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kooihoe
    11-Jul-2007 21:45  
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Singapore's Yongnam to resume trading 11 Jul 2007 17:51


SINGAPORE, July 11 (Reuters) - Trading in shares of Singapore-listed Yongnam Holdings <YNAM.SI> will resume as of 9 a.m. on Thursday, the company said in a statement.

Please double-click on:

<YNAM.SI> for the most recent price quote

[YNAM.SI-SGX] for stock exchange statements about the firm.

[YNAM.SI-E] for recent Reuters news about the firm. ((Reporting by Chua Baizhen, Singapore Newsroom, +65-6403-5677))

Keywords: YONGNAM/LIFT
 
 
Pinnacle
    11-Jul-2007 21:21  
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Show Time!!!Smiley

 
 
Manikamaniko.
    11-Jul-2007 18:41  
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Perhaps we will hear the "Cheong Arhh!!!" cries again?... Smiley
 

 
raymondho
    11-Jul-2007 18:26  
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Thank you timely info !

Let  cheer !  Yong Nam, tomorrow is your showtime !!
 
 
dpang88
    11-Jul-2007 17:53  
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The news just came out. Good luck to those vested!

The Board of Directors of Yongnam Holdings Limited (the "Company") refers to the Company's announcement in relation to the abovecaptioned matter on 22 December 2006.

The United Overseas Bank Limited's appeals were heard today by the Court of Appeal. The Board of Directors is pleased to announce that the appeals were dismissed and upheld the Company's interest in the 23rd floor of Springleaf Tower.


BY ORDER OF THE BOARD

Seow Soon Yong, Chief Executive Officer
11 July 2007
 
 
KiLrOy
    11-Jul-2007 17:39  
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If the ripe fruit is consider 0.61SGD in today's context for Yongnam, at what price will you pick the fruit?

I will pick the fruit at 0.58 (coz my taste bud tells me the ripe fruit will taste jus right at 0.58).
 

 
solomonster
    11-Jul-2007 17:13  
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i like Pinnacle's analogy !
 
 
Manikamaniko.
    11-Jul-2007 16:01  
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Yea...


In this context... love is so much like the stock market...

It can turn sour so easily...

especially if one only focus on the appearance at the moment....Smiley
 
 
Pinnacle
    11-Jul-2007 14:50  
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Just a simple analogy:

When the fruit is ripe for the picking, don't be emotional. Just pick it and enjoy the swetness fruit.

If hesitated, the fruit will be rotten and you lose your crop.
 
 
KiLrOy
    11-Jul-2007 14:37  
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Probably wont be a darling when the profit turns into loses. Touch wood. 

If only we can remove the emotion part of us in trading ... :p

Here's wishing these vested to profit from the uptrend.  Remember to take some moolah off the table when YOUR time is right.
 

 
Manikamaniko.
    11-Jul-2007 14:33  
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It's very, very difficult for humans not to fall in love!..

especially with a stock which has been so much of a darling! ...Smiley

 
 
KiLrOy
    11-Jul-2007 14:28  
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Pinnacle highlighted a very good reminder to take away!

The same stock that did well for you today may not do well for you the following months ahead.
 
 
Pinnacle
    11-Jul-2007 14:25  
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Remember. NEVER fall in love with any of the stock.

If you feel that the price has reached its valuation, cash out and move on to next potential.
 
 
fortunegal
    11-Jul-2007 14:16  
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0555 GMT [Dow Jones] Yongnam (Y02.SG) halts trade pending announcement on a court decision relating to ownership of a floor in Springleaf Towers. Court of Appeal expected to make its final decision later today over appeal filed by UOB ( U11.SG) against a court ruling in a case involving the bank and Yongnam's subsidiaries. Resolution of case likely to be positive for stock, upside capped at record high of S$0.565; CIMB said in a recent note that "impact could be either neutral in the worst case or positive in the best case." Closed up 1.8% at S$0.555 before halted; shares likely to resume tomorrow once outcome is revealed. (JEM)
 
 
Manikamaniko.
    11-Jul-2007 14:15  
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hahaha... :)


My view is this question is best answered by yourself,
because it's not advisable for another person to do so.

If the price goes down after the advice, all is well...

But if it goes on rising, that memory will stick and stick forever... Smiley

 

 
Pinnacle
    11-Jul-2007 14:09  
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Its just a target set by some analysts. To reach the TP or even goes beyond the TP also depend on the market sentiment, the local and global economic reports, fed rate (fed rate will affect almost everything), etc...

To hold or cash out depend on whether you are patient or need $$$ on hand.
 
 
knightrider
    11-Jul-2007 14:08  
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Take profit la !
 
 
solomonster
    11-Jul-2007 13:50  
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need advise. If it's reached TP=0.61, what should we do? should we let go? or hold?
 
 
limkt009
    11-Jul-2007 12:39  
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Trading halt.
 
 
knightrider
    11-Jul-2007 11:48  
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From BusinessTimes 2day !!!

 

Yongnam Holdings
July 10 close: S$0.545
CIMB Research, July 10


COURT decision soon; fundamentals going strong: Yongnam's Springleaf Tower court case will come to an end with a court ruling on July 11. The impact could be either neutral in the worst case or positive in the best case. In a favourable outcome, there could be a one-off boost to net profit of up to S$18 million for FY07. Also, Yongnam's bright prospects are supported by Singapore's GDP growth momentum.

Our target price of S$0.61 remains set at 20.0 times CY08 earnings. Valuations are still reasonable against a projected 74.4 per cent FY06-09 earnings CAGR for Yongnam. Maintain 'outperform'.
 
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