YZJ Shipbuilding SGD Plummets 4.67% Due to Disappointing Q1 Order Intake
Shares of YZJ Shipbuilding SGD dropped 3.27% following the company's Q1 order intake report, which revealed only six vessel orders worth US$300 million, significantly below its annual target. This performance contrasts sharply with the previous year's Q1, where Yangzijiang secured orders for 38 vessels valued at US$3.3 billion. Investors reacted negatively to the news, leading to the stock decline.