- Leveraging on its operating track record and Singapore background, Yanlord Land Group (SGX:Z25) has made decent connections with local governments and SOEs, placing it as one of the go-to JV partners for luxury developments. Yanlord also has a decent investment portfolio in Singapore upon its acquisition of controlling stakes in United Engineers (SGX:U04) in 2019.
- - Read this at SGinvestors.io -
Earnings to rebound upon delivery of sizeable unbooked sales.
- - Read this at SGinvestors.io -
- Together with project deliveries delayed from COVID disruptions in 4Q22, Yanlord has a target to achieve gross GFA delivery of ~4.0m sm (vs ~1.7m sm in FY22A). These hint at a likely rebound in revenue booking and core earnings in FY23F.
Playing it safe with near-term focus on managing repayments.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Jason LAM DBS Group Research | Ken HE DBS Research | Dexter CHUN DBS Research | https://www.dbs.com/insightsdirect/ 2023-03-17
Read also DBS's most recent report:
2023-08-16 Yanlord Land Group - Eyes On Debt Repayment Capability.
Price targets by other brokers at Yanlord Target Prices.
Listing of research reports at Yanlord Analyst Reports.
Relevant links:
Yanlord Share Price History,
Yanlord Announcements,
Yanlord Dividends & Corporate Actions,
Yanlord News Articles
