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Yongnam

Yong nam

LOL x 3

You can tell more about a person by what he says about others than you can by what others say about him. ~Leo Aikman

Ya loh,just like ppl who are so confident in themselves but refer to this forum (nothing better to do) and " suan" others as a past time.LOL X2.

The problem lies with a lot of humans is they think they believe in themselves when they are not.

They go into stocks , without even knowing what they got themselves into.. and when the market crashes, or the stock counter goes berserk, suspend and all , they start complaining about everyone else except themselves.. Ironic or idiotic? lol!

Of couse i believe in myself.Ppl who visit this forum website just want to confirm their belief if not to get some references about the counters that they are interested.

No right or wrong and you are right totally about believing in oneself.However,we shouldnt ignore 100% about negative news as well right?

No offence i hoped.

I wont hold it for 3 years............at least there is a time frame, so his point may stand. forgot that he is a long term investor. cos the world is so messy.....I can't see it's future till the 3rd year

The question rather is do you believe in yourself?

Why trust others when you don't even believe in what you are betting on?

One side based on result report and the other side base on a supreme's prediction.Who to believe?

Hulumas ( Date: 27-May-2011 10:41) Posted:

The game is over! Long term prospect is dim! Subjected to slow but sure long term downward trend! AVOID, awaiting share price to go down and breaking to < Sgd. 0.09 then reentering again!

warrenbegger ( Date: 27-May-2011 01:52) Posted:

YONGNAM REGISTERS ANOTHER RECORD QUARTERLY NET PROFIT OF S$15.0 MILLION FOR 1QFY2011

Gross profit margin climbs to record 33.2%

“Going forward, we are looking at potential contracts locally which include both infrastructure projects like the MRT Downtown Line Phase 3 and the National Art Gallery as well as other commercial projects. At the same time, we are also actively pursuing infrastructure projects which include airport terminals and MRT projects in addition to commercial projects in Hong Kong, Malaysia, India, Abu Dhabi, Qatar, Oman and Saudi Arabia. The Group is also planning to tap new markets in Europe, targeting offshore structures. With the record profit achieved in 1QFY2011 providing a strong headstart and a healthy order book of S$410 million as at March 31, 2011, the Group is optimistic that it will continue to perform well in FY2011.

Contract win momentum continues

http://www.remisiers.org/cms_images/research/May16-May20/ynh200511-flashnote_buy_DBSV.pdf

Yongnam Holdings announced that it has secured another structural steel contract worth S$50m for the restoration works to the former Supreme Court building and the former City Hall building. The restored buildings will house the future National Art Gallery, and the new National Art Gallery will be the largest visual arts venue in Singapore when it opens its doors in 2014. This is the fourth contract announced by Yongnam YTD, and comes close on the heels of the Singapore Sports Hub contract worth S$75m secured earlier this month. These landmark contract wins further cement Yongnam's position as the leading structural steelworks specialist in Singapore. With this contract, we estimate new order wins YTD in FY11 should add up to approximately S$200m, including unannounced contracts. This translates to more than 50% of our full-year order win projections of around S$370m, and should enhance Yongnam's current orderbook to over S$500m. We remain bullish on the Company's prospects and maintain our BUY call with TP of S$0.38. More contract wins, especially from the Downtown Line 3 projects in the next 6-12 months, should provide further catalyst to the share price.

Within three years!

Salute ( Date: 27-May-2011 11:54) Posted:

what's the time frame?

Time will tell!

Salute ( Date: 27-May-2011 11:31) Posted:

Hulumas, is it due to your own prediction. Any support for this potential drastic drop. Today DTZ still positive about property in Singapore. still people buyin at 26cts.....???

The game is over! Long term prospect is dim! Subjected to slow but sure long term downward trend! AVOID, awaiting share price to go down and breaking to < Sgd. 0.09 then reentering again!

warrenbegger ( Date: 27-May-2011 01:52) Posted:

YONGNAM REGISTERS ANOTHER RECORD QUARTERLY NET PROFIT OF S$15.0 MILLION FOR 1QFY2011

Gross profit margin climbs to record 33.2%

“Going forward, we are looking at potential contracts locally which include both infrastructure projects like the MRT Downtown Line Phase 3 and the National Art Gallery as well as other commercial projects. At the same time, we are also actively pursuing infrastructure projects which include airport terminals and MRT projects in addition to commercial projects in Hong Kong, Malaysia, India, Abu Dhabi, Qatar, Oman and Saudi Arabia. The Group is also planning to tap new markets in Europe, targeting offshore structures. With the record profit achieved in 1QFY2011 providing a strong headstart and a healthy order book of S$410 million as at March 31, 2011, the Group is optimistic that it will continue to perform well in FY2011.

