Stock Name: Ying Li
Company Name: YING LI INTL REAL ESTATE LTD
DBS Vickers Securities in a July 8 research report says: "Ying Li recently announced that it has topped out its IFC building, and with secured sales of 20,000sqm of office space and some prominent tenants for its retail space, the Group is moving closer to fully crystallizing the value of this project.
"We estimate that the gain in fair value upon completion of the IFC alone could be worth as much as 14 cents per share, which means the stock would be trading at c. 1x P/BV if it remains at this level in six months time. At nearly 60% discount to RNAV currently, upside risk is much higher than downside risk.
"The successful launch of the IFC and other projects would act as further catalysts for Ying Li's share price to re-rate. Target price of 52 cents (40% discount to RNAV of 87 cents). MAINTAIN BUY."
Company Name: YING LI INTL REAL ESTATE LTD
| Research House: DBS Vickers | Price Call: BUY | Target Price: 0.52 |
DBS Vickers Securities in a July 8 research report says: "Ying Li recently announced that it has topped out its IFC building, and with secured sales of 20,000sqm of office space and some prominent tenants for its retail space, the Group is moving closer to fully crystallizing the value of this project.
"We estimate that the gain in fair value upon completion of the IFC alone could be worth as much as 14 cents per share, which means the stock would be trading at c. 1x P/BV if it remains at this level in six months time. At nearly 60% discount to RNAV currently, upside risk is much higher than downside risk.
"The successful launch of the IFC and other projects would act as further catalysts for Ying Li's share price to re-rate. Target price of 52 cents (40% discount to RNAV of 87 cents). MAINTAIN BUY."
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