Yanlord Land

[winston]

Not veted. From Kim Eng:-

Yanlord Land (YLLG SP, $1.67, NOT RATED)

Yanlord’s recent launch of Yanlord Townhouse in Shanghai saw a strong take‐up rate of 80% and an impressive ASP of about RMB60,000 psm despite official cooling measures.

We believe discerning homebuyers continue to see value in Yanlord’s high quality homes. To‐date, Yanlord has locked in S$1.3b worth of pre‐sales that have yet to be recognised.

http://www.remisiers.org/cms_images/ssu24112010ke.pdf

[winston]

Not vested

DJ MARKET TALK: Citi Starts Yanlord Land At Buy; S$2.38 Target

0041 GMT [Dow Jones] STOCK CALL: Citigroup starts Yanlord Land (Z25.SG) at Buy with S$2.38 target price, based on 30% discount to 2011 NAV estimate.

Says high-end developer one of lowest-risk China property stocks due to prudent expansion strategies, premium brand name, solid balance sheet.

Forecasts 18% net profit CAGR over 2010-2012, driven by increase in volume of home sales;

"Yanlord is well known in mainland China for its high-quality product, and the company has consistently been able to price its property projects at premiums of over 20% versus its competitors."

Says Yanlord's efforts to expand its investment property portfolio will form solid base of recurrent rental income, cash flow. Shares end flat at S$1.67 yesterday.


Source: Dow Jones Newswire

[winston]

Not vested

DJ MARKET TALK: Samsung Sec Starts Yanlord At Buy, S$1.95 Target

0213 GMT [Dow Jones] STOCK CALL: Samsung Securities starts Yanlord Land (Z25.SG) at Buy with a S$1.95 target price, based on a 20% discount to a 2011 NAV estimate.

Says the China-based high-end developer continues to surprise the market with its ongoing success with quality project launches. Expects Yanlord to achieve contracted sales of CNY12.1 billion in 2011 and CNY17.0 billion in 2012, +34% and 41% respectively from 2010; "we attribute Yanlord's success to its detail-orientated architecture and sales tactics that target end-users rather than speculators."

Forecasts a 21% net profit CAGR over 2009-2012; "while we are less positive on high-end developers compared to mass-market ones, we recognize that Yanlord's end-user focus should support the company's growth under the current policy environment." The shares are +0.6% at S$1.68.

Source: Dow Jones Newswire

[winston]

Not vested

Yanlord buys Shenzhen site for US$142 mln By UMA SHANKARI

Yanlord Land Group said on Friday it has acquired a prime residential development site with a total planned gross floor area of about 149,700 square metres in Longgang District, Shenzhen, for 945 million yuan (US$142 million) in a public land auction.

The amount works out to an average purchase price of 6,312.63 yuan per square metre.

The land parcel has a plot ratio of up to 3.2 times and benefits from the Shenzhen government's initiative to develop the Longgang district into a secondary city centre that manages the administrative, commercial and cultural development of eastern Shenzhen, Yanlord said.

Source: Business Times

[winston]

Not vested

Singapore Hot Stocks-Yanlord falls on China property measures

SINGAPORE, Jan 27 (Reuters) - Shares of Singapore-listed Chinese property developer Yanlord Land fell as much as 3 percent to a seven-month low on Thursday after China unveiled fresh measures to curb property prices.

At 0350 GMT, shares of Yanlord were 2.4 percent lower at S$1.60 with over 3.1 million shares changing hands.

Smaller China property firm Pan Hong Property Group retreated 5.7 percent to S$0.415.

"Yanlord is one of the most prominent China property plays listed here, so China's tightening measures have definitely taken a toll on their shares," said a local trader.

Banks in China would require a down payment of at least 60 percent for second-home buyers, up from 50 percent currently, according to a state media report citing a cabinet statement.


Source: Reuters

[winston]

Not vested

Singapore-listed Chinese developer Yanlord may be in focus after it said on Monday it has teamed up with GIC Real Estate to buy a prime residential site in Tianjin, China for 1.16 billion yuan ($176.2 million).

Source: Reuters

[LenaHuat]

This project is Yanlord's fifth collaboration with the affiliate of GIC Real Estate since 2007.

[winston]

Not vested

Yanlord Land , a Singapore-listed Chinese property developer, may be in focus after it said its fourth quarter net profit rose 51 percent to 825.4 million yuan ($125.6 million) from a year earlier, partly helped by higher average selling prices.


Source: Reuters

[winston]

Not vested

RESEARCH ALERT-IIFL starts Yanlord at sell, target S$1.18

SINGAPORE, Mar 18 (Reuters) - Indian broker IIFL has initiated coverage of Singapore-listed Chinese property Yanlord Land at sell with a target price of S$1.18.

STATEMENT: IIFL said it estimates selling prices of Yanlord's properties to fall 20-30 percent in 2011-2012, due to tightening measures by the Chinese government.

"The government will aggressively increase public housing supply, which will lead to price competition in the private housing segment over the next five years," said IIFL in a report.

But it noted that Yanlord, which focuses in the high-end market, should be less affected.

At 0252 GMT, shares of Yanlord were 0.7 percent lower at S$1.37, and have fallen 18.5 percent since the start of the year.


Source: Reuters

[winston]

Not vested

YANLORD LAND - Singapore-listed Chinese property developer Yanlord said on Wednesday its first quarter net profit rose 197 percent year-on-year to 267.9 million yuan ($41.3 million), helped by the higher gross floor area delivered to customers.


Source: Reuters