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Yong nam
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gavinl
Elite |
07-Jul-2011 09:13
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Finally this baby of mine moves,hooray! 30 cents,hear we come | ||||
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TradeChancellor
Veteran |
01-Jul-2011 10:12
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the edge is good... business times has got 1 editor i think her name is teh hooi leng under the section " show me the $" , she is also a writer in the edge too i think.... | ||||
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samloh28
Member |
30-Jun-2011 20:57
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Another advice to investors: read the Edge and subscribe to it for 1.5 years. Very low investment cost only. My good friend and guru used to pass a few copies to me. the Edge contains many latest and highly information on investment. Again, do your own research, analysis and judgement. It is certianly one of the best and it comes to my letter box every Friday. An example, is that few months back, it correctly predicted Allgreen amongst others which may be subject of privatisation and share buy-back which I had earlier posted in Share Junction. Now, the Edge amongst others recommended buy for Lian Beng and Yongnam. | ||||
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samloh28
Member |
30-Jun-2011 13:56
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Just a quick estimate of the structural work. If it is worth S$12.2 billion, the structural steel is worth about S$1.2 billion, which is worth lots of money, which is equivalent to what Yongnam is tendering for. It means that Yongnam may have the potential to tender for S$ 2.4 billion worth of contracts in next 2 years ! Definitely plus for Yongnam investors. Just a quick gauge, for Marina Bay Sands, it was worth S$ 5 billion or so, and it generated so much hype and attention and strong contracts for Yongnam and the construction as whole. Just need to be patient and watch for contracts to be awarded. As mentioned before, Yongnam is the biggest structural steel contractor in Singapore and the nearest is only about 1/5 its size, it is in good stead to win the big contracts on these Marina Bay South parcel, Rochor-Ophir, KTM etc... |
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samloh28
Member |
29-Jun-2011 21:55
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The upcoming Malaysia and Singapore government plans to develop the land-swop projects at Marina Bay, Beach Road, Bukit Timah, and KTM land etc, will yield S$12.2 billion worth of contracts and about 5 million sq ft of gross area and will definitely give a boost to the structural contractor likey Yongnam and Building Contractor like Lian Beng. More construction up for grabs in the next few years which will be boom for the construction counters. |
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warrenbegger
Elite |
14-Jun-2011 22:17
Yells: "Anyhow Buy Anyhow Die ^_^" |
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http://www.remisiers.org/cms_images/Yongnam-1406111.pdf O We estimate that YNH is bidding for S$1.2bn worth of projects this year. The outlook in Singapore remains underpinned by numerous opportunities in the civil engineering space. The Middle East is another market with considerable infrastructure spending plans. We believe if the political situation stabilises there, construction firms like YNH could stand to reap major benefits.
To date, the group has won S$73m worth of specialist civil engineering projects. With contracts for the proposed 21km-long, 16-station MRT Downtown Line 3 under bidding, we may see some contract wins in 2H11. If successful, there would be little slack time for YNH’s specialist civil engineering team, as the government has given the go-ahead for the construction of the North-South Expressway at a cost of S$7bn-8bn, for completion by 2020. This is in addition to plans for two new MRT lines: Thomson Line and Eastern Region Line.
No change to our order-book assumptions, EPS estimates or target price of S$0.40, still based on 8x CY12 P/E, a 20% discount to its mid-cycle multiples. We also like YNH for its undemanding valuations against peers, at 5.2x CY12 P/E vs. the peer average of 7.6x. We expect stock catalysts from contract wins for projects such as the MRT Downtown Line and structural steelwork projects in the Middle East.
