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Yong nam
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samloh28
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16-Jan-2009 23:40
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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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samloh28
Member |
14-Dec-2008 21:38
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As Yongnam has lots of potential for upside, the purpose of the various posts are to create awareness to the retail investors to look for bargain in Yongnam and hope for good returns. Imagine the future projects of new Hospital, Sportshub, infrastructure projects etc which will inevitably boost the construction sectors, now that the export is all but dead, in view of the recesssion in USA and Europe. The only way to boost the flagging economy is via internal stimualation of the infrastructure and construction projects. USA, China, Japan, South Korea and Singapore are all doing these. If construction sector moves, Yongnam will move in leaps and bounds, just like in Dec 2006... | ||
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DanielXX
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13-Dec-2008 12:32
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If the stock is good, it will go up. No need to keep trying to talk it up. | ||
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samloh28
Member |
13-Dec-2008 12:30
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In Straits Times today, the government highlighted that S$ 4.7 billions worth of construction project will go ahead, to boost the economy. It certainly spelt good news for the construction sector. Just how much is S$ 4.7 billion? An indication is the total cost for North-east Line MRT project, which was successfully completed in 2003. Now, in Dec 2008, is reminiscent of the situation just 2 years ago, i.e. Dec 2006, when the construction sector was beginning to pick up and cost base is about the same. Yongnam's stocks then is less than 10 cents. If history repeats itself, there will be run-up in Yongnam's price in the next 6 months to a year. However, this time is different as Yongnam has its bag full of contracts for 2009 to Jan 2011. With the additional boost from government to go ahead with the construction push, Yongnam will certainly be one beneficiary of the economy. Its P/E ratio was previously 45 approx. Now, assuming only P/E ratio of only 20, its price should be 54 cents. Another point to note is that if USA is out of recession by mid 2009 (it was already in recession since Dec 2007), there will be further boost to the stocks and economy world-wide. Reiterate that you must have patience for penny stocks like Yongnam. Its potential gain can be several folds... But must wait at least 6 months to 1 year... |
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samloh28
Member |
11-Dec-2008 20:12
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Yongnam is involved in today's ST one north integrated hub. There will be future phases and the whole project to be completed by 2020. Strong vol and buying interests will push Yongnam up. Prospects will be better now with lower steel prices and confirmed job in hand will keep Yongnam busy for next 2 years. Note that Directors bought their shares at 10 to 11 cents. For P/E ratio to go up to 20, fair price will be 54 cents... But need to wait for 6 mths to 1 year. It will not happen overnight. Just need to invest now and be patient for next 1 year... | ||
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samloh28
Member |
10-Dec-2008 21:44
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Yongnam is into its 2nd gear now, going into full gear i.e. 3rd gear now. If you look at the previous rally in 1993, normally the blue chips will start to move first, followed later by the penny stocks. In the recent end 2006 to 2007 rally, the blue chips move first, went up in value by 10 to 20%. When there is bull run, the penny stocks will shoot up, albeit in even greater percentage, 50% to 100%. It happenned for Yongnam, Lian Beng, Chip ES etc, shooting up from 3 cents to 50 cents in the case of Yongnam, ChipES up from 35 cents to $ 1.05. This time round, the bet is on Yongnam for its structural steel dominance and upcoming transport projects (Marina Coastal Expressway, Downtown Line 1, 2) and not forgetting the remaining 1 year of project in Marina Bay Sands and the most recent one-north integrated hub S$ 88 million. With projects secured in 2006 and 2007 get good price, the delivery in 2008 and 2009, with drop in steel price will benefit Yongnam tremendously. Remember that Yongnam is the market leader in structural steel fabricator and erector. The nearest rival is only 1/5 its size. Its previous completed projects include Suntec City, Fusionpolis, and various Circle Line stations. Its P/E ratio is less than 3. Technically, USA already started recession since Dec 2007. Now, it is in recession for 1 year. According to expert analysis, it is likely to bottom up after 18 months, i.e. its low will be in mid 2009. And normally share price will lag the economy by 6 months, i.e. with strong volume and good bargain hunting, it may jolly well that Yongnam will become big winner. Note that its Net Asset Value is 11.25 cents and its current price is 9 cents, below its NAV. |
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AK_Francis
Supreme |
28-Nov-2008 12:25
Yells: "Happy go lucky, cheers." |
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ha ha, AK didn't make leh, cleared it at 10.5 cts on panic selling. But still hold its warrant, right issue ones. Yes, will consider to acc the mother again. CA applies.
