Yongnam   

Yong nam

A LITTLE MORE PATIENCE, just wait and you will be rewarded.....

 

I hope so ... 

 

Vol picking up strongly....ready for next climb?

 

That's a good idea... time is just about ripe...

 

Dear Readers,



Have you ever thought of switching to Lum Chang, Unifiber etc........

 

Waiting for rotational play here....hopefully not too long

 

dun't worry...me too holding on well...shud see some rise next week due IR project moving liao...

 

I'm still holding ... getting tired ... but still holding on ... 

 

still high volume , any idea hold  or sell?

 

Hi theresa, if you can see, the selling is well absorbed with high vol. This i believe is an indicator that accumulation is taking place and the price will move again when there is another round of buying. I am a TA nut, so you may want our cashiertan or Singal to advise you. I am trading out of my own experience. Cheersz!!

 

from BT,

Barriers to entry into this business are high, especially in struttings. In Yongnam's case, it invested in these assets in the early part of this decade, and at prices which were 40 per cent below the current steel prices.

As it stands, Yongnam appears to be the only player here with the capacity and capability to handle this growing demand for structural steel and struttings required by the emerging infrastructure boom.

Analysts see the company's orderbook swelling to over $250 million a year over the next three to five years as projects like Orchard Turn, the upgrade of Changi's Terminal 1, the two IR projects, the Kallang Sports Hub Stadium, and the new Ocean Building take off.

Yongnam recently did a new share placement to raise $19 million, much of which will go towards reducing borrowings and building up its steel assets.

In a business notorious for its ''feast-and-famine' cycle, Yongnam looks set to enjoy one very big and extended party as it sits pretty in an industry sweet spot.

 

 

good vol. uptrend still intact.

 

Yongnam has gone up a lot.  Now, it is at the highest.  Is there still room to go up more?

FA & TA experts, pls give some tips on this counter.

Thank you

 

Hi HelenGoh

Many thanks for this bit of info.  Am vested for the second time. But a friend was quite worried for me as, according to him, BBR is pretty speculative.

 

BBR is a better buy.  It has a solid confirmed book order of  close to

SGD300million, not counting their property foray and their regional business activities in 32 countries. 

Just ride along, no regrets. 

 

they are in different sectors of const industry.

Yong Nam - structural steel work, like the H-Beam and Angle bar

BBR - prestressing and concrete structure work

Lum Chang - Roads, like the caollapse Nicholl Highway and high rise buildings

CSC - piling work

 

top vol again!

 

Just wonder why yongnam very hot on thursday, but dissapear in Top Actives on Friday... really unpredictable... any ideas what would it be on monday? 

 

Ya, forgot about Lum Chang , one of the pioneers! L&M is the other but i think no more liao rite?