PHOTO: YANGZIJIANG SHIPBUILDING[SINGAPORE] Shares of Yangzijiang Shipbuilding continued their rally on Tuesday (Aug 11), advancing by 9.3 per cent in the morning. It ended the day 11 per cent or S$0.46 higher at S$4.66, after 77 million shares valued at S$350.6 million were transacted. The rise in earnings, from 4.2 billion yuan in H1 FY2025, largely came on the back of higher shipbuilding revenue from the progressive construction of vessels secured at higher contract prices. Revenue rose 36.2 per cent to 17.5 billion yuan, from 12.9 billion yuan a year earlier. CGS International on Friday similarly raised its target price – from S$5.10 to S$5.75 – as it reiterated an “add” rating.