Shanghai Yanlord Property Co. Ltd., established in 1993, represents the earliest effort of Yanlord in developing properties in PRC. It is also the example of Yanlord's business philosophy to development: developing land with devotion and building quality accommodation with passion. It is committed to developing fully-fitted residential apartments from the very beginning, its first project being Yanlord Plaza beside the Huangpu River. Since then, Yanlord Shanghai has established itself as a brand developer in Shanghai and is authenticated as a Grade-A developer.
Yanlord Land Group Limited engages in the development of real estate properties in the Peoples Republic of China (PRC). The company focuses on developing residential, commercial, and integrated property projects in selected cities in the PRC. The company has a presence in eight cities within the four economic regions of the PRC: Yangtze River Delta, Shanghai, Nanjing and Suzhou; Pearl River Delta, Zhuhai and Shenzhen; Western China, Chengdu and Guiyang; and Bohai Rim, Tianjin. Asset Portfolio The company had a total 527,018 square meters of completed GFA in Shanghai, Nanjing, Suzhou and Chengdu, as of December 31, 2008.
Its total GFA under development was 1,228,650 square meters distributed across Shanghai, Nanjing, Suzhou, Zhuhai, Tianjin, and Chengdu. In 2008, the company commenced construction work on 494,380 square meters GFA located mainly in Shanghai, Nanjing, Zhuhai, and Suzhou. It has also acquired additional land bank of 485,574 square meters GFA in Tianjin (Haihe land plot) and Shanghai (Waigaoqiao land plot).
Land Bank Reserves The company, as of December 31, 2008, had a total land bank of 3.78 million square meters in GFA sited in city-centric locations within cities of the PRC. Of the total land bank, properties under development were approximately 1.23 million square meters GFA. History Yanlord Land Group Limited was founded in 1993.
For over a decade Yanlord Shanghai contributes to the society with quality products and has earned a reputation as a developer of high-end international communities. Whether in Pudong or Puxi, Yanlord’s properties help transform less desirable places into renowned international communities that are characterized with extraordinary architectural designs, fine finishing and standardized property management, thereby elevating the desirability of whole neighborhood. Yanlord Gardens, Yanlord Riverside Garden and Yanlord Riverside City are well recognized as favorite communities in which many expatriates choose to live .
For over a decade, Yanlord Shanghai has not only developed a series of quality projects, it also established a tradition and a brand name as well. Yanlord Shanghai will make continuous efforts to strengthen its leading position in the development of high-end residential properties, as well as to contribute to the development of Shanghai as a whole.
Please refer to the chart:
From the chart, we can see that the lowest price is $0.67 (March 2009) and highest is $2.89 (August 2009), 61.8% retracement from 2009 to 2010 based on this two highest and lowest point is at about $1.51. This retracement point also shows us strong support line for the stock price as whole. This stock has reach this support line twice, and each time after it touches this support line, it goes up again. This support line is strong as it is also a previous resistance point during April 2009 that becomes support line recently. So, if this strong support line ($1.51) is break, the stock price will be heading down to 78.6% retracement at price of $1.145.
After it hit the highest price at August 2009 at price of $2.89, the stock price start to drop until now, and the latest resistance point always lower than the earlier resistance. For example, resistance for March 2010 is at about $2.01, then by July it also cloase at about $1.98. This two price $1.98 to $2.01 form a strong resistance for the chart, as price of stock did not break this point range recently. From the chart, it shows that most probably stock price won’t break through this resistance range from $1.98 to $2.01. On the opposite, the stock is more likely to going downward.
On the day of 12th August 2010, the stock easily reach the price at about $1.78, which is the 50% retracement and this retracement is not a strong support line. Which means the price of stock will go down easily to 61.8% retracement at price of $1.5. And if this support is break, it might be going lower down. Most business (property development) for Yanlord is based in China, but currently the china policy is tighten, and the recovery speed also slow down, so for near term the whold outlook is not so positive mostly.
So, if the stong support line at $1.51., which is also the 61.8% retracement is break, the stock price will drop much more as it may go down to 78.6% retracement at the price of $1.13, this point is also the next support line after $1.51. From the chart, you can see that the stock price is in downtrend for quite long time, since August 2009. And if you have bought this stock since last year, you have plenty of time to sell off this stock between August to November 2009. For those who still hold this stock this year, wish you good luck and all the best.
|
