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Posts Tagged ‘yongnam holdings’

Yongnam posts 21% jump in 3Q net profit to $13.7m

November 10th, 2010 | No Comments

Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, today reported a 20.6% jump in the group’s net profit to $13.7 million for the three months ended September 30, 2010 (3QFY2010), despite a marginal dip in revenue from $82.6 million in 3QFY2009 to $80.8 million in 3QFY2010.

This was due to higher contribution to the revenue mix from Specialist Civil Engineering which enjoyed better margins, coupled with improved margins achieved for Structural Steelworks projects. The Group achieved a gross profit of S$22.3 million in 3QFY2010, 13.5% higher than the gross profit of S$19.7 million in 3QFY2009.

Yongnam secures 2 contracts worth $56.5m for MRT Downtown Line 2

October 26th, 2010 | No Comments

Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, says the group has been awarded its third and fourth contracts for the MRT Downtown Line 2 (DTL 2) valued at $56.5 million.

Seow Soon Yong, Chief Executive Officer of Yongnam, says: “We are heartened by these contract wins as they serve as testaments to the confidence that our business partners have in us. We will leverage on our expertise and technical know-how in this area to further enhance our track record in the business.”

Yongnam started at Buy by DBS Vickers; with $0.45 target

October 5th, 2010 | No Comments

DBS Vickers starts Yongnam Holdings (Y02.SG) at Buy with $0.45 target price, pegged at 10x FY11 earnings, says Dow Jones.

DBS Vickers says despite construction group’s stronger-than-expected 1H10 results, stock continues to lag peers in terms of valuations.

“However, given the strong fundamentals — its market dominance in the steel strutting space in Singapore and record order books of $460 million — we believe the stock is poised to play catch up,” says the broker.

Yongnam bags $27.5m in MRT Downtown Line 2 contracts

September 28th, 2010 | No Comments

Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, says the group has been awarded its second contract for the MRT Downtown Line 2 (DTL 2) valued at $27.5 million.

The contract is part of the C921 contract package, one of several packages for the DTL 2.

Yongnam wins $25m MRT Downtown Line 2 contract

August 31st, 2010 | No Comments

Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, has been awarded its first contract for the MRT Downtown Line 2 (DTL 2) valued at $25 million.

The 16.6km long Downtown Line 2 comprises of one depot and 12 stations including three interchange stations. DTL 2 will link to the North-East Line, the North-South Line and the Circle line.

Yongnam says the contract comprises the constructiion of a Cut and Cover Tunnel and the Tan Kah Kee station.

Yongnam clinches 6th contract worth $36m for Marina Coastal Expressway

June 16th, 2010 | No Comments

Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, says the group has been awarded its sixth contract valued at $35.9 million for the Marina Coastal Expressway (MCE). With this contract win, the group has secured contracts worth a total of $363 million for the MCE.

Yongnam posts 36% rise in 1Q net profit to $13.8m

May 14th, 2010 | No Comments

Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, says net profit climbed 35.5% to $13.8 million in the three months ended March 31, 2010 (1QFY2010) from $10.2 million in the previous corresponding quarter (1QFY2009).

Yongnam bags 5th Marina Coastal Expressway contract worth $20.2m

April 6th, 2010 | No Comments

Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, says the group has been awarded its fifth contract valued at $20.2 million for the Marina Coastal Expressway (MCE). With this contract win, the group has secured contracts worth a total of $326 million for the MCE.

Yongnam bags $76m contract to build roof and columns for Mumbai International Airport

April 5th, 2010 | No Comments

Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, together with Geodesic Techniques Private Limited, an engineering design and build company in India, has won a sub-contract worth INR 235 Crores ($75.5 million) for the construction of a roof structure and composite steel columns for a new integrated terminal building for the Mumbai International Airport. The contract is expected to be completed by Feb 28, 2011.

Yongnam Holdings posts 33% rise in profit before tax to record $49m for FY09

February 27th, 2010 | No Comments

Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, announced a record profit before tax of $48.8 million for its full year ended December 31, 2009 (FY2009) on the back of a marginal 2.7% increase in revenue to $346.8 million. Yongnam says this is the fourth straight year of record performance since FY2006.

Gross profit rose 18% to $80.4 million compared to $68.1 million in FY2008 but 4Q gross profit was dented by cost overruns and stoppages at the Dubai Metro Rail project which was substantially completed by the end of FY2009.

Yongnam clinches 4th contract for Marina Coastal Expressway worth $21.5m

November 30th, 2009 | No Comments

Yongnam Holdings, the structural steel contractor and specialist engineering solutions provider, says it has been awarded its fourth contract, valued at $21.5 million, for the Marina Coastal Expressway (MCE). With this latest contract win, the group says it has so far secured contracts worth a total of $283 million for the expressway project.

Yongnam will support main contractor Samsung C&T Corporation through the installation and removal of temporary steel strutting and walling works for the wide and deep tunnel excavation. The contract is targeted for completion by September 2012.

PEC shares up 90% on debut

August 7th, 2009 | No Comments

PEC (PECL.SI) shares jumped almost 90% on their trading debut today following the engineering firm’s initial public offering.

PEC shares opened at $0.71 on the Straits Times Index and rose as high as $0.76. In the afternoon, PEC shares were changing hands for $0.72, up 78.8% over the $0.40 IPO price set on July 30.

“It was priced to succeed,” said a trader from a local brokerage, adding that the stock had been priced much lower than that of the firm’s competitors such as Rotary Engineering (ROTE.SI) and Yongnam Holdings (YNAM.SI).

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Posts Tagged ‘yongnam holdings’

Yongnam posts 21% jump in 3Q net profit to $13.7m

Yongnam secures 2 contracts worth $56.5m for MRT Downtown Line 2

Yongnam started at Buy by DBS Vickers; with $0.45 target

Yongnam bags $27.5m in MRT Downtown Line 2 contracts

Yongnam wins $25m MRT Downtown Line 2 contract

Yongnam posts 36% rise in 1Q net profit to $13.8m

Yongnam bags $76m contract to build roof and columns for Mumbai International Airport

Yongnam Holdings posts 33% rise in profit before tax to record $49m for FY09

Yongnam clinches 4th contract for Marina Coastal Expressway worth $21.5m

PEC shares up 90% on debut

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