Singapore-listed Yangzijiang yesterday reported a 52% rise in second quarter profit.
OSK DMG has added Yangzijiang to its top picks list after the stronger than expected results.
Analyst Lee Yue Jer says the company benefited from high margins on its 10,000-teu containership newbuildings on its way to a profit of CNY 1.24bn ($150m).
While the ship type will be less profitable next year after a 10% reduction in price, compensation will come from higher margin bulkers placed in 2013, the analyst says.
