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Trade as your believe... For me, I buy for the shoot up soon....
Last Aug, there was sudden shot up in price.
It seems that nothing is stopping it from going down either.
Isolator ( Date: 25-Jul-2011 10:16) Posted:
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Buy and hold on tightly.... Nothing going to stop it going up....
How do you get all this infor Sam
samloh28 ( Date: 22-Jul-2011 13:27) Posted:
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watch yongnam
very good write up in this week's edge. current profit 18mil, this full yr will be 60mil, next yr 62mil said CIMB......isolator, your dream comes true
TA is looking very positive now . RSI,Stochastic , MACD all pointing upwards...This time could be for real going to test 29 - 30 cents...
Very steady..... This is a good sign...
Most of the counter bull maybe fake... But I am sure this YN Bull is very real.... it will hit above 30ct....
Thanks! Same to you too! I think may have new contracts announcemnt soon..
Isolator ( Date: 22-Jul-2011 14:40) Posted:
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Congrate to you in advance.... lol
Bought some. Hope to make some profit..
Isolator ( Date: 22-Jul-2011 14:32) Posted:
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Just by my crystal ball screen, the bull in YN is getting bigger confirming by today volume.....
Dear Yongnam investors, please quickly go to established bookstore to grab a copy of the Edge Edition 482 (week 25 July to 31 July 2011), which I just saw a full page article interview with CEO Seow Soon Yong. Very positive news indeed. Salient summary as follows:
1. Yongnam further clinched S$12 million of Hong Kong projects which were not reported as the packaging is not big. Total value clinched todate is S$69 million and tendering for S$350 million worth of projects in Hong Kong.
2. As at 31 March 2011, Yongnam's order book stood at S$410 million. About 70% was for strutting contracts, while the balance was for structural-steel work. Geographically, the bulk of work is currently in Singapore, but Hong Kong could soon account for about half of its revenue.
3. Another big opportunity is new MRT project in KL and Indonesia. Quoted, " there is no company like Yongnam in KL and that is why we want to participant." KL has about 40 stations and very deep and the deeper it goes, more steel is required. The MRT project for Yongnam is worth about S$200 to S$ 300 million. And Jarkata is worth S$100 million.
4. Very busy in Singapore. Potential contracts in next 6 mths include Downtown Line 3 which main contractors will be awarded by end Sep 2011 and it will be followed by award of sub-contractors to Yongnam for structural works.
5. Coming up in next few years, will be Thomson Line and Eastern Region Line and North-South Expressway (note that half is underground and needs strutting works) and Yongnam is tendering for these also.
6. There are also bidding for Sports Hub worth about S$30 to S$35 million for multi-purpose hall and aquatic building.
7. Another big development is the South Beach by City Development
8. Another huge development is the redevelopment of the Market Street Car Park.
Side note: After completed reading the book Snowball Warren Buffet and the Business of Life, I realised that if Warren Buffet had been in Singapore, he might have launched a takeover of Yongnam. It is value investing. The criteria is simple. Warren will buy the stocks which are undervalued, such as in Yongnam and with huge growth and profit potential. In this case, about 67% upside to 45 cents. And Warren will always wanted a very good CEO in-charge and will put in the condition that the company comes with the CEO. And he will pay cash to buy all the shares in the company and leave the entire operations to the CEO. In this case, I met CEO Seow in past 3 AGMs and it fitted the criteria of very CEO. And looking at the above 8 points and the good direction that the CEO has placed the company, we should see very good upside for Yongnam.
Quickly go to the bookstore and grab a copy of the Edge now ! Good luck
2nd wave of Buying up soon..
Isolator ( Date: 22-Jul-2011 14:03) Posted:
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Yes... Huat... lol
Huat ah, to all of us who are holders of this unfairly undervalued stock!
Actually now is the unprecedented construction boom. With S$60 billion of infrastructure projects in the pipe line, with ongoing Downtown Line 3 contracts being awarded in the recent weeks. Downtown Line is worth S$12 billion. The massive S$12 billion Malaysian-Singapore partnerhip coming up, equivalent to 2 IRs which started the construction boom in late 2006. Not forgetting the massive HDB programmes coming up. Population is increasing and many enbloc sales resulting in construction boom in infrasture, HDB and private development etc.
Currently, Yongnam is traded at P/E ratio of 6. Assuming general P/E ratio of 10 in the bull run of 2007, Yongnam should be worth 45 cents (potential 67% upside). It is not rocket size to ride the bull run. For example, with 1 million shares of Yongnam, worth S$270,000. If it goes up to 45c, you will be sitting on capital gain of S$ 180,000. It is possible, Yongnam went to more than 50c in 2007. Now, with the record growth in revenue and profits, and bull run it may just happen for Yongnam investors. Good luck. Remember Yongnam is tendering for S$ 1.35 billion worth of contracts now and it does NOT include the massive Malaysian/Singapore commercial development on the land-exchange project developments yet....
Something going to happen soon I think.... lol