Friday, August 28, 2015

Ying Li

Ying Li: China relaxed restrictions on foreign investment in real estate to help boost demand, which led to positive interest in the Chinese property counters and overspilled to SGX-listed Yanlord (+3.2%) and Ying Li (+4.3%) today.

Meanwhile, according to the latest 2Q15 results, Ying Li's pipeline is strong over the next two quarters with sales launches at three properties (Beijing Tongzhou in 3Q15, Ying Li International Hardware Phase 1 and Electrical Centre and Ying Li International Commercial Centre in 4Q15).

We do not rule out that the management may conduct roadshows or site visits for investors/analysts to get more familiar with the company during this busy period.

At current price, Ying Li is valued at a 67% discount to its NAV/share of Rmb1.94 ($0.43), compared to Yanlord's 51% discount to its NAV/share.

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