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Hock Lian Seng n Lum Chang too?
cowabunga ( Date: 19-Dec-2016 11:15) Posted:
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http://www.irrawaddy.com/news/burma/vice-president-new-airport-project-must-be-transparent.html
The Singapore Msia High Speed Rail project. Yongnam stands a good chance of getting something since they are related to the industry like our local MRT networks. CSC also with regards to piling and soil analysis. And a whole lot of other construction companies in the crane industry like Tat Hong, Sin Heng Machinery etc
Myanmar play to come.....integrator, yoma....all targeted..
Yup, but I noticed the chart did not look too good. But I have a gut-feel it's a good bet now.
Just my gut-feel only, I've not heard or read anything about this stock.
Any other comments, positive or negative? Thanks..
Just my gut-feel only, I've not heard or read anything about this stock.
Any other comments, positive or negative? Thanks..
It' s always a good thing when the CEO is buying.
Has vested this company when its doing its rights issue and with the prospect of the myanmar deal. This counter has been going downhill ever since its agressive MTP consolidation excercise and been stagnant since then.
Am puzzled with its recent financials, especially on the huge drop in its earnings per share though the net profit does not drop that much. Not sure what' s the rationale behind it.
Still waiting for the Myanmar airport deal to materalise but will throw if it ever do another round of MTP consolidation before that.
Anybody to share their thought on this counter?
MichaelSchenker ( Date: 16-Dec-2016 21:24) Posted:
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Anybody familiar with this counter?
is it time to buy in now?
Hanthawaddy Intl Airport awaiting loan from Japan.
http://www.elevenmyanmar.com/local/6304
Why does CIMB want sell 21cents?
I think cos it hasn' t caught the eyes of BBs yet.... When it does, it will soar...
zhike10 ( Date: 18-Jul-2016 19:21) Posted:
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Price is like not moving. Maybe need catalyst(s).
Egufilos ( Date: 18-Jul-2016 13:38) Posted:
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MTP and Rights Issue all done.
Myanmar airport project already given ok: http://www.ttrweekly.com/site/2016/02/funds-cleared-for-yangons-new-airport/
Things are definitely looking better for Yongnam in my view.
This counter is on my watchlist.
After rights, if min Rights subsription, the NAV will be around 0.70, and the cash injected will be around $24.4 million (and with the existing $8M, the cash/share will be approximate to be around $0.067/share). If max subscription, the cash injected will be around $33 million. In the pipeline, we could be looking forward to projects such as Myanmar Airport & high speed rail.
Most importantly, CIMB security is the underwriter for this rights exercise. At the current price, i doubt most retailer will take up the rights .... this mean that CIMB will most likely needs to take up 62 million shares. I don' t believe CIMB will hold the share very long.
I recall that during the Pacific Andes rights issue, the mother share price dropped below the rights price of 0.051. Both Maybank and SC had to take up the rights .... within 1~2 months after the rights shares were issued, the price went up to 0.061.
During the Brexit last friday, the price stayed steady around 0.21. I think this is worth a look.
Qanghoo ( Date: 28-Jun-2016 21:47) Posted:
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In sgx mkt, two ways for coys to dig graves for shareholders. 1) share consolidation. 2) rights issue. Yn has done both. After this mtp again? But I see this coy having good potential over the next few yrs So, if cheap cheap, n can hold, my view is good to consider. DYODD though.
Poawaw ( Date: 28-Jun-2016 17:12) Posted:
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After share consolidation of 4 to 1, prices keep trending down for so long, no dividends and rights issue causing further dilution of asset, so predictable, now back to price before consolidation .........good bye to poor loyal investors, all wiped off, and congrats to those who benefitted from this outcome!! A lesson on how share impoverished the investors!
None whatsoever. At this rate likely to fall further down. After the Myanmar hype, this coy tanked in share price and never recovered thereafter. This rights exercise is a complete catastrophy for shareholders.
Crossback ( Date: 26-Jun-2016 23:06) Posted:
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So is it prudent to subscribe to the rights at 21c? The stock only trading at 21.5c. Whats the incentive??
Why do u say incompetent? Didn' t they turn the company around to generate profit last quarter? Didn' t they secure the Myanmar airport project signed in January which is likely to hv a positive impact in future earnings? Didn' t they secure millions of contract wins in past few months?The stock price seems like not moving now, but maybe not for long? DYODD and I' m invested.
dingbat ( Date: 20-Jun-2016 11:08) Posted:
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That was a minor hiccup, no rally.Yongnam stock is like a rat infested with bubonic plague. NO ONE WANTS TO TOUCH IT!
Yongnam =si tah tah.
Shareholders taken to the cleaners by incompetent management.
johnng ( Date: 20-Jun-2016 09:24) Posted:
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