Ying Li International Real Estate

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#31
Ying li had been holding well but did not go up any further....likely that it is going up soon if no bad news announced......

Property value appreciation, RNAV and recurring income will make this guy move up further...

Vested......

(26-02-2012, 01:51 AM)RBM Wrote: VB's - I had thought that Ying Li was due to announce Full Year 2011 financial results on Friday evening - Bloomberg mentioned this (as well as Noah_tan_yh in the previous post on this thread). But I have not seen them announce yet. Anyone knows when Ying Li will announce?

Reason for my question is that I'm vested and I am quite interested to see Ying Li's latest numbers. Sorry to trouble you guys.

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#32
Ying Li is more toward malls and office???

(26-02-2012, 10:50 PM)Behappyalways Wrote: For your infor

http://topics.scmp.com/news/china-busine...sales-fall

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#33
Had a quck look through Ying Li's FY 2011 results, which were disclosed/announced to the SGX early this morning. It looks like volumes were good and key developments (particularly the IFC Office) were brought-on on or before schedule. But it also looks like unit prices and margins-on-sales were hit a bit, i.e. as per the price erosion as mentioned in the SCMP article shared by BeHappyAlways.

Mr. Market doesn't seem to be overjoyed with Ying Li's results so far. But then Mr. Market does seem in a rather negative mood this afternoon.
RBM, Retired Botanic MatSalleh
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#34
Result is good.....I think will reach 40 cents soon....
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#35
Thanks Chaosdiablo,

I notice that the DBS Vickers analyst who was rather bullish regarding Ying Li's share price in the run-up to the FY 2011 Results announcement has gone somewhat quiet in recent days. Personally speaking, I am not so posive regarding Ying Li's results .......... particularly as regards the margin erosion (caused presumeably by recent price realities in the Chongking property market).

I hope you are right and I am wrong.

Vested
(28-02-2012, 11:12 PM)chaosdiablo Wrote: Result is good.....I think will reach 40 cents soon....

RBM, Retired Botanic MatSalleh
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#36
http://www.remisiers.org/cms_images/rese...2012ke.pdf [Kim Eng Report]

Not Vested
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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#37
Nick,

Thanks for sharing this - I had not seen this Kim Eng Analyst update before. It seems like a sober assessment on initial review. I found the piece on the second page regarding potential means to address the "overhang" of the silly convertible Ying Li entered into two years ago quite interesting and, as I'm vested, a bit of a relief.

As regards the market, I do see sellers with material volumes at hand wanting to offload in the last couple of SGX trading sessions. May be when they are done we will see some price upside.

Vested,
RBM, Retired Botanic MatSalleh
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#38
Following up from my message of late yesterday .............. Ying Li had another "challenging day" with Mr. Market. Large volumes are being offloaded from somewhere. In a volume of almost 12 million shares, Ying Li's share price closed down a further 2.6% at S$ 0.375, having at one time been 4% down.

I see on another certain investor website strong confidence being expressed regarding the possibilities for Ying Li's share price - but I do wonder about the pricing of real estate in the "hot" Chinese cities going forward. But I'm in this for the long haul.

Vested
RBM, Retired Botanic MatSalleh
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#39
Ying Li's share price still languishing well below its YTD high. DBS Vickers have gone totally quiet on the stock after what must have been the worst Broker Trading Call of 2012 so far, i.e. their overt buy call in the run-up to Ying Li's FY 2011 Results announcement.

On 26th March Ying Li made some encouraging noises regarding sales of their Ying Li International Plaza development:

http://www.yingligj.com/misc/2012Announc..._Plaza.pdf

........... but Mr. Market did not reward or acknowledge this with even the slightest positive move in the share price.

Recent political developments, i.e. vis-a-vis the Chongqing Mayor and Police Chief, obviously don't help and I was very interested to read Touzi's November 2011 posting on the VB BreadTalk thread, which I was scanning this morning - some interesting observations regarding Chongqing - I repeat it below. Thanks for this Touzi.

