Yanlord Land

Re: Yanlord

Postby behappyalways » Tue May 16, 2017 3:37 pm

Yanlord Land 1Q earnings more than triple to $190 mil
http://www.theedgemarkets.com.sg/yanlor ... le-190-mil
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Re: Yanlord

Postby winston » Wed May 17, 2017 12:01 pm

not vested

Yanlord Land Group (YLLG SP): BUY

Market Cap: US$2,507m
Average Daily Value: US$4.5m
Last Traded Price: S$1.81;
Price Target: S$2.25 (Upside 25%) (Prev S$2.21)

Pricing strategy is the key

1Q17 contracted sales were slower than peers, but demand for its new launches is still strong

Land bank replenishment continues in key cities

1Q sales delivery was decent with margin improvement; high FY17 earnings visibility with substantial unrecognised sales outstanding

Maintain BUY on its strong earnings and margin outlook

Source: DBS

https://researchwise.dbsvresearch.com/R ... hgbakfdhjg
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Re: Yanlord

Postby winston » Fri May 19, 2017 9:52 am

not vested

Yanlord kept at ‘outperform’ on quality landbank in Tier 1, 2 cities

By PC Lee

SINGAPORE (May 18): Macquarie is maintaining its “outperform” call on Yanlord as it expects more consensus upgrades ahead and the potential share buyback to support the share price.

Macquarie believes Yanlord’s quality landbank, which is mainly located in China’s T1 and core T2 cities, is bearing fruit.

“We forecast a 33% CAGR core profit growth in FY17-18E. Despite weak contracted sales this year, we believe the sizeable unbooked revenue of RMB24 billion at a much higher GPM (>40%) than FY16 (31.2%) is sufficient to offset any negative impact and thus drive profit growth,” says lead analyst Wilson Ho in a Tuesday report.

Macquarie is incorporating Yanlord’s strong 1Q17 beat with 49.5% gross profit margin, 487% core profit growth and higher ASP forecasts.

However, in view of a slower launch schedule as a result of the government’s price restrictions in some T1/2 cities, the broker has cut its FY17E contracted sales forecast to RMB32 billion from RMB35 billion, but raised the FY18E forecast to RMB37 billion from RMB33 billion after its land replenishment.

During a recent conference call, management said it still aims to achieve the sales target of RMB32 billion, and will launch more projects in 2H17, even though there would be no relaxation in price limit.

Macquarie is raising its NAV by 28% to HK$3.34 and its target price by 34% to HK$2.34 after raising gross margin forecasts by 8pp to 40% for FY17E and FY18E.

Shares of Yanlord closed at $1.84.

Source: The Edge

http://www.theedgemarkets.com.sg/smr/?q ... 1-2-cities
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Re: Yanlord

Postby behappyalways » Tue Jul 11, 2017 5:46 pm

Yanlord Land acquires stakes in China golf-related property assets for $122 mil
https://www.theedgesingapore.com/yanlor ... ts-122-mil
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Re: Yanlord

Postby behappyalways » Sun Aug 20, 2017 2:41 am

yanlord-land-1h-earnings-more-double-286-mil
https://www.theedgesingapore.com/yanlor ... le-286-mil
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Re: Yanlord

Postby winston » Tue Sep 19, 2017 1:51 pm

vested

Exchange: SGX
Stock: Yanlord Land(Z25)
Signal: Resistance - Breakout with High Volume
Last Done: $1.63

Source: UOBKH
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Re: Yanlord

Postby winston » Wed Sep 20, 2017 9:27 am

vested

Yanlord Land-led offer for Singapore property firm lapses

Sept 19 (Reuters) - China-based Yanlord Land Group and Perennial Real Estate Holdings said on Tuesday their more than $1 billion offer for a stake in Singaporean property firm United Engineers had lapsed.

Yanlord received shareholder acceptances representing just 1.4 percent of the total number of United Engineers ordinary shares, Yanlord and Perennial said in a joint statement.

The deal had valued United Engineers and a unit at about S$1.83 billion ($1.36 billion), in one of the biggest property takeover deals in Singapore in recent years.

Singapore's Oversea-Chinese Banking Corp and its insurance arm in July agreed to sell their stakes in United Engineers to a group led by Yanlord Land and Perennial.

Source: Reuters
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Re: Yanlord

Postby behappyalways » Thu Oct 26, 2017 7:20 pm

yanlord-land-units-acquire-stakes-2-china-property-firms-rmb-164-bil
https://www.theedgesingapore.com/yanlor ... mb-164-bil
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Re: Yanlord

Postby winston » Thu Nov 16, 2017 8:14 am

not vested

Yanlord Land kept at buy with TP Sin$2.25

Yanlord is trading at 5.4x FY18 earnings and 0.6x book value versus historical average of 9.3 times and 1.1 times book.


Source: The Edge

https://www.theedgesingapore.com/yanlor ... 2-87358173
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Re: Yanlord

Postby behappyalways » Wed Dec 06, 2017 9:22 pm

yanlord-land-reports-112-rise-3q-earnings-128-mil-higher-margins
https://www.theedgesingapore.com/yanlor ... er-margins
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