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1061-1080 of 2451
The chart shows this one
struggling for so long to climb 4 steps...
But then so easily and quickly
slide back 3 steps...
ie. the fall is so much faster than the rise
I am referring to the daily chart...
Sorry, with possible EPS of 4.48 cents for FY 2010, the share price will be worth 4.48 x 20 = 89.6 cents, not 80.96 cents (typo error) assuming P/E ratio of 20.
News Released after market closed on 14 May 2010. Yongnam achieves record net profit of S$ 13.8 million for Q1 2010, net profit increase of 35.5%. Strong order book of S$ 488 million as of 31 March 2010. Note that EPS is 1.12 cents for Q1 2010. Assuming same EPS for next 3 quarters, it is estimated to be 4.48 cents for FY 2010. And assuming growth of 20%, the share price will be worth 4.48 x 20 = 80.96 cents, normally if we go by P/E of 20.
Strong and positive words from Yongnam management. Prospects for the Goup remain attractive. "Going forward, we are looking at potential contracts from Singapore which include infrastructural projects like the Singapore Sports Hub and the MRT Downtown Line Phase 2. At the same time, we are also pursing projects in Hong Kong, Abu Dhabi, Saudi Arabia and India." With the record profit achieved in 1QFY2010 providing a strong headstart and a comfortable order book of S$488 million as at 31 March 2010, the Group is optimistic that it will continue to perform well in FY 2010.
Very strong fundamentals for Yongnam. Best wishes to all Yongnam investors, BB and retail investors.
Dear Yongnam investors,
At this morning AGM, CEO Seow highlighted that Yongnam will continue to perform well in 2010. There are solid projects in the pipeline, such as infrastructure projects (Sports Hub to be called in June 2010, Downtown Line Extension Stage 2 MRT awarding temporary works contractors, India, Middle East and Hong Kong MRT etc). Yongnam is tendering for S$ 1.5 billion worth of contracts and assuming 1/3 successful, it is worth solid S$ 500 million, as compared to FY2009 turnover revenue of S$ 346.8 million. Yongnam currently as of end Dec 2009, has healthy S$ 492 million order book.
Another positive factor is that Yongnam has 135,000 MT (stock) plus another 15,000 MT (to be purchased) modular structural steel material will bring total 150,000 MT at end 2010, assuming that it is S$ 2000/MT, Yongnam will have material at hand of S$ 300 million. Note that the nearest competitor is only 1/5 the size of Yongnam and to compete on same level, will need to fork out S$ 300 million to bid for international and local complext infrastructure projects. It means that Yongnam is the leader in specialised civil engineering and structural steel contractor. Another growth stock in view of the increasing revenue due to infrastructure projects in Singapore and around the region. Good luck and best wishes to Yongnam's investors.
Dear all......, about Yongnam, aiyoh price still down....... thought they are doing well. Thanks.
tradersgx ( Date: 07-Apr-2010 10:34) Posted:
BB Buy Up!!!!
10:31:48 0.290 5,096,000 Buy Up
10:27:50 0.290 40,000 Buy Up
10:27:42 0.285 100,000 Sell Down
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Ya...... next R is $0.320 (25/Aug/09 closed).... ('o' )
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once Ah Nam breakout $0.275...then next R is $0.29.....next $0.32.... (", )
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osaka_teddy ( Date: 09-Apr-2010 00:32) Posted:
Should be testing 31cents again.
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or right click yr stock, then click "Times & Sales"....... ('.' )
tradersgx ( Date: 09-Apr-2010 00:48) Posted:
You can view it real-time in "Trade History" + click the button "Update" (poems user)...... ('.' )
brave88 ( Date: 08-Apr-2010 22:03) Posted:
Can anyone advise me how to get the stock below:
10:30:19 0.305 1,000,000 Buy Up
10:09:56 0.305 5,000,000 Buy Up
10:08:44 0.300 5,082,000 Buy Up
Thanks. |
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You can view it real-time in "Trade History" + click the button "Update" (poems user)...... ('.' )
brave88 ( Date: 08-Apr-2010 22:03) Posted:
Can anyone advise me how to get the stock below:
10:30:19 0.305 1,000,000 Buy Up
10:09:56 0.305 5,000,000 Buy Up
10:08:44 0.300 5,082,000 Buy Up
Thanks. |
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Should be testing 31cents again.
yeah tt's e spirit n dun bck liao..
I bought this at 0.300(5th-Sept-2009) and it had been stagnant about 7 months...
Finally sold it today at 0.305. Get back what i invested...damn happy liao. Don't bother whether it up in coming days...
