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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.
“We highlight the key risks as a basis for our ‘neutral’ rating despite the inherent upside, and will re-evaluate our forecasts after 1H20 results,” say analysts Amirah Yusoff and Joel Ng in a Friday report.
KGI analyst Kenny Tan the data centre theme remains relevant with intact supply chains, and this has in turn provided support to KDCREIT's unit price despite heavy sell-offs in the recent weeks.
SINGAPORE (June 19): Addvalue Technologies and KGI Securities (Singapore) have mutually agreed to terminate with immediate effect the placement agreement announced on April 30.