Brokers' take
Yanlord Land Group > Buy (maintained) OCBC Investment Research, March 1 March 1 close: S$1.39 Fair value: S$1.75
YANLORD Land Group's Q4 results missed our and the street's expectations, as profit after tax and minority interests (PATMI) dipped 78.5 per cent year-on-year to 256.9 million yuan. A first and final dividend of 6.8 Singapore cents was declared, unchanged from FY2017.
Looking ahead, Yanlord is targeting contracted sales of around 40 billion yuan in 2019 on the back of more abundant saleable resources of 84 billion yuan…
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