This posts came a little later late. The financial report was out on 6th August but i'm only writing on it now. But anyway, Yongnam is still one of my investments till now. The motivation behind the investment in Yongnam was due to the positive outlook of more construction projects in Singapore. As Singapore grows, our infrastructure could not keep up with the growing population. As such, the government has embark on new construction projects such as the new MRT lines, many new residential and commercial buildings, building of new expressways such as the MCE and also plans for the fourth and fifth terminal for Changi Airport.
Yongnam has a good track record in winning key construction projects. They were previously involved in projects such as the circle line, the KPE, National library building, Suntec city, Changi Airport terminal 1 etc. The recent projects were the new sports hub which ......