Yongnam   

Yong nam

If it will be, let's hope it win big big this time ......

 

A potential good candidate for another potential contract winning ?

 

Let's keep close watch .....

 

May also trade sideways between .295 - .315

 

what are you guys waiting for? Government already told u the contruction up 24% in 4Q , the strongest sector... buy liao la... u want to wait until 40 cents and buy is it?

Heavily vested

 

0424 GMT [Dow Jones] Yongnam (Y02.SG) +3.3% at S$0.310 in active trade, sentiment likely boosted by hopes of further contract wins for Marina Bay Integrated Resort. Resistance tipped at December's intraday high of S$0.325. Company announced S$47 million contract win for resort on Nov. 6; Goldman Sachs said in note at the time, "further to the latest contract win for the hotel parcel of the Marina Bay Integrated Resort, we believe that Yongnam could potentially secure S$180 million more contracts for this project based on 65% of the total steelwork value for the project." Other potential Marina Bay IR beneficiaries Koh Brothers (K75.SG) and Lian Beng (L03.SG) also making good gains today as investors bet on announcement of new contracts associated with casino project soon. (KIG)

 

Lian Beng's strong price performance is a good indication of something interesting brewing ?

 

Hopefully, Yongnam will benefit strongly from the strong sentiment .....

 

Or hopefully, Yongnam will benefit from sub-contractual works ..... 

 

Positive sentiment for anticipating Koh brothers and Lian Beng winnning the IR contract bring up the whole construction sector.

 

What's brewing for the construction ?

 

Yongnam seems to be amongst the best candidate for laggard catch up play .....

 

And hopefully ..... coupled with US market having a likelihood of turning positive after few down days .....

 

 

Dear Ivorycoast,

Fundamentally fact is true, but all that fundamental, macroly and microly facts and prospect have been heavily factored into the share price as such we could not expect any huge reward in the coming future.  

 

 

If Yongnam make an expansion breakout today ..... then it will be jiat buay liao for Yongnam investors .....

 

 

Lian Beng likely to see 80 cts becoming a strong support .....

 

A superb and bumper rewards year for construction .....

 

Super laggard ...... relative to Lian Beng ......

 

Hope it will closes up the gap very very soon ......

 

Hope it's gonna be a super mega project ......

 

And hope others like Yongnam will also benefit from the positive sentiments .....

 

i agree to a certain extent with u...however in current market situations...things r rather unpredictable

 

Lian Beng is holding on pretty well .....

 

It's probably a matter of quick time when Lian Beng reaches it's fair value, the big muscles will turn their attention to Yongnam .....

 

Likely the next construction stock that will rise to the occasion .....

 

Just look at how many folds Lian Beng has risen .....

 

Isn't this a super laggard ?

 

the recent market is so volatile and there is a possibility of recession in the US market.

pretty uncertain whether it is a good thing to hold for long....

any advise from any experts on the market next year?

 

I am also optimistic on this counter given its current book order value, its overseas expansion (growth area) and the fact that it has secured large amounts of loans (means financiers are also optimistic of their business). Accumulate for mid-term (3-6 months) 25-50% price appreciation