Recently, I've bought Chip Eng Seng at average 0.84 and Yongnam at average 0.42. The main reason is because of the blooming construction industry, their present in Vietnam and Middle East respectively, the sign of market moving up and of course the chances of getting contracts from the IRs and other major projects.
After Lian Beng got the contracts from Marine Bay IR, there are news mentioning this two companies have high chance of getting some of the contracts as well. Basing on their recent buying strength and transaction volume, I think it may be true.
Disclaimer
All postings and comments are based on my personal opinion. It is purely for sharing purpose and no inducement for any buying or selling.
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Saturday, September 1, 2007
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