Stock Name: Ying Li
Company Name: YING LI INTL REAL ESTATE LTD
DBS Vickers Securities in a Feb 8 research report says: "Chongqing, touted as 'the next Shanghai' has been attracting new projects by prominent Asian property developers. As an incumbent and early entrant, Ying Li is well positioned to ride on Chongqing's economic growth and rising importance as Western China's gateway city.
"With Ying Li's IFC completed and progressing well, next focus is on Da Ping and Chongqing Financial Street projects. There is more upside from current valuation at c. 55% discount to RNAV. Ying Li has good execution record for its projects.
"Catalysts for re-rating include (a) potential 12 cents per share revaluation gain on IFC and (b) higher sales and rental income from its ongoing projects. Target price of 52 cents (based on 40% discount to RNAV). 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 Feb 8 research report says: "Chongqing, touted as 'the next Shanghai' has been attracting new projects by prominent Asian property developers. As an incumbent and early entrant, Ying Li is well positioned to ride on Chongqing's economic growth and rising importance as Western China's gateway city.
"With Ying Li's IFC completed and progressing well, next focus is on Da Ping and Chongqing Financial Street projects. There is more upside from current valuation at c. 55% discount to RNAV. Ying Li has good execution record for its projects.
"Catalysts for re-rating include (a) potential 12 cents per share revaluation gain on IFC and (b) higher sales and rental income from its ongoing projects. Target price of 52 cents (based on 40% discount to RNAV). MAINTAIN BUY."
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