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CIMB keeps Yongnam at 'add' on anticipation of contract wins

Samantha Chiew
Samantha Chiew • 2 min read
CIMB keeps Yongnam at 'add' on anticipation of contract wins
SINGAPORE (Mar 16): CIMB is maintaining its “add” call on Yongnam Holdings with a target price of 57 cents.
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SINGAPORE (Mar 16): CIMB is maintaining its “add” call on Yongnam Holdings with a target price of 57 cents.

This came on the back of the group being shortlisted as the potential contractor for the North-South corridor (tunnel) package N103 between Kampong Java Road and Suffolk Walk.

In a joint venture (JV) with Leighton Contractors, they submitted the lowest bid of $553.8 million.

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