Yanlord Land Group

Broker's Calls

OCBC lowers Yanlord Land Group's TP to $1.16 on 'weaker contracted sales outlook'

The team has cut its PATMI forecasts for the FY2021 and FY2022 by 32.4% and 20.4% on lower FY2021 contracted sales.

Property

Yanlord's total contracted pre-sales decline 16.3% in December 2021

Singapore was one of the top five areas which contributed to Yanlord's total contracted pre-sales in FY2021.
Initial phase of Yanlord's latest Shanghai development 100% sold  - THE EDGE SINGAPORE

Property

Initial phase of Yanlord's latest Shanghai development 100% sold

The initial 299 units of Yanlord Arcadia, a development in Shanghai by Yanlord Land Group, has sold out within 5 hours of launch

Property

Yanlord generates pre-contracted sales of RMB36.8 bil for 9MFY2021, down 30.9% y-o-y

The slowdown for the month of September is more pronounced
Yanlord Land tops sector; First Sponsor wins for earnings growth and shareholders' returns - THE EDGE SINGAPORE

Billion Dollar Club 2021

Yanlord Land tops sector; First Sponsor wins for earnings growth and shareholders' returns

Yanlord Land also retains its win for best ROE in the real estate sector.
Chairman Zhong of Yanlord Land and Tangs of SingHaiyi see stakes rise in respective companies - THE EDGE SINGAPORE

Chairman Zhong of Yanlord Land and Tangs of SingHaiyi see stakes rise in respective companies

The last time Zhong bought shares from the open market was on May 4 - at $1.36.
Yanlord in healthy financial position to mitigate industry headwinds: OCBC - THE EDGE SINGAPORE

Broker's Calls

Yanlord in healthy financial position to mitigate industry headwinds: OCBC

OCBC has reiterated its 'hold' rating for Yanlord after the company reported its 1H21 results.

Property

Yanlord and Ho Bee Land enter into agreement to jointly develop site in Tianjin, China

Through the agreement, Yanlord will hold 51% in the joint development, while the remaining 49% will be held by Ho Bee Land.
Yanlord sees 57.6% higher total contracted pre-sales of RMB7.66 bil in April - THE EDGE SINGAPORE

Property

Yanlord sees 57.6% higher total contracted pre-sales of RMB7.66 bil in April

The contracted pre-sales figure, as well as GFA, represented y-o-y increases of 57.6% and 55.7% respectively.
Yanlord's Zhong snaps up $8.5 mil worth of shares following favourable credit ratings - THE EDGE SINGAPORE

Yanlord's Zhong snaps up $8.5 mil worth of shares following favourable credit ratings

Zhong Sheng Jian, chairman and CEO of Yanlord Land, raises his stake to 70.825% from 70.719% after favourable credit ratings.
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