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calvino Member	16-Nov-2014 22:58        calvino About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seriously, they really need to look deep into their cost estimation b4 tendering their projects. No point having millions dollars of contracts on-hand, and cost of sales are greater than the revenue at the end of the day.  Qanghoo      ( Date: 14-Nov-2014 20:49) Posted: I understand the merits of what you say.  But price as an evaluation and award criterion is still widely priactised, especially in public-sector projects.  Coys facing difficulties may have little choice but price their tenders to win and sacrifice margins in doing so.  Some do it knowing they may not make much, or may even lose money.  But they may do it to cover some of their fixed costs.  Also, many coys with billion $ order books are struggling.    I' m not saying it' s gonna to happen to  YN, but may be shd not be over-optimistic. HugoLee      ( Date: 14-Nov-2014 18:55) Posted: Qanghoo, In consideration of awarding contract to a supplier, the client will always evaulate the financial strength and stability of the contractor.  If the supplier fail, the client also suffer.  So I don' t understand what you meant by clients loading contracts to YN at fire-sale prices.  Also, YN has over 300m book-order.  Do they need more sales to survive?  No.  What YN need is to convert those sales to delivery and payment. My 2-cents.
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Qanghoo Supreme	14-Nov-2014 20:49        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	I understand the merits of what you say.  But price as an evaluation and award criterion is still widely priactised, especially in public-sector projects.  Coys facing difficulties may have little choice but price their tenders to win and sacrifice margins in doing so.  Some do it knowing they may not make much, or may even lose money.  But they may do it to cover some of their fixed costs.  Also, many coys with billion $ order books are struggling.    I' m not saying it' s gonna to happen to  YN, but may be shd not be over-optimistic. HugoLee      ( Date: 14-Nov-2014 18:55) Posted: Qanghoo, In consideration of awarding contract to a supplier, the client will always evaulate the financial strength and stability of the contractor.  If the supplier fail, the client also suffer.  So I don' t understand what you meant by clients loading contracts to YN at fire-sale prices.  Also, YN has over 300m book-order.  Do they need more sales to survive?  No.  What YN need is to convert those sales to delivery and payment. My 2-cents. Qanghoo      ( Date: 14-Nov-2014 17:52) Posted: YONGNAM REPORTS LOSS OF S$8.4 MILLION FOR 3QFY2014 Price will crash next wk.  May present buying opportunity at 18-19c.  But will it become another Midas?  Are clients loading contracts to them at fire-sale prices?  That may be to worry.
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HugoLee Member	14-Nov-2014 18:55        HugoLee About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Qanghoo, In consideration of awarding contract to a supplier, the client will always evaulate the financial strength and stability of the contractor.  If the supplier fail, the client also suffer.  So I don' t understand what you meant by clients loading contracts to YN at fire-sale prices.  Also, YN has over 300m book-order.  Do they need more sales to survive?  No.  What YN need is to convert those sales to delivery and payment. My 2-cents. Qanghoo      ( Date: 14-Nov-2014 17:52) Posted: YONGNAM REPORTS LOSS OF S$8.4 MILLION FOR 3QFY2014 Price will crash next wk.  May present buying opportunity at 18-19c.  But will it become another Midas?  Are clients loading contracts to them at fire-sale prices?  That may be to worry.
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HugoLee Member	14-Nov-2014 18:39        HugoLee About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Wow!  That' s terrible news.  At least they let all the bad news out instead of keeping it. They need to have better project managers and a good CFO to make sure that shocks like this do not happen so often.  THe company need stability - not wild swings.
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EddieLeong Member	14-Nov-2014 18:34        EddieLeong About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Loss seem less than what I expected. Yup price back to before Myammar contract win will be a steal. Look like yongnam will survive the construction sector slump in Singapore and emerge stronger in future. Looking for a good position to long . Qanghoo      ( Date: 14-Nov-2014 17:52) Posted: YONGNAM REPORTS LOSS OF S$8.4 MILLION FOR 3QFY2014 Price will crash next wk.  May present buying opportunity at 18-19c.  But will it become another Midas?  Are clients loading contracts to them at fire-sale prices?  That may be to worry.
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Qanghoo Supreme	14-Nov-2014 17:52        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	YONGNAM REPORTS LOSS OF S$8.4 MILLION FOR 3QFY2014 Price will crash next wk.  May present buying opportunity at 18-19c.  But will it become another Midas?  Are clients loading contracts to them at fire-sale prices?  That may be to worry.
