Yongnam   

Yong nam

Capitaland in positive mode. 

 

Are the big funds back ?  Today's volume quite respectable.

 

Cheong ah .....

 

Hope today Yongnam and Lian Beng cheong to the moon.

 

Another 3,000,000 please ..... and please take it from the 25.5 cents queue .....

 

Yongnam so strong ..... 3,000,000 at one go .....



Time for Lian Beng to catch up .....

 

This one can have a good squeezing job.

 

Yongnam is the darling of the construction sector.



Lian Beng is the next closest darling.

 

Still got an hour of trading left for today...hopfully the buying strength cold push it further to 28.5cts b4 surpass the 30cts mark again...Reference to the 41cts analyst target, it still has a 'road' to go...

Cheong ARhhhh.............

 

Not to say that...buying and selling should come hand-in-hand...only to buy higher, then sell higher and then the price will go up higher...Hehee...

 

You will sell when it goe to 0.285 ?

 

Back to 28.5cts atleast...

Cheong Cheong Cheong.......

 

Cheong ah

 

Indeed, construction stocks had been slowly and badly battered for these couple of weeks...As there's no one way up but also no one way down too...there's a stop and U-turn to resume the 'journey'...Correction has been seen healthy for this meltdown as 'NOTHING HAS BEEN CHANGED FOR THE LOCAL ECONOMY'...The normal returns journey will be longer...Think we are going to see the analyst target price of 41cts soon....

 

Right from the first day of the sand ban, optimism and confidence (that it is not a serious issue) has been  evident .

But see how much the construction counters have fallen slowly, slowly, over period of many weeks,  right in the face of such optimism?

TA, rightly used, never lies.

 

Sand Ban issue by the indoneasia could just be temporary...Believe both the country officials are in discussion to resolve it...Well, Who would not want to earn more money??...Sand to indoneasia is in excess and no export means no income for them!!!...Singapore development would not be obstructed too...Soon, there will be 'Hand Shake' and business as usual...

p.s : Personal opinion and believe in YN boom...41cts could just be the first rating and re-rating to come with a much higher price....Cheers...

 

 

ban on sand and granite may affect yongnam and worst if they got the IR project.

 

Yes, i fully agreed. Justed vested @0.24, 0.245 abd hope the market will return to normal. A potential earning company riding on the  property launches and IRs contract. Gd luck.

 

My view is that the selldown is overly impulsive.



Even sliding down must be in an orderly manner.  So, time for the market to return to it's senses ..... e.g. Yongnam got a 41 cts rating by analysts, so at this current level not sensible .....

 

YN had been press down for the past few days...Analyst target $0.41...At the current price looks very attractive...buy more and slowly accumulate...