Stock Name: Ying Li
Company Name: YING LI INTL REAL ESTATE LTD
Kim Eng Research in a Jan 25 research report says: "Ying Li recently said that it has won the tender for a strategic plot of land in Chongqing Financial Street (CQFS) for RMB50.35 million (excluding resettlement cost).
"The 5,452-sq-m Wei Yuan site sits next to its existing Wu Yi Road landbank and the group is in advanced discussions with the authority to enlarge the combined land area of the project to about 17,000 sq m. Separately, Ying Li has had a soft opening of Yingli IFC retail mall late last month, where the committed occupancy rate to-date has already exceeded 80%.
"The mall showcases both internationally and domestically renowned brands, some of which have chosen to open their flagship stores there. Target price is unchanged at 50 cents, still pegged at a 40% discount to the stock's RNAV per share of 83 cents. MAINTAIN BUY."
Company Name: YING LI INTL REAL ESTATE LTD
| Research House: Kim Eng | Price Call: BUY | Target Price: 0.50 |
Kim Eng Research in a Jan 25 research report says: "Ying Li recently said that it has won the tender for a strategic plot of land in Chongqing Financial Street (CQFS) for RMB50.35 million (excluding resettlement cost).
"The 5,452-sq-m Wei Yuan site sits next to its existing Wu Yi Road landbank and the group is in advanced discussions with the authority to enlarge the combined land area of the project to about 17,000 sq m. Separately, Ying Li has had a soft opening of Yingli IFC retail mall late last month, where the committed occupancy rate to-date has already exceeded 80%.
"The mall showcases both internationally and domestically renowned brands, some of which have chosen to open their flagship stores there. Target price is unchanged at 50 cents, still pegged at a 40% discount to the stock's RNAV per share of 83 cents. MAINTAIN BUY."
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