Yingli International Real Estate

Yingli International Real Estate

Postby winston » Fri Sep 18, 2009 7:46 am

Not vested.

Yingli International Real Estate Limited – Initiation (Brandon Ng)
Recommendation: Buy
Previous close: S$0.690
Fair value: S$0.950

• Yingli International Real Estate Ltd (Yingli) is a niche property developer engaged in the development of
high-grade commercial properties that resides in the prime city centre of Chongqing, China.

• Unique specialization in urban renewal Yingli specializes in urban renewal in the prime areas of
Chongqing, having successfully worked with the local authorities to modernize the landscape of the city
centre in Chongqing’s main districts. This is inline with the initiatives and targets set in the most recent 11th
Five Year Program for Chongqing.

• Key risks include liquidity and financing risks, stiff competition from other developers and concentration in the Chongqing market.

• Valuation We arrive at a valuation S$0.950 using revalued net asset valuation (RNAV). Yingli’s future
strategy includes focusing in developing office units and retaining a large portion of it as investment
properties to enjoy recurring rental income and capital appreciation. We initiate coverage with a BUY
rating.
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Re: Yingli International Real Estate

Postby millionairemind » Fri Aug 27, 2010 7:15 am

Singapore Companies
Published August 27, 2010

Ying Li acquires Chongqing site for RMB697m
The developer also lines up bank credit of US$200m to pursue expansion


By FELDA CHAY

SINGAPORE-listed Ying Li International Real Estate said yesterday it has acquired a commercial development site in China's Chongqing city for 697 million renminbi (S$139.5 million).

It added in a separate announcement that it has obtained credit facilities of up to US$200 million from Standard Chartered Bank (China). The money will be used to make site acquisitions and develop projects, it said.

The 102,483 square feet commercial site it bought will be developed into 968,752 sq ft of grade A office space and 430,556 sq ft of high-end retail space. The gross floor area will be about 1.7 million sq ft.

The site is in the Jiefangbei central business district and is part of the Chongqing municipal government's 600 billion renminbi plan to redevelop the city centre to make Chongqing CBD a financial hub.

Ying Li said yesterday the project is expected to be completed by end-2013.

Ying Li chief executive Fang Ming said the company expects to see more multinational firms and large domestic corporations setting up offices in the district, given the Chinese central government's 'Go West' development policy.

China's 'Go West' policy is aimed at reducing the wealth gap between the country's relatively poorer western inland provinces and the wealthier provinces on its eastern coast.

To strengthen its business, Ying Li, which focuses on the Chongqing property market, said that under its agreement with Standard Chartered, the bank will also provide services such as syndicated loans, foreign currency commercial loans, bridging loans, guarantees and trade and project financing.

Earlier this year, Ying Li issued $200 million of convertible bonds, due in 2015, to finance its growth plans.

Commenting on the bond issue and Standard Chartered's US$200 million credit facilities, Mr Fang said: 'With the ability to secure funding through debts and equity, we are able to further pursue our growth strategy and strengthen our leadership position as the largest commercial property developer in the core CBD of Chongqing.'

Earlier this month, Ying Li reported a second-quarter loss attributable to shareholders of 20.2 million yuan on the back of a drop in property sales. In the corresponding period last year, the loss was 2.4 million yuan.

Revenue for the period ended June 30 fell 60.1 per cent from a year earlier to 13.7 million yuan.

Yesterday, Ying Li's counter here rose 2.6 per cent, or one cent, to close at 39.5 cen
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Re: Yingli International Real Estate

Postby LenaHuat » Fri Aug 27, 2010 8:46 am

Chongqing has been selected as the testbed for a revolutionary reform of the farming sector in China:-
http://v.ifeng.com/f/201008/e34d3bbd-340a-41a9-aaf8-b9e337588495.shtml
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Re: Yingli International Real Estate

Postby LenaHuat » Mon Aug 30, 2010 2:05 pm

Fr the HK Standard:-
Equity giant sees Chongqing as city of opportunity

Mainland's city of Chongqing with its many huge, unlisted state-owned firms offer vast opportunities even as financial reform has increased growth prospects, American private equity firm TPG points out.
"We believe Chongqing today is like Shenzhen in the 1980s and Pudong in the 1990s," said Sing Wang, partner and co- chairman of TPG Greater China. "The southwestern part [of China] will be strategically important."

