Yongnam

Yongnam: Awarded $23.5m MRT North-South Line extension contract. Co will support main contractor Samsung in the construction. The line will be extended 1km southwards to serve upcoming dev in the Marina Bay area. As of 31 Dec 2010, orderbook stood at $450.0m. Yongnam’s current P/E is at 7.1x vs historical avg at 5.6x