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I must say I am impressed with the new strategic directions set by the new CEO. If most of all these new strategic plans could be executed as planned, it would certainly propel Yingli into a different league among China’s real estate developers.

(not vested – on watch list)

An interesting write-up in TheEdge this week.

What's interesting to me is not the "usual" S-Chip with great profits and balance sheet which make me fearful that something is not right.... Rather, my reading of the article is, they seem to find it not so easy to raise funds, perhaps due to their association as an S-Chip (YingLi was the result of a reverse takeover of bathroom fitting manufacturing in '08 by 39% shareholder, Mr Fang Ming). The new CEO, Mr Ko Kheng Hwa, appointed in March, may be the key (their plan & hope?) to possibly major changes (especially to market perceptions). A President scholar with previous working links to Temasek. They seem hopeful that he'll be a possible catalyst to attracting new shareholders or other means of funding...

property counters are best bought during property market crashes. This is the best advice I can give. this is the best safety margin u can get

(01-09-2013, 12:04 AM)KopiKat Wrote: [ -> ]An interesting write-up in TheEdge this week.

What's interesting to me is not the "usual" S-Chip with great profits and balance sheet which make me fearful that something is not right.... Rather, my reading of the article is, they seem to find it not so easy to raise funds, perhaps due to their association as an S-Chip (YingLi was the result of a reverse takeover of bathroom fitting manufacturing in '08 by 39% shareholder, Mr Fang Ming). The new CEO, Mr Ko Kheng Hwa, appointed in March, may be the key (their plan & hope?) to possibly major changes (especially to market perceptions). A President scholar with previous working links to Temasek. They seem hopeful that he'll be a possible catalyst to attracting new shareholders or other means of funding...

Sound interesting, I will take a look on this counter.

Property counters are worth a look, timing should be early next year, imo.

From UOBKH Research Report (8th Oct 13)

Quote:Ying Li (BUY/Target: S$0.64) – Deep in value + new management growth initiatives. Maintain BUY and target price of S$0.64, pegged at a 23.5% discount to our RNAV of S$0.83/share. The group remains sanguine on the outlook for Chongqing as the central government remains committed to develop the city into an important economic zone ininner China. We are also bullish on management’s new initiatives to drive growth with potential township developments in new cities as well as thematic developments that focus on a specific theme or industry cluster like IT, media, education and health care services.

Not vested

The Board of Directors (the “Board”) of Ying Li International Real Estate Limited (the “Company”) wishes to announce that Mr. Ko Kheng Hwa has tendered his notice of resignation from his position as Group Chief Executive Officer and Executive Director of the Company, which will take effect from 15 March 2014.

Any one into this one ?

The milestone achieved so far is quite impressive, but financially seems to be way overstretch !

Wonder what is the reasons behind the late price crash ?
Due to the CEO resignation ?
or because of the financial situation ?

FY2013 Earning: RMB 0.100 = SGD0.02047 cts

Closing price on Mar 25, 2014: 0.305
P/E: 14.9x

FY2012 Earning: RMB 0.167 = S$0.03418
Base on P/E of 14.9x ==> $0.509282 (which justify the price back in end 2012?)

In a way, the current dropping in price is in tandem with the dropping in earning?

The question now is that will the earning greatly improve for FY2014 since the recurring earning should be much higher?

NTA is now @ RMB 1.57 = SGD 0.32

Slight increase compare to RMB1.47 back in year 2012.

Btw, CapitaLand's PE is 14x and it have a dividend yields of 2.x, which seems that CapitaLand is a better buy instead, unless Ying Li's price drop further?

(vested)

(25-03-2014, 11:47 PM)starcraft_76 Wrote: [ -> ]NTA is now @ RMB 1.57 = SGD 0.32

Slight increase compare to RMB1.47 back in year 2012.

Btw, CapitaLand's PE is 14x and it have a dividend yields of 2.x, which seems that CapitaLand is a better buy instead, unless Ying Li's price drop further?

(vested)

Wouldn't it be better to compare it with HK listed China-based developers since Capitaland has substantial non-China operations ? I noticed in the b/m report, Chinese developers are trading at single digit PE with some at dividend yield exceeding 8%.

http://www.aastocks.com/marketcomment/pdf/122966.pdf [Page 6]

(Not Vested)