China New Town

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12 years 7 months ago - 12 years 7 months ago #7115 by MacGyver
Property companies are in for a winter in China for the next 12 months.
The Govt will not crash the sector as they still depend on the sales of land for their income. But they will not allow the prices to balloon too for fear of social unrest.
If you read the Chinese news, even giant property players like Powerlong is seeking a 1 billion debt with interest rate as high as 13%.
Exercise caution in buying property-related PRC companies.
Last edit: 12 years 7 months ago by MacGyver.

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12 years 6 months ago #7334 by pine
Replied by pine on topic Re:China New Town
HK property companies all soared. In SG, Yanlord has run .... Now it's China New Town's turn. 6.7 cents . Still way below what it was a few months ago ... Just my 2 yuan worth.

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12 years 5 months ago #7410 by Val
Replied by Val on topic Re:China New Town
No sign of stirring yet. 6.2

Earnings are choppy due to nature of its business, dependent on land sales whose schedule is determined not by itself but by the govt.

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12 years 5 months ago #7434 by Dongdaemun
Replied by Dongdaemun on topic Re:China New Town
Are Ying Li Real Estate and Yanlord better buys for exposure to PRC property market?

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12 years 5 months ago #7495 by Dongdaemun
Replied by Dongdaemun on topic Re:China New Town
I am conservative on China property plays because, like in Singapore, the govt wants to dampen prices so that the people can afford housing. The latest news from China is quite stark:
HONG KONG (MarketWatch) -- China is seeking a "reasonable correction" in housing prices, Chinese Premier Wen Jiabao reportedly said Monday, affirming the government will keep its policy stance involving administrative controls and other measures intended to cool the market. Wen was cited by the Chinese-language Phoenix TV as saying during a visit to Russia that Beijing will seek to make homes more affordable and promote a stable and healthy development of the housing sector
 

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12 years 5 months ago #7515 by pine
Oh man, the answer is 'yes' if you ask Peter Lim Eng Hock, the ex-remisier king. Yanlord has just announced that Peter Lim has become a subst shareholder. Oh groan, I should have