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article on the web saying China' s official residential real estate index figures are wrong and should be worse than announced
this must have sparked investor concern about real estate value held on Yanlord' s book
but it is kinda weird though cause at current price this is the value of SG assets only...
this must have sparked investor concern about real estate value held on Yanlord' s book
but it is kinda weird though cause at current price this is the value of SG assets only...
You should state debt per share also .
Thi654321ABCDEF ( Date: 17-Aug-2023 15:42) Posted:
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Maybe due to this?
Sentiment spill over
Yesterday night, 2 listed companies over at China announced their exposure
And this morning, over 30 queries were sent to other listed companies asking their exposure
(read from China news)
Sentiment spill over
Yesterday night, 2 listed companies over at China announced their exposure
And this morning, over 30 queries were sent to other listed companies asking their exposure
(read from China news)
Angry investors protested outside a Chinese shadow bank that missed payments. The rare public show of dissent point to serious trouble in China amid debt and housing distress.
https://www.businessinsider.com/china-economy-investors-protest-zhongrong-shadow-bank-missed-payments-crisis-2023-8
This stock must be something we don't know ... cash more than shares price ?
Purposely selling dowm --stock market sentiment , pump down later pump up , quite common , stock market theory learned in school
NAV - 3.10
Cash 1.75
NAV - 3.10
Cash 1.75
eddyeddy ( Date: 17-Aug-2023 13:54) Posted:
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Borrowing costs too high
US 10-year treasury breached 4.3%
Multi-years high (back to before Lehman Bro crisis)
Multi-years high (back to before Lehman Bro crisis)
superstartup ( Date: 17-Aug-2023 13:19) Posted:
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Today why crashed ?
17 Aug 2023 - The yield on the US 10-year Treasury rose past the 4.25% mark in August, its highest since November 2007 as markets continued to fret about prolonged periods of restrictive monetary policy. Minutes from the FOMC&rsquo s latest meeting showed a broad consensus over the Fed&rsquo s 25bps rate hike, and officials stressed that there are upside risks to inflation that could warrant further monetary tightening, pressuring Treasuries in the secondary market. Still, members expressed some uncertainty over the extent of transmission lags, raising caution against overtightening from the Committee' s more dovish members. The minutes followed strong industrial growth data that defied the bearish momentum for the sector. Also pressuring bonds, remarks from Minneapolis Fed President Kashkari underscored the central bank&rsquo s concerns over inflationary risks. Yields also remained higher due to concerns of higher bond supply after the government increased the amount of debt auctioned at the beginning of the month.
Now 4.29%
Info. only
0.70 also broke . Kee Kee kee
Keekeekee breaking new low day by day . No need to rush in so early .
Keekeekee
Keekeekee
uncle168 ( Date: 22-May-2023 15:04) Posted:
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Target price $0.60
Yanlord Land records 20% fall in H1 net profit to 1 billion yuan
&ldquo The group will continue to adopt a prudent development strategy, focused and refined operational management and rigorous financial policies to cope with the ever-changing market environment," said Yanlord&rsquo s chairman and chief executive officer Zhong Sheng Jian.
PROPERTY developer Yanlord Land Group posted a net profit of approximately one billion yuan (S$186.9 million) for the half year ended June 2023, down 20 per cent from the 1.4 billion yuan a year ago.
It attributed the decline to a &ldquo decrease in other operating income and other gains and share of profit of joint ventures as well as the increase in selling expenses and finance cost&rdquo . This was partly offset by an increase in gross profit and share of result of associates as well as decrease in administrative expenses and income tax, it added.
The property group also recorded a revenue of 14.8 billion yuan, up 31 per cent from 11.3 billion yuan in H1 2022.
Yanlord Land said in a bourse filing on Monday (Aug 14) that this was mainly due to an increase in gross floor area delivered to customers, though partly offset by the decrease in average selling price per square metre.
The group&rsquo s earnings per share of the first half fell 20 per cent to 56.7 fen, from 71.29 fen last year.
It did not declare a dividend this time.
