Yanlord Land Group

Results

Yanlord reports higher revenue but lower profit for 1HFY20

During 1HFY20, it booked presales of some RMB29.8 billion, up 65% y-o-y.

Results

Yanlord posts 57.3% increase in total contracted pre-sales to RMB35.74 bil for seven months ended July

The bulk of its sales was contributed by the Chinese cities of Nanjing, Suzhou, Shenzhen, Nantong, and Hangzhou.

Results

Yanlord posts 65% increase in total contracted pre-sales to RMB29.77 bil for 1H20

The top five cities that contributed to the rise in contracted pre-sales are Nanjing, Suzhou, Shenzhen, Nantong, and Hangzhou, in China.

Broker's Calls

KGI Securities starts Yanlord on 'outperform' on relatively unaffected target market segment

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.

Results

Yanlord total contracted pre-sales rises 27.5% to $2.33 bil for four months ended April

SINGAPORE (May 14): China-based real estate developer Yanlord Group posted a 27.5% increase in its total contracted pre-sales to RMB11.64 billion (S$2.33 billion) on contracted gross floor area (GFA) of 336,520 sqm for the four months ended April 30.

Offer

Yanlord extends closing date for United Engineers offer again

SINGAPORE (Dec 30): Yanlord Investment (Singapore) announced Monday it is extending the closing date of its mandatory conditional cash offer for United Engineers’ (UEL) shares to 5.30pm on Jan 20, 2020.

Offer

Yanlord marches closer to delisting of United Engineers as free float falls under 10% threshold

SINGAPORE (Dec 27): Yanlord Investment (Singapore), a wholly-owned subsidiary of China-based property developer Yanlord Land Group, announced Friday that it now owns, controls or has agreed to acquire 90.27% of United Engineers (UEL) as at 5pm on Dec 26.

Property

Local developer heads for global ranks, more deals in store for sector

The local property market — which was subjected to cooling measures and experienced oversupply in the past decade — may be small, but in the 2020s, a home-grown developer will rank among global real estate companies such as Brookfield Asset Management

Offer

Yanlord has change of mind; says it plans to delist United Engineers

SINGAPORE (Dec 17): Yanlord Land Group said it will delist United Engineers Ltd (UEL) should its free float fall below the listing threshold.
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