Singapore, Jan 25, 2026, 15:03 SGT — Market closed
Shares of Yangzijiang Shipbuilding (Holdings) Ltd closed Friday down 1.18% at S$3.34, marking a sixth straight session of losses. The stock now sits roughly 11% below its early-month high. Trading ranged from S$3.30 to S$3.38, with around 18.3 million shares changing hands. (Investing)
Since the Singapore market was closed Sunday, the drop sets the tone for Monday’s open. The stock’s January rally attracted fresh capital, but now it’s unclear if buyers will jump back in or hold off for more clarity on orders and margins.
The next big date is March 4, when the company is set to release its earnings, according to Investing.com’s calendar. Its stock has traded between S$1.80 and S$3.75 over the past year, so a weak report won’t go unnoticed. (Investing)
Yangzijiang, listed in Singapore, runs shipyards in China where it constructs commercial vessels like containerships, tankers, bulk carriers, and gas carriers, according to Reuters data. (Reuters)
In its latest business update on SGX last November, executive chairman and CEO Ren Letian noted “improved customer sentiment and a modest recovery in order momentum.” The group also revealed an impressive orderbook — representing the value of ships contracted but not yet delivered — standing at around $22.8 billion as of Nov. 17. (SGX Links)
Adrian Loh of UOB Kay Hian Research noted in a November report that management expects 2026 shipbuilding margins to “remain comparable to 2025,” supported by a steady USD/RMB rate and steel prices hovering between RMB4,000 and 5,000 per tonne. He added the company is in “active negotiations” for contracts likely to close by end-2025 and seems confident about landing roughly $4.5 billion in new orders next year, despite softer newbuild prices and increased competition from expanding Chinese yards. The note also warned of familiar risks: delivery delays, trade tensions, and fluctuations in steel prices. (SG Investors)
Shares last closed at S$3.34, putting the company’s valuation around S$13.14 billion, according to data from StockAnalysis. (StockAnalysis)
Shipbuilding remains a cyclical industry, and that’s where the risks lie. If shipping markets slip and owners hold off on ordering new ships, orders could vanish fast. Signs of trouble like late deliveries or rising costs would probably weigh on sentiment, especially after the rally earlier this month.
Traders gearing up for the week will focus on new contract announcements and any remarks suggesting pricing power. Attention is also on whether the stock can hold steady after hitting S$3.30 last Friday. Daily talk around China-linked shipbuilders continues to revolve around shifts in the U.S. dollar against the yuan and fluctuations in steel prices.
Yangzijiang’s next major trigger lands on March 4 with its earnings report. Until then, expect the tape to move mostly on order news—or the absence of any—as SGX kicks back into gear on Monday.
