Brokers' take

Yanlord Land Group > Buy (maintained) OCBC Investment Research, April 12 April 12 close: S$1.49 Fair value: S$1.75

WE see Yanlord Land Group as a beneficiary of improved sentiment within the Chinese property market, and this is apparent in the recovery seen in industry contracted sales growth for March following a soft first two months of 2019.

According to data from CRIC, Yanlord's Q1 contracted sales more than doubled year-on-year to 7.06 billion yuan.