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Thanks chaosdiablo,
Ying Li's share price is still receding - it recently touched as low as S$ 0.30. I know of some chums who have sold at a significant % loss after heeding a certain analyst's trading call to buy-in a couple of months ago. I blame myself, not the analyst for getting in when I did, rather than waiting. I do not know if we have seen the bottom yet - its P/E is still > 12.
Ying Li looks to be well positioned vis-a-vis its competitors, in terms of the quality and location of its key Chongqing developments - but it has similar challenges to those same competitors - securing prices that maintain a respectable margin. The jury is still out on their ability to do that frankly stated.
I am staying vested. The positives outweigh the negatives for me and this one is for the long term .... but I have to concede that Ying Li is my worst performer this year.
Hi RBM,
I believe the fundamental is very good for Ying li, however the political issue is weighing over it share price currently....
Nevetheless, ChongQing is still growing at a rate much faster than China as a whole and it current base is low which mean apprecaition of assets in main CBD of chongqing is very high...
We also had large Singapore Coporation there and they too as well are confident....
HOWEVER, share price is still risky and hence, might be good to wait for clearer picture to get into the boat.....
(02-05-2012, 01:01 AM)RBM Wrote: [ -> ]Thanks chaosdiablo,
Ying Li's share price is still receding - it recently touched as low as S$ 0.30. I know of some chums who have sold at a significant % loss after heeding a certain analyst's trading call to buy-in a couple of months ago. I blame myself, not the analyst for getting in when I did, rather than waiting. I do not know if we have seen the bottom yet - its P/E is still > 12.
Ying Li looks to be well positioned vis-a-vis its competitors, in terms of the quality and location of its key Chongqing developments - but it has similar challenges to those same competitors - securing prices that maintain a respectable margin. The jury is still out on their ability to do that frankly stated.
I am staying vested. The positives outweigh the negatives for me and this one is for the long term .... but I have to concede that Ying Li is my worst performer this year.
Interesting to see that DBS Vickers has finally come out of its shell regarding Ying Li. Last week they issued an analyst update, again recommending a BUY on the stock - which has risen more than 27% since the 7th June 2012 trading session, when it closed at a miserable S$ 0.24 per share - this evening Ying Li closed up in a declining market at S$ 0.305.
DBS Vickers cite the following three headline reasons for their bullish outlook on Ying Li; they have a BUY recommendation, with a target price of S$ 0.51...............
1) Sentiment improving with China's Government cutting rates
2) Ying Li should see strong sales for their IFC and International Plaza projects
3) YTD, the stock has under-performed its HK-listed peers by >20% despite strong fundamentals
May be the political situation is improving or at least there is no bad news in recent weeks? Still 25% below its 52 week high, I'm staying vested - I buy the Chongqing growth story - but I'll likely be getting out before DBS-Vickers target price is seen!
Hi RBM,
I believe Yingli had great fundamental as all their properties are in the CBD of chong qing. At this time, their CBD in chong qing price is I believe 10x less than that of Singapore. They will catch up and there are too much room for growth.......
Sichuan including chongqing and chengdu is growing at 2x that of china gdp...even if china growth slow to 7.5...they still had a double digit growth
Another stocks that I had reseach on lately is a mining stock which is a very well managed mining company listed on HKSE 0893.HK china vtm...
Do take a look.......their growth had been very impressive since IPO.....go to their web site....
I had posted some info here as well.....
Their profit marigin is very high and if iron ore price increase, the growth in profit is great (currently, iron ore price is at low as a result of low steel price. However, it is on a uptrend recently for iron ore)
Take a look.....
(25-06-2012, 06:27 PM)RBM Wrote: [ -> ]Interesting to see that DBS Vickers has finally come out of its shell regarding Ying Li. Last week they issued an analyst update, again recommending a BUY on the stock - which has risen more than 27% since the 7th June 2012 trading session, when it closed at a miserable S$ 0.24 per share - this evening Ying Li closed up in a declining market at S$ 0.305.
DBS Vickers cite the following three headline reasons for their bullish outlook on Ying Li; they have a BUY recommendation, with a target price of S$ 0.51...............
1) Sentiment improving with China's Government cutting rates
2) Ying Li should see strong sales for their IFC and International Plaza projects
3) YTD, the stock has under-performed its HK-listed peers by >20% despite strong fundamentals
May be the political situation is improving or at least there is no bad news in recent weeks? Still 25% below its 52 week high, I'm staying vested - I buy the Chongqing growth story - but I'll likely be getting out before DBS-Vickers target price is seen!
