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1481-1500 of 2451
wah if @0.18, then no more bus stop liao, can even go back to 0.10.
i will see you guys at 0.18
Probably should stabilise @ 0.25 - 0.30 range.
Depending on Uncle Sam, everybody kena burn.
Will back 0.01 level in one year time !
Will it drop to 20cts
Good time to buy some yongnam.
WOW! Ruanlai, you were right. Today it plundge to 0.330. Oh no....
This time round, i guess a lot of ppl might have been blown off their sit.
ehmmm.....CSC is doing piling, YongNam is in steel work.
How much of a link can it be, JJS?
if you notice, CSC and YongNam, move together, ha ha... either UP or DOWN.
alot of die hard supportor havent jump ship,,,,but now is time to let go......because big fund,amoh fund,bb all cannot tahan liao,,,,,,,i think there going to sell their stage any time .......22cts akang datang.....
Wah like that better jump ship first then chiong when seas are more calm.. Better be safe than sorry. Chiong later lah for next entry.
Strong Wind will get it down to 33cents, then 31.5cents and down below 29cents....
Hold on tide with double safety belts............
STRONG WIND is coming on the way......
Bro,
I think will fall to .35
Gosh! It pludge to 0.375.
Hope its margin is still around 0.400 for time being.
Over few sessions, yes, I believe so too.
But tomorrow... hope something happen from now till 4am...
Dow is down almost 1% now.
0.45SGD - 0.46SGD next few session not a problem. The 'SPARTANS' are very well prepared during the recent consolidation. At least thats what I am told.
Doubt that YN can ride on this result.
DOW is down... bleeding in fact.
Very very good set of results. Well DOne Yongnam!
A COMMENTARY AT THE DATE OF ANNOUNCEMENT OF THE COMPETITIVE CONDITIONS OF THE INDUSTRY IN WHICH THE GROUP OPERATIONS AND ANY KNOWN FACTORS OR EVENT THAT MAY EFFECT THE GROUP IN THE NEXT REPORTING PERIOD AND THE NEXT 12 MONTHS
In Singapore, the Government has recently given approval to the Land Transport Authority for the construction of a 5 km long Marina Coastal Expressway at a cost of $2.5 billion. In the Middle East, the Group had established a strong foothold in Dubai with the Dubai Metro Rail project. Together with other on-going infrastructure developments in Singapore which includes the new MRT downtown line, integrated resorts and developments along Orchard Road, the outlook for the Group looks promising.
Yongnam Holdings Limited announced a set of sterling numbers for its first half ended June 30, 2007. Net profit surged seven-fold, from S$2.7 million in 1HFY2006 to S$19 million for the same period this year. This includes an exceptional gain of S$12.7 million write-back from an impairment previously provided on an investment property. The Group's net profit from operations showed a significant improvement; jumping 133.7% to S$6.3 million, mainly due to higher margins from its focus on two high-growth sectors, Structural Steelworks and Specialist Civil Engineering.
This strong performance was achieved on the back of a 7.3% increase in revenue, from S$73.1 million in 1HFY2006 to S$78.4 million in 1HFY2007. Structural steelworks accounted for S$46.9 million in 1HFY2007, up 36.6% from the corresponding period last year. Specialist civil engineering grew 22.6% to S$31.1 million for the period under review.
The key contributors are the Group's Specialist Civil Engineering project for Singapore's MRT Circle Line and Civil and Structural Steelworks for the Dubai Metro project. On a geographical basis, Singapore accounted for 71% of the revenue while the Middle East contributed the balance 29%.
Yongnam contracts secured in 2005 and 2006 for Strutting Works for MRT Circle Line projects phase 4 and 5 continue to contribute to the Group's operational profits. In May this year, the Group won the prestigious S$60 million contract for civil and structural steelworks to 11 over-ground stations of the Red Line which will link Rashidiya to Jebel Ali of the Dubai Metro project.
Said Mr Seow Soon Yong, Yongnam?s CEO: ?We are delighted that our planned focus on specialist civil engineering and structural steelworks has paid off with such strong results. We have delivered a 133.7% improvement in our operational net profit, fromS$2.7 million to S$6.3 million, on the back of a 7.3% increase in revenue which rose from S$73.1 million to S$78.4 million. "This sterling performance is due, in no small part, to our proprietary modular strutting system which gives us not only a strong competitive edge in meeting international competition and facing more stringent design and project requirements but also enhanced margins."
Gross profit for the period improved 31.5% to S$14.5 million as a result of improved margins and higher revenue. The increase of S$615,000 in general and administrative expenses was mainly attributable to the fair value of share options granted, expensed over the vesting period.
With the recent placement of 120 million new shares in May this year, Yongnam's balance sheet has been considerably strengthened. Shareholder funds at June 30, 2007 stand at S$90.3 million compared to S$7.4 million at the end of its last financial year on December 31, 2006. The Group?s gearing has improved from 10.5 times as at December 31, 2006 to 0.5 times as at June 30, 2007.
'With a stronger balance sheet and lower gearing, the Group is well-positioned to be more nimble to seize new business opportunities not only in Singapore but also internationally.' added Mr Seow.
The Group's improved financials has increased its Earnings Per Share from 0.35 cents to 1.65 cents on a fully diluted basis. Going forward, "outlook for the Group looks promising" with the increased infrastructural developments in Singapore and the region. "The Group has already established a strong foothold in the Middle East and ongoing infrastructural developments across Singapore island, from the Marina Coastal Expressway to the new MRT downtown line, integrated resorts and Orchard Road developments, augur well for Yongnam,? Mr Seow quipped.
Yongnam?s order book as at June 30, 2007 amounted to S$146 million. The Board is optimistic that the good operational performance will continue into the second half of this year and make FY2007 a stronger year than FY2006.