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warrenbegger
Elite |
13-Jun-2011 22:40
Yells: "Anyhow Buy Anyhow Die ^_^" |
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http://www.remisiers.org/cms_images/Jun13_2011_Sunnysideup.pdf
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warrenbegger
Elite |
09-Jun-2011 23:44
Yells: "Anyhow Buy Anyhow Die ^_^" |
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08 June 2011 Credit Suisse says it expects Singapore's public sector construction demand to catch up with population growth in the next two years. " We see upside risk to Building & Construction Authority estimates, given recent statements by the new National Development Minister to raise the number of build-to-order units in 2011 by 13% to 25,000, as well as to sustain the rollout into 2012." Within the sector, it says more liquid names with public residential demand exposure include, Wee Hur (E3B.SG) flat at S$0.265, Sim Lian (S05.SG) up 1.1% at S$0.470, and Chip Eng Seng (C29.SG) up 1.1% at S$0.465, all unrated. It notes of the companies, Wee Hur and Lian Beng (L03.SG) have the largest orderbook backlog " we also see Yongnam (Y02.SG) as a frontrunner to secure the strutting sub-contracts of large-scale infrastructure projects, given its scale and track record. We see orderbook rising in-line with demand for civil engineering works." CS keeps Yongnam at Outperform with a S$0.44 target the stock falls 1.9% to S$0.255. (matthew.allen@dowjones.com) |
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warrenbegger
Elite |
09-Jun-2011 23:34
Yells: "Anyhow Buy Anyhow Die ^_^" |
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Credit Suisse expects Singapore construction sector demand to remain firm in 2011, likely at higher-end of Building & Construction Authority's S$21 billion-S$27 billion forecast. " We see public sector demand driven by housing projects and civil engineering works, with the latter supported by the rescheduling of previously unawarded Downtown Line 3 contracts." Expects residential, institutional projects form bulk of private sector demand, backed by firm property market fundamentals, recovery in office sector demand. Says risk private residential projects being brought forward could result in tightening of sector resources, drive upside to construction costs, " with pricing and scale economies benefiting larger contractors and material suppliers." Tips Yongnam (Y02.SG), Outperform, S$0.44 target, as frontrunner to secure strutting sub-contracts of large-scale infrastructure projects given leading market share eyes crane rental utilisation rate recovery supporting earnings growth for Tat Hong (T03.SG), Outperform, S$1.20 target. Yongnam +1.8% at S$0.28, Tat Hong untraded, last S$0.945. (matthew.allen@dowjones.com)
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New123
Elite |
09-Jun-2011 21:24
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Hopefully may see it goes back to 30 cents... | ||||
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samloh28
Member |
09-Jun-2011 21:19
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PM Lee spoke about S$60 billion worth of MRT and road infrastructure contracts from 2011 to 2020. Current roll-out projects are the Downtown Line 1 to 3. Next in line are the North-South Line Expressway announced few months ago. Another 2 massive MRT projects are the Thomson and Eastern Region Line to be launched in the next year or so ? | ||||
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samloh28
Member |
09-Jun-2011 20:48
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If we look at the news these few weeks, we will notice that government will spare no efforts to boost the infrastructure projects and the residential projects (both HDB and private) in the thousands. Just take the Downtown Line project which costs about S$12 billion. Downtown Line 3 steel structural works to be awarded in 2nd half 2011, as mentioned by CEO Seow at AGM on 27 April 2011. Note that Downtown Line 3 consists of 16 stations almost as large as Downtown Line 1 (5 stations) and Downtown Line 2 (12 stations). Yongnam is likely to get about 50% of the temporary strutting steel works contracts! In short, the construction industry will stay buoyant these 3 years ! | ||||
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yummygd
Supreme |
09-Jun-2011 20:10
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erm u realise singapore have over 50k homes waitin to be built???
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Hulumas
Supreme |
09-Jun-2011 18:06
Yells: "INVEST but not TRADE please!" |
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Singapore construction industries were peak before, now, they trended down slowly but surely!
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warrenbegger
Elite |
08-Jun-2011 21:37
Yells: "Anyhow Buy Anyhow Die ^_^" |
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TradeChancellor
Veteran |
08-Jun-2011 04:51
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The main difference is that yongnam provides the steel structures for construction but lian beng does the actual construction of buildings.... | ||||
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warrenbegger
Elite |
08-Jun-2011 01:02
Yells: "Anyhow Buy Anyhow Die ^_^" |
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Ya. Both r good in each of their area :)
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catalyst
Senior |
06-Jun-2011 20:32
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Lian Beng looks a better prospect.
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guangguang
Member |
06-Jun-2011 17:35
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Yongnam is sleeping... | ||||
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TradeChancellor
Veteran |
06-Jun-2011 08:52
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Yongnam's price will fly if the resistance of 30 cents is broken with high volume.... the 30 -30.5 cents resistance is however quite strong.... | ||||
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