Ying Li reported out on its Q2 2012 results yesterday. I think they are worth a mention in this forum.
The results show pleasingly strong year-on-year growth, which to be honest, was somewhat better than I had anticipated. This counter has had a torrid time of it so far in 2012 - Chongqing politics, ongoing high profile trials, China's real estate woes, exaggerated analyst reports etc. etc.
Positives: Ying Li's NetPAT in Q2 2012 was RMB 40 Million vs a RMB 17 Million loss posted in Q2 2011. Sale of IFC Centre office units seems to be proceeding particularly well and management predicts that Q3/Q4 2012 revenues will continue to be supported from proceeds derived from their IFC development. Leasing activity also seems to be going well, and management speaks to attracting blue chip tenants like Deloitte, CapitaLand, DBS etc. etc. Construction of their International Plaza development is on schedule.
Worry?: I'm a tad concerned that Ying Li's gearing increased to ~ 58% during Q2. This was mainly due to borrowing needs for their International Plaza project. But I note today that Maybank's analyst writes confidently about the "continuous sales of IFC and launch of International Plaza Block 1, 2 and 3 will generate sufficient cash flow to cover the debt burden".
Chongqing’s economy continued to grow in GDP terms during 1H 2012. According to published statistics, Chongqing delivered a 14% year-on-year GDP increase, > 6% higher than the PRC national average level of ~ 7.1/2%. Despite recent poltical upheavals and scandals, Chongqing seems to be fairing much better than most other Chinese cities - it remains the fastest growing city in Western China.
I believe that this s-chip is getting to be a less risky bet. I'm pleased that Ying Li's focus remains on (high-end) commercial real estate rather than residential real estate. And I'm even more pleased that Ying Li has stuck to Chongqing. I like their focus and it is clear they are levering their local know-how.
Vested (and admittedly still sitting on a loss on this one!). Any other views on Ying Li's 1H 2012 results??
Interesting Reuters wire report issued earlier today regarding investment plans in Chongqing. See below. Time will tell if this is positive for Ying Li's commercial real estate developments in the city.
Vested
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China's Chongqing Plans US$ 236 Bln Spending - Paper
BEIJING | Tue Aug 21, 2012 7:21am IST
BEIJING Aug 21 (Reuters) - China's southwestern city of Chongqing plans to invest 1.5 trillion yuan (US$ 236 billion) in seven major industries over the next three years, local media said on Tuesday, the latest large-scale local government spending plan to be unveiled.
The China Securities Journal said the Chongqing government plans to invest in a range of manufacturing sectors including electronic communications, automobiles, chemicals and medical equipment. It will also raise spending in research. The investment is part of Chongqing's five-year economic development plan that runs from 2011 to 2015, the report said. It did not say how the spending - worth about 150 percent of the city's 2011 total economic output - would be paid for. Nor did it make clear if it was part of a plan to pump-prime China's economy, mired in its worst slowdown in three years with 2012 set for its worst annual growth in 13 years at 8 percent, according to a Reuters poll. No details of plan could be found on the government website.
The southern province of Hunan made waves last month after its capital city Changsha announced an 829 billion yuan investment stimulus project. But the plan, worth 147 percent of the city's 2011 economic output, drew scepticism as it was unclear how it would be funded. Despite the evident economic slowdown, China's central government has been reluctant to authorise a repeat of the nationwide 4 trillion yuan big-bang investment stimulus of 2008/09, as the country is still smarting from the debt overhang left in its wake. Other Chinese cities to have unveiled big spending plans in recent months include Wuhan, Ningbo and Guizhou, according to state news agency Xinhua.
Chongqing last year tied with Tianjin in northen China to be the fastest-growing city in the country, when its gross domestic product leapt 16.4 percent - far ahead of the national growth rate of 9.2 percent. Chongqing was formerly ruled by Bo Xilai, an ambitious politician fired this year after his wife was suspected of murdering a British man. She was found guilty and given suspended death sentence, which means she likely faces life in prison.
(US$ 1 = 6.3585 Chinese yuan) (Reporting by Koh Gui Qing; Editing by Nick Edwards).
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Sichuan area such as chong qing, chengdu are still growing at double digit.....companies with operation there in real estate, comodities such as steel, iron ore, cements etc should be doing well............
(21-08-2012, 11:47 AM)RBM Wrote: [ -> ]Interesting Reuters wire report issued earlier today regarding investment plans in Chongqing. See below. Time will tell if this is positive for Ying Li's commercial real estate developments in the city.
