On August 13, the Straits Times Index (STI) witnessed a notable uptick of 0.7%, closing at 3,258.57 points, driven largely by gains in Yangzijiang Shipbuilding. The shipbuilder\u2019s shares surged by 14.7%, ending the day at S$2.73, following the company\u2019s impressive financial results and positive outlook.<\/p>\n
Yangzijiang Shipbuilding reported a robust 77% increase in profit for the six months ending June 30, reaching 3.1 billion yuan (S$572 million). Revenue for the period also saw a substantial rise of 15%, totaling 13 billion yuan. The company\u2019s strong performance was underpinned by a record-high order backlog, which DBS Bank analyst Ho Pei Hwa cites as a key factor for sustained earnings visibility through 2026. Hwa\u2019s research note highlights the shipbuilder\u2019s strategic shift towards cleaner vessel technologies, such as dual-fuel container ships and gas carriers, which now make up approximately 70% of its order book. This pivot is expected to attract further interest from Environmental, Social, and Governance (ESG) funds.<\/p>\n
The broader Singapore market reflected a positive sentiment, with 347 stocks advancing compared to 179 decliners, on a trading volume of 1.03 billion securities valued at S$1.29 billion. Among local banks, OCBC Bank remained stable at S$13.83, UOB edged up by 0.2% to S$29.36, and DBS Bank rose 0.4% to S$34.12. However, Keppel Corp lagged, falling 2.5% to S$5.80.<\/p>\n
Regional markets also experienced gains on August 13, with Japan\u2019s Nikkei 225 Index rising by 3.5%, Hong Kong\u2019s Hang Seng Index up by 0.4%, and South Korea\u2019s Kospi Composite Index inching up by 0.1%.<\/p>\n
Mathieu Racheter, Head of Equity Strategy Research at Julius Baer, commented on the renewed attractiveness of equities, noting that strong second-quarter earnings have made stocks appealing again. Racheter advised investors to begin assembling an \u201cequity shopping list,\u201d reflecting a positive shift in market sentiment and investment strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"
Yangzijiang Shipbuilding reported a robust 77% increase in profit for the six months ending June 30, reaching 3.1 billion yuan (S$572 million). Revenue for the period also saw a substantial rise of 15%, totaling 13 billion yuan. The company\u2019s strong performance was underpinned by a record-high order backlog, which DBS Bank analyst Ho Pei Hwa cites as a key factor for sustained earnings visibility through 2026. Hwa\u2019s research note highlights the shipbuilder\u2019s strategic shift towards cleaner vessel technologies, such as dual-fuel container ships and gas carriers, which now make up approximately 70% of its order book. This pivot is expected to attract further interest from Environmental, Social, and Governance (ESG) funds,<\/p>\n","protected":false},"author":413,"featured_media":31218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[17841,5099,13604,249,17840,15453,4086,16878,17839],"class_list":["post-31204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-singapore","tag-corporate-earnings","tag-financial-results","tag-market-performance","tag-singapore","tag-singapore-equities","tag-sti","tag-stock-market","tag-straits-times-index","tag-yangzijiang-shipbuilding"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/31204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/users\/413"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/comments?post=31204"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/31204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media\/31218"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media?parent=31204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/categories?post=31204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/tags?post=31204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}