Contract win momentum continues

http://www.remisiers.org/cms_images/research/May16-May20/ynh200511-flashnote_buy_DBSV.pdf

Yongnam Holdings announced that it has secured another structural steel contract worth S$50m for the restoration works to the former Supreme Court building and the former City Hall building. The restored buildings will house the future National Art Gallery, and the new National Art Gallery will be the largest visual arts venue in Singapore when it opens its doors in 2014. This is the fourth contract announced by Yongnam YTD, and comes close on the heels of the Singapore Sports Hub contract worth S$75m secured earlier this month. These landmark contract wins further cement Yongnam's position as the leading structural steelworks specialist in Singapore. With this contract, we estimate new order wins YTD in FY11 should add up to approximately S$200m, including unannounced contracts. This translates to more than 50% of our full-year order win projections of around S$370m, and should enhance Yongnam's current orderbook to over S$500m. We remain bullish on the Company's prospects and maintain our BUY call with TP of S$0.38. More contract wins, especially from the Downtown Line 3 projects in the next 6-12 months, should provide further catalyst to the share price.

Yongnam is currently my heaviest investment of 120 lots @ 30cents exactly....and 30cents is a point of heavy resistance... however breaking this stubborn point with high volume may mean a pleasant ride up to the mid to late 30s cents....

YONGNAM REGISTERS ANOTHER RECORD QUARTERLY NET PROFIT OF S$15.0 MILLION FOR 1QFY2011

Gross profit margin climbs to record 33.2%

“Going forward, we are looking at potential contracts locally which include both infrastructure projects like the MRT Downtown Line Phase 3 and the National Art Gallery as well as other commercial projects. At the same time, we are also actively pursuing infrastructure projects which include airport terminals and MRT projects in addition to commercial projects in Hong Kong, Malaysia, India, Abu Dhabi, Qatar, Oman and Saudi Arabia. The Group is also planning to tap new markets in Europe, targeting offshore structures. With the record profit achieved in 1QFY2011 providing a strong headstart and a healthy order book of S$410 million as at March 31, 2011, the Group is optimistic that it will continue to perform well in FY2011.

Contract win momentum continues

http://www.remisiers.org/cms_images/research/May16-May20/ynh200511-flashnote_buy_DBSV.pdf

Yongnam Holdings announced that it has secured another structural steel contract worth S$50m for the restoration works to the former Supreme Court building and the former City Hall building. The restored buildings will house the future National Art Gallery, and the new National Art Gallery will be the largest visual arts venue in Singapore when it opens its doors in 2014. This is the fourth contract announced by Yongnam YTD, and comes close on the heels of the Singapore Sports Hub contract worth S$75m secured earlier this month. These landmark contract wins further cement Yongnam's position as the leading structural steelworks specialist in Singapore. With this contract, we estimate new order wins YTD in FY11 should add up to approximately S$200m, including unannounced contracts. This translates to more than 50% of our full-year order win projections of around S$370m, and should enhance Yongnam's current orderbook to over S$500m. We remain bullish on the Company's prospects and maintain our BUY call with TP of S$0.38. More contract wins, especially from the Downtown Line 3 projects in the next 6-12 months, should provide further catalyst to the share price.

Rubbish la. STI drop like shit yet Yongnam still hold hard hard, kanna no patience liao. Any idiot like me load this at 0.260 :)

As wise man said, if i dont jump into shit hole, who jump?

warrenbegger ( Date: 20-May-2011 21:40) Posted:

Need to wait for the dust to settle down first. Be patience...

gavinl ( Date: 20-May-2011 13:19) Posted:

Market is really bad,with such a robust record,ppl still selling down even though it went up by 1 cent today.Think the saying 'sell in may n go away' is very true.

They have to get about an average of 1 contract a month of about $35million to maintain current high book order....

Need to wait for the dust to settle down first. Be patience...

gavinl ( Date: 20-May-2011 13:19) Posted:

Market is really bad,with such a robust record,ppl still selling down even though it went up by 1 cent today.Think the saying 'sell in may n go away' is very true.

Written by The Edge

Tuesday, 10 May 2011 19:00

Written by The Edge

Tuesday, 10 May 2011 19:00

Written by The Edge
Tuesday, 10 May 2011 19:00

Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, has secured a $75 million sub-contract for the construction of the new 7-storey stadium for the Singapore Sports Hub Consortium.

Located off Nicoll Highway, within the Kallang planning area, the key features of the new Stadium include a movable roof cover and a retractable grandstand.

The stadium roof is the key architectural element of the Sports Hub with the form of its dome-shaped roof and the integration of material finishes with unique geometric structure making it stand out as an iconic national stadium.

The moving roof cladding provides protection from the tropical climate for both the pitch and the stands. Its translucent cladding allows penetration of natural lighting during the day and accent and display lighting at night.

i think after election if PAP win with a good results then this gem will chiong, since YN got alot of government contracts?my 2 cents.

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