Can anyone advise me how to get the stock below:
10:30:19 0.305 1,000,000 Buy Up
10:09:56 0.305 5,000,000 Buy Up
10:08:44 0.300 5,082,000 Buy Up
Thanks.
cheong arh cum'on pass tis 30c arh
Cheong ah.. Huat ah.....
tradersgx ( Date: 08-Apr-2010 15:54) Posted:
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+ another 2,295,000 shares Buy Up...
15:41:40 0.300 1,295,000 Buy Up
15:34:24 0.300 1,000,000 Buy Up
tradersgx ( Date: 08-Apr-2010 15:32) Posted:
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Today, BB buy up another 11,082,000 shares! ('o' )
8Apr'10
10:30:19 0.305 1,000,000 Buy Up
10:09:56 0.305 5,000,000 Buy Up
10:08:44 0.300 5,082,000 Buy Up
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+ another 2,295,000 shares Buy Up...
15:41:40 0.300 1,295,000 Buy Up
15:34:24 0.300 1,000,000 Buy Up
tradersgx ( Date: 08-Apr-2010 15:32) Posted:
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Today, BB buy up another 11,082,000 shares! ('o' )
8Apr'10
10:30:19 0.305 1,000,000 Buy Up
10:09:56 0.305 5,000,000 Buy Up
10:08:44 0.300 5,082,000 Buy Up
tradersgx ( Date: 08-Apr-2010 01:17) Posted:
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Yongnam has breakout R $0.29..... $0.32 is in near term... ('o' )
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Alert Admin |
Today Ah Nam BREAKOUT $0.275 ! Well done! More UPSIDE is coming (^_^ )(^_^ )(^_^ )
NEWS RELEASE
YONGNAM CLINCHES FIFTH CONTRACT WORTH S$20.2 MILLION FOR
THE MARINA COASTAL EXPRESSWAY
- Total contract value for all five contracts is S$326 million
Singapore, April 6, 2010 – Yongnam Holdings Limited (“Yongnam” or the “Group”), a
well-established structural steel contractor and specialist civil engineering solutions
provider, is pleased to announce that the Group has been awarded its fifth contract
valued at S$20.2 million (the “Contract”) for the Marina Coastal Expressway (“MCE”).
With this contract win, the Group has secured contracts worth a total of S$326
million for the MCE. |
| Rate This Post: Useful To Me |
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Yongnam
Trade summary 8Apr 2010 15:37:38
Price 0.290 Volume: 5,000
Price 0.295 Volume: 4,654,000
Price 0.300 Volume: 10,606,000
Price 0.302 Volume: 100,000
Price 0.305 Volume: 15,647,000 <----
Price 0.310 Volume: 1,000
Today, BB buy up another 11,082,000 shares! ('o' )
8Apr'10
10:30:19 0.305 1,000,000 Buy Up
10:09:56 0.305 5,000,000 Buy Up
10:08:44 0.300 5,082,000 Buy Up
tradersgx ( Date: 08-Apr-2010 01:17) Posted:
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Yongnam has breakout R $0.29..... $0.32 is in near term... ('o' )
x 0
x 0
Alert Admin |
Today Ah Nam BREAKOUT $0.275 ! Well done! More UPSIDE is coming (^_^ )(^_^ )(^_^ )
NEWS RELEASE
YONGNAM CLINCHES FIFTH CONTRACT WORTH S$20.2 MILLION FOR
THE MARINA COASTAL EXPRESSWAY
- Total contract value for all five contracts is S$326 million
Singapore, April 6, 2010 – Yongnam Holdings Limited (“Yongnam” or the “Group”), a
well-established structural steel contractor and specialist civil engineering solutions
provider, is pleased to announce that the Group has been awarded its fifth contract
valued at S$20.2 million (the “Contract”) for the Marina Coastal Expressway (“MCE”).
With this contract win, the Group has secured contracts worth a total of S$326
million for the MCE. |
| Rate This Post: Useful To Me |
tradersgx ( Date: 25-Mar-2010 11:31) Posted:
once Ah Nam breakout $0.275...then next R is $0.29.....next $0.32.... (", )
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30 cents now (". )
interesting one month plus up trend, lets c if it pass 30c if nt profit take as any time it will jz exhausted
YN will be effected by increases in steel prices, however increases in iron ore price will eventually filter down to steel prices.
YN would have factored in steel price increases in their tender prices and would have entered into long term contracts to buy steel to lock in prices. These measures put together will help to soften the impact to the balance sheet.
xprinz ( Date: 07-Apr-2010 23:37) Posted:
| sorry one question.. if the iron ore price increase sharply with recent news will it affect the cost of materials and balance sheet of Yongnam for it's steelworks? |
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