Singapore, Jan 24, 2026, 14:54 SGT — Market closed
Yangzijiang Shipbuilding (Holdings) Ltd shares dropped 1.2% to S$3.34 on Friday, marking the biggest decline on Singapore’s Straits Times Index, which itself hit a record close. “Washington’s noise has been loud, but the market is learning how to filter it,” said Stephen Innes, managing partner at SPI Asset Management. (The Straits Times)
The shipbuilder has now dropped for two days in a row, sliding 2% on Thursday. That came despite the benchmark STI rising 0.4% amid a global relief rally sparked by U.S. President Donald Trump easing his position on Greenland, according to The Business Times. “For now, markets appear comfortable re-engaging with risk as the probability of near-term escalation diminishes,” said Mathieu Racheter, head of equity strategy research at Julius Baer. (The Business Times)
Shares fluctuated between S$3.30 and S$3.38 on Friday, with roughly 18.3 million changing hands. The day before, the stock kicked off at S$3.48, slipped to S$3.38, and closed at that level on a volume of about 21.8 million, according to Yahoo Finance data. (Yahoo Finance)
Since its business update on Nov. 17, the company hasn’t filed anything new on SGX, based on a review of exchange announcements. With no fresh developments, the stock’s direction could depend largely on the wider risk appetite and any hints of new orders or updated guidance. (Sginvestors)
In its November update, Yangzijiang reported US$2.17 billion in order wins for the first nine months of FY2025, pushing its order book—the total contract value of ships yet to be delivered—to US$22.83 billion. More than 70% of that order book came from green vessels. The company has delivered 46 ships so far this year, aiming for a total of 56. (The Edge Singapore)
Investors are eyeing whether the yard can maintain margins while filling delivery slots slated for the late decade, all amid pressure to control steel and labor expenses. Owners continue to shell out for vessels that comply with stricter emissions standards, but shipping rates and market mood can shift abruptly.
Order risk cuts both ways. In September, the company revealed that three subsidiaries ended contracts for four 50,000-deadweight MR (medium-range) product tankers, valued at around US$180 million. This followed allegations that the buyer’s sole shareholder was involved in a scheme to bypass U.S. sanctions. (SGX Links)
Despite this week’s retreat, the stock remains close to the upper limit of its 12-month range, between S$1.80 and S$3.75. That narrows the margin for error should guidance on margins, deliveries, or cancellations fall short. (Investing)
Trading picks back up Monday, Jan. 26. The next major event is the earnings report set for March 4, per TradingView’s calendar. Investors will be watching closely for updated figures on deliveries, margins, and any new contracts. (Tradingview)
