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samloh28 Member	03-Jan-2010 15:00        samloh28 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yongnam has already substantially completed their project in Dubai, hence no issue.  Yongnam is likely to report record profits for year 2009, with the substantial completion of Marina Bay Project.  With the ongoing governerment Road projects (Marina Coastal Expressway) and Rail Projects (for Downtown Line 1 & 2), Yongnam will stand to benefit from the awarded project.  Note that Yongnam is the leader in Singapore for the steel works and temporary works for Rail project.  In terms of capacity, the nearest rival is only about 1/5 the size of Yongnam. Good luck for Yongnam investor in 2010.  Happy New Year !
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terry138 Member	21-Dec-2009 20:52        terry138 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Have confident in Yongnam ! Dubai credit problem is not an issue now. YN should be heading north in following weeks ! Good luck to those whom have vested.
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StarLine Senior	02-Dec-2009 02:01        StarLine About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 1  Alert Admin	Good for you. But I am currently, tied up at KXD.   Hulumas      ( Date: 30-Nov-2009 17:58) Posted: I have switched all my Yong Nam fund to CHINA JISHAN by today! StarLine      ( Date: 28-Nov-2009 02:35) Posted: I don't want to be the spoil sport here, but just wondering will the Dubai credit problem affect Yongnam, on payment for projects there ?
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Flyordie Veteran	30-Nov-2009 18:03        Flyordie About Contact  Quote this Post!   Mood: Yells: "Sifu, Online !!!! Sea Pek Urgent !!!!"
x 0   x 0  Alert Admin	Ho say liao!!!!
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Hulumas Supreme	30-Nov-2009 17:58        Hulumas About Contact  Quote this Post! Style: Flexible   Mood: Yells: "INVEST but not TRADE please!"
x 0   x 0  Alert Admin	I have switched all my Yong Nam fund to CHINA JISHAN by today! StarLine      ( Date: 28-Nov-2009 02:35) Posted: I don't want to be the spoil sport here, but just wondering will the Dubai credit problem affect Yongnam, on payment for projects there ?
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Flyordie Veteran	30-Nov-2009 17:47        Flyordie About Contact  Quote this Post!   Mood: Yells: "Sifu, Online !!!! Sea Pek Urgent !!!!"
x 0   x 0  Alert Admin	YONGNAM CLINCHES FOURTH CONTRACT FOR THE MARINA COASTAL EXPRESSWAY The Directors of Yongnam Holdings Limited (“Yongnam” or the “Group”), a wellestablished structural steel contractor and specialist engineering solutions provider, are pleased to announce that it has been awarded its fourth contract, valued at S$21.5 million (the “Contract”), for Singapore’s highly anticipated new expressway, the Marina Coastal Expressway (“MCE”). With this latest contract win, the Group has since secured contracts worth a total value of S$283 million for the MCE. Commented Mr Seow Soon Yong, Chief Executive Officer of Yongnam: “Yongnam’s strong brand name is now synonymous with notable infrastructural projects such as the Marina Bay Sands™ Integrated Resort (“MBS IR”), the SkyPark that will sit atop the MBS IR Hotel Towers and now, the Marina Coastal Expressway. Riding on our established and trusted track record, we will continue with our marketing efforts to fortify our leading position in the structural steelworks and specialist civil engineering industries in the region.” The dual five-lane, 5km long MCE is a strategic underground east-west transport link between three major expressways, catering to the projected increase in traffic volume generated by the high-density developments in the Marina Bay area. The MCE will be a challenging construction feat, as part of the expressway will run underneath the seabed, just 150 metres away from the Marina Barrage, which needs to be opened periodically to allow water to flow out during heavy rain. Page 2 of 3 Yongnam will support the main contractor, Samsung C&T Corporation, through the installation and removal of temporary steel strutting and waling works for the wide and deep tunnel excavation. The Contract is targeted for completion by September 2012. The Contract is not expected to have an impact on the Group’s financial performance for the financial year ending December 31, 2009. About Yongnam Holdings Ltd With over 30 years of experience in steel fabrication, Yongnam excels in adding value to steel construction. The Group’s new fabrication factory in Nusajaya, Johor, Malaysia, with an annual production capacity of 42,000 tons of steel fabrication, commenced operations in September 2008. Together with its production facilities in Singapore, which are housed at its mega-site in Tuas, the Group has a total annual production capacity of 78,000 tons of steel fabrication. The Group utilises the latest fabrication technologies and design innovation to offer solutions to its clients on a fast-track basis. Its modular strutting system continues to give the Group a strong competitive edge in meeting increasingly stringent design and project requirements in infrastructure and construction projects. Yongnam’s technical and value engineering solutions for steel fabrication and erection have resulted in increased productivity, improved yield and lower costs. The Group’s in-house pool of experienced and qualified engineers, technicians, welders, riggers, fitters and detailers are consistently adding value to its clients’ projects. Yongnam is an ISO-9001:2000, IQNet and OHSAS 18001 qualified company and accredited fabricator of the highest S1 category from the Singapore Structural Steel Society. Its Quality Management System takes a planned approach towards continuous improvement of its products, processes and services. The Group aims to be the provider of choice and partner in solutions for the steel industry.
