Yongnam   

Yong nam

For now, I don't think Yongnam can any lower than current levels.



So the likely way it will go is up.

 

Hmmm,dun think so.....It"s report card looks good! Shd be heading north tom....Any Gurus care to comment?

 

YN moving towards $0.25 tmr??

 

Bargain hunting time .....

What was the re-rated value ?

 

Yongnam touches 29.5 cents .....

Technically, swee swee support .....

Time to squeeze the shortists ..... and raise it to 35 cents again .....

 

vol still very strong...this is a short phase of healthy consolidation due profit selling before climbing further....good potential in view of bb's growing interests and analysts' increased coverage...accumulate  

 

YN starting to make correction??? Today down to $0.32. Will see more correction??

 

expect steel-related play this week...yn will climb further...tp of 0.38 by end of the week

 

excellent tread, sure to be a multi baggers. just buy as much as you can b4 the BB get more....

 

Yes, a trailing stop is a must for profits and investment protection and it would do readers here, well, to diligently apply it.



Yongnam is a different animal now. Next week or so they are expected to release their results which imo is a non event as the market is forward looking, to at least 6 to 12 months or more, and not backwards.



The sale by UOB is nothing out of the ordinary. Their substantial holdings stem from debt turned equity and as per last SGX ann this has reduced to less than 5% (hence no more SSH), the actual being 4.87% or 50 million shares, still to be sold. And they have to sell, as their parcel stems not from investment but from debt turned equity. But there are no shortage of interested parties, as they look forward, and these are the likes of JF Asset management, JP Morgan and etc etc ... WHY?



YN currently has 58,000 tonnes of steel struts and structural steel sitting in it's yards (20 football fields size) and would by year end increased to maybe 80,000 tonnes and at $1500 per tonne ..you go calculate... and as it stands, YN is the only player here with the capability and capacity to handle this demand for steel struts and structural steel.



In the next 1 to 4 years you have the 2 IR projects, Changi Terminal 1 upgrade, Orchard Turn, Ocean Building, Kallang Sports Hub and etc etc ... you guess into whose order books this will turn up in ...., besides overseas projects like, in the Middle East ... soo my take is that it is not Euphoria for the rise from 2 to 3 cts to today's price of about 33 cts and imo, more interest will come and early birds will do well. some broking houses peg this to be in the 40+ cents region and it may even surpass this int he next 12 to 36 months and at 40 cts we talking about a market cap of abt above S$400 million....



GGOD LUCK folks, if you have been following YN and this is not an attempt to induce you to buy or sell but describing it as it is, as i see that there are many new investors here, many pbly students and this is a great site for it's free Charting service BUT as i read in another thread some don't even know what mkt cap is or even how to calculate PE. We need more "veterans" here to come out and contribute, so that we can level the playing field and make some pocket money.

 

There's really no hard and fast rules as to when to get out. Probably, the best thing to do is to get out when you are still comfortable.

In this regard, the "trailing stop-loss" tactic is a gem of a tool. Get out when that stop is touched.

If wrong, simply step back in (just a matter of a couple of clicks).

Thus, trading becomes fun.

 

Read report UOB reduced its stake in Yongnam from 6.79% to 4.87% open mkt sales, JPMorgan incr direct stake in co. from 8.79% to 9.56% open mkt purchase. Where do we go from here? Who do we believe? I guess if u made enough u get out, let some others cradle the baby. Not vested yet.

 

High risk, high returns........just make sure you are ready to grab a chair when the music stops. 

 

When a stock is hot, it takes on a 'personality' of it's own... a separate independent entity, as it were.

And this entity knows no boundaries when it is bidded up to the sky. It will only reflect reality when result time is near... only then will the results have any effect on the character of the entity..

 

From 3 cents to the present 33 cents in such a short time.

Do you expect the company earnings to increase by ten-fold within a short frame of time? Think about it

 

why is it that YN is losing steam??

 

JF Asset bought 37,871,000 YONGNAM shares,

raising holding to 90.34 mln shares.YONGNAM shares,

raising holding to 90.34 mln shares.

 

yea .. Ah yong keep moving !!

 

yeah...tp 0.40 by end feb still remain...best performing stock in my portfolio terms of ROI thus far :)

 

35 cts will clear ...question is when? momentum is very strong..all technical indicators also strong, candles all within trend line