Yongnam Holdings Limited *Official* (SGX: AXB)

[Android user]

Just now never check, picked up EDMW old yongnam thread
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http://infopub.sgx.com/FileOpen/_YHL_eFORM1V2_SSY.ashx?App=Announcement&FileID=433270

Shared before yongnam on ssi chitchat group, first phase consider pass le. Now left 3 more before fly.
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On 15 December 2016, Mr. Seow Soon Yong has exercised the Call Options to purchase and/or to procure other
purchasers to purchase 33,758,902 Shares in the share capital of Yongnam Holdings Limited, of which the
considerations for 4,800,000 Shares to be settled by 31 December 2016 and the balance of 28,958,902 Shares to be
settled not later than 31 January 2017.

 

[strangerjun]

Why the price like a dead heart?

 

[Android user]

Why the price like a dead heart?

The dead heart might get blood pumping in again.

http://sbr.com.sg/building-engineering/more-news/yongnam-nabs-two-construction-contracts-combined-worth-495m

Above just a small pump

http://www.straitstimes.com/business/companies-markets/yongnam-changi-airport-consortium-is-a-step-closer-to-myanmar-airport

http://www.mmtimes.com/index.php/business/21946-dca-hopes-to-tie-up-hanthawaddy-airport-deal-by-the-end-of-this-year.html

http://www.wsj.com/articles/japan-pledges-billions-for-myanmars-development-1478090552

http://www.irrawaddy.com/news/government-sets-spending-priorities-for-foreign-aid-money.html

http://www.irrawaddy.com/news/burma/defense-ministry-gets-lions-share-of-supplementary-budget.html

What I am looking for is the on top 1.

 

[Weaboo]

their pptx very nice...

 

[Android user]

http://www.irrawaddy.com/news/burma/vice-president-new-airport-project-must-be-transparent.html

 

[vRICKEDKEN]

I vested with them many years ago, dunno if it's time to vest again

 

[Debron]

Key developments at Yongnam to watch out for:
1) New substantial shareholder
2) Mega infrastructure projects to be awarded in coming months especially the Kim Chuan CCL6 Depot project

Details here: http://stockresearchasia.com/latest...ldings-ltd-all-eyes-on-mega-mrt-depot-project

 

[seikowatc]

sold alredy!!

 

[Debron]

Latest news on the Myanmar airport project:

http://www.mmtimes.com/index.php/bu...-airport-to-finalise-plans-in-early-2018.html

 

[edwinttt1978]

Finally, this is moving.

Please take all the sales from OKP!

 

[giraffu]

Apparently,the myanmar airport is not happening. All hopes lost.

 

[Shion]

North-South Corridor contract a major win for Yongnam

North-South Corridor contract a major win for Yongnam

https://www.theedgesingapore.com/north-south-corridor-contract-major-win-yongnam

SINGAPORE (May 24): Yongnam's JV with Leighton Contractors was awarded a $553.8 million contract to design and construct the North-South Corridor, the 0.64km stretch of a tunnel between Kampong Java Road and Suffolk Walk.

With the latest order win, analyst Colin Tan of CGS-CIMB Securities estimates that Yongnam's order book now stands at $308 million, above its three-year average of $290 million, based on its 30% stake in the JV. An additional $50 million in strut works on top of the 30% of N103 contract value would bring its order book to $358 million.

The job is slated to start in 2Q18, with initial works in the planning and design stage. “We think significant revenue recognition could flow in from 1Q19F onwards,” says Tan.

And as the N107 package for the North-South Corridor project was awarded to Samsung C&T, CGS-CIMB believes there could be an opportunity for Yongnam to be subcontracted for the strutting works of N107 as well as for the N106 package that Samsung won in Nov 2017. The strut orders for these packages could fetch $50 million each, based on estimates by the research house.

In addition, Yongnam is currently tendering for $1.1 billion of new projects in Singapore and overseas. These include Melbourne Metro strutting project -- which Tan expects Yongnam to win in the near term -- and other civil engineering and strut orders for infrastructure projects in Singapore, Australia, Hong Kong and the Middle East.

At 32 cents, Yongnam is trading at approximately 0.5x CY18F P/BV and 5.9x CY19F P/E, below its long-term average of 0.9x P/BV and 9x forward P/E during the profitable years.

“Maintain “add” and target price of $0.56,” says Tan, based on 0.8x CY19F P/BV or 10% discount to its long-term average.