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StarLine Senior	28-Nov-2009 02:35        StarLine About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I don't want to be the spoil sport here, but just wondering will the Dubai credit problem affect Yongnam, on payment for projects there ?
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golfgila Member	25-Nov-2009 22:52        golfgila About Contact  Quote this Post!
x 0   x 0  Alert Admin	Flyordie, Why are your pink elephants dancing? Is there good news coming ?
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Flyordie Veteran	25-Nov-2009 21:37        Flyordie About Contact  Quote this Post!   Mood: Yells: "Sifu, Online !!!! Sea Pek Urgent !!!!"
x 0   x 0  Alert Admin
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iwonder Veteran	14-Nov-2009 11:38        iwonder About Contact  Quote this Post!
x 0   x 0  Alert Admin	If you actually look at construction stocks ike Yongnam, BBR, CSC...they have been trading sideways whereas stocks that are related to construction like Tiong Woon, HL Asia on the other hand would fly. Reason being they have no control over their costs.  If for example, the price of sand or labour cost would increase, their profits would be adversely affected.
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tradersgx Veteran	14-Nov-2009 01:12        tradersgx About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Yongnam _ 3 mths ended Sep 2009 ___  Net Profit (S$M)_  $  11.24  ___ +  68%
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StarLine Senior	09-Feb-2009 23:16        StarLine About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Looks like Yongnam going up again.
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des_khor Supreme	06-Feb-2009 12:12        des_khor About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tell me who is the God or MFT from this forum??"
x 0   x 0  Alert Admin	12:11:10 0.080 5,000 Bought from Seller 12:10:21 0.080 158,000 Bought from Seller 12:10:03 0.075 35,642,000 Sold to Buyer 11:53:54 0.080 20,000 Bought from Seller 11:53:11 0.080 200,000 Bought from Seller 11:42:15 0.080 30,000 Bought from Seller 11:29:59 0.080 200,000 Bought from Seller 11:27:36 0.080 100,000 Bought from Seller 11:10:54 0.080 50,000 Bought from Seller 10:55:40 0.080 10,000 Bought from Seller 10:38:48 0.080 100,000 Bought from Seller 10:07:01 0.080 1,000,000 Bought from Seller   WOW !! huge sold down ?? something wrong ??
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jackjames Elite	05-Feb-2009 09:05        jackjames About Contact  Quote this Post!
x 0   x 0  Alert Admin	0.075 ? what happen?
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samloh28 Member	29-Jan-2009 23:44        samloh28 About Contact  Quote this Post!
x 0   x 0  Alert Admin	On a positive note, government is spending development expenditure (S$ 11.5 billion) up 19%, with major projects as follows: S$ 1.3 billion Downtown Line S$ 873 million Circle Line S$ 754 million Tuas View Extension S$ 516 million Marina Coastal Expressway S$ 270 million Reclaimation at Pulau Tekong S$ 228 million Jurong Rock Cavern Phase 1 Looks like it will be another busy year for construction firms which will benefit greatly from the government infrastructure projects coupled with lower costs...
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equator2010 Senior	24-Jan-2009 15:00        equator2010 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I'm looking beyond these projected revenue figures. In the construction industry where there is highly competitive bidding, sometimes awards are granted to the lower-cost bidders which may not have factored in unforeseen or under-estimated costs, which can add up quickly. Also, the profitability of the company hinges on the extent to which this construction company is well-managed and whether its resources could be over-stretched or attention diluted with so many projects on hand. So while this counter may seem to be basking in the good news of its many winning bids, it remains to be seen in the economic value added it will actually be able to generate.   samloh28      ( Date: 24-Jan-2009 00:09) Posted: Budget 2009 certainly spells good news for infrastructure construction works. Total up to S$ 20 billions of contracts for MRT, Roads, HDB, Hospital, Park Connectors etc to be awarded in 2009 is about S$ 5billions more than the total government contract of S$ 15 billions in 2008. Just how much S$ 5 billions are worth ?  It is approximately the amount for North-East Line MRT project. Now, with book order of more than S$ 500 million for Yongnam and it will be busy in next 3 years, with the government infrastructure works coming strongly in 2009, Yongnam will be beneficiary.  With cost coming down, there are profits to be made for Yongnam... Its price of 8.5 cents is almost 3 cents below its Net Asset Value of 11.25 cents...
