SINGAPORE (June 30): The Chinese market is one of the few sectors that has continued producing steadfast results amid a recovering Chinese economy.

As such, KGI Securities has initiated coverage on China-based property developer Yanlord Land Group Limited with an “outperform” recommendation and a target price of $1.30.

“Our target price is based on a sum-of-the-parts (SOTP) valuation between Yanlord’s development and rental businesses,” writes Kenny Tan in a report dated June 29.

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