NEW YORK, NY / ACCESSWIRE / September 26, 2017 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has issued an update on Yangtze River Development Ltd. (NASDAQ: YERR) and raised the 12-month price target to $23.00 per share.
The report is available here: YERR September 2017 Update.
Highlights from the update are as follows:
YERR Announces Listing on Nasdaq Global Select Market
On August 17, 2017, YERR announced that its common shares were approved to be listed on the Nasdaq Global Select Market ("Nasdaq GS"). Shares officially began trading on the Nasdaq GS on August 18, 2017. In the announcement, YERR CEO, Xiangyao Liu, noted that the Nasdaq GS listing would likely increase the company's visibility and enhance its corporate profile. The Nasdaq GS listing represents a significant milestone accomplished by YERR management, given its high initial listing standards. YERR management believes that a Nasdaq GS listing will improve the profile of the company, potentially allowing broader access to an institutional investor base than previously available.
YERR Plans to Benefit from One Belt, One Road in Newly Appointed Wuhan Free Trade Zone
YERR's commercialization strategy is to develop the Wuhan Yangtze River Newport Project to be implemented under China's massive One Belt, One Road initiative. One Belt, One Road was first announced by Chinese President Xi Jinping in 2013, with a goal of creating to create the "world's largest platform for economic cooperation, including policy coordination, trade and financing collaboration, and social and cultural cooperation." To capitalize on this initiative, YERR is developing a real estate, infrastructure and port logistics center in Wuhan, the capital of Hubei Province. Management notes that the Wuhan Newport project is strategically located in the new Hubei Free Trade Zone, and YERR has already invested more than $300mn in real estate acquisitions ahead of this development. The company is now seeking a strategic partner to advance properties under development for the construction of commercial real estate and large-scale port logistics facilities outside Wuhan city. YERR management has articulated a plan to develop its properties over the next three to five years, and is seeking up to $1 billion in financing to complete the project.
Price Target Moves to $23.00
YERR has been among the top performers in the SeeThruEquity coverage universe. At the recent closing price of $16.80 on September 25, 2017, shares have risen by 328% over the last 52 weeks, and shares have risen by approximately 275% since SeeThruEquity initiated coverage on June 9, 2016.
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About Yangtze River Development Limited
Yangtze River Development Limited primarily engages in the business of real estate development with a port logistic project located in the middle reaches of the Yangtze River. Wuhan Newport is a large infrastructure development project implemented under China's latest "One Belt One Road" initiative and is strategically positioned in the "Free Trade Zone" of the Wuhan Port, a crucial trading window between China, the Middle East and Europe. To be fully developed upon completion of three phases, within the logistics center, there will be six operating zones, including port operation area, warehouse and distribution area, cold chain logistics area, rail cargo loading area, exhibition area and residential community. The logistics center is also expected to provide a number of shipping berths for cargo ships of various sizes. Wuhan Newport is expected to provide domestic and foreign businesses a direct access to the anticipated Free Trade Zone in Wuhan. The project will include commercial buildings, professional logistic supply chain centers, direct access to the Yangtze River, Wuhan-Xinjiang-Europe Railway and ground transportation, storage and processing centers, IT supporting services, among others.
About SeeThruEquity
SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. The company does not conduct any investment banking or commission based business. SeeThruEquity is approved to contribute its research to Thomson One Analytics (First Call), Capital IQ, FactSet, Zacks, and distribute its research to its database of opt-in investors. The company also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street.
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Contact:
Ajay Tandon
SeeThruEquity
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SOURCE: SeeThruEquity