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.

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.

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.

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.

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.

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.

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

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.

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.

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.
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