Yanlord Land Group

SINGAPORE (June 6): OCBC Investment Research is initiating coverage on Yandlord Land Group with a “buy” rating, fair value estimate of $2.24, and FY18F dividend yield of 4.4% which translates into potential total returns of about 36%.

SINGAPORE (May 14): Yanlord Land, the developer of property in China’s high-growth cities, reported a 15% fall in 1Q earnings to RMB797 million ($168 million) from a year ago.

SINGAPORE (Apr 12): Asia Radiant, a joint venture entity between Yanlord Land Group and Hongkong Land Holdings’ MCL Land, has won the tender for the en bloc sale of Tulip Garden with a bid of $906.9 million.

SINGAPORE (Apr 9): Yanlord Land Group, through its wholly-owned subsidiary Nanjing Renyuan Investment, has acquired a 19.8% interest in Tianjin Hefa Property and 16.5% interest in Tianjin Lianzhan Property Development for RMB 7.55 billion ($1.57 billion).

SINGAPORE (Mar 15): Yanlord Land Group's subsidiary, Hainan Yanlord Luqiao Investment, has acquired a 100% stake in Hainan Jinzhong Industrial Development for RMB32 million ($6.6 million).

SINGAPORE (Mar 8): Zhong Sheng Jian, chairman and CEO of Yanlord Land Group, has bought shares in his company from the open market this past week, bringing his level of interest in the China-based developer to 68.67%, from 68.52% a week ago.

SINGAPORE (Mar 1): Yanlord Land Group announced fourth quarter earnings dropped 23% to RMB 1.19 billion ($248.9 million) in 4Q17 from RMB 1.55 billion in 4Q16.

SINGAPORE (Nov 13): Yanlord Land Group, the developer focusing on developing high-end integrated property projects in high-growth China cities, reported 3Q earnings rose 11.2% to RMB627.5 million ($128.6 million) from RMB564.2 million a year ago.

SINGAPORE (Nov 10): At least one new deal has been announced every day over the last week, with the largest being COSCO Shipping International (Singapore)’s $488 million offer for logistics services provider Cogent Holdings on Nov 3.

SINGAPORE (Nov 9): Real estate developer Yanlord Land Group has, through its wholly-owned subsidiary Yanlord Land (Chengdu) Co., acquired an 80% interest in Chongzhou Yanlord Land Co. for RMB 321 million ($65.9 million).