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A very, very long story...
NiTrOx2010 ( Date: 07-Feb-2011 13:42) Posted:
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Yup besides this she has some good catalyst on her side....With the moderatel steady rise in steel price...
In the long haul superbly good investment... I won t be shocked if she is being pulled in for the future link we intend to do in the asean region...A long railline to CHINA :)
Start to wake up liao.
From: DBS Vickers
1. Building momentum, construction demand set to top S$ 24 billion in 2011/12. DBS Vickers believe that top of the beneficianies is Yongnam, currently undervalued. Yongnam is bidding more than S$1.3 billion worth of projects in 2011. " We believe that they could win at least 35 % to 40% of these jobs." , DBS says is report dated Dec 1. It means approx S$ 455 to 520 million worth of contracts ! Indeed the market is talking of a large contract win in Hong Kong. Yongnam has an order book of S$ 450 million. DBS forecasts EPS growth of 33% in FY 2010 to 4.3 cents and 8% in FY 2011 to 4.7 cents.
2. The stock last traded at 29 cents giving a forward PER of just 6.2 times for FY 2011. DBS has a price target of 47 cents based on PER of 10 time of FY 2011 earnings.
3. At 29 cents, it is approaching resistance. A successful break above this level would indicate a target of 36 cents.
4. With PM Lee's speech of S$ 60 billion worth of infrastructrure projects in next 10 years, there will be construction boom in Singapore. DBS Vickers' views that Yongnam owns one of the larget steel fabrication facilities in Southeast Asia and is a key contractor for structural steel works in building and construction and underground road and rail works. Yongnam has said that is is pursuing contracts both locally including the Sports Hub and overseas such as airport terminal and trains.
5. Assuming growth of 15%, Yongnam should be worth 15 x 4.7 PER approx 70.5 cents. It achieved more than 50 cents in the bull run in 2007.
From: Nextinsight Team, CIMB, 21 January 2011
The Land Transport Authority (LTA) gave approval for the alignment of the North-South Expressway (NSE) between Admiralty Road West and Toa Payoh Rise. When completed, the NSE will be Singapore's 11th expressway, and will run parallel to the Central Expressway (CTE). Among SGX-listed construction stocks under our coverage, we believe that OKP and Yongnam have the most direct exposure to NSE.
• Road works underway for the next 10years: The 5km Marina Coastal Expressway (MCE) is currently under construction, and is expected to be completed by 2013. Meanwhile, construction of the proposed 16km NSE is expected to commence from 2013 and finish by 2020.
Given the scale (3x longer than MCE measured by length) and complication (described by LTA as “one of the most challenging engineering undertakings to date”) of the NSE, we expect bigger and potentially more lucrative contracts to be awarded to contractors.
Yongnam (Outperform TP S$0.41): As a leading provider of specialist civil engineering (SCE) solutions in Singapore, we believe that Yongnam is well-positioned to secure specialist civil engineering contracts for the NSE project.
The Group won six MCE contracts worth S$363m in aggregate between 2009 and 2010. Given that the NSE is a much bigger project compared to the MCE, we expect its total contract wins for the NSE to surpass its MCE contract wins.
Its order book stands at S$451xm as at 30 Sep 2010, with the record high of S$540m registered on 30 Sep 2009. We expect the specialist civil engineering contracts for the NSE to be awarded from 4Q2012.
Bought long ago ..accumulating...everage at .26... All Yongnam Fan Huat Ah!!!
Wish all a happy CNY! Cheers! Yongnam Huat Ahhh!!!!!
Go Yongnam GO!!! I die die also wont sell one. Future still very bright.
Cheers!!! Lets wait for great full year result in feb soon, 2010 FY sure 99% win 2009 FY. And wish govt give them great project along the way. Expressway? Sporthub? Mrt? or Toilet??
jackjames ( Date: 27-Jan-2011 22:06) Posted:
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I am too !
warrenbegger ( Date: 27-Jan-2011 20:55) Posted:
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Any Yongnam supporter??? Or me alone only???
Thanks, this year end result should be very good.
joyceseetu ( Date: 24-Jan-2011 18:44) Posted:
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According to the records of previous years, should be released in 27/28 Feb
warrenbegger ( Date: 24-Jan-2011 14:34) Posted:
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When will Yongnam Full year result out? Will it pass 50m profit?
Yongnam is good for holding, hold as long as the expressway goes... 
Indeed, Yongnam future's look v bright.
Today's headlines announcing the North/South highways and tunnels bodes well for Yongnam. Further contract wins at the Sports hub also expected
waiting to break 0.31....
This counter is sure to be up and becoming.Half my fortune is in it aready.