QUOTE

There are so many new sky scrapers, both finished and under construction, in the city that it is mind boggling. The densely packed buildings remind one of HK. I was impressed and yet at the same time the thought of overbuilding came to mind. Perhaps one of the reasons is that the city is extremely hilly and so whatever land they can build on, they will go as high as possible. There is some form of construction going on practically everywhere I went. I did not see IFC. I googled and found that it is in Jiangbei district. I spent most of my time in Yuzhong district. (Yuzhong and Jiangbei again remind me of HK Island and New Territory). I know a lot of major property developers are eyeing this city, including City Development. By the way, the metro stations have english announcement.

Watson and Carrefor appeared to be doing well. Many of the apparel shops you find in Singapore are there as well, but there aren't many shoppers. Once in a while, you see a hot babe walked in ( I did not check out the prices as I was too busy admiring the babe ).

I suspect the Sichuanese still has a parochial palate. While foreign restaurants like Japanese and Korean are crowded, I did see many non-sichuan chinese restaurant there, one exception is the famous Beijing Peking duck branch. The foreign restaurant probably has a novelty factor. By the way, Sichuan food is widely recognized as one of the four great Chinese cuisine.

The Breadtalk shop I saw was at a very prominent corner in prime shopping district. The crowd at Watson,Carrefor and foreign restaurants indicates that there is some spending power. I tend to think that the less than ideal crowd at Breadtalk is due to taste. If that is true, I am sure George Quek, being the shrewd businessman he is, will correct it.

All in all, Chongqing is a city in a hurry to catch up with the rest of other successful chinese cities like Shanghai ( which in my opinion has already caught up with Singapore ). Bo Xilai, the Party Secretary there is no ordinary man. I don't think there is ever a Chinese city that cracked down on vices as hard as he did. At the same time he is trying to reconnect the city to the rest of the world. A follower of the Deng Xiaoping one hand hard - one hand soft governing style.

UNQUOTE

Vested - I think this is one for the longer term.
RBM, Retired Botanic MatSalleh
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#40
Business News

Political upheaval has little impact on Chongqing's property market
By Valerie Tan | Posted: 30 April 2012 1739 hrs


CHONGQING: China's fastest growing city Chongqing invested heavily in housing under its former party chief Bo Xilai.

Authorities are now investigating billions of dollars of government spending under his administration, and the city's new leaders have also launched a 'clean-up' of government investment projects.

But commercial developers say this will have little impact on the city's booming property market.

In the last five years, the southwestern metropolis of China saw countless new homes constructed as part of a massive urbanization plan to move five million villagers into the city.

Property prices have tripled since 2008.

Gu Qingpin, director at River International, said: "Right now, the highest price is over 8,000 yuan per square metre for a good apartment in the main city area. But since last year's property regulation, we've seen average price falling to about 6,300 yuan, which is a rational stabilization."

Chongqing is the only other Chinese city besides Shanghai to introduce a property tax last year as part of efforts to cool down the housing market.

Developers say high interest rates may have kept out speculators from inflating prices.

But with no restrictions on buyers from outside the city and no limit on the number of units one can buy, developers say Chongqing's housing market has huge potential for growth, especially in the luxury homes sector.

Mr Gu said: "We've also seen a small number of individuals with huge accumulation of wealth in the high-income sector. They have great purchasing power. They buy several units of villas or high-end properties. Property prices in Chongqing are depressed. It's unlikely to have a bubble after proper government measures."

And Singapore-owned developer CDL China is confident of demand for its upcoming high-end project in central Chongqing.

When completed in 2013, it's expected to be priced at up to US$4,800 per square metre, which is still relatively cheaper than similar homes in China's first tier cities.

Daniel Liao, vice president of CDL China, said: "There are not many ways to invest in China so people tend to buy houses. China is developing so quickly that even with limits placed on buying properties, the growth in new population will outnumber homebuyers. Chongqing has seven million residents now, and in another three to five years time, three to four million more residents are expected to move into the city. That will strongly sustain property development."

The developer is already looking for another piece of land to acquire in Chongqing.

"We've thought of other areas in Chongqing because the city has developed so fast in the past two years and it plans to have 10 million residents living in an urbanized city of 10 million square kilometres in the coming three to five years so there are opportunities in the new districts," said Mr Liao.

- CNA/fa
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