tag:blogger.com,1999:blog-7944902213075756335.post4438182583718868559..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): Yongnam: DPS of 0.6c.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger35125tag:blogger.com,1999:blog-7944902213075756335.post-80939428210592853302015-03-02T17:10:56.735+08:002015-03-02T17:10:56.735+08:00Hi Wei Xiong,
Thanks for the update. I am just pu...Hi Wei Xiong,<br /><br />Thanks for the update. I am just putting in the finishing touches to a new blog post on Yongnam. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83620763539162980332015-03-02T13:58:49.841+08:002015-03-02T13:58:49.841+08:00"Net asset value per share declined by 1.33 S..."Net asset value per share declined by 1.33 Singapore cents, from 25.01 Singapore cents as at 31 December 2013 to 23.68 Singapore cents as at 31 December 2014. "wxhttps://www.blogger.com/profile/13331225421682542310noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-88414140269445529072015-03-02T13:55:07.722+08:002015-03-02T13:55:07.722+08:0016.3cents soon! :D16.3cents soon! :Dwxhttps://www.blogger.com/profile/13331225421682542310noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-79168947571163266052015-02-16T23:31:06.930+08:002015-02-16T23:31:06.930+08:00Hi Cindy,
Longer term Fibo lines are at 16.3c, 15...Hi Cindy,<br /><br />Longer term Fibo lines are at 16.3c, 15.6c and 15c. These are all golden ratios. <br /><br />Of course, there is no saying whether these levels would actually be tested. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-26664378879583986292015-02-16T22:06:11.337+08:002015-02-16T22:06:11.337+08:00HI AK,
Can share a TA post on Yongnam? It'll ...HI AK,<br /><br />Can share a TA post on Yongnam? It'll help those to roughly know a good entry price. Tks much!Anonymoushttps://www.blogger.com/profile/10403146728589730088noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83770299855904458972015-02-16T15:37:32.645+08:002015-02-16T15:37:32.645+08:00Hi Wei Xiong,
I am still in the BUY queue. -.-&qu...Hi Wei Xiong,<br /><br />I am still in the BUY queue. -.-"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30981759127152352712015-02-16T12:39:38.966+08:002015-02-16T12:39:38.966+08:00Nibbled some at $0.168. :)Nibbled some at $0.168. :)wxhttps://www.blogger.com/profile/13331225421682542310noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-5130664018580313542015-02-13T17:28:12.774+08:002015-02-13T17:28:12.774+08:00Hi Wei Xiong,
Well, the Myanmar Airport project a...Hi Wei Xiong,<br /><br />Well, the Myanmar Airport project although big is a long term thing. We are unlikely to see any near term impact on earnings. So, I am not surprised by the weakness as Yongnam's recent earnings have been disappointing.<br /><br />However, they have won several contracts apart from the mega airport project. So, I suspect that Mr. Market could be overly pessimistic AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-12189758492321829162015-02-13T16:54:42.542+08:002015-02-13T16:54:42.542+08:00Yongnam reach 17cents already. Do you see any valu...Yongnam reach 17cents already. Do you see any value at this price? Seems like all the euphoria for the Myanmar airport contract has fizzled off in just a few months!wxhttps://www.blogger.com/profile/13331225421682542310noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-77004566374419537652014-11-15T10:05:56.977+08:002014-11-15T10:05:56.977+08:00Hi Cindy,
Investing in Yongnam now is to believe ...Hi Cindy,<br /><br />Investing in Yongnam now is to believe that earnings will improve in the long run and that the current weakness is temporary.<br /><br />If we believe that Yongnam's poor results are here to stay because they are due to something more enduring, then, we should sell.<br /><br />Personally, I still retain a long position that is about 20% the size of my original investment AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-74659177433633689952014-11-14T20:25:53.585+08:002014-11-14T20:25:53.585+08:00Ak, what do you make of the latest quarter report....Ak, what do you make of the latest quarter report. Will you reduce exposure or continue to add at lower prices, cos I think the price will fall again next year. M hoping for a better result actually ...<br /><br /><br />Yongnam: Reports Loss Of S$8.4 Million For 3QFY2014.<br />14 Nov 2014 17:59<br /><br />Yongnam Holdings Limited reported a net loss of S$8.4 million on a 50.7% decrease in revenueAnonymoushttps://www.blogger.com/profile/10403146728589730088noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-7421856840192275642014-10-29T15:18:25.195+08:002014-10-29T15:18:25.195+08:00Hi Cindy,
Thanks for the update. This is a huge c...Hi Cindy,<br /><br />Thanks for the update. This is a huge contract. Very likely, we will see a flurry of re-rating upwards by the research houses. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-3378339426066713432014-10-29T15:11:19.396+08:002014-10-29T15:11:19.396+08:00Yongnam did it! It won a US$1.4 billion ($1.78 bil...Yongnam did it! It won a US$1.4 billion ($1.78 billion) contract to build the airport in Myanmar’s Yangon. The wait was nerve-wrecking ..heheheAnonymoushttps://www.blogger.com/profile/10403146728589730088noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76890926690561265372014-10-13T20:13:47.386+08:002014-10-13T20:13:47.386+08:00An update on order Book:
YONGNAM SECURES THREE SU...An update on order Book:<br /><br />YONGNAM SECURES THREE SUBCONTRACTS WORTH S$76.6 MILLION FOR THOMSON-EAST COAST MRT LINE AND A PROJECT IN HONG KONG<br /><br />- Contracts awarded for the Marina South Station and Tunnels as well as<br />Napier Station in Singapore and for a temporary steel bridge in Hong<br />Kong<br /><br />http://infopub.sgx.com/FileOpen/YHL-...&FileID=317599Solacehttps://www.blogger.com/profile/08801978818033316328noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-9817897049178193942014-10-08T22:15:52.642+08:002014-10-08T22:15:52.642+08:00"Yongnam Holdings can afford to pay special d..."Yongnam Holdings can afford to pay special dividends to shareholders following a move to sell its plant in Johor to Malaysia-listed Axis Real Estate Investment Trust ( Financial Dashboard) for about $60 million, says DBS Vickers.<br /><br />"The steel fabricator said yesterday it would sell the property, which has a net book value of $24.5 million, and lease it back for 15 years.<br />AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-79371251493574713372014-10-07T22:10:53.023+08:002014-10-07T22:10:53.023+08:00Hi Ryan,
Thanks for the insightful comment. Much ...Hi Ryan,<br /><br />Thanks for the insightful comment. Much appreciated.<br /><br />Yongnam has the potential to do better, of course, if they replenish their order book fast. I am looking forward to some order wins soon.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-29827974815500851142014-10-07T21:07:29.741+08:002014-10-07T21:07:29.741+08:00I've been watching Yongnam with interest for s...I've been watching Yongnam with interest for some time, and I'm getting increasingly worried about the potential cash flow issues they may be facing.<br /><br />Yongnam has had two consecutive quarters of losses and negative cash flow, with cash levels falling to just $11 million. Meanwhile, debt payable in one year or less, or on demand has been steadily growing, from $59 million in Dec Ryanhttps://www.blogger.com/profile/10836405988341724790noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-9223866619116695362014-10-07T09:38:41.506+08:002014-10-07T09:38:41.506+08:00Yongnam Holdings’ Malaysian unit has agreed to sel...<i>Yongnam Holdings’ Malaysian unit has agreed to sell its factory at Nusajaya, Johor, to Axis Real Estate Investment Trust before leasing it back from the REIT.<br /><br /> Axis will pay RM153.5 million ($60.1 million) for the purchase. The property has been valued at RM167.5 million.<br /><br />Yongnam is expected to make a net book value gain of $9.5 million.<br /><br /> Upon the transaction, AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85028162083741421972014-09-26T19:00:24.623+08:002014-09-26T19:00:24.623+08:00Hi Cindy,
Although some added to their long posit...Hi Cindy,<br /><br />Although some added to their long positions at 22c, 21c and 20c, my bowling ball whispered that it could go lower. Technically, a stronger support is at 18c. I could possibly add some if price should approach 18c and if the support should be tested.<br /><br />I still retain 20% of my original long position and, this, I am quite comfortable holding although it is now in the AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-46681835271640098732014-09-26T18:48:59.622+08:002014-09-26T18:48:59.622+08:00Hi AK,
Does your crystal ball say anything about ...Hi AK,<br /><br />Does your crystal ball say anything about adding more Yongnam, with the shares falling below 20 cts?Anonymoushttps://www.blogger.com/profile/10403146728589730088noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-1595642113689947932014-08-07T13:22:15.441+08:002014-08-07T13:22:15.441+08:00Yongnam Holdings, the structural steel contractor ...<i>Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, today reported a net loss of $5.3 million for the three months ended June 30, 2014 (2QFY2014). This came on the back of a 46.5% drop in revenue to $61.6 million.<br /><br />Seow Soon Yong, Yongnam’s Chief Executive Officer explained: “Yongnam had enjoyed several years of record profits AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-20016472765513647902014-08-07T00:18:17.734+08:002014-08-07T00:18:17.734+08:00Hi Solace,
Negative EPS is never nice to look at....Hi Solace,<br /><br />Negative EPS is never nice to look at. If things do not improve significantly in 2H 2014, shareholders might not get any dividend too. Actually, I will be quite happy if they were to breakeven in FY2014.<br /><br />I will look out for signs of improvement in 2H 2014 before deciding if I should add to my long position. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-81536236605216978312014-08-07T00:12:59.250+08:002014-08-07T00:12:59.250+08:00Hi Cindy,
I will think of the Myanmar project as ...Hi Cindy,<br /><br />I will think of the Myanmar project as a bonus if it should happen. I won't think of it as a saving grace. ;p<br /><br />I am more interested in the company's track record at securing contracts and how it could benefit from projects at home being the biggest in what it does here. <br /><br />So, it is reasonable to assume that they will bag their fair share of AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-35293012992769105882014-08-06T23:10:59.004+08:002014-08-06T23:10:59.004+08:00http://infopub.sgx.com/FileOpen/YHL-2QFY2014_Resul...http://infopub.sgx.com/FileOpen/YHL-2QFY2014_Results_Presentation-6_Aug_2014.ashx?App=Announcement&FileID=308616<br /><br />http://infopub.sgx.com/FileOpen/YHL-News_Release-6_Aug_2014.ashx?App=Announcement&FileID=308615<br /><br />Increase in gross debt and gearing. operation has been bringing in little positive FCF in 1H 2014.<br /><br />hmmm, what would i do?<br /><br />I think i will Solacehttps://www.blogger.com/profile/08801978818033316328noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-15578043804494238842014-08-06T22:53:12.509+08:002014-08-06T22:53:12.509+08:00Ya, it seems like the successful bidding of Myanma...Ya, it seems like the successful bidding of Myanmar Airport construction might be its saving grace ... if it happens. I wonder what is taking Mynamar so long to decide. Anonymoushttps://www.blogger.com/profile/10403146728589730088noreply@blogger.com