Yanlord Land Group *Official* (SGX:Z25)

Mancunian2

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If have trailing stop yesterday morning dump would have flushed me out already
This stock has strong fundamentals, can hold :)

knn, yesterday i put 1.73 buy order, hoping to add on retracement

low of day was 1.735 :((
 

Jupiter2017

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http://www.businesstimes.com.sg/companies-markets/yanlord-acquires-majority-stake-in-chengdu-site
Thu, Nov 09, 2017 - 7:52 PM
Yanlord acquires majority stake in Chengdu site

REAL estate developer Yanlord Land Group has, via its wholly owned subsidiary Yanlord Land (Chengdu), acquired an 80 per cent stake in Chongzhou Yanlord Land Co for 321 million yuan (S$65.93 million).
Chongzhou Yanlord Land Co, formerly Chongzhou Xinlei Property Development Co, holds the development rights to a 106,044 sq m integrated development site in Chongzhou city, Chengdu.
Surrounded by natural surroundings and historical sites, the site is ideally situated for a prime low density integrated development, the company highlighted.
Zhong Sheng Jian, Yanlord's chairman and CEO, said: "With China's growing affluence, there has been an increasing trend of Chinese consumers gravitating towards spending in sectors like high-quality health care and in seeking lifestyles away from the hustle of city living. This latest acquisition ideally positions Yanlord to capitalise on this trend."
 

Jupiter2017

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http://www.businesstimes.com.sg/companies-markets/yanlord-q3-profit-up-11
Yanlord Q3 profit up 11%
Mon, Nov 13, 2017 - 11:15 PM Nisha Ramchandani nishar@sph.com.sg

YANLORD Land Group's third-quarter net profit increased 11 per cent year on year to 627.52 million yuan (S$128.7 million), thanks in part to lower cost of sales and higher share of profits of joint ventures.
Revenue fell 32 per cent to 3.76 billion yuan "as a result of the decrease in gross floor area delivered to customers in Q3 2017 over the same period last year", it said.
Earnings per share rose from 28.97 fen to 32.41 fen.

Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=Z25.SI
 

Jupiter2017

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http://www.straitstimes.com/business/companies-markets/brokers-call-singapore-post
A version of this article appeared in the print edition of The Straits Times on November 20, 2017, with the headline 'Brokers' Call'.
....
....
YANLORD LAND GROUP | BUY
Target price: $2.25
Nov 15 close: $1.67
DBS Group Research, Nov 15

The company's nine-month result for FY2017 was in line with expectations.
Management has guided down 2017 pre-sales target, but has a better sales outlook for 2018 with pre-sales expected to increase to 30 billion yuan (S$6.1 billion).
This will be supported by land-bank replenishment at low cost.
Yanlord bought one project in Shanghai, one in Wuhan, and projects in Hangzhou this year.
Yanlord is trading at 5.4 times FY18 price earnings and 0.6 times price-to-book value (versus historical average of 9.3 times price earnings and 1.1 times price-to-book value).
Yanlord's earnings visibility for FY17 is high with 27 billion yuan unrecognised sales outstanding, of which 45 per cent will be booked in the fourth quarter of this year. This matches our full-year revenue estimates. We maintain our target price of $2.25 based on 7.1 times FY18 price earnings and our "buy" call.
 

Jupiter2017

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http://www.businesstimes.com.sg/rea...e-3-of-oasis-new-island-gardens-for-259b-yuan
Yanlord sells out phase 3 of Oasis New Island Gardens for 2.59b yuan
Mon, Nov 20, 2017 - 8:05 PM Lynette Khoo lynkhoo@sph.com.sg

YANLORD Land Group Limited sold all 636 apartments on the first day of the launch of Oasis New Island Gardens (Phase 3) in Nanjing for 2.59 billion yuan (S$529.6 million) in total pre-sales value.
The sell-out took place despite curbs by the Chinese government on prices and sales of first-hand homes and even a requirement by the group for buyers to commit to an 80 per cent downpayment.
The average selling price works out to 36,000 yuan per square metre (psm) for the total 72,000 sq m gross floor area (GFA) of residential units.
Yanlord's chairman and CEO Zhong Sheng Jian said: "Strong upgrader demand and healthy inflows of populations into first-tier and core second-tier cities continue to drive demand for high-quality residential developments."
"In addition, the current market environment also provides us with the opportunity to selectively manage the average selling prices of our developments to enhance the profitability of our projects," he added.
Yanlord is known for developing high-end homes in first and second-tier cities in China. It is also involved in Sino-Singapore Nanjing Eco Hi-tech Island - a flagship economic collaboration programme developed under the auspices of the Singapore Jiangsu Cooperation Council.
Oasis New Island Gardens is situated within the island, along the idyllic riverfront offering an unobstructed view of the Yangtze River and is in close proximity to the New One North Science Park.
The first phase of the project was launched in November 2014, with units sold at 22,000-24,000 yuan psm. Resale prices of these phase-one units now hover around 42,000-45,000 yuan psm in the secondary market, a Yanlord spokesman said.

Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=Z25.SI
 

Jupiter2017

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http://www.businesstimes.com.sg/com...redevelopment-site-in-shenzhen-luohu-district
Yanlord acquires stake in a prime redevelopment site in Shenzhen Luohu district
TUE, DEC 19, 2017 - 6:27 PM NISHA RAMCHANDANI nishar@sph.com.sg

REAL estate developer Yanlord Land Group's wholly owned subsidiary, Yanlord (Shenzhen) Investment Management Co, has acquired a 65 per cent stake in Shenzhen Dongguan Shengtai Investment Co for about RMB563 million (S$115 million).
The Shenzhen Dongguan Shengtai Investment Co holds the development rights to a prime 55,000 square metre gross floor area redevelopment site, Gongfang Dasha.
Located in the LuoHu district - which is the key shopping and commercial district of the Shenzhen Special Economic Zone - the site is connected to key thoroughfares through the city and is also close to two metro stations.
Business and lifestyle amenities will include hospitals, proximity to key government offices and natural parks as well as schools.
Zhong Sheng Jian, Yanlord's chief executive officer, said: "This latest acquisition provides us with a unique opportunity to expand our prime development landbank within LuoHu district, the traditional heart of Shenzhen's commercial and business developments, and reflects our commitment to the Shenzhen real estate market as well as the group's confidence in the continued development of the Pearl River Delta Region."

Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=Z25.SI
 

Shion

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Shion

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Yanlord and GIC to co-invest up to $1.38 billion in China residential projects

Yanlord and GIC to co-invest up to $1.38 billion in China residential projects

https://www.theedgesingapore.com/ne...invest-138-billion-china-residential-projects

Developer Yanlord Land Group, which has most of its projects in China, is teaming up with sovereign wealth fund GIC to co-invest in residential projects in China.

Under this so-called cooperation programme, which is held in a 51:49 split between Yanlord and GIC, the two parties will invest up to RMB7 billion ($1.38 billion) over a seven-year period. They have the option to extend the programme by another two years.

This isn’t the first time Yanlord and GIC are joining hands. Since 2006, the two parties have co-operated to invest in Nanjing and other key cities in China.

“The cooperation programme will further strengthen our presence in the PRC and create value to the shareholders,” says Yanlord’s chairman and CEO Zhong Sheng Jian.

On July 6, the company reported a 65% increase in total contracted pre-sales to RMB29.77 billion for 1H20 ended June, compared to RMB18.04 billion in 1H19.

Yanlord shares closed at $1.22 on Aug 4, up 0.83%.
 

Shion

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Moody's changes outlook for Yanlord to 'stable' from 'negative'

Moody's changes outlook for Yanlord to 'stable' from 'negative'

https://www.theedgesingapore.com/news/property/moodys-changes-outlook-yanlord-stable-negative

Moody’s Investors Service has changed the outlook for Yanlord Land Group to “stable” from “negative” on March 9.

"The change in outlook to stable from negative reflects our expectation that Yanlord's credit metrics will continue to improve over the next 12-18 months, supported by its strong revenue growth and controlled debt increase," says Cedric Lai, a vice president and senior analyst at Moody’s.

For the FY2020, Yanlord has seen a 41% growth y-o-y of total contracted sales to RMB78.5 billion ($16.21 billion), despite the Covid-19 outbreak. This comes after it posted a 103% y-o-y growth for total contracted sales of RMB55.5 billion for the FY2019.

On the revenue growth, Lai says, “the rating affirmation reflects our expectation that the company will maintain its financial discipline and good liquidity position over the next 12-18 months”.

In addition, the credit rating company has maintained the property group’s Ba2 corporate family rating (CFR) and the Ba3 backed senior unsecured rating on the bonds issued by Yanlord Land (HK) Co, a subsidiary of the group, and guaranteed by Yanlord.

According to Moody’s, the Ba2 CFR reflects the group’s established brand name and high-quality products, though it’s being dragged by its geographic concentration, moderate debt leverage and material exposure to joint venture (JV) businesses.

“Moody's expects Yanlord's debt leverage -- as measured by revenue/adjusted debt -- will continue improve to 65%-72% over the next 12-18 months from 49% in 2020 and 30% in 2019,” reads the statement by the credit rating company.

“This is driven by Moody's expectation of Yanlord's strong revenue recognition on the back of its strong contracted sales growth over the past two years, as well as its disciplined approach to pursuing growth and controlling debt increase. Specifically, the company managed to reduce its total adjusted debt by 22% year on year to RMB48.7 billion as of the end of 2020,” it adds.

For the FY2021, Moody’s also expects Yanlord’s EBIT/interest coverage to improve to 3.5 times to 4.0 times over the same period from 3.0 times in FY2020.

Furthermore, Yanlord’s gross profit margin (GPM) is likely to be lowered to around 28% in the next 12 to 18 months from the 36% in FY2020.

However, Moody’s says it believes Yanlord will see total contracted sales to grow to RMB80 billion to RMB85 billion annually in FY2021 and FY2022 due to its sizeable saleable resources, strong sales execution and solid housing demand in its core markets.

Shares in Yanlord closed 1 cent higher or 0.9% up at $1.15 on March 9.
 

Shion

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Yanlord in healthy financial position to mitigate industry headwinds: OCBC​


https://www.theedgesingapore.com/ca...ial-position-mitigate-industry-headwinds-ocbc
Following the release of Yanlord Land Group's 1HYFY2021 ended June results on August 12, OCBC Investment Research has reiterated its 'hold' rating on the counter with an unchanged target price of $1.20.

In an August 17 research note, OCBC’s research team notes that Yanlord’s 1HFY2021 results were in line with its expectations, with the group reporting PATMI of RMB823.4 million ($172.9 million), up 67.1% y-o-y.

While revenue for the 1HFY2021 jumped 44.7% y-o-y to RMB13.2 billion, gross profit grew only 7.5% y-o-y as margins were compressed by 9.2 percentage points y-o-y to 26.7%. While management has guided that higher margin projects will be delivered in the 2HFY2021, the OCBC team highlights that the group’s overall gross margin for FY2021 is expected to decline.

Contract sales are also expected to fall in FY2021, after Yandlord reported an 11.5% decline y-o-y for 7M2021. “Management reiterated its full-year contracted sales target of RMB70 billion, which implies an expected dip of [approximately] 11% from FY2020,” the team says.

Nonetheless, the team points out that Yanlord’s financial position remains 'healthy', allowing it to mitigate industry headwinds. Net gearing ratio improved to 49.9% as at June 30, compared to 63.2% as at end-FY2020. “Its total cash over short-term debt was 2.8 times, and total liabilities (less contract liabilities) over total assets (less contract liabilities) was 66%, based on our calculations,” they add.

To that end, they have kept their forecasts unchanged.

The team notes that potential catalysts for Yanlord include the easing of price caps in key cities which Yanlord has exposure to, stronger-than-expected pre-sales, and a boost in dividends per share.

Meanwhile, investment risks include further property cooling measures which could impact earnings, rising offshore funding costs and foreign exchange risks and overspending on land bank acquisitions.

As at 3.05pm, shares in Yanlord are trading flat at $1.19.
 

Perisher

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Enter this at $1.1~ due to its steep decline. Looks like a good hold.
 

Perisher

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can buy tiongland ppty developers?
Yanlord not new. Listed since 2006, think around $1.08?

Total dividends return through the years about 60% already… they even pay through the 2008 gfc… too bad not much in terms of price gain.
 

Weaboo

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Yanlord not new. Listed since 2006, think around $1.08?

Total dividends return through the years about 60% already… they even pay through the 2008 gfc… too bad not much in terms of price gain.
ok follow u tmrw
 

Perisher

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ok follow u tmrw

If anything happen, it’s your own $$ hor.
If u want sure fire profit, msft, aapl, googl, brkb, much safer.

As always, dyodd. This should not be construed as financial advise.
 

Milo-Dino

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Kinda regret never take profit at $1.40 earlier this year.. Now almost back to my cost price
 
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