Yanlord Land

[winston]

not vested

STOCKS NEWS SINGAPORE-Yanlord up on hopes of strong Q2, Aberdeen ups stake

Shares of Yanlord Land Group Ltd rose as much as 4 percent, to a two-week high after Aberdeen Asset Management raised its stake in the property developer and on expectations it will report strong quarterly earnings.

By 0314 GMT, Yanlord was up 2.9 percent at S$1.25, and have surged nearly 31 percent so far this year, compared to the FT ST China Index's <.FTFSTC> 1.4 percent gain.

Aberdeen Asset Management Asia bought 2 million shares at S$1.2192 each in Yanlord, raising its stake in the company to 5.0793 percent from 4.9767 percent, according to a stock exchange filing.

"People are expecting quite a strong set of earnings, partly because of low base last year and also improving residential sales in China," said an analyst who declined to be named.

The property developer will report its second-quarter earnings later in the day after the market closes.

Source: Reuters

[winston]

not vested

YANLORD ($1.26, up 3):

Aberdeen Int’l Fund has become a substantial shareholder, with the purchase of 1.446 mln shares at $1.24 each.

Yesterday, a well known fund manager expressed bullishness on banking and property stocks in China, probably the worst performing market in recent years, with Shanghai Composite trying to find a bottom, as is Yanlord.

We believe it is worth taking a cue from Aberdeen, hence a BUY. . . . .

Source: Lim & Tan

[winston]

not vested

YANLORD ($1.23, down 3):

Peter Lim sold 3.229 mln shares on Friday Oct 19, when the stock traded at $1.275 - 1.30. Recall purchases by Peter Lim / Wee Ee Chao / Kuok Khoon Hong (working in collaboration) in November ’11 at prices ranging from 99 cents to $1.06 that sparked a rally in the stock.

(Stock had fallen to 70.5 cents on 4/10/11; and rebounded to a high of $1.465 on Feb 24 this year.)

Recall also recent buying interest by Aberdeen Asset last week, picking up shares at $1.22 - 1.26.


Source: Lim & Tan

[winston]

not vested

3Q12 results for Yanlord Land Group were in line with expectations.

FY13 contracted sales is constrained by saleable resources.

Saleable resources for FY13 is lower than in FY12 (and lower than our estimate), mainly due to the slow construction pace in 2H11 and 1H12.

Yanlord will still take a prudent approach in new land acquisitions to ensure a stronger balance sheet.

Maintain HOLD, TP S$1.24.

Source: DBS

[winston]

not vested

Yanlord Land Group’s FY13 results in line but financial position is better than expected.

2014 sales target of Rmb16.8bn appears to be achievable.

Yanlord continues to speed up construction for future growth, but moving inventory is more important.

Maintain HOLD, target price S$1.24.


Source: DBS

[tonylim]

Hi Winston,
Could you post the report in full, many thanks.
Regards/Tony Lim

[winston]

Hi Tony,

I checked again.

That's all I have.

It was only a short comment in the DBS Wired Daily report.

Take care,
Winston

[tonylim]

Many thanks Winston.

[winston]

Singapore Real Estate Billionaire's Tip For China Success: Innovate Or Die

When in 1997 Singapore entrepreneur Zhong Sheng Jian’s Yanlord Land launched what today is one of his most successful Shanghai residential projects, Yanlord Riverside Gardens, there were hardly any buyers.

“I thought, ‘How could no one want this property?’” Zhong recalled in a recent interview with Forbes.

More than a decade and a half later, real estate in that area is worth more than 10 times what he charged customers.

Source: Forbes

http://www.forbes.com/sites/russellflan ... te-or-die/

[tonylim]

Good level to enter now ?