(24-11-2015, 05:26 PM)cfa Wrote: [ -> ] (24-11-2015, 08:31 AM)propertyinvestor Wrote: [ -> ]As long as Aberdeen is selling down Yanlord, the price will be unable to move much
But Aberdeen has stopped selling since 2 months ago .
AIFML deemed interest is now below 5%. They can sell without reporting to the exchange
If they don't sell , how are we going to buy cheap at this level ?
This should be positive to YL .
Cinda Real Estate Co yesterday completed the biggest residential land deal of the year in Shanghai, beating off the challenge of more than 10 rival bidders to secure a plot in Yangpu District for close to 7.3 billion yuan (US$1.1 billion).
With a developable floor area of 148,500 square meters, the winning bid represented an average cost of 49,150 yuan per square meter.
http://www.shanghaidaily.com/business/re...aily.shtml
(25-11-2015, 08:09 PM)cfa Wrote: [ -> ]If they don't sell , how are we going to buy cheap at this level ?
Just like Tuan sing, this is starting to look like another value trap
(26-11-2015, 10:48 PM)propertyinvestor Wrote: [ -> ] (25-11-2015, 08:09 PM)cfa Wrote: [ -> ]If they don't sell , how are we going to buy cheap at this level ?
Just like Tuan sing, this is starting to look like another value trap
great opportunity to buy when value is still being trapped. Value will be unlocked just a matter of time . I have the patience to wait , no problem .
Update :
Recent purchases by Chairman Zhong SJ in year 2015 :
1) 03 March:30,000 shares @0.91
2) 04 March:896,000 shares @0.9514
3) 05 March : 378,000 shares @0.986
4) 17 March : 2,000,000 shares @ 0.94
5) 26 March 364,600 shares @ 0.9597
6) 29 July 50,000 @0.985
7) 13 Aug 500,000 shares @0.9994
8) 01 Dec 1,000,000 shares a@ 1.0499
9) 02 Dec 1,000,000 shares @ 1.0497
Chairman Zhong keep buying , something up ?
Upgraders fuel sales of pre-owned propertie
SALES of pre-owned houses rose to the highest this year in Shanghai in November as upgraders, in particular, fueled rising demand.
A total of 37,400 units of pre-owned homes were sold across the city last month, the highest monthly volume registered so far this year, Shanghai Centaline Property Consultants Ltd said in a report released yesterday. The homes sold marked a 17.5 percent jump from October and a surge of 90.5 percent from the same period a year ago.
“The volume did beat market expectations and was also the second-highest monthly figure ever recorded in the city’s history, only after that of March 2013,” Sun Li, a senior researcher at Shanghai Centaline, said without elaborating.
“Home upgrading demand remained extremely robust while successive cuts in reserve ratios and interest rates, coupled with the new ‘two-child’ policy, prompted home seekers to enter the market.”
Pre-owned homes across the city were sold for an average 25,402 yuan (US$3,970) per square meter in November, up 2.5 percent monthly and a year-on-year gain of 15.9 percent, Centaline data showed.
The city’s existing housing index, which tracks monthly price changes, rose 0.97 percent to 3,156 last month, said the Shanghai Existing House Index Office.
The prices of pre-owned houses rose in 99 of the 130 areas checked, fell in 15 and were flat in the remaining 16 areas.
Real Estate
http://www.shanghaidaily.com/business/re...aily.shtml
A lot of "foreigners" outside of China are skeptical of China companies.
So they "look down" on Yanlord.
My advice : don't
1. Disneyland opening very very soon in Shanghai. Already prices in nearby Suzhou already going up the most in the region. Yanlord has good Suzhou assets.
2. Yanlord JV partnership with Ho Bee on the Zhuhai super big mixed use integrated project is going to see very good returns. The HK-Zhuhai - Macau bridge is going to be ready soon. This is the biggest hint I can give you.
3. Nanjing Jiang Xinzhou , something big is brewing there : )
Chairman Zhong continues to buy from open market but the Selling still very persistent .
He bought another 1,000,000 shares at 1.05 on 01/12 .