Yongnam   

Yong nam

 

If Yong Nam + Guthrie

this combination can create synergies ?

Become " dragon" in Asia ?

 

 

 

 

Yong Nam 's seem not having any grand expansion vision

What is YongNam's business strategy to expand or diversify or vertical integrate or Horizontal integrate

in the next 12mths or 24mths or 36mths ?

If it is able to raise some capital from its warrant shares issue by end of 2012, what grand vision it has ?

Even Popular holdings , SPH diversified in property developement,  would Yong Nam consider something ?'

 

http://singaporetrader.wordpress.com/2012/05/14/yonggnam-expect-earnings-to-pick-up-in-2h/

 

not sure abt tiong seng but a friend who knows YN directors personally say this is a positive small cap. always good to enter every time it is around 23-24.

 

tiong seng vs yongnam..

Who will win??

 

ya any news on the insider trading check on the chairperson or ceo?

 

YONGNAM REPORTS S$11.4 MILLION IN NET PROFIT FOR 1QFY2012
- Group revenue down 10.1% year-on-year on lower revenue contribution
from Structural Steelworks segment
o Structural Steelworks: Down 44.9% to S$23.8 million due to the
completion of higher-margin projects in FY2011 and delays in
projects’ start-ups in 1QFY2012
o Specialist Civil Engineering: Up 37.8% to S$43.5 million with
strong contribution from Marina Coastal Expressway and
MRT/MTR projects in Singapore and Hong Kong
- Gross profit margin of 29.3% in 1QFY2012
- Net gearing lowered from 0.30 times to 0.28 times
- Group secured contracts worth a total of S$74.3 million in 1QFY2012
- Strong order book of S$469 million as at March 31, 2012
========================================================

I like the Gross Margin of 29.3%.  Shows that they must have some advantage over their competitors!

Remarks:  Vested.

infoshare      ( Date: 21-Apr-2012 13:39) Posted: Did any analysts ask the CEO about when the case would come to a closure and then he can move on ? so far  , seems operations as usual and company continue to win projects Which projects they are bidding next would be interesting gavinl      ( Date: 03-Apr-2012 12:08) Posted: I think will only wake up[i think only] once the CD date announced.

 

Did any analysts ask the CEO about when the case would come to a closure

and then he can move on ?

so far  , seems operations as usual and company continue to win projects

Which projects they are bidding next would be interesting

gavinl      ( Date: 03-Apr-2012 12:08) Posted: I think will only wake up[i think only] once the CD date announced. doldoves      ( Date: 03-Apr-2012 12:04) Posted: Sleep beauty... quick wakie wakie....time to wakie and fly high high lo...

 

I think will only wake up[i think only] once the CD date announced.

doldoves      ( Date: 03-Apr-2012 12:04) Posted: Sleep beauty... quick wakie wakie....time to wakie and fly high high lo...

 

Sleep beauty... quick wakie wakie....time to wakie and fly high high lo...

 

UOBKayhian on YongNam

  http://sgxreports.blogspot.com/2012/03/yongnam-holdings.html 

 

YONGNAM: Analysts give it thumbs up but stock is stuck

 

I think there is a general consensus that Yongnam's problem in stagnant price is due to its warrants and share options, which should be almost fully exercised making the share dilution not insignificant.

The company has almost 365 million warrants outstanding which expires on end of this year (14 Dec) at an exercise price of 25 cents, and there are  86 million employee share options that are not exercised, of which 2/3 are  at exercise price way below current price.  This is quite a huge overhang.  So Yongnam needs to demonstrate strong EPS and growth factoring in these new shares.  Question is when the market believes it is truly undervalued and start biting seriously.  At least by analysts' consensus, most have a TP > 40 cents.

Remarks: Not vested.

 

Yongnam: Secured 3 contracts worth $52.1m. The first is a specialist civil engineering contract for the MRT Downtown Line 3 for Upper Changi Station due for completion in 2015.

Co will also provide the fabrication of jack casing structures for six ship sets of offshore structures to Jurong Integrated Structure from mid July 2012 to early Aug 2013. The 3rd contract is for structural steelworks for a 9-storey business park development located at Portsdown Road/Fusionopolis Way. Orderbook as of last results date was approx $462m.

Citi maintains Buy on Yongnam with TP$0.31 and highlights downside risk of potentially dilutive impace from 365m outstanding warrants (exercise price of $0.25 with 30% of share base). Notes that fabrication of jack casing for Jurong Integrated Structure will aid co in extending ambitions into the offshore segment over mid to long term.

 

Patience.... m waiting patiently....

 

Yongnam’s full-year earnings up 16.5% to $63.4m

Tags: Yongnam Holdings

Written by The Edge

Wednesday, 29 February 2012 14:32

Yongnam Holdings says net earnings for the fiscal year ended Dec 31, 2011 rose 16.5% to $63.38 million from $54.40 million last year. Revenue fell 0.7% $332.72 million. Higher margin specialist civil engineering projects helped boost its gross profit 8.2% higher to $103.6 million while gross margin improved to 31.1% from 28.6%. Yongnam’s order book remained strong at $462 million. A first and final dividend of one cent per share has been proposed.

 

My humble view is this CAD probe should be a non-event.  At worst, it is personal to Mr. Seow and at best it will come and go after investigation results.  What is more important is the coming quarterly earnings report and corporate guidance on outlook.  I would say most investors and analysts are expecting somewhat good results and robust outlook.  We are seeing analysts TPs that ranges from 36 cents to 42 cents.  Retail investors need to ascertain if they give this one a pass or this is an opportunity to buy on dip.

Remarks : I take the latter view and am vested. Sharing. Not enticement for anyone to buy.

 

 

Yongnam: CEO under CAD probe. Yongnam CEO Seow Soon Yong is being investigated by the Commercial
Affairs Department (CAD) for a possible breaking of the securities law linked to insider trading. Mr Seow disputes the
allegation by CAD and has indicated that he will cooperate fully with CAD in its investigation. (Source: The Business
Times)

 

Just added more meat to this counter. Buy on DIP

doldoves      ( Date: 15-Feb-2012 16:04) Posted: This elephant is very laggy... after taking a step back... still sitting down.. EdwardLiu      ( Date: 09-Feb-2012 16:40) Posted: This is an elephant walking. No turbo. Glad at least it finally started to walk

 

This elephant is very laggy... after taking a step back... still sitting down..

EdwardLiu      ( Date: 09-Feb-2012 16:40) Posted: This is an elephant walking. No turbo. Glad at least it finally started to walk. seanpent      ( Date: 09-Feb-2012 10:13) Posted: still standing in positive territory ... only awaiting to engage a turbo gear to launch rocket ?