Yanlord Land Group - DBS Research 2024-07-24: A Viable Candidate For Value Unlocking Options

• Midea Real Estate (3990.HK)’s recent move to spin-off and privatise its development business at ~0.3x P/B indicates that the market is placing an overly steep discount on this segment. Yanlord Land Group (SGX:Z25), which currently trades at an even lower ~0.13x P/B with a controlling shareholder with solid financial position, decent concentration of shareholding and manageable near-term debt repayment profile, could be a viable candidate to consider similar options.

Peer Midea’s strategic reorganisation hints at an overly steep discount placed on the development business.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

Key criteria for developers to meet when considering a similar strategic reorganisation

• 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:
2025-03-04 Yanlord Land Group - Deleveraging In Progress, Eyes On Business Strategy. .

Previous report by DBS:
2024-10-14 Yanlord Land Group - Improved Sentiment Priced In; Downgrade To HOLD.

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