Yangzijiang Shipbuilding shares slide as YZJ Maritime orders 16 vessels, eyes turn to next results
Yangzijiang Shipbuilding shares fell 1.9% to S$3.67 in Wednesday afternoon trade after Yangzijiang Maritime placed six firm newbuild orders and took options for 10 more vessels with Chinese yards. Traders are watching for follow-through on the options and the next earnings update. The stock remains up about 5% year-to-date.