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45coconuts Member	13-Nov-2014 00:29        45coconuts About Contact  Quote this Post!
x 0   x 0  Alert Admin	The proposed $60mil sale and leaseback of their Nusajaya plant is one strategy to raise cash HugoLee      ( Date: 12-Nov-2014 18:24) Posted: Yeah, another win! I am wondering if they have sufficient cash flow to finance these deals?  I mean, from their last report, they are already in negative cash flow (Dec 2013 - per share free cash flow negative S$0.04).  This is a big concern as I hate to see successful companies suffering from financial problem in daily operations. Any views?
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wiseguy1269 Veteran	12-Nov-2014 22:45        wiseguy1269 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Yongnam Engineering & Construction Pte. Ltd., a wholly-owned subsidiary of Yongnam Holdings Limited, has secured new contracts in Singapore worth a combined S$93.1 million. These include structural steelwork for Project Jewel, a mixed-use complex located on a 35,000 sq m plot in the heart of Changi Airport, a contract for the fabrication of steel components for jack-up structures in the offshore sector and contracts for the supply of kingposts for the Thomson-East Coast MRT Line.
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HugoLee Member	12-Nov-2014 18:24        HugoLee About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Yeah, another win! I am wondering if they have sufficient cash flow to finance these deals?  I mean, from their last report, they are already in negative cash flow (Dec 2013 - per share free cash flow negative S$0.04).  This is a big concern as I hate to see successful companies suffering from financial problem in daily operations. Any views?
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Qanghoo Supreme	12-Nov-2014 17:52        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks encouraging.  Hope they are not sacrificing margins though, bearing in mind that they' d not won many deals of late. Terminator4ever      ( Date: 12-Nov-2014 17:33) Posted: Yongnam secured changi jewel project worth S$93million
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Terminator4ever Member	12-Nov-2014 17:33        Terminator4ever About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yongnam secured changi jewel project worth S$93million
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wiseguy1269 Veteran	07-Nov-2014 07:32        wiseguy1269 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Only pathetic losers get their kicks by thumbing down stocks. Go get a job and be useful to society :D
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BigCannonFairy Master	06-Nov-2014 20:04        BigCannonFairy About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Slingless David"
x 0   x 0  Alert Admin	orh orh Those who tell me how low risk is it to do business in Myanmar should redo their homework and assumptions.  jwong016      ( Date: 06-Nov-2014 16:41) Posted: myanmmar reforms stalled - aung san suu kyi   http://www.voanews.com/content/aung-san-suu-kyi-says-myanmar-reforms-are-stalled/2509924.html
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jwong016 Senior	06-Nov-2014 16:41        jwong016 About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	myanmmar reforms stalled - aung san suu kyi   http://www.voanews.com/content/aung-san-suu-kyi-says-myanmar-reforms-are-stalled/2509924.html
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BigCannonFairy Master	06-Nov-2014 16:21        BigCannonFairy About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Slingless David"
x 0   x 0  Alert Admin	World&rsquo s worst performer: Singapore luxury home prices plunged 10% in Q3 https://sg.finance.yahoo.com/news/world-worst-performer-singapore-luxury-065900317.html
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zhike10 Member	06-Nov-2014 12:51        zhike10 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The airport deal is not sealed yet.. Based on the YN announcement, it is under negotiation. cheng987      ( Date: 06-Nov-2014 09:56) Posted: So many contracts n yet cannot move, many people are waiting Huat Ar !!!
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cheng987 Veteran	06-Nov-2014 09:56        cheng987 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So many contracts n yet cannot move, many people are waiting Huat Ar !!!
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Qanghoo Supreme	06-Nov-2014 09:33        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Before the announcement of the Myammasr project, Yongnam had made one announcement of contract wins over the last six mths.  That was on 9 Oct 14, and three subcontracts were secured.  Total value =76.6mil.
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wiseguy1269 Veteran	06-Nov-2014 09:09        wiseguy1269 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Yongnam has been winning contract after contract after contract in just the past couple of months.   Catch it now or catch it at a higher price moving forward... so its your call  and bigcannonfairy aka yingli aka rosesyrup and her clone IDs need not bother to reply.
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Qanghoo Supreme	06-Nov-2014 06:47        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Eh ... maybe not so bullish.  Results likely to be not so good and price cld come crashing down, at least in the next few days? wiseguy1269      ( Date: 05-Nov-2014 23:21) Posted: Yongnam is now on an uptrend.   Catch it while it is still at basement level  morningstar13      ( Date: 05-Nov-2014 15:19) Posted: That' s new to me. With Japan going QE and the team comprising Japan' s JGC Corp, it' s easy to borrow at very low cost. Their partnership is pretty strategic, I must say.
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