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Thursday, September 30, 2010

Yongnam Holdings

Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider has just been awarded 2 MRT lines contracts worth a total of $52.5M.
A brighter outlook for this sector following government plans to invest more in infrastructure ...
At the current price of 29 cents , the EPS is about 7.8x.
CIMB has a target price of 39 cents and would say that the upside potential is about 34% .
Techincally looking good at the current price of 29 cents and it may test 30 - 31 cents soon.

N.B.
(Invest at your own decision)

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