Yangzijiang (“YZJ”) has weakened approximately 13% from $1.11 on 13 Jan 2021 to close $0.970 on 5 Feb 2021. It has significantly underperformed STI (STI only dropped around 3% over the same period) and is the top STI constituent stocks with the highest potential return (see HERE). Why is it interesting? Read on for more…   Interesting points on YZJ a) Orders are likely to improve in FY21F Based on DBS Research 3 Dec 2020 report, the surge in China (Export) Containerized Freight Index (highest since Mar 2015) and the tripling of the Baltic Dry Index may prompt ship owners to start ordering newbuild orders for containerships and bulk carriers. Such orders may have been postponed due to Covid and the implementation of International Maritime Organisation 2020. b) Citigroup is even more bullish and predicts a slew of orders in the next three months Citigroup (cited by Dow Jones, 25...