Yanlord&rsquo s chairman and chief executive officer Zhong Sheng Jian noted that confidence in mainland had not yet recovered, in spite of measures by the Chinese government to stimulate the economy post-Covid-19.
However, he remained confident of the market&rsquo s growth, given that it was the world&rsquo s second largest economy.
&ldquo This phase of market adjustment will bring the industry back to rationality,&rdquo said Zhong.
&ldquo The group will continue to adopt a prudent development strategy, focused and refined operational management and rigorous financial policies to cope with the ever-changing market environment.&rdquo
It would take some time for Cina' s property market to recover as many people are jobless and real estate companies are not allowed to dump properties at below prevailing prices.
Probably some also are buying from the auction markets at huge discounts from banks that seized back from buyers who loaned from them but are unable to pay the monthly installments now that they are retrenched.
Probably some also are buying from the auction markets at huge discounts from banks that seized back from buyers who loaned from them but are unable to pay the monthly installments now that they are retrenched.
superstartup ( Date: 11-Jul-2023 13:09) Posted:
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Recalled that uob' wee cy bought at
0.88 many years back.
i think if competitors continue to go into liquidation/ restructured into smaller versions of their former self, Yanlord is a long term winner.
i just hope they do not privatise this company
i just hope they do not privatise this company
This is good news I did not expect it as most rest-estate companies in China are not doing well.
Yanlord I remember only had 1 development project in Singapore (Dairy Farm area).
Yanlord I remember only had 1 development project in Singapore (Dairy Farm area).
Joelton ( Date: 07-Jun-2023 11:48) Posted:
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Yanlord reports 437.5% y-o-y surge in total contracted pre-sales of RMB6.1 bil in May
.
Yanlord Land Group Z25 0.6% has reported total contracted pre-sales of RMB6.1 billion ($1.16 billion) for the month of May. The amount, which came from the group&rsquo s residential and commercial units as well as car parks, stood 437.5% higher than May 2022&rsquo s RMB1.14 billion.
This month&rsquo s total contracted pre-sales stood over a gross floor area (GFA) of 199,946 sqm, which is 319.2% over May 2022&rsquo s GFA of 47,695 sqm.
The key contributors to the group&rsquo s total contracted pre-sales were the Chinese cities of Nanjing, Tianjin, Jinan, Suzhou and Haikou in that order.
Contracted pre-sales of other property development projects under the group&rsquo s project management business stood 32.0% higher y-o-y at RMB0.20 billion.
Total GFA increased by 79.4% y-o-y to 8,815 sqm.
As at May 31, Yanlord&rsquo s subscription sales stood at RMB3.33 billion.
Yanlord is a Mainboard-listed real estate developer. The group&rsquo s Singapore property portfolio includes Leedon Green and Dairy Farm Residences as well as UE BizHub CITY, Rochester Mall and Park Avenue Robertson, to name a few.
Yes. Watching this counter closely. Usually low volume. But last few days some movements.
Director bought 46K @ $0.86 earlier May 2023.
NAV $3.49.
SS holds 71%
YANLORD HOLDINGS PTE. LTD. 1,278,390,000 66.19 &ndash &ndash 1,278,390,000 66.19 ZHONG SHENG JIAN3 73,171,500 3.79 1,308,900,500 67.76 1,382,072,000 71.55
Director bought 46K @ $0.86 earlier May 2023.
NAV $3.49.
SS holds 71%
YANLORD HOLDINGS PTE. LTD. 1,278,390,000 66.19 &ndash &ndash 1,278,390,000 66.19 ZHONG SHENG JIAN3 73,171,500 3.79 1,308,900,500 67.76 1,382,072,000 71.55
the Lord is holding 70+% and increasing each year..... for him, it is like every year 6% dividend plus his family super scale salaries, use to buy up the remaining share holders, eventually is to squeezed out all at way below his assets value. Delist and bring the assets to the bank.
I wonder if SGX controls on such behaviour by these " family owned" listed companies. Otherwise all small share holders will lose out totally.
I wonder if SGX controls on such behaviour by these " family owned" listed companies. Otherwise all small share holders will lose out totally.