Stock Name: Yongnam
Company Name: YONGNAM HOLDINGS LIMITED
Company Name: YONGNAM HOLDINGS LIMITED
| Research House: DBS Vickers | Price Call: BUY | Target Price: 0.41 |
DBS upgrades Yongnam Holdings (Y02.SG) to Buy from Hold as it believes Yongnam's consortium is a strong contender for Myanmar's airport projects.
"We think Yongnam's consortium stands a good chance of securing the projects given its Singapore and Japan representation. JGC corporation is Japan-based while Yongnam and Changi Airport Group are Singapore-based, all of which are viewed favourably by the Myanmar government."
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