Ying Li

very good support at 41.5c level , i expect the price to hit 51c in the near future ... watch out for it ..

I extract the following statement from KIM ENG ;

Target price: $1.20 (maintained)
Ying Li reported FY09 PATMI of RMB48.4m that was bolstered by fair value gain of RMB113.8m on revaluation of investment properties. Bottomline will be muted until end-2010 when pre-sales begin at the IFC and Da Ping projects. The signing up of tenants at the IFC from Jun-10 and the bidding outcome for Wuyi Road project by 1H10 are key catalysts. At 13.3% net gearing, banks will continue to lend support. Great bargain at steep discount to RNAV of 63%. Maintain Buy.