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from the chart, it looks bullish...super strong reversal signal...(going up)
previous day was narrow trading day with extreme high volumn...a good sign...
i can see you feeling bored there... not need to waste your energy to glue your eyeball to the screen, today is Friday, F1 man... ha hah a.. what's up ..
wah kor! still 99cts range ?!? wonder any action later when SGX buy-in...hee ..keeping my finger cross...
SHORT? CONTRA ?! :P
*yawn loud* no action 98.5 or 99cts...wah kor!! can move out of this range so i can SHORT or CONTRA leh !! :D
Yanlord Says Land Acquisitions Legal After Record Share Drop
By Chen Shiyin
Sept. 25 (Bloomberg) -- Yanlord Land Group Ltd., which fell by a record in Singapore trading yesterday, denied allegations it received assistance from a former Chinese government official for its land purchase and said it acquired the sites legally.
``This type of news will have a negative impact on sentiment,'' said Alice Chong, a Hong Kong-based analyst at CIMB-GK Securities, who has an ``outperform'' rating on the shares. ``However, I believe that the existing land bank is not related to any bribery case as it's all been won through auction.''
The company reiterated that all its land acquisitions, including those acquired through public tenders and auctions, were ``conducted in a legal and transparent manner'' Yanlord Land said in the statement to the Singapore exchange today.
By Chen Shiyin
Sept. 25 (Bloomberg) -- Yanlord Land Group Ltd., which fell by a record in Singapore trading yesterday, denied allegations it received assistance from a former Chinese government official for its land purchase and said it acquired the sites legally.
``This type of news will have a negative impact on sentiment,'' said Alice Chong, a Hong Kong-based analyst at CIMB-GK Securities, who has an ``outperform'' rating on the shares. ``However, I believe that the existing land bank is not related to any bribery case as it's all been won through auction.''
The company reiterated that all its land acquisitions, including those acquired through public tenders and auctions, were ``conducted in a legal and transparent manner'' Yanlord Land said in the statement to the Singapore exchange today.
duno to short or long.
Yld
B.995-225
B.99-292
S 1.02-110
S 1.03-502
wow...buy-in today :
Yanlord 167,000
wow!!!! looks like more buy-in tomor :P and T+3 from today..haha...cheers!
wonder what will be the outcome of this burger
i m awaiting today SGX buy-in list see got any buy-in for this burger ..hee! :D
ok the MAS announcement here:
CLARIFICATION ON MEDIA ARTICLES PERTAINING TO SHANGHAI YANLORD
The Board of Directors (the “Board”) of Yanlord Land Group Limited (the “Company”, and together with its subsidiaries, the “Group”) wishes to provide the following clarification in response to recently published media articles associating Shanghai Yanlord Property Co., Limited (“Shanghai Yanlord”), a subsidiary of the Company, to graft charges raised against a former vice governor of the Pudong New Area in Shanghai:-
1) Mr Kang Huijun, a former vice governor of the Pudong New Area, and his family have been residents of Yanlord Gardens since the purchase of an apartment unit in 2001. In March 2006, Mr Kang traded in this apartment and purchased a larger but old show flat in Yanlord Gardens to be used by him and his family for residential purpose. In consideration of the publicity benefits that Mr Kang’s residency would bring towards the sale of apartments at Yanlord Gardens, both of the aforesaid units were priced based on the launch prices of apartment units in Yanlord Gardens Phase 1. The Group reiterates that the above transactions fall within the ordinary course of its business involving sale and promotion of our apartment units.
2) The media articles reported that between 1993 to 2001, Mr Kang had abused his capacity as vice governor of the Pudong New District by giving Shanghai Yanlord the land use rights of land parcels SB4-1,2,3,4 and SB5-1,2 sited along Pudong Century Avenue for development into Yanlord Gardens. The Company wishes to state categorically that the above statement is untrue as Shanghai Yanlord did not receive any assistance from Mr Kang in obtaining the land use rights of any land parcels.
3) The Group reiterates that all its land acquisitions, including those acquired through public tenders and auctions, are conducted in a legal and transparent manner in accordance with the relevant governing rules and regulations.
On behalf of the Board
Zhong Sheng Jian
Chairman and Chief Executive Officer
25 September 2008
1.01! climbin steadily
its unbelievable how these guys clear the queues.
YL mgmt in its statement to SGX deny any wrong doing leh. Given it the benefit of doubts, I think its a buy now.
sigh.all these thick queues on troubled shares.
it heng alrdy, shed only 21.6% since high. ha ha our Kep Ld shit out 50 % since Jan this yr.
dumped the burger in May, if not hold until now, can't recognise house liao.
well...wait for SGX buy-in T+4 loh...haha i m sure many shortist caught naked yester HALT after lunch :P
another bright shiny china star is falling.... they have to get out from <1.00 as soon as possible? if not the more volume done <1.00, it is harder for them to climb back to 1.50 level because these people (today purchases) will have good profit to sell along the way... not to mention those people at high price... even 4.40 last year....
sad to see another china shares drop shit..
wah...even with the MAS annoucement...diehard SHORTIST still attempt to short at open to 97.5cts siah!! fighting strong at 1.01 now...wonder who will win? hee.....
Thu n Fri is the days u tikam this burger. no harm loh. buy one also can lah.