$YANGZIJIANG SHIPBUILDING (BS6.SI) -2.10%: Profit-Taking Near Highs

SGX_TrendRadar
09-02 18:27

$YZJ Shipbldg SGD(BS6.SI)$ Slips -2.10%: Profit-Taking Near 52-Week High, Key Support at S$4.61 Holds

Latest Close: S$4.66, down S$0.10 (-2.10%) on 02-Sep-2026, just 4.9% below its 52-week high of S$4.90. Volume 16.59M shares (volume ratio 1.25), turnover S$69.86M.

Core Drivers: One-day capital flow showed net outflow of S$2.33M from large/mid orders. 5-day flow remains mixed, with S$2.15M outflow on 08-31 followed by modest S$1.65M inflow on 09-01. Top holders stable; Vanguard increased position by 412,300 shares.

Technical Analysis: Price rejected near S$4.82 intraday high, closing well below open (S$4.80) – bearish engulfing pattern on the daily. Volume ratio 1.25 signals distribution. RSI data unavailable in current feed, but prior range suggests overbought territory fading. Capital flows show large orders net selling.

Key Levels: Primary support at S$4.61 (today’s low); strong resistance S$4.90 (52-wk high); immediate pivot S$4.76 (yesterday close).

Valuation: TTM P/E 9.85x vs. shipbuilding peers ~11x; P/B 2.91x; ROE 32.1%; dividend yield 4.42%.

Targets: Sell-side coverage lacks updated consensus; implied upside to fair value ~S$5.10 based on historical P/E re-rating.

Outlook: Expect range S$4.61–S$4.82 next week. Below S$4.61 triggers test of S$4.45; above S$4.82 renews challenge of S$4.90.

Risk Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Past performance does not guarantee future results.


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