China Stock #3 – E-House (EJ)
E-House (EJ) thinks of itself as an asset-light real estate services firm that helps real estate developers
sell properties. Because of the huge increase in China’s monetary supply, the country has seen an enormous increase in property sales volume.
For the second quarter alone, the company reported a 172% increase in revenues over the same quarter last year. That, as they say, is not too shabby.
But what’s perhaps even more bullish for E-House is the theory that my friend and China expert extraordinaire Robert Hsu proffers when it
comes to the Chinese property market. Hsu thinks that the Chinese
real estate market is still in the nascent stages of a huge bull market. He argues that demand for Chinese real estate will remain high, and that
E-House is perfectly positioned to benefit from this new bull in the months ahead.
I concur, and apparently, so do investors. They’ve bid up EJ shares 288% over the past 12 months.
5 China Stocks for Smart Investors
Article printed from InvestorPlace Media, http://investorplace.com/2009/10/china-stocks-to-buy/.
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