Yongnam

Yongnam closed at 0.40. Looks like it is ready to breakout of the triangle. Stochastic has just crossover and crossing the 20% level soon. If the price maintain or move up, MACD will crossover.

It is currently supported at 0.385 and next resistance will be its 50d EMA at around 0.415 followed by 0.45.

Yongnam

Yongnam closed at 0.395 yesterday and is currently trading within a triangle, with resistance at 0.44 and support at 0.39.

If it is able to maintain at current price or moving up for the next few days, we will see the MACD crossing over again, with that, we will see a positive divergence formed which is a bullish sign.

Yongnam

Yongnam has closed at day high at 0.42. MACD is currently on the verge of crossing over, stochastic and RSI are showing strength with positive divergence. Good sign.

It is currently support at 0.38 and next resistance at 0.45 follow by 0.515.

Yongnam

Yongnam is currently supported at 0.38 which is the resistance during April to May 07.

The announcement from IR is coming out soon - Aug/Sep 07. For me, this is still the stock that I'll be investing. Will collect more if it fall below 0.4 again.

Yongnam

The Board of Directors of Yongnam Holdings Limited (the "Company") refers to the Company's announcement in relation to the abovecaptioned matter on 22 December 2006.

The United Overseas Bank Limited's appeals were heard today by the Court of Appeal. The Board of Directors is pleased to announce that the appeals were dismissed and upheld the Company's interest in the 23rd floor of Springleaf Tower.


BY ORDER OF THE BOARD

Seow Soon Yong, Chief Executive Officer
11 July 2007

Yongnam - Court decision soon; fundamentals going strong

10 July 2007
Yongnam Holdings (YNH SP / YNAM.SI, OUTPERFORM - Maintained, S$0.53, Target: S$0.61)
Company update - Court decision soon; fundamentals going strong
by Lawrence Lye

Yongnam’s Springleaf Tower court case will come to an end with a court ruling on 11 Jul 07. The impact could be either neutral in the worst case or positive in the best case. In a favourable outcome, there could be a one-off boost to net profit of up to S$18m for FY07. Also, Yongnam’s bright prospects are supported by Singapore’s GDP growth momentum (2Q07 growth released today shows the construction industry expanding by an estimated 17.9% yoy, the fastest pace since 3Q97). Our target price of S$0.61 remains set at 20.0x CY08 earnings. Valuations are still reasonable against a projected 74.4% FY06-09 earnings CAGR for Yongnam. Maintain Outperform.

This is the website to the article :
http://www.gohdirect.com/NASApp/spaf/econtent/sg/Yongnam-Hldg-100707.pdf

Yongnam

After recent rally, Yongnam is currently going through another round of consolidation. It is currently supported at 0.495 with resistance at 0.535.

The announcement for IR structural steel contract is expected to release at around Aug/Sep. Yongnam stands a good chance of getting parts of the contracts.

Yongnam

There are heavy transaction on Yongnam today, with a huge 102,407 lots being bought and just 39,913 lots being sold. A positive sign and something may be brewing.

The following are some of the major transaction for buying:

at 0.45
4,000 lots
2,000 lots
5,000 lots
2,000 lots

at 0.455
10,000 lots
2,690 lots

at 0.46
8,000 lots
3,000 lots

at 0.465
1,500 lots
4,800 lots
2,000 lots

Look like big players are collecting this stock again. With the price breaking the recent new high again, I believe there will be more to come.

Yesterday, CIMB has revalued the 12 mth target price from 0.43 to 0.61.

Yongnam

Yongnam has just put up a presentation on its company. Following are some interesting figures on its estimated value for major potential projects for its Structrual Steelwork and Specialist Civil Engineering:

Structural Steelwork:
Est. Value
2007 $400m
2008 $735m

Specialist Civil Engineering:
Est. Value
2007 $60m
2008 $120m

Link to the presentation http://www.listedcompany.com/ir/yongnam/misc/Investor_YongNam_150607.pdf

Yongnam

MACD has crossover and above zero centerline, positive sign. RSI and Stochastics also moving up....bullish sign.

Just before the lunch break, Yongnam is testing the resistance at 0.38, look like it may clear it today with the last resistance at 0.385. Base on current strength, we may see it clearing the last resistance as well.

Yongnam

This is another great potential stock that I'm watching. It is currently trading at 0.355 and it is support at its 20d EMA, which is currently at 0.305. With the construction industry begin to move up and its penetration into middle east market, this is a stock that I do not want to miss.

Will enter when the entry signal is shown.

Strong Earnings for Yongnam

After the crash on Tuesday, Yongnam has quickly move above its 20d EMA again. This will still remain as its support level.

Yongnam has reported a strong earnings for 2006 and with good prospects. You may visit it's website for more details. http://www.yongnam.com.sg/investor.html

This will be one of the main stocks for my investment in 2007.

Yongnam

This morning, Yongnam has dropped to low of 0.28 after hitting its top trendline yesterday. As Chinese New Year is coming and short week on next week, some people may start to take profit on Friday or even today. Presently, Yongnam is supported at 20d EMA and having resistance at top trendline. I think the drop should be temporary as the is no big selling by big players, it's still ok for long term.

Yongnam

It has presently hit the top resistance trendline at 0.31. It may move down or go sideway, breaking the trendline will see it moving further up.

Yongnam

Yongnam is presently support at its 20d EMA at around 0.2~0.215. MACD is presently above its zero centerline and momentum showing sign of picking up. Today volume has move up and price has move up to 0.23. A positive sign.