Added to YB: 2024-02-01
Pitch date: 2024-02-01
YF8.SI [bullish]
Yangzijiang Financial Holding Ltd.
+315.97%
current return
Author Info
Chop Wood, Carry Water is a tech manager and investor searching for value-based investments. Sign up for the newsletter.
Company Info
Yangzijiang Financial Holding Ltd., an investment holding company, engages in the investment-related activities in the People's Republic of China and Singapore.
Market Cap
SGD 1.1B
Pitch Price
SGD 0.11
Price Target
0.63 (+43%)
Dividend
6.77%
EV/EBITDA
-4.75
P/E
5.88
EV/Sales
-4.12
Sector
Capital Markets
Category
special_situation
YF8.SGX Quick Pitch
YZJ Financial (YF8.SI) trades at $0.32 (SGD 1.24B mkt cap), 0.3x P/BV. Spun off from Yangzijiang Shipbuilding, now focused on fund & wealth mgmt. Targets $5B AUM in FY23, 17% annual rev growth next 3 yrs. $3B cash, no debt, 40% earnings as dividends. Significantly undervalued at 6x P/E vs 10x peer avg, 100%+ upside to $1 NAV/share.
Read full article (2 min)