Yongnam stock has been trading at one of its lowest stock prices. Today, Yongnam stock closed unchanged at $0.179. Yongnam’s stock price pattern has been mostly in a series of dojis and I believe the stock markets will soon decide whether to send Yongnam stock price higher or lower. In February 2014, Yongnam price was at around $0.23 and hence today’s closing price of Yongnam means an over 20% discount of the above price. Yongnam is an investment holding company, offering engineering and construction services primarily in Singapore, rest of Asia, and the Middle East. According to the SGX website, the consensus target price for Yongnam is $0.213 which translates into approximate an 19% upside.
According to SGX website again, Yongnam is trading at 0.77 price-to-book ratio with a 3.35% dividend yield. Yongnam’s debt to EBITDA seems to be quite high though at 342. Yongnam ......