Post Reply
81-92 of 92
going up too fast. Hope it will back to below 0.1
most likely.. if u enter way b4 0.1 den hapi.. now enter no much meat liao
ngw050873 ( Date: 14-Apr-2009 11:36) Posted:
|
Could it possibly be due to the proposed 0.4cts/share dividend that has been declared? Is this the 1st time that YN is giving out dividends?
Relatively large movements in volume and price today.....any news coming up?
Yes, hope that BB will push Yongnam to greater heights. Usually, from the previous experience at beginning of 2007, the blue chips will move up quickly when there was bull run. Shortly afterwards, the good penny stocks will follow suit. From previous experience, the penny stocks' surge in percentage terms are much higher than the blue chips. Usually, the investors who make the most are in the good, reliable penny stocks. Of course, there are risks involved for penny stocks. No risks, no gain.
Moving up today
Ha ha, AK then didn't miss d boat, I paid 41cts for d ticket. But d sailing didn't go far, AK abandon boat halfway. But still keeping d warrant.
samloh28 ( Date: 02-Mar-2009 23:11) Posted:
|
Big Boys are eying this stocks now, I think it has great potential to scale greater heights.
Yongnam just released record revenue and earnings in FY 2008. PM Lee spoke at interview with CNBC that if manufacturing falls by 1/3 translating into 1/12 drop in GDP, construction may help to cushion the impact. Construction with Yongnam clinching its 2nd Marina Coastal Expressway (MCE) contract of S$ 53 million in addition to earlier S$ 185.5 million MCE, brings its total contract awarded in 2009 to S$ 238.5 million. Plus its record order book of S$ 504 million as of 31 Dec 2008, the order book nw stands at S$742.5 million, record by itself for Yongnam...
Revenue almost doubles to S$ 332.7 million
Net profit surges 203.2% to S$ 33.9 million
Maintains low net debt-to-equity ratio at 0.56 as of 31 Dec 2008
Proposes final dividend of 0.4 cents per share
I missed the boat earlier in early 2007, when it surged from less than 10 cents to 46 cents. Of course, those were good times. However, further review of the financial highlights:
EPS : 2.79 cents (187.6% up from 0.97 cents in FY 07)
NAV : 12.14 cents, which means that Yongnam is trading 3.14 cents below its NAV !
Assuming growth of 20% (conservatively), its shares should be worth approx 20 x EPS = 55 cents.
Similar example was for Venture Corp many years back when then was manufacturing hey days.
Good luck to BB and small investors for Yongnam shareholders ....
During today's SI Index down market of more than 51 points, Yongnam bucked the trend with strong vol of 3.1 million shares, climbing 7.1% to 7.5 cents. After the market closed, Yongnam announced that it won S$ 88 million contract to construct Integrated Civic, Cultural, Retial and Entertainment Hub at one-north. Plus the S$ 23.8 million it won for Marina Bay Sands very recently, it secured total of S$ 111.8 million in last 2 weeks alone.
Watch out for more contracts to be won as Yongnam will be well sought after for its steel structural works for the coming massive Downtown Line Phase 1, 2 and 3 projects plus Marina Coastal Expressway projects, which are churned out in tens of S$ billions by LTA.
Seize the chance. Remember back in Dec 2006 to July 2007, Yongnam shot up very quickly from 2 cents to 50 cents. Let's not expect such massive jump so fast in such bearish market. More likely, with the drop in steel prices (by 41% in past 4 months), Yongnam's bottom line will be enhanced. Assuming conservative 20% growth only for FY 2010, the fair value will be 2.7 (EPS) x 20 = 54 cents. Reiterated that it happened before for growth stocks in the past, such as Venture Corp... where the eventual price is EPS x growth rate. Good luck.
Yongnam, being the largest steel fabricator & erector in Singapore, will stand to gain immensely from the lower steel price. As reported by News 8 just now, steel price dropped from S$ 1700/mt in Aug 2008 to mere S$ 1100/mt (drop of 41%). This will likely to translate into huge savings and boost its bottom line. Note that bulk of the delivery to IR Marina Bay will be done in 2009 and the savings will boost the bottom line surely.
Note that Yongnam is very active in getting government infrasture projects. With the exports slowing down, government will surely boost its internal construction and infrastructure projects. Total S$ 54 billion transport projects will be rolled out in next 12 years. Yongnam has been active and clinched many Circle Line projects. Likewise, it will go out to get the steel structure works for the Marina Coastal Expressway projects and Downtown Line 1, 2 and 3 projects.
P/E ratio of approximately 3 is value for money. Wait till it clinches more projects in Dubai/Singapore and if it retains the same value for the year, it will be even more profitable with the drop in material prices.
14 November 2008
Maintain Outperform.
2.4% to reflect stronger revenue, steady gross margins but higher SGA expenses.
We conservatively forecast a revenue and profit decline for FY10 given the dismal
economic environment. We are switching our valuation to P/BV to better reflect
investors’ lower risk appetite for small-cap stocks. We base Yongnam’s target price
on 0.8x CY09 P/BV, in line with peers’ target, which translates to a target price of
S$0.11 (previously S$0.24, based on 8x CY09 P/E).
Outlook.
been busy with large projects in Singapore, India and Dubai. Order book of
S$247.2m as at Sep 08 was 71.5% higher than the S$144m booked in Sep 07.
Management expects the strong performance to continue into 4Q08. from cimb
cureent trade at this 7cent per share. any one can comment on this course is it risking for long term investment. or a 3 month short term investment. this morning zao an ni hao comment on construction stock on this counter and lian beng. tot of getting this counter.
any comment