Yongnam   

Yong nam

strange the first down for this counter, but there are 15,000 lots sold at 0.285

 

hihi, i would expect 0.300 in October, so depends on your profit target 

epliew      ( Date: 20-Sep-2010 19:22) Posted: wow, missing the boat, any advice can enter at 0.265 ? pepperginger      ( Date: 20-Sep-2010 14:17) Posted: yes yes yes

 

okay, thanks!

chtan5751      ( Date: 21-Sep-2010 14:58) Posted: better no enter at 0.265. mkt will be correction...haha..cheers epliew      ( Date: 20-Sep-2010 19:22) Posted: wow, missing the boat, any advice can enter at 0.265 ?

 

better no enter at 0.265. mkt will be correction...haha..cheers

epliew      ( Date: 20-Sep-2010 19:22) Posted: wow, missing the boat, any advice can enter at 0.265 ? pepperginger      ( Date: 20-Sep-2010 14:17) Posted: yes yes yes

 

wow, gone to 0.275...... alamak.

epliew      ( Date: 20-Sep-2010 19:22) Posted: wow, missing the boat, any advice can enter at 0.265 ? pepperginger      ( Date: 20-Sep-2010 14:17) Posted: yes yes yes

 

wow, missing the boat, any advice can enter at 0.265 ?

pepperginger      ( Date: 20-Sep-2010 14:17) Posted: yes yes yes

 

yes yes yes 

 

Yong Nam chiong ah...

 

If it is able to break 27.5 cents then it might move up to 30 cents soon..

http://www.emailcashpro.com/?r=ap1016

 

Is the price sustainable.... Wonder if it is due to forthcoming quarter end that's why there is a increase in share price across the board.

 

hihi, it's 0.260 just now 

 

Price is trading upwards. Seems positive..

http://www.emailcashpro.com/?r=ap1016

 

Then can u.. please tell me.. which stock to invest.. hehehehe

iPunter      ( Date: 01-Sep-2010 20:30) Posted: It's not just a matter of lower price..       If lower price is the only consideration,            then so many people who are still holding need not go "pok!" ..                 Of more importance is the trend..   upnowhere      ( Date: 30-Aug-2010 21:04) Posted: prospect look good... strong order book and below IPO prices, well.. consider cheap prices and somemore ppl here want cheaper.. hahaha

 

It's not just a matter of lower price..

      If lower price is the only consideration,

           then so many people who are still holding need not go "pok!" ..

                Of more importance is the trend..  

upnowhere      ( Date: 30-Aug-2010 21:04) Posted: prospect look good... strong order book and below IPO prices, well.. consider cheap prices and somemore ppl here want cheaper.. hahaha

 

Singapore, August 31, 2010

“Group”), a well established structural steel contractor and specialist civil engineering

solutions provider, is pleased to announce that the Group has been awarded its first

contract for the MRT Downtown Line 2 (“DTL 2”) valued at S$25.0 million (the

“Contract”). The Contract is part of the C918 contract package, one of several

packages for the DTL 2.– Yongnam Holdings Limited (“Yongnam” or the

 

prospect look good... strong order book and below IPO prices, well.. consider cheap prices and somemore ppl here want cheaper.. hahaha

 

Next decade will be GOLDEN AGE for Yongnam being biggest structural steelworks and specialist civil works contractors for infrastrusture projects worth about S$ 60,000 million over the next 10 years !!!

 

S$60b to be spent over next decade to double S'pore rail network By Dylan Loh | Posted: 29 August 2010 2100 hrs Photos 1 of 1 SINGAPORE: Singapore will spend S$60 billion over the next decade to double the rail network, Prime Minister Lee said at his National Day Rally speech on Sunday. He said this will involve the Downtown Line, Thomson Line and Eastern Region Line. Mr Lee said he understands the congestion problems commuters face, especially during morning peak periods. He said the Circle Line has helped improve the situation, and more will be done, including running an extra train during peak hour on the North-East Line by next year. Also, more trains will be bought and systems upgraded to cope with expected traffic growth. Prime Minister Lee said: "The trains will always be packed during peak hours. It happens everywhere. In other cities, in fact, the crowding is even more severe. But we are trying not to get to be as bad as the other cities. "Please be patient, we can't guarantee that every passenger can get onto the first train every time or even that he can get onto the second train every time. But there will be trains every couple of minutes and if you miss one, the next one will be just a few minutes away."

 

let give another half year,.. take it as long term investment

 

 

 

Not much volume for this counter. It has been hovering around 23 - 23.5 cents.

Hopefully to see some buying interest soon...

 

Magnificent results from Yongnam. Impressive + 28% net profit after tax for 1H 2010 increase y-o-y to S$ 26 million.  Excellent + 26% EPS for 1H 2010 y-o-y 2.13 cents.  Assuming 4.26 cents (2.13 x 2) for full year 2010, and assuming only 10% growth rate, Yongnam shares is worth 4.26 x 10 = 42.6 cents.  Assuming 15% growth rate, Yongnam shares worth 4.26 x 15 = 63.9 cents.

With government just announced Downtown Line 3, making total value of S$ 12 billion for Downtown Line Project, Yongnam being the biggest structural steelworks and biggest specialist civil contractor in Singapore, will derive maximum beneifts from huge infrastruture projects in next few years.

Gearing has been lowered - 18%from 0.75 (31 Dec 2009) to 0.61 (30 Jun 2010). Strong order book of S$ 460 million.

S$21 – 27 billion worth of construction contracts to be awarded this year, and

between S$18 – 25 billion for 2011 and 2012 (1)

 

(1) Business Times, July 30, 2010