Yongnam Holdings

SINGAPORE (July 10): Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, has secured four contracts worth $23 million for projects in Singapore.

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.

SINGAPORE (May 23): Yongnam Holdings announced that its 30%-owned joint venture (JV) with Leighton Asia has secured a $553.8 million tunnel and infrastructure contract, as part of the North-South Corridor project.

SINGAPORE (May 17): With the award of various contracts Yongnam Holdings is gunning for delayed, CGS-CIMB Securities is pushing back the expected turnaround date of the civil engineering and structural steelwork specialist.

SINGAPORE (May 15): Yongnam Holdings reported losses of $4.6 million for the 1Q ended March, sinking deeper into the red from losses of $1.5 million a year ago.

SINGAPORE (Apr 10): CIMB is maintaining its "add" on Yongnam with 57 cents target price on expected contract wins from projects such as the North-South Corridor (NSC) tunnelling, KL-Singapore High-Speed Rail (HSR) and Changi Airport Terminal 5 (T5

SINGAPORE (Apr 10): CIMB is maintaining “overweight” on Singapore’s construction sector while remaining upbeat on its outlook for 2018.

SINGAPORE (Mar 5): DBS's windfall dividend was the most "exciting" event over the two months of earnings reporting, says CIMB, given 4Q17 was not an impressive quarter for Singapore stocks.

SINGAPORE (Mar 2): CIMB is keeping Yongnam Holdings at “add” as the steel structure support specialist pursues $1.2 billion worth of new projects in Singapore and overseas.

SINGAPORE (Mar 1): Yongnam Holdings reported full-year losses narrowed by half to $15.8 million in FY17 from $31.6 million in FY16 on improved margins for some of its projects.