Yanlord Land - DBS Research 2023-03-17: Adopting A Defensive Strategy

• 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 an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2025-08-18 Yanlord Land Group - Last Mile In Debt Repayment Cycle.

Previous report by DBS:
2025-03-04 Yanlord Land Group - Deleveraging In Progress, Eyes On Business Strategy. .

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 Dividend Payout Dates & Corporate Actions,
Yanlord News