Vested
+++++++++++++++++++++++++++++++++++++++++++
China's Chongqing Plans US$ 236 Bln Spending - Paper
BEIJING | Tue Aug 21, 2012 7:21am IST
BEIJING Aug 21 (Reuters) - China's southwestern city of Chongqing plans to invest 1.5 trillion yuan (US$ 236 billion) in seven major industries over the next three years, local media said on Tuesday, the latest large-scale local government spending plan to be unveiled.
The China Securities Journal said the Chongqing government plans to invest in a range of manufacturing sectors including electronic communications, automobiles, chemicals and medical equipment. It will also raise spending in research. The investment is part of Chongqing's five-year economic development plan that runs from 2011 to 2015, the report said. It did not say how the spending - worth about 150 percent of the city's 2011 total economic output - would be paid for. Nor did it make clear if it was part of a plan to pump-prime China's economy, mired in its worst slowdown in three years with 2012 set for its worst annual growth in 13 years at 8 percent, according to a Reuters poll. No details of plan could be found on the government website.
The southern province of Hunan made waves last month after its capital city Changsha announced an 829 billion yuan investment stimulus project. But the plan, worth 147 percent of the city's 2011 economic output, drew scepticism as it was unclear how it would be funded. Despite the evident economic slowdown, China's central government has been reluctant to authorise a repeat of the nationwide 4 trillion yuan big-bang investment stimulus of 2008/09, as the country is still smarting from the debt overhang left in its wake. Other Chinese cities to have unveiled big spending plans in recent months include Wuhan, Ningbo and Guizhou, according to state news agency Xinhua.
Chongqing last year tied with Tianjin in northen China to be the fastest-growing city in the country, when its gross domestic product leapt 16.4 percent - far ahead of the national growth rate of 9.2 percent. Chongqing was formerly ruled by Bo Xilai, an ambitious politician fired this year after his wife was suspected of murdering a British man. She was found guilty and given suspended death sentence, which means she likely faces life in prison.
(US$ 1 = 6.3585 Chinese yuan) (Reporting by Koh Gui Qing; Editing by Nick Edwards).
+++++++++++++++++++++++++++++++++++++++++++
For those forummers who have seen the city landscape of Chongqing in person, the attached video-clip may be of interest; the clip includes a few landmarks and scenes which should be familiar - particularly the shots from across the river. The video-clip, which I have taken from the Guardian Newspaper's (UK) website, focuses on a couple of Chongqing tower blocks which are demolished by means of controlled explosions.
Chongqing's landmark Three Gorges hotel and an adjacent passenger terminal are the buildings to bite the dust - apparently the disappearance of these tower blocks will make way for a new skyscraper which will serve as QUOTE "a trade centre, a transport hub and a tourist base" UNQUOTE.
http://www.guardian.co.uk/world/video/20...ions-video
I can't help feeling that the pace of Chongqing's development continues unabated despite recent high profile murder trials and highest-level political intrigue. In the last fortnight alone, i) Ford held a ground-breaking ceremony for a 250,000 car p.a. (by 2014) plant in Chongqing, ii) Hyatt opened a new hotel in the city's Jiangbei locale, Chongqing's new central business district, and iii) Chongqing's Finance Bureau announced that the Government is setting up an annual special fund of RMB 2 Billion to QUOTE help local private enterprises with technological reform and innovation, new products research and development UNQUOTE; 60% of this special fund will apparently be allocated to large-scale private enterprises.
Time will tell if this news is positive for Ying Li and its shareholders.
Vested
I believe it is fair to say there is no liquidity issue vis-a-vis trading of Ying Li shares............. even when daily volume levels of major counters on the local market are generally miserably low (e.g. Keppel Corp has had several recent days with less than 2 million shares traded).
Ying Li's shares have seen a heavy trading session on the SGX today. Over 18.6 Million shares traded - since the very early days of April 2012, when a tad over 80 Million Ying Li shares changed hands over two consecutive trading days, Ying Li has only once seen trading volume like this, i.e. when 19.85 Million shares were traded on 18th July.
Ying Li's share price closed up ~ 4.5% today at S$ 0.345 - this is 44% up on its early June 2012 low - just 100 days ago. For those vested, this is pleasing to see. It is not clear what is driving Ying Li's recent share price performance but I suspect that last week's news regarding major investments in Chongqing and a lack of political intrigue in the last couple of weeks isn't doing any harm.
Vested - still sitting on quite a loss - and I'm holding out for some more upside.
This looks like an advertisment to me. Its up to the moderators but I do not believe the posting below should be posted on the Ying Li Thread.
RBM
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