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cashiertan
Elite |
27-Nov-2008 22:47
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Yongnam, it make one of my friend very rich when he brought it at 3c and sold at 21c. | ||
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samloh28
Member |
27-Nov-2008 22:35
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Yongnam has one of highest potential to shoot up when market recovers. Check out the following facts in Yongnam's 3QFY2008 financial analysis: a. Net Asset Value per share : 11.25 cents, as compared to price of 7 cents now. Low debt-to-equity of 0.69 as of end Sep 2008. b. Earnings per share 2.03 cents for 9 mths; assuming conservative same EPS for next 3 mths, it will mean 2.7 cents for 12 mths. Note that construction activities will continue to boom in next 12 years, with the government transport projects totalling S$ 54 billion. Now, with steel price coming down by say, 30%, it will boost the bottom line by 30%. Note that Yongnam is largest steel fabricator & erector in Singapore. The nearest competitor is only 1/5 of its capacity. c. From history in the past, to check the fair value of share, it is EPS x 20, for 20% growth rate and EPS x 30 for 30% growth rate. It happened before for Venture Corp. Now, assuming conservative 20% growth rate, the fair value could be 2.7 x 20 = 54 cents. d. Yongnam just announced that it clinched S$ 23 million for its 7th consecutive IR Marina Sands contract and is on schedule. e. With Marina Bay and Downtown Line construction projects ongoing for next few months to be awarded, Yongnam is poised to clinch more contracts. The lower material prices, especially of steel pirce will be excellent for Yongnam to enhance its profits. In fact, the outlook is that Yongnam has not been adversely affected as work has been proceeding as usual for is local and regional projects. |
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L.....
Veteran |
29-Oct-2008 23:03
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waiting to get in a 2c |
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HLJHLJ
Veteran |
15-Jul-2008 00:18
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TA MA crossover not merging yet. Will wait for it to merge first
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yipyip
Master |
14-Jul-2008 23:49
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New low (52wk Range) for Yongnam.. #_# $0.15 .. bottom yet? Any TA view? | ||
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rikkyyee
Member |
06-Jun-2008 12:27
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Too bad not body interested yet, but i think there are big boy acummulating for past 3 months and solid base is formed between 0.22 and 0.23. Only after BB decided to push above 0.24, then we may see some good movement. If you can hold and wait, the risk is quit low and expected more good news to come. But it may take another 2 to 3 months for BB to take action. |
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AK_Francis
Supreme |
06-Jun-2008 11:32
Yells: "Happy go lucky, cheers." |
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this burger seems no strength leh, sian leh, though support it with mothers and warrants when GentInt got tender in IR. | ||
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ghlau935
Veteran |
06-Jun-2008 08:00
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DJ Yongnam Gets S$83.35M Contracts For Singapore Casino Resort
(MORE TO FOLLOW) Dow Jones Newswires June 05, 2008 19:07 ET (23:07 GMT) DJ Yongnam Gets S$83.35M In Singapore Construction Contracts
SINGAPORE (Dow Jones)--Yongnam Holdings Ltd. (Y02.SG) said Friday it has secured two contracts worth S$83.35 million for construction work at a Singapore casino-resort. The steel contractor now has contracts valued at S$260 million for construction projects at Marina Bay Sands, it said in a statement.
-By John Jannarone, Dow Jones Newswires; 65 6415 4153; john.jannarone@dowjones.com |
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AK_Francis
Supreme |
20-May-2008 02:20
Yells: "Happy go lucky, cheers." |
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Big wok, my principal is 0.417, counted off its 3 cts' warrant. Like that ah, wait long long leow. |
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zhuge_liang
Supreme |
19-May-2008 20:16
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CIMB have reduced their forecasts for FY08-09 by 13-15% but raised FY10 forecast by 15.3% to reflect improved gross margins but higher SGA expenses, as well as pushing back some projects that have not yet been awarded. On an unchanged basis of 12x CY09 P/E, they derive a lower target price of $0.35 (from $0.42). | ||
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zhuge_liang
Supreme |
19-May-2008 20:14
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1Q08 net profit of $6.0m was within market expectations but 12% below CIMB's forecast, forming 20% and 17% of the respective annualised estimates. The variance came from differences in gross margins and operating expenses. |
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zhuge_liang
Supreme |
19-May-2008 20:10
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Yongnam benefited from the increased infrastructural and construction activities in Singapore and the Middle East, recording a significant improvement of 56.1% in Group revenue to $47.4 m in 1Q FY2008, compared to $30.4m in 1Q FY2007. Key growth driver, Structural Steelworks grew 2.5x, registering an increase in revenue of 156.6% to $44.4 m (1Q FY2007: $17.3 m). This strong performance is mainly attributable to increased activities from projects such as Orchard Turn, Marina Bay Sands Integrated Resort, Formula One and the Dubai Metro Rail. Specialist Civil Engineering decreased by 77.2% to $3.1 m in 1Q FY2008, compared to $13.6 m in 1Q FY2007 which recorded a higher level of activities in the Circle Line projects. Gross profit climbed 109.9% from $6.1 m in Q1 FY2007 to $12.8 m in 1Q FY2008, arising from higher revenue and improved margins. Correspondingly, profit after tax increased almost four-fold , from $1.621 m to $5.959m. |
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AK_Francis
Supreme |
17-May-2008 02:22
Yells: "Happy go lucky, cheers." |
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AK agreed, jangan tension loh, relax lah. If it can go to rebuild Myanmar and Shichuan loh, big market sian. | ||
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