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Yanlord Land Group

Results

Yanlord Land issues profit warning for FY2023

Yanlord will release its results by Feb 29.

Property

Yanlord's total contracted pre-sales down 71.5% y-o-y to RMB1.1 bil in Nov

For the eleven months ended Nov 30, the group’s total contracted pre-sales was approximately RMB29.23 billion, down 52.8% y-o-y.
China to extend policies to support ailing property market - THE EDGE SINGAPORE

China Focus

China to extend policies to support ailing property market

Loan repayments can be postponed for a year

Property

Yanlord reports 437.5% y-o-y surge in total contracted pre-sales of RMB6.1 bil in May

As at May 31, Yanlord’s subscription sales stood at RMB3.33 billion.

Property

'Delisting has not been a matter of management nor board discussion': Yanlord to shareholders

Yanlord will also not put in place a fixed annual dividend policy

Broker's Calls

DBS cuts Yanlord target price from $1.43 to $1.06

"It intends to take a conservative approach to manage cash outflows"

Broker's Calls

OCBC Investment Research lowers Yanlord Land's TP to 97 cents; Moody's changes outlook to negative

Yanlord's FY2022 results "disappointed and missed" the OCBC team's expectations. The lack of a dividend also came as a "surprise".

Results

Yanlord Land reports 2HFY2022 earnings of RMB155.6 mil, 92% lower y-o-y

No dividend has been declared for the period as the group has decided to retain its earnings for the year.

Offshore & Marine

Marco Polo hitches to wind farms for new growth; eyes more shipbuilding jobs

It’s upwards and onwards for Marco Polo Marine.
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