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samloh28 Member	24-Jan-2009 00:09        samloh28 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Budget 2009 certainly spells good news for infrastructure construction works. Total up to S$ 20 billions of contracts for MRT, Roads, HDB, Hospital, Park Connectors etc to be awarded in 2009 is about S$ 5billions more than the total government contract of S$ 15 billions in 2008. Just how much S$ 5 billions are worth ?  It is approximately the amount for North-East Line MRT project. Now, with book order of more than S$ 500 million for Yongnam and it will be busy in next 3 years, with the government infrastructure works coming strongly in 2009, Yongnam will be beneficiary.  With cost coming down, there are profits to be made for Yongnam... Its price of 8.5 cents is almost 3 cents below its Net Asset Value of 11.25 cents...
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AK_Francis Supreme	19-Jan-2009 10:19        AK_Francis About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Happy go lucky, cheers."
x 0   x 0  Alert Admin	Tks for d indept info. However, only Q d R to acc n avg, ds morning. samloh28      ( Date: 18-Jan-2009 22:34) Posted: For the records, Yongnam secured total contract sum of S$ 297.3 million for 26 Nov 08 (IR Sands - S$23.8 million), 2 Dec 08 (integrated civic, cultural, retail & entertainment hub at one-north, S$ 88 million - completion Jan 2011) and 16 Jan 08 (Marina Coastal Expressway - S$185.5 million, completion June 2013). Book value as of 30 Sep 2008 was S$ 247.2 million.  In other words, as of today, Yongnam has about more than S$ 500 million worth of contracts at hand and will be busy for next 3 years at least. There are great advantages for Yongnam being the largest steel works contractor in Singapore, as steel prices have fallen some 40% from its peak in 3rd quarter 2008. There will be significant cost savings. Just for the records, Yongnam had completed some major projects, such as Suntec City, CTE, North-East Line MRT, KPE, and ongoing projects in ION Orchard, Dubai Metro, Marina Bay Sands, Dehli International Airport. There will likely to be more contracts to be clinched in the near future, such as massive MRT Downtown Line Projects and further contracts for Marina Coastal Expressway and possibly in Middle East (Abu Dhabi). With government embarking on major infrastructural projects, Yongnam is poised to tap into the projects. The main difference is that the price now is 9.5 cents as compared to 40 cents in past 1 year and the steel prices are much lower. And profits should be higher ? And share price should match the profits soon...
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samloh28 Member	18-Jan-2009 22:34        samloh28 About Contact  Quote this Post!
x 0   x 0  Alert Admin	For the records, Yongnam secured total contract sum of S$ 297.3 million for 26 Nov 08 (IR Sands - S$23.8 million), 2 Dec 08 (integrated civic, cultural, retail & entertainment hub at one-north, S$ 88 million - completion Jan 2011) and 16 Jan 08 (Marina Coastal Expressway - S$185.5 million, completion June 2013). Book value as of 30 Sep 2008 was S$ 247.2 million.  In other words, as of today, Yongnam has about more than S$ 500 million worth of contracts at hand and will be busy for next 3 years at least. There are great advantages for Yongnam being the largest steel works contractor in Singapore, as steel prices have fallen some 40% from its peak in 3rd quarter 2008. There will be significant cost savings. Just for the records, Yongnam had completed some major projects, such as Suntec City, CTE, North-East Line MRT, KPE, and ongoing projects in ION Orchard, Dubai Metro, Marina Bay Sands, Dehli International Airport. There will likely to be more contracts to be clinched in the near future, such as massive MRT Downtown Line Projects and further contracts for Marina Coastal Expressway and possibly in Middle East (Abu Dhabi). With government embarking on major infrastructural projects, Yongnam is poised to tap into the projects. The main difference is that the price now is 9.5 cents as compared to 40 cents in past 1 year and the steel prices are much lower. And profits should be higher ? And share price should match the profits soon...
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AK_Francis Supreme	18-Jan-2009 00:55        AK_Francis About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Happy go lucky, cheers."
x 0   x 0  Alert Admin	ayoh, hd cleared all my 40lots at 10.5 cts in last yr liao. But still holding the R. samloh28      ( Date: 16-Jan-2009 23:40) Posted: After market closed today, Yongnam announced its biggest single contract awarded to date : S$ 185 million for Marina Coastal Expressway Project. Plus the earlier 2 major contracts won in Nov and Dec 2008, Yongnam now won total S$ 297 million in these recent 3 months.  The bag of contract is full for next 3 years.  Plus the potential contracts in Abu Dhabi (which is embarking on major S$ 30 billion construction) and Downtown Line projects, Yongnam is likely to get more contracts.  From past records, in upturn of economy, stocks will advance about 6 mths ahead of economy.  And in stocks, normally the blue chips will move up first, followed by the penny stocks.  With eps of about 2.7 cents, assuming 20% growth, the stock should be worth 20 x 2.7 cents = 54 cents. Note that its NAV is 11.25 cents. And normally, the increase in profits for penny stocks are much higher.  Good luck !
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