TPG has set its sights on the city's "highlight industries," which include automobiles and agriculture.

"We are also interested in financials as Mayor Huang Qifan has made financial reform one of the major tasks in coming years," Wang said.
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Re: Yingli International Real Estate

Postby iam802 » Mon Aug 30, 2010 2:09 pm

Think this is the second 'Chongqing' article I read today.

Can't recall where I read the first one.

Seems like it is getting a bit of attention.
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Re: Yingli International Real Estate

Postby LenaHuat » Mon Aug 30, 2010 3:38 pm

Hi iam802 :D
Yes, ChongQing has great potential. I'm interested to find out more abt this ex-PLA ChairWoman of YingLi.
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Re: Yingli International Real Estate

Postby winston » Mon Feb 28, 2011 1:41 pm

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Chinese property developer Ying Li International fell as much as 9.5 percent on Monday after it reported weak quarterly earnings, traders said.

At the lunch break, shares of Ying Li were 4 percent lower at S$0.355 with over 3.4 million shares changing hands.

Ying Li said its fourth quarter net profit surged more than four times to 256 million yuan ($38.9 million), but this was largely due to higher fair value gains on its investment properties.

Ying Li's revenue fell 7 percent to 35.7 million yuan due to lower sales of its properties.

"Their results are the main reason for the fall in its shares today. They are not spectacular, but I expect them to sell a lot more properties starting from this year," said an analyst.


Source: Reuters
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Re: Yingli International Real Estate

Postby winston » Wed Jan 25, 2012 2:05 pm

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Chinese firm Ying Li International Real Estate Ltd surged 10 percent to S$0.325, after a brokerage stoked expectations that China may relax some property curbs, helping in a re-rating of the stock, traders said.


Source: Reuters
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Re: Yingli International Real Estate

Postby behappyalways » Sun Jul 06, 2014 1:53 pm

(I think it is quite hard for a property developer in China now.....and to pay 8.75% interest meant that either they are able to find projects that earns more than 8.75% or that they are simply 'desperate'......the resignation of CEO might be a red flag.....)

1. Issue of 381m new shares at $0.26 which is 10% discount to weighted average of $0.288. To raise $99.06m gross proceeds.
2. $165m tranche 1 convertible securities
3. $20m tranche 2 convertible securities
4. 8.75% interest for the 1st 3 year for the convertible securities, 3rd year onward to 5th year, 9.5% interest.......and 5th year onward....9.5% plus 5.0%. per annum plus the applicable 5-year U.S. Treasury Rate, which will be reset every five years,
5. Conversion price $0.318

PROPOSED ISSUE OF SHARES; PROPOSED ISSUE OF PERPETUAL SUBORDINATED CONVERTIBLE CALLABLE SECURITIES
http://infopub.sgx.com/FileOpen/Ying_Li ... eID=303256
http://infopub.sgx.com/FileOpen/Ying_Li ... eID=303258



Ying Li 1Q2014
http://infopub.sgx.com/FileOpen/YingLi- ... eID=297056


ANNOUNCEMENT OF CESSATION AS GROUP CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR
http://infopub.sgx.com/Apps?A=COW_CorpA ... 6f87092499


YING LI to get S$284 m from new strategic shareholder, China Everbright
http://www.nextinsight.net/index.php/st ... 8-ying-li-
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Re: Yingli International Real Estate

Postby behappyalways » Wed Mar 02, 2016 5:20 pm

(Where does the profit comes from????? :lol: :lol: )

FY2012 Earnings - $377.609m (RMB)
Fair value gain on investment properties - $378.332m (RMB)
Net cash (used in)/ from operating activities - $(45,087m) (RMB)


FY2013 Earnings - $205.159m (RMB)
Fair value gain on investment properties - $259.592m (RMB)
Net cash (used in)/ from operating activities - $(318.047m) (RMB)


FY2014 Earnings - $253.62m (RMB)
Fair value gain on investment properties - $115.425m (RMB)
Net cash (used in)/ from operating activities - $(945.558m) (RMB)


FY2015 Earnings - $130.086m (RMB)
Fair value gain on investment properties - $159.872m ($116.872+43) (RMB)
Net cash (used in)/ from operating activities - $(1466.687m) (RMB)


FY2015
http://infopub.sgx.com/FileOpen/Ying%20 ... eID=391747
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