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Yongnam Holdings
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Starship
Supreme |
05-Apr-2019 18:10
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Yongnam explains ' unusual price and volume movements' of its shares FRI, APR 05, 2019 - 4:48 PM MAINBOARD-LISTED Yongnam Holdings has responded to earlier queries from the Singapore Exchange (SGX) over &ldquo unusual price and volume movements&rdquo in its shares.  In its response on Friday evening, the specialist civil engineering firm said it was not aware of any information not previously announced concerning the group which might explain the &ldquo sudden sharp increase in share price and trading volume&rdquo of its shares. In response to queries on other possible explanations, Yongnam flagged the existence of recent media and analyst reports about the planned facilities upgrading in the two integrated resorts (IR) estimated at S$9 billion. In one of the reports by a local brokerage, Yongnam said it was named as one of the previous beneficiaries of the first IR development, and that it was &ldquo poised to benefit&rdquo from the expected rise in construction activities from the facilities upgrading, expected to &ldquo revive the construction  sector&rdquo and other related sectors locally. This upgrading involves a fourth tower with a sky roof to Marina Bay Sands, three new hotels and a 15,000-seat entertainment arena and extensions to Universal Studios Singapore. The company added it also conducts regular reviews from time to time, looking at strategic options and business opportunities to enhance shareholder value. " There is no assurance that any transaction will materialise from its strategic review and the company will make an appropriate announcement in the event of any material development," it added. On Thursday, shares of the specialist civil engineering firm shot up 18.47 per cent to close at $0.186 apiece. Some 17 million shares were traded compared to 700,000 shares the day before. On Friday morning, the stock rose another 5.38 per cent to a three-month high of $0.196 as of 11.40am, with 15.6 million shares exchanging hands. This prompted the SGX to query Yongnam on the unusual share price and volume movement. https://www.businesstimes.com.sg/companies-markets/yongnam-explains-unusual-price-and-volume-movements-of-its-shares   |
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Starwar88
Supreme |
05-Apr-2019 16:47
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Good advice. Looks like now in W4
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SgYuan
Supreme |
05-Apr-2019 15:53
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w0 150 w1 159 w2 151 w3 197 w4?...
w1 9 w2 8 w3 48 up 533% - super power. once uturn w4 start w4 18 tgt 179 dn 38.2% - wait for the correction - should not chase w5 28 tgt 207 up 50% of w1+w3=57 - up alot in w3 becareful |
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Starwar88
Supreme |
05-Apr-2019 13:42
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Looks like peaking at 196 | ||||
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Nainai
Member |
05-Apr-2019 10:59
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Seen this too often with Yongnam Liao. Leak before announcement or CEO doing some share buybacks  | ||||
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FATABA
Supreme |
05-Apr-2019 10:52
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No news of any contract win .......just base on what potential fm IR projexts ....LOL Or CIMB play again . Dyodd. |
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trademaster
Supreme |
05-Apr-2019 09:09
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Nice chart, short term target 24/25 ct | ||||
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xiaoyuji
Veteran |
04-Apr-2019 17:25
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Tomorrow can hit 20ct? | ||||
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iinvestor
Veteran |
04-Apr-2019 17:18
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This one just waking up...research houses busy covering big boy Genting...construction plays lai liao. https://www.channelnewsasia.com/news/singapore/singapore-integrated-resorts-expansion-resorts-world-sentosa-mbs-11409002 |
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gametheory99
Member |
04-Apr-2019 16:17
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Flying. Watch it. | ||||
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trademaster
Supreme |
05-Jan-2019 12:05
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Win contracts means got profits rolling in , but can only see profits when projects done...so need to be patient. Last time their dividends were very good. 
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Alvin2042
Master |
05-Jan-2019 09:21
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Many contract wins, but lose money leh
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Whyliddat
Senior |
05-Jan-2019 08:38
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Must ask BBs la. Small timers can't push price up. Good co but for years BBs not into it, maybe it may change.
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cowabunga
Veteran |
05-Jan-2019 07:13
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May finally start giving dividends again. | ||||
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trademaster
Supreme |
05-Jan-2019 00:01
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Construction should be good this year. Win new contracts is gd news. Time to wake up, target price 35 ct will be gd enough 
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zhike10
Member |
31-Dec-2018 22:27
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26 Dec 2018 - Yongnam Holdings has secured new contracts in Australia and Singapore worth S$73.4 million, the structural steel and specialist civil engineering firm announced in a Singapore Exchange filing on Wednesday. Yongnam said that the contracts are expected to have a positive impact on its financial  performance for the year ending Dec 31, 2018 | ||||
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trademaster
Supreme |
12-Nov-2018 11:06
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cimb target price 45 ct. now below 19 ct, nobody wants...
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trademaster
Supreme |
09-Nov-2018 10:18
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Yongnam a very slow stock, but win many contracts, now so cheap nobody keen?
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trademaster
Supreme |
02-Nov-2018 10:28
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Time to buy back . Construction will be last to play , in play soon 
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iinvestor
Veteran |
01-Nov-2018 22:01
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YONGNAM SECURES FOUR CONTRACTS WORTH S$53.4 MILLION IN SINGAPORE Singapore, November 1, 2018 &ndash Yongnam Holdings Limited (&ldquo Yongnam&rdquo or the &ldquo Group&rdquo ), a well-established structural steel contractor and specialist civil engineering solutions provider, today announced that the Group has secured four Singapore-based contracts worth S$53.4 million. For the first contract, the Group will undertake the Design and Build of a four-storey regional headquarters with mezzanine offices and a two-storey production facility for AAC Optics Solutions Pte. Ltd., located at the Tampines Wafer Fab Park at Tampines Industrial Crescent. The main contract works will include full design consultancy as well as civil & structural, architectural and mechanical & electrical works, which are expected to be completed by the first quarter of 2020. As for the second project awarded by Dragages Singapore Pte. Ltd., Yongnam will supply, fabricate, deliver and erect structural steel composite columns for the development of a 51-storey integrated development located in the Central Business District, which is expected to be completed by the second quarter of 2019. The other two projects involve the supply, fabrication, delivery and erection of structural steelwork for a nine-storey light industrial and commercial building for JTC Corporation at the junction of Woodlands Avenues 4 and 9, awarded by Lum Chang Building Contractors Pte. Ltd., as well as a seven-storey Health Campus comprising a community hospital, outpatient clinics and nursing homes located at Woodlands Drive 17 and Woodlands Avenue 12, awarded by SDK Consortium (comprising Ssangyong, Daewoo and Koh Brothers). Both projects are expected to be completed by the third quarter of 2019.  Mr Seow Soon Yong, Chief Executive Officer of Yongnam, said, &ldquo These contracts are part of a series of contracts secured year-to-date which have allowed the Group to further strengthen our order book. We are glad that our customers have continued to recognise our capabilities and track record, not just in steel fabrication but as a total solutions provider in the design and implementation of the main contract works for the buildings at Tampines Industrial Crescent.&rdquo These contracts are expected to have a positive impact on the Group&rsquo s financial performance for the year ending December 31, 2018 |
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