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Yanlord Land
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Lord of the China property market
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EastonBay
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26-Jan-2007 11:22
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Since its market is in China, it should not be affected by the ban on sand sales. Also, with it's good results announced, I do not understand why it is heading south. Any enlightenment? |
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marky27
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24-Jan-2007 16:54
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how come drop back to 2.24 today ? market correction ? =( |
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marky27
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24-Jan-2007 16:53
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how come drop back to 2.24 today ? market correction ? =( |
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EastonBay
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24-Jan-2007 09:57
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Trading halt... hope it's due to a good set of numbers. Needless to say, vested. |
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Nostradamus
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23-Jan-2007 23:05
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It said it estimates profits attributable to equity holders to be between $168.5 million and $171.1 million for the financial year ended 31 December, up 37.9 to 40.6% compared to the same period a year ago. |
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josephinelim
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23-Jan-2007 16:48
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News on Yanlord estimated very good profit for Y2006. See: www.ses.com.sg |
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EastonBay
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23-Jan-2007 15:30
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What is going on? Started moving only after 2pm. In fact it was hanging around 2.17/2.18 the whole morning. Anyone, any ideas? 2.28 +0.13 +6% 6330lots |
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trampas
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19-Jan-2007 13:46
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hope that it will surge to $2.70 again |
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Nostradamus
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19-Jan-2007 12:13
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It rebounded after it clarified that it has pre-paid the land appreciation tax for most of its upcoming properties. |
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zhuge_liang
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18-Jan-2007 12:15
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The rising yuan is positive for Yanlord. However, it slumped on news that China would begin collecting taxes from February in its bid to cool property speculation in the mainland. The government said on Wednesday it would begin collecting along expected land appreciation tax from next month. Strict, nation-wide imposition of the tax, which has been touted for years, follows a series of steps taken by the government last year to crack down on speculation in the country's property sector, which is viewed by Beijing as overheated. "The tax is not something new, it's been around for years," said Standard & Poor's analyst Jacphanie Cheung."Authorities wanted to use the tax to send the message to the market that they are serious in curbing speculation over the real estate sector and at the same time, of course, improve tax collection." The national tax administration outlined detailed rules on how to levy the land tax, which analysts and state media say will allow the government to collect more revenue from developers. Authorities wanted to use the tax to further tighten control over the real estate sector, Cheung said. Many cities have seen rampant land and property speculation in the last few years as developers vied to build homes for a growing urban middle class. The new regulation, which will be effective on Feb. 1, would lift such taxes to as much as 60%, the official Shanghai Securities News said on Wednesday. "The detailed rules will make it more practical for the government to collect such taxes," the newspaper said. Chen Yi, property analyst with ABN Amro in Hong Kong, expected the Chinese government to take even more steps to cool the property sector. Among measures adopted last year were a capital gains tax on apartments, restrictions on foreign buyers, and interest rate rises. Banks have also been told to curb loans to the construction industry. "In 2007 and 2008 there will be more pressure on developers' liquidity," Chen said. The Chinese Academy of Social Science, a top Chinese government think-tank, has urged Beijing to tighten its credit clampdown on the sector to prevent the sort of real estate bubble that crippled Japan's economy in the 1990s, the Xinhua news agency said on Friday. "The real question here is whether the companies have provided enough (to pay taxes)," said Nicholas Cheng, credit analyst with ING Financial Markets in Singapore. |
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zhuge_liang
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28-Dec-2006 17:40
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Yanlord andGIC on Thursday said that they had bought a prime residential and commercial site in China for $473 million. The two partners said in a joint statement that they had acquired the 306,126.5 square metre site in Nanjing, the provincial capital of China's Jiangsu province, through a government land auction. "We intend to develop this site into a thriving international community of residents. We are optimistic about the sustainable demand of mid- to high-end residential development in China," said Zhong Sheng Jian, Yanlord's chief executive officer, in the statement. The Nanjing site, which has a maximum gross floor area of 688,000 square metres, is the first to be acquired by the 60-40 jv firm between Yanlord and GIC. GIC, which manages Singapore's reserves of more than US$100b, has also tied up with other Chinese property developers: it has jvs with China Vanke Co. Ltd. and owns 23% of Beijing Capital Land. "We look forward to more such successes with our strategic partners as we continue to invest in China's high-growth cities," said Seek Ngee Huat, president of GIC's real estate arm, in the statement. |
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zhuge_liang
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24-Nov-2006 11:28
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China property stocks are racing up after China's central bank set the yuan's |
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zhuge_liang
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23-Nov-2006 18:44
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It said it would form a JV with GIC to invest in property development projects in China. Yanlord would take a 60% stake in the JV with GIC holding the remainder. The venture will invest in both residential and commercial properties in China. No wonder it has been surging. Those curbs have cooled the property market. But there's no hard landing. The high-end segment is probably the least affected. |
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chinchin
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03-Nov-2006 12:33
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Was cautious with yanlord. sold earlier before this big surge up. Any cause for this sudden surge? |
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Nostradamus
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03-Nov-2006 00:00
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Its shares hit an all-time high in morning trade as investors expect strong demand for its upcoming projects, dealers said. "Before the end of the year, they should be launching their new projects in Nanjing and Shanghai," Phillip Securities senior dealing director Gabriel Yap said. "They deliver one of a kind projects, which expect to be in strong demand, " he added. Dealers also noted that Yanlord remains unfazed by tightening measures undertaken by the Chinese mainland authorities to curb excess investment and credit growth in the property market. "While Shanghai property market in terms of volume has dropped by 25%, Yanlord's other projects in Nanjing, Chengdu and Zhuhai actually did quite well," Yap said. |
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Nostradamus
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04-Sep-2006 18:47
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UOBKH says it has started covering with a target price of $1.46 sgd per share, which is a 15% discount to the group's NAV. Yanlord looks attractive at current price levels because its more popular peers listed in Hong Kong are trading close to their NAVs, UOBKH said. "Yanlord focuses on the high or top end of the residential market. It differentiates its projects from its competitors' through innovative project designs, with a heavy emphasis on overall planning, quality of workmanship and internal furnishings," UOB Kay Hian said. It said 92% of Yanlord's land bank was in prime areas of major Chinese cities. "While the recent tightening measures have dampened sentiment and could affect sales in the near term, installing order and removing irregularities in the property market are beneficial to cash-laden and rule-abiding listed developers in the long run," UOBKH said. |
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DanielXX
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21-Aug-2006 22:31
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It is positioned in the high-end residential market which is seeing heavy regulation recently from the Chinese government. Its stronghold is Shanghai which definitely will be one of those most affected. Seeing past its recent stellar results, I tend to see dark clouds on the horizon. |
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Nostradamus
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21-Aug-2006 20:50
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It's a disciplined high-growth developer with exposure in Shanghai, Nanjing, Chengdu, Tianjing, Zhuhai and Suzhou in addition to a negligible site in Guiyang. With a track record and brand recognition envied by both competitors and the market for its well-managed fully furnished developments, it is well-positioned to capitalise on strong demand for upscale developments and substain growth momentum. Higher entry barriers to property developments and a maturing consumer base are facilitating accelerating market segmentation, benefiting quality developers like Yanlord. This is evidenced by its margin appreciation even under the current policy regime. Incomparable dvelopments on its cost-competitive landbank amid greater appreciation for capital-for-value developments will set it apart as the lord of the rings. CLSA has a price target of $1.40. |
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