Yongnam has released its latest full year results and it looks pretty scary. Unlike its competitor TTJ who has been eking out a margin in projects, Yongnam continues its path of losses. Despite government financial assistance for the construction sector, the margins earned  negative and even on a gross profit view, it is not even making money. TTJ, Hocklianseng, KSH are profitable in their construction segments. It points to reckless bidding by its tendering team where my speculation is for projects, they are bidding as the lowest bidder, without care for margins and people are accepting their bid because of their lowest value and track record of completing many national projects. However, the risk of them ending like Greatearth is now elevated. The public sector should keep watch for their projects with them in least it becomes like some recent BTO projects Weak Balance Sheet PPE Woes- The company is reporting...