Ying Li kept at “overweight” with 41.5 cents price target by NRA Capital

SINGAPORE (May 30): NRA Capital is keeping its bullish call on Ying Li International Real Estate, citing stronger growth this coming year based on advanced sales amid a rosier Chinese property market, which all in, could give this stock an upside of more than 200% from current levels.

“However, full value discovery in its share price will likely depend on other catalysts that will take time to achieve, such as higher yield over its investment properties and the recovery of capital from the sale of properties,” writes Liu Jinshu, NRA’s head of research in a May 30 note.

Liu describes the Chongqing-based developer as a stock with “high-average return and low-average risk”. He has accorded an “overweight” call and target price of 41.5 cents.

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