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Yongnam Holdings
Yongnam kickstarts 2018 with $23 mil in contracts
SINGAPORE (Feb 1): Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, has won four contracts totalling $22.9 million for projects in Singapore.
February 01, 2018
Broker's Calls
With $9 bil of public civil engineering contracts up for grabs, what are CIMB's top sector picks?
SINGAPORE (Jan 5): Yongnam is CIMB's top sector pick in view of catalysts from major order wins for mega infrastructure projects in Singapore.
January 05, 2018
Results
Yongnam sinks deeper into the red with 3Q loss of $4.9 mil on lower revenue
SINGAPORE (Nov 14): Yongnam Holdings, the structural steel contractor and civil engineering solutions provider, saw 3Q net losses widen to $4.9 million from $0.6 million a year ago.
November 14, 2017
Broker's Calls
Yongnam started at 'add' by CIMB on inexpensive valuation
SINGAPORE (Oct 26): CIMB is initiating Yongnam Holdings at “add” with target price of $0.53, based on 0.8 times FY18 P/BV which is a 10% discount to long-term average.
October 26, 2017
Yongnan placing out 47.5 mil new shares at 25.5 cents each
SINGAPORE (Oct 6): Yongnam Holdings is planning to sell up to 47.5 million new shares in the company at 25.5 cents each.
October 06, 2017
Yongnam wins three contracts totalling $70 mil
SINGAPORE (Aug 30): Yongnam Holdings, the structural steel contractor and civil engineering solutions provider, has secured three new contracts worth a total of $70 million.
August 30, 2017
Yongnam leads gainers on announcement of new contracts
(June 23): Over the one-week period to June 20, the benchmark Straits Times Index slipped 0.8% to close at 3,230.4. The decline was driven by property and bank counters as a plunge in crude prices, expectations of further US interest rate hikes and news t
June 23, 2017
Yongnam wins four contracts worth $36.2 mil
SINGAPORE (June 15): Yongnam Holdings, the structural steel specialist and civil engineer, has won four contracts worth $36.2 million for projects in Singapore.
June 15, 2017
Results
Yongnam sinks into 1Q net loss of $1.5 mil on lower margins, overheads
SINGAPORE (May 15): Yongnam Holdings, the structural steel supplier and engineer, sunk into a 1Q net loss of $1.5 million on lower margins and overhead costs not being fully absorbed given the group’s lower level of strutting and fabrication activities.
May 15, 2017
Results
Yongnam’s FY16 losses widen nearly 10 times to $31.6 mil on higher overheads
SINGAPORE (Feb 28): Yongnam Holdings reported FY16 losses widened to $31.6 million from losses of $3.3 million a year ago on lower margins.
February 28, 2017