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Yongnam has breakout R $0.29..... $0.32 is in near term... ('o' )
| tradersgx Veteran |
06-Apr-2010 17:30  About tradersgx  Contact Quote! Style: Combined |
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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. |
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tradersgx ( Date: 25-Mar-2010 11:31) Posted:
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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?
wander how much more will it go ...
BB in more actions now .... today may see $0.30 or higher... Hehehe (^_^ ) (^_^ )( ^_^) ( ^_^ ) (^_^ )
11:37:33 0.295 1,023,000 Buy Up
11:37:30 0.295 997,000 Buy Up
10:45:55 0.295 2,000,000 Buy Up
10:45:20 0.295 2,864,000 Buy Up
10:37:48 0.295 5,000,000 Buy Up
10:31:48 0.290 5,096,000 Buy Up
08:59:02 0.290 1,101,000 Buy Up
“This recent slew of contract wins is in line with our view that infrastructure projects
by the government will continue to spur growth in the construction sector,” says DMG
tradersgx ( Date: 07-Apr-2010 10:34) Posted:
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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
Don't mix up......Yongnam is the Largest specialist steelworks subcontractor in the region. ( '_' )
" Many analysts tend to lump us with other general contractors,
not realising that we are a specialist steelworks subcontractor
who does not share the same risks as those in general construction. "
" Yongnam considers itself unique in its business. The company is Singapore's,
and probably the region's, largest supplier of steel struts used to support
construction of tunnels, underground highways and subterranean buildings;
and structural steel used for the construction of mega complexes and buildings. "
BT
Yongnam's Financial Summary:
Revenue A&F :
2022F: M$480.1 +12%
2010F: M$430.1 +24%
2009A: M$346.8 +3%
2008A: M$337.6 +94%
2007A: M$174.1 +16%
2006A: M$150.4 +85%
2005A: M$81.4
CIMB 15Mar'10
http://yongnam.listedcompany.com/newsroom/20100301_183251_Y02_84E9689794098E0A482576D90032E4A3.1.pdf
Do your maths yourself...comparing the number of shares UE and YN has??? What is the eps based on the book value if profit is 10% of book value? UE has so much less share then YN that their eps will be much higher.....and their book value is twice that of YN....this is only UE's construction sector? Not to forget their property development and the properties that they have....
myjw2010 ( Date: 06-Apr-2010 15:10) Posted:
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anyone know how many share is the share option they award themselves with 8 cents if I am not wrong??? How much share compare to last time????
TP $0.46 is possible for this year. (^.^ )
+++++++++++++++++++++++++++++++++++++++++
businesstimes.com.sg
Published April 1, 2010
Yongnam upbeat on winning a third of new projects here
It plans to boost stock of steel struts as builders' demand remains strong
........Asked why Yongnam's stock is stuck at under 30 cents if the outlook was so bright, Mr Chia
laughed: 'Yes, we used to be above 50 cents over a year ago when we had half the value of
projects in hand..........
+++++++++++++++++++++++++++++++++++++++++++
yaya. still holding my bullets..but just disappointed on their Dividend.
aiming TP 0.46 with 100% profit~~
More upside coming.... LOAD UP N TARGET 0.46....hahahaha
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$326
million for the MCE.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_D9874D2BFA857565482576FD002ABFDA/$file/YHL-MCE_Fifth_Contract_C482_6Apr2010.pdf?openelement
yet another contract win!
Last burst of fire for the day... Quick ...UPUPUP...wooo
But there are alot more contracts coming up....
YN got so much shares and order book value contract only $492 million. Even UE has 900 million order book at hand........
More to come. Expected to win contracts for MRT lines. Track record is very important when bidding for govt projects
Outlook Positive For Yongnam
Coming into 2010 with strong order book at $492m, specialist infrastructure steelworks company Yongnam Holdings reckons it can clinch at least a third of the estimated $1.4b worth of new projects coming onstream this year. And this does not include up to $30b of infrastructure projects in Singapore, such as the $8b North-South underground expressway, which is expected to be commissioned in the next few years.
‘In this business, size matters,’ chief financial officer, Chia Sin Cheng said. The company is Singapore’s, and probably the region’s, largest supplier of steel struts. Indeed, some analysts calculate that Yongnam is bigger than the combined size of its next two biggest competitors, Taiwan’s Fuichi and Japan’s J-Steel. Yongnam owns 135,000 tonnes of steel struts at its Tuas facility, which itself is the size of 20 football fields. Demand has been so strong that Yongnam is planning to buy at least 20,000 tonnes more, to boost its total stock to 155,000 tonnes. Its existing stock is carried at original steel cost of $900 per tonne, though new stock will have to be bought at $1,600 per tonne – a factor which also raises barriers to entry.
CIMB's Top Pick
05 Apr 10
Construction - Take your picks selectively
Our top pick for the Singapore construction sector is Yongnam. According to BCA forecasts, construction demand in Singapore ...