After my write-up on Ying Li on 10 Sep (see my write-up posted here), Ying Li surged 46% (in two months) from $0.135 on 10 Sep 2015 to an intraday high of $0.197 on 9 Nov 2015. It has since weakened 23% to close at $0.152 on 11 Dec 2015.
Has Ying Li’s share price run its course? Let’s take a look at its current and upcoming developments and you can make your own decision.
Strong project pipeline instills confidence
According to Ying Li’s project pipeline, there are several projects such as San Ya Wan Phrase 2B and likely 2C, Ying Li IEC Phrase 1A, Ying Li International Plaza office and Future Beijing Residential projects (with varying degrees) to contribute to FY16F results. It is noteworthy that FY15F has only meaningful contributions from two projects, viz. Ying Li International Plaza office and San Ya Wan ......