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Yongnam - Our Very Own Iron Man (Not Rated)

kiasutrader
Publish date: Thu, 27 Sep 2012, 09:36 AM
Caught the right break. As a structural steelwork specialist, Yongnam Holdings was a key beneficiary of the buildup of Marina Bay area between 2007 and 2011, with a surge in net earnings CAGR of 21.8%. Regionally, Yongnam has received kudos and won contracts. To date, it has commanded strong earnings growth, coupled with improving margins. Despite recording less earnings contribution without higher margin private sector projects in 1H12, Yongnam still commands the largest orderbook amidst its peers and is set to further benefit from the healthy pipeline of public contracts coming up.

Source: Maybank Kim Eng
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