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Yongnam gains 1.9%; well placed for rail jobs, says CIMB

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Yongnam Holdings (Y02.SG) has gained 1.9% to hit two-month high of $0.27 in active trade, extending Friday’s 10.4% gain, reported Dow Jones Newswires.

Newsflow on construction group has been thin since release of 4Q09 results late last month, but investor interest unabated based on expectations Yongnam well-positioned to land more contracts in Singapore, Asia, Middle East.

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