Yongnam   

Yong nam

hahaha....yn broke thru 0.30 as expected...now heading towards next break at 0.34 by next Fri and towards 0.40 by end Feb...fat ang bao this CNY...shiok shiok

 

Economic outlook for 2007 is positive: Tharman

"Construction sector is set to expand even further, with 17 to 19 billion dollars worth of contracts expected to be awarded in 2007," said Mr Tharman.

 

yeah right. now then they realise. those researchers got no foresight at all last yr.

 

BROKER CALL - Singapore's Yongnam assigned 'outperform' rating - CIMB-GK

SINGAPORE (XFN-ASIA) - CIMB-GK Research says it has started covering the
stock of construction firm Yongnam Holdings Ltd with a "buy" rating and a
target price of 0.41 sgd per share, saying the company is a good proxy to
the construction boom. Yongnam is the largest provider of structural steel
works here and is well positioned to benefit from the upturn in the
construction industry, CIMB-GK said.

"Potential contracts to be awarded as a result of major construction
projects in the pipeline are estimated to be worth 887 mln sgd for
structural steel works and 192 mln sgd for strutting systems. Contracts
from both segments would easily sustain Yongnam over the next three years
as these projects stretch into 2008," the brokerage house said.

Construction activity is booming here because a rise in demand for high-end
residential property and investments in new shopping malls and two casino
resorts. CIMB-GK expects Yongnam's net profit to have risen to 5.1 mln sgd
last year from 600,000 sgd in 2005, and to rise to 17.8 mln sgd this year
and 25.7 mln sgd next year. At 2.55 pm, Yongnam was up 0.03 sgd or 10.91
pct at 0.305 sgd, with 100.05 mln shares having changed hands.

 

this kind of under dog stock is hard  to find.....
just wonder how many peoples who can still hold it if they bought it at 0.01 till now?

Indeed I was watching it from 0.01... day by day....it inch up...
amazing!!!!! but I never dare to jump into this boat

 

Dear member/sifu/des_khor

what do you think of Digiland  ranging from  $0.01 - $0.015??? Maybe worth to load and keep  ..... hopefully it will follow Yongnam or Sapphire

des_khor  -  you may wish to try your luck on Digiland..... disclaimer hoh

 

can't believe this stock from 0.01 low shoot up all the way now 0.30 !!!whoever bought @ 0.01 -0.02 now must laught all the way to bank liao....now better target those counter still trade at few cent one who know one day like another yongnom ? just try my luck.....

 

SINGAPORE, Feb 13 (Reuters) - Singapore's Straits Times Index <.STI> rose 1.02 percent to 3,181.36 points at 0310 GMT.

Stocks and factors to watch:

Yongnam Holdings (YNAM.SI: Quote, Profile , Research), a construction and engineering firm, rose 9.1 percent to S$0.30 -- their highest level since September 2001 -- after stock broker CIMB initiated its coverage with an "outperform" rating and a target price of S$0.41.

As the biggest structural steelworks provider in Singapore, Yongnam can undertake large-scale projects and is set to benefit from the construction upturn in Singapore, CIMB analyst Glenford Tan said in a client note.



The stock also profited from market talk that the construction contracts for Singapore's first casino project would be awarded this week, a dealer at Kim Eng Securities said. Yongnam was one of the most actively traded counters in the broader market with some 42 million shares changing hands.

 

you may move to warrant for this counter as the warrant is till '09

 

Yongnam Holdings - Initiating coverage - Strutting with confidence

Yongnam is a leading structural steelworks and strutting systems provider. We believe it

offers good exposure to the booming construction sector in Singapore because: 1.) it has

the largest steel fabricating facility in Singapore and 2.) it sits on 58k tonnes of well

depreciated steel struts. Our target price is set at S$0.41 based on an 25x CY07 P/E

(median of both the sector?s and its own one year historical P/E band). With an expected

FY06-09 EPS CAGR of 54% (331% for FY05-08) we believe this multiple to be reasonable.

The group is facing projects worth more than S$1bn that can be potentially awarded

to it in the next two years. These will form the catalysts for Yongnam

 

Well, I am targeting to exit at 0.45 to 0.49, by July 31 2007.

 

Hi all,

I am targeting $0.34 to $0.35 to exit.  Do you think this price is too greedy?

What do you think ... ?

Cheers.

 

the sand ban has in fact brought about a catalyst for yn as govt encourages developer and construction companies to switch to alternative materials including steel structures...yn's key forte....momentum expected to continue....any profit-taking would provide good opportunity for one to enter at 0.25 

 

Much better than expected.... heading towards next break at 0.30 by cny...gd luck

 

WOW, it's a GREAT day for YongNam, it ended at 0.275, with a high vol of 152,977,000 shares traded. It reach a high of 0.28 in the day also. Cheers, Up, Up, Up, and away.



Wishing All A Joyful and Prosperous Lunar New Year!!!!!!!!! !!!!!!!

 

WATCH THE COOL VOLUME..... TAKE OFF BY THIS WEEK

 

more to come ... tp b4 mkt closes this wk is $0.27

 

It finally moved... closed at 0.245...

 

Big Funds are buying into this counter at .22c-check out the SGX annou. this week. Cheers

 

Several mega blocks exchanged in past days....expect some upside next week