China New Town

Dongdaemun
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12 years 5 months ago - 12 years 5 months ago #7519 by Dongdaemun

Replied by Dongdaemun on topic Yanlord

Peter Lim has bought into Yanlord but this company's third-quarter net profit plunged 99 percent to 6.5 million yuan ($1 million) from a year earlier. Lower gross floor area delivered to customers and average selling price per square metre. Greater net foreign exchange loss. Yanlord stock could fall below 90 cents....

Last edit: 12 years 5 months ago by Dongdaemun.

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pine
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12 years 5 months ago #7538 by pine

Replied by pine on topic Yanlord : 81 cent target only

Peter Lim won't like UOB Kay Hian's view:

We maintain our SELL call on Yanlord in view of the possibility of it missing its contract sales target, its focus on high-end residential projects and heavy exposure in many major tier-1 and tier-2 cities. Thus, Yanlord is one of the developers that are more badly affected by the government’s vigorous tightening. Our target price of S$0.81 represents a 62% adjusted historical mean -1SD discount to its end-11 NAV of S$2.12/sha

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Joes
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12 years 5 months ago #7564 by Joes

Replied by Joes on topic Yanlord -- wee ee chao also got in

Peter Lim prob don't give a hoot to analyst view! He added some more to his holding. And surprise surprise! New SS = Wee Ee Chao. See announcemnet today

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penghock
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12 years 5 months ago #7566 by penghock

Replied by penghock on topic Re:China New Town

Kuok, Wilmar boss also bought 5%.. wow.. they wanna take over?? Yanlord CEO got 66%..

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Joes
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12 years 5 months ago #7572 by Joes

Replied by Joes on topic Yanlord

penghock, i doubt the trio want to takeover Yanlord. and they can't anyway, it 's too big for them to swallow and the boss won't give up ..... for now, i am just wondering what on earth do they see in Yanlord. The target prices of analysts are already reached. Will just stay away from the euphoria that is pushing the price up this morning
[hr]
[penghock 15-11-2011]:

Kuok, Wilmar boss also bought 5%.. wow.. they wanna take over?? Yanlord CEO got 66%..

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Joes
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12 years 5 months ago #7575 by Joes

Replied by Joes on topic Yanlord -- lousy 3Q results forgotten

0236 GMT [Dow Jones] Yanlord Land ( Z25.SG ) surges 11.8% to S$1.185 in above-average volume of 21.5 million shares after the China-based property developer announced several substantial shareholders have recently increased their stakes, likely signalling their belief in good value around recent levels (Monday''s S$1.06 close implies around 0.7X P/

and confidence in Yanlord''s business outlook. It also helps that the investors are big names:

billionaire investor and "Remisier King" Peter Lim increased his stake to 6.03% from 5.24% (increased from 4.96% last week) in a series of open market transactions,

UOB KayHian chairman Wee Ee Chao increased his stake to 5.01% from 4.92%

while Wilmar ( F34.SG ) chairman and CEO, Kuok Khoon Hong, raised his holding to 5.01% from 4.94%.

The stock is now at its highest level since August 4, with Yanlord''s weak 3Q results last week (revenue down 72% on year) largely forgotten. Deutsche Bank says 3Q is "less relevant as a benchmark for FY as revenue recognition concentrates in 4Q." The house has a Buy call and S$2.10 target price.

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