http://infopub.sgx.com/FileOpen/29-10-20...eID=261643
YANLORD ACQUIRES 386,000 SQM GFA PRIME INTEGRATED DEVELOPMENT SITE IN NANJING FOR RMB2.877 BILLION
- Yanlord acquires a 386,000 square metre (“sqm”) gross floor area (“GFA”) prime integrated development site in Sino-Singapore Nanjing Eco Hi-Tech Island (中新南京 生态科技岛) (“Nanjing Eco Island”) for RMB2.877 billion
- Ideally situated for the development of a prime integrated development, the project will include the development of high-quality residential apartments, offices and commercial units and is well connected via key thoroughfares and the adjacent metro line 10 station
(not vested)
(29-10-2013, 11:40 PM)mkmk Wrote: [ -> ]http://infopub.sgx.com/FileOpen/29-10-20...eID=261643
YANLORD ACQUIRES 386,000 SQM GFA PRIME INTEGRATED DEVELOPMENT SITE IN NANJING FOR RMB2.877 BILLION
- Yanlord acquires a 386,000 square metre (“sqm”) gross floor area (“GFA”) prime integrated development site in Sino-Singapore Nanjing Eco Hi-Tech Island (中新南京 生态科技岛) (“Nanjing Eco Island”) for RMB2.877 billion
- Ideally situated for the development of a prime integrated development, the project will include the development of high-quality residential apartments, offices and commercial units and is well connected via key thoroughfares and the adjacent metro line 10 station
(not vested)
Market reacting negatively to this news today ?
Very profitable company but is also being neglected. First 9 months made NP of RMB 810m.
wow. they must really really love this company.
Aberdeen has a rather good track record as a value investor. Wonder what they see in it. Wouldnt really consider it super cheap compared to the other HK-listed Chinese developers.
Another '' positive news '' immune counter.
China stock effects?
I think Aberdeen does not do bottom-fishing.
Most of the time, they just buy because the see a value counter selling at a price that they can not refuse.
And then they hold it for very long term.
A traditional, if I do not want to hold the stocks for ten year, I will not buy even for a single day.
A Life not Reflected is a Life not Worth Living.
(18-11-2013, 08:04 AM)chialc88 Wrote: [ -> ]China stock effects?
I think Aberdeen does not do bottom-fishing.
Most of the time, they just buy because the see a value counter selling at a price that they can not refuse.
And then they hold it for very long term.
A traditional, if I do not want to hold the stocks for ten year, I will not buy even for a single day.
A Life not Reflected is a Life not Worth Living.
Aberdeen criteria - not just Value. Good Mgt. Good Corp Governance.
Need the above coz they are managing OTHER PEOPLE MONEY.
They flop before.
Saytam.
Free float only 15%, so not easy for big boys to collect at lower possible prices. Require times and skill to collect cheaply, otherwise price will shoot up too fast and make cheap collections even more difficult.
Some signs of collections lately ?