2018 YTD. On May 30th this...
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Namura Shipbuilding (7014) After Write-Offs, Shares Still on a Negative EV. Buy into This Sell Off.
This is an exceedingly volatile market and over the last few years the operating environment has been very difficult. Orders taken pre-Lehman, when...
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Mitsui Engineering Targets Natural Gas Hydrate as Japanese Shipbuilders Restructure
We wrote on Mitsui Engineering & Shipbuilding (7003 JP) on 14 Feb noting the very high level of its holding company discount, likely due to...
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Mitsui Engineering Discount to NAV Hits 44% Again. Is a Repeat of Feb 2016's 40% Rally on the Cards?
Mounting losses in its Shipbuilding and Engineering segments have seen Mitsui Engineer & Shipbuild (7003 JP) 's Discount to NAV on Smartkarma's...
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