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1721-1740 of 2078
Sold off last wk.. today back with full force again on its warrants ;)
Recommendations Yanlord Land Group Limited
Consensus Recommendation: Outperform
Analyst Recommendations and Revisions:
Last Updated: 26 Sep 2009
Current:
(1) BUY: 4
(2) OUTPERFORM: 4
(3) HOLD: 2
(4) UNDERPERFORM: 0
(5) SELL: 0
Mean Rating 1.80
(BUY; S$2.46; Price Target: S$2.81 (Prev. S$2.80);YLLG SP)
Yanlord Landbanks at Waigaoqiao
Yanlord has announced land acquisitions at Waigaoqiao in
Pudong District, Shanghai. It had acquired four residential
parcels with a total GFA of approximately 162,074 sqm in a
public land auction, for a total of RMB 2.61bn or around RMB
16,000 psm. These sites are adjacent to Yanlord's earlier
acquisitions in Jul 2008 at the same Waigaoqiao District, which
were acquired at a lower RMB 1.19bn (total area of 158,600
sqm) or RMB 7,500 psm. Yanlord plans to combine these land
parcels with a total GFA of approximately 320,000 sqm for the
development of a large-scale international community, and the
combined land cost works out to be RMB 11,850 psm.
The Waigaoqiao sites are located on the southern edge of
Shanghai's latest eco-development district "Senlan
Waigaoqiao". It is currently close to the Waigaoqiao Free Trade
Zone and Waigaoqiao Port, and hopes are that the District will
capitalise on the potential brought about by new industrial
development and an influx of new and foreign talents.
Our current ASP assumption for the Waigaoqiao site is around
RMB 28,000 sqm, lower than what Yanlord had achieved at
Yanlord Riverside City, given that the current area at
Waigaoqiao is still more associated with industrial
development. This works out to an EBIT margin of around
30%. Keeping ASP assumptions constant, the latest acquisition
would increase Yanlord's RNAV by 1 cent from S$3.11 to
S$3.12. Maintaining our 10% discount would increase TP by 1
cent from S$2.80 to S$2.81. In terms of sensitivity, every 10%
increase in ASP for Waigaoqiao would add 5 cents to Yanlord's
RNAV. We expect Waigaoqiao to contribute to Yanlord's
earnings only in FY12. Maintain BUY.
DBS Group Research . Equity 23 September 2009
Establishment of a Joint Venture Company, Yanlord Ho Bee Investments Pte. Ltd.
http://www.youtube.com/watch?v=151bPmYGGzg&feature=PlayList&p=2A6108CEEED81919&index=0&playnext=1
Ho ho ho be be be...Ho Yan Be Lord... must go higher to new high during the reporitng season.
No fear, reporting season akan datang, mid Oct is where the game kicks off, this Bollinger band hsa narrowed, what will we see next? Based on the past behaviour, it is likely to ...... ! It may just reach the analysts target price. Now is time to collect when folks are taking profit,
This baby start to go up again now keke....
'If exports picked up on a strong US economic recovery in the first half of 2010,
the key driving forces of China's economic growth would still be exports, property and investment,'
(BT - REUTERS, 24 September 2009)
Ba Shusong with the Development Research Centre, a think tank under the State Council, or cabinet, told the China
Securities Journal that economic restructuring would become Beijing's top concern once it had revived growth.
'If exports picked up on a strong US economic recovery in the first half of 2010, the key driving forces of China's economic
growth would still be exports, property and investment,' Mr Ba was quoted as saying.
China has enjoyed annual growth of about 10 per cent in recent years, boosted by a surge in exports that has faded
because of the global crisis. As a result, growth this year is likely to be closer to 8 per cent - too weak for comfort
for China's leaders.
'If exports once again become a growth engine in 2010, China would be forced to buy more dollar assets for its foreign
exchange reserves. The imbalance between the Chinese and US economy would remain,' Mr Ba said.
China could be enjoying double-digit growth again by early 2010 but at the cost of the persistence of economic
imbalances, a government economist said in remarks published on Thursday..........
sorry -40
thomas_low ( Date: 23-Sep-2009 21:07) Posted:
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Seems like Williams still only at 55, plenty of room to go higher, not even touching the upper bollyband, see you again at the top....maybe by Friday.
Break out resistance 2.44 and the next resistance 2.53 is blocking ahead. A double bottom pattern look like on the way forming if price moves further to 2.53. Most of the indicators support uptrending now.
Cheong liao haha.... SAR also cheong ah!!!
Yanlord Power up +0.08! Wow
China's Property sector will remain positive !
China home prices up 2 pct in August amid recovery
2009-09-10
Housing prices in China rose for a third month in August, adding to signs of the country's economic recovery,a government report said Thursday.Prices in August climbed 2 percent from a year earlier and 0.9 percent over July, according to the Cabinet's National Development and Reform Commission and the National Bureau of Statistics.The strength in the real estate market is in line with the country's broader economic recovery, economists said. China's economic growth accelerated to 7.9 percent in the latest quarter, up from 6.1 percent the previous quarter."The outlook for China's property sector is positive," said Sherman Chan, Moody's Economy.com economist, in a report.
YANLORD LAND GROUP LTD - Result expected by Philips in 11/11/2009
The Williams is low, the momentum has dropped for a bit but afternoon we see more activities, will get more business, I think this round it make set new high.
integra ( Date: 21-Sep-2009 17:21) Posted:
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PRESS RELEASE – YANLORD EXTENDS PRESENCE IN
SHANGHAI THROUGH ACQUISITION OF FOUR ADJACENT
RESIDENTIAL SITES IN WAIGAOQIAO OF PUDONG DISTRICT
http://yanlord.listedcompany.com/newsroom/20090922_193916_Z25_40781458999BB6BB4825763900383CBC.1.pdf
ya..any weakness is good for collection...
freeme ( Date: 21-Sep-2009 23:07) Posted:
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currently either way i will be hapi also.. any further weakness is time to collect more..
yes.
As at 18 Sep 09
Stochastic: 25
Williams: -55
Upside movement. Sweet! :)