Yanlord Land Group Limited (Z25.SI)

Yanlord Land Group Limited (Z25.SI) — VMCI valuation read

Headline read on Z25.SI: VMCI of 51/100 versus a Real Estate sector median of 50. The 1-point above-median position is what makes Yanlord Land Group Limited a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on Z25.SI: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on Z25.SI: value (Z25.SI trades at 21.0x earnings, 17% above the Real Estate median of 18.0x), quality (ROIC of 11.0% sits 1.0pp above the Real Estate median (10.0%)), and risk (net debt to EBITDA of -0.8x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Real Estate 12.0x baseline.

Z25.SI fell 1.8% over the trailing 7 days, with a -16.7% read on a 30-day basis.