Yanlord Land

[helios]

YanLord is one of the GLC stock, isn't it?

Was checking its chart yesterday ... no entry point ...

[Aspellian]

:arrow: YanLord is one of the GLC stock, isn't it?

Was checking its chart yesterday ... no entry point ...

You mean Govt-Linked-Company (GLC)?

i not sure whether Temasek has stakes in it but GLC usually refers to Spore Inc companies with Temasek as main shareholders. GLCs are like crown jewels of Spore's economy. eg. Keppel Corp, Capitaland, SIA, ST Eng etc.

[winston]

Yanlord is not a GLC.

[winston]

If you owned shares in Yanlord, you may want to read to comments by the mayor of Shanghai.

That article is filed in the "China Properties" thread, located in the "Asian" section.

[winston]

They forgot to mention the land price, which I think is doubled what Yanlord paid for the same location ..

YANLORD - China's property firm Yanlord Land Group said it has acquired residential sites in Shanghai for 2.61 billion yuan ($382 million). JPMorgan said Yanlord's land purchases are cheaper compared to recent deals done by a local rival, but it may have little impact on shares as the deal has a neutral effect on net asset value.

Source: Reuters

[Aspellian]

They forgot to mention the land price, which I think is doubled what Yanlord paid for the same location ..

YANLORD - China's property firm Yanlord Land Group said it has acquired residential sites in Shanghai for 2.61 billion yuan ($382 million). JPMorgan said Yanlord's land purchases are cheaper compared to recent deals done by a local rival, but it may have little impact on shares as the deal has a neutral effect on net asset value.

Source: Reuters

Some property bigwigs really very smart bizmen. they timed market to close to perfection! i salute the CEOs in Capitaland, City Devt and Yanlord.

[Aspellian]

Yanlord Land Group, the luxury property developer of residences and integrated commercial developments in China, says it has acquired another four prime residential development sites with a total planned gross floor area (GFA) of about 162,074 square metre (sqm) in Waigaoqiao District, Pudong, Shanghai, for RMB 2.61 billion ($541 million) in a public land auction.

Situated on the southern edge of Shanghai’s latest eco-development district Senlan Waigaoqiao (森兰·外高桥), the four adjacent sites — A2-1, A6-1, A7-1 and A9-1 — will be connected via Pudong’s main throughfares of Zhangyang Road leading to Lujiazui and Yaohan as well as the Fuxing tunnels.

With the emergence of the Pudong new district as an international financial centre and international transport and logistical hub, Senlan International Community, which rests between the district’s key sectors will play a pivotal role as the centrepiece that links the Lujiazui financial centre, the Wujiaochang CBD, the Waigaoqiao Free Trade Zone, the Waigaoqiao Port, the Jinqiao Industrial Park and the Pudong International Airport.

Source: The Edge

[winston]

Not vested.

DJ MARKET TALK: Yanlord +2.9%; Land Buy NAV Impact Small - DBS


0703 GMT [Dow Jones] Yanlord Land (Z25.SG) higher, tracking strength in China plays today; but stock neutral to company's land purchase news given limited impact on net asset value (NAV). Shares +2.9% at S$2.46 with resistance tipped at this month's intraday high of S$2.60.

China-based developer has bought 4 adjacent residential sites in Shanghai for CNY2.61 billion, plans to build prime residential apartments. DBS Vickers, who has Buy rating, says average selling price assumption for the sites is lower than what Yanlord had achieved at Yanlord Riverside City, as new sites are in area that is still more associated with industrial development.

Estimates land acquisition will increase Yanlord's NAV by only by 1 Singapore cent; raises target price to S$2.81 from S$2.80. Adds, new sites expected to contribute to Yanlord's earnings only in FY12.

Source: Dow Jones Newswire

[winston]

Not vested. From DBS:-

Yanlord’s 3Q09 PATMI jumped 935% yoy to S$91.1m on the back of a 6 fold increase in topline to S$583.4m.

This boosted 9M09 earnings to S$207m, 142% above the comparable period a year ago, and forming around 72% of our FY09F.

Buoyed by S$404m of positive operating cashflow in the quarter, Yanlord’s financial position also improved significantly.

[LenaHuat]

Yanlord's bet on Shanghai is . Shanghai properties will run up beyond Expo 2010. And they have this choice land bank in Zhuhai.