Yongnam   

Yong nam

Yongname already broke of 36 ?

 

Impulsive wave on the way ?

 

 

 

Foreign brokerage says there are enough contracts to go around for specialist contractors.

 

What says you guys, huh ?

 

DJ MARKET TALK: STI Off 0.7%,3475 Floor; Pullback Healthy-Dealer

0620 GMT [Dow Jones] STI off 0.7% at 3501.04 on thin volume; pullback viewed as healthy, "the index is not slipping much below 3500, which shows investors are still confident it has room to appreciate further," says dealer at foreign house; week low close at 3475 offers support. Tips further consolidation next week, although says much will depend on U.S., regional leads as there's likely to be drought of corporate newsflow now earnings season has ended. Value of shares traded just S$935 million vs S$2.1 billion for all of yesterday; gainers trail losers 280 to 341 on broader market. Construction stocks CSC (C06.SG), Yongnam (Y02.SG) amongst most active, on hopes of new casino piling contracts.(JEM)

 

DJ MARKET TALK:Construction Stks Dominate Volumes;Contract Hopes

0646 GMT [Dow Jones] Construction stocks such as CSC (C06.SG), Yongnam (Y02.SG), BBR (562.SG) among most traded stocks on SGX, buoyed by hopes of casino, marina resort contract wins. Dealing director at foreign brokerage says there are enough projects to go on for all specialist contractors; says key will be meeting tight delivery dates; expects contracts to be announced very soon. CSC +8.1% at S$0.335 before trading halt, still most actively traded stock on SGX; Yongnam +4.3% at S$0.365, third most actively traded; BBR +3.6% at S$0.145, crane operator Tiong Woon (T06.SG) +4.0% at S$0.655.(JEM)

 

Let's see if we will have a BB who later swallow up at one go all the sell queues at 36.5 cents.

 

Breaking out is imminent.

 

Both Yongnam and CSC set to break out into new highs ......

 

Does anyone think that Yongnam and CSC can achieve the price level achieved by Chip Eng Seng ?

 

Looks like it is going to be a GOLDEN HARVEST YEAR for construction companies.

 

One thing I like about our government is that they take care of everyone ..... a "win-win" government .....

 

Bravo ..... more good stuff from the IR on the way ..... :-)

 

If CSC could have won contracts in what it is it's line of specialty like piling works ..... it is also possible that Yongnam may have the chance to win contracts in structural steelwork, specialist civil engineering and mechanical engineering.

 

Stay tune to more upcoming potential announcements in the pipeline ?

 

The IR is such a gigantic project.

 

There will be businesses/contracts for many many.

 

Any announcement (if any) of contracts given is only just the beginning of more to come.

 

It is possible that Yongnam may also get a bite of the cherry too.

 

So time to be forward looking and accumulate before Yongnam hit jackpot down the road.

 

Think there could be something good on the way for Yongnam too. 

 

Is it about the Springleaf Tower again ? I thought the court ruled against UOB... please advise more. Also, what is the worst case scenario and the best case scenario ?

 

 

 

pilipala,

 

If you read carefully, there is a mention of the suit against YN by UOB.  Although it's not in full details, but it did state the commencement of date for the next hearing.

 

With a PEG ratio of 0.3X, I think this stock can go all the way to $0.70 easily. But beware the overheated China market. Buy what you can hold.

 

Anyone knows when the Downtown MRT contracts will be given out?

 

Yo l_tan888,

the link you have given is about the private placement... but still thanks for your reply ...

 

The SJ's link seems to be not working.  Alternatively, cut & paste the under-mentioned:

http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/3AC5323AEEC7A63F482572DB00239F25/$File/OIS.pdf