Yongnam

Yongnam: Awarded $19.0m contract to provide structural steelworks for NUH Medical Centre. Co will support main contractor Penta-Ocean by supplying almost 5k tons of steelworks for the 22 storey building. Work is expected to be completed by 2Q2012. Yongnam had an order book of $450m as of 31 Dec with FY2010 rev of $335.1m. Co now trades at fwd P/E of 6.1x.