SINGAPORE (Jul 17): Chinese real estate developer Yanlord Land Group Limited is “red hot”, and if its pre-sale figures are anything to go by, the company is on its way to exceeding a RMB 70 billion ($13.92 billion) sales target, says KGI Securities analyst Kenny Tan in a report today.

The company released pre-sale figures for June, with a jump of 59.5% y-o-y and 49% m-o-m. With strong summer sales expected, KGI Securities is maintaining its outperform call on the company with a 12-month target price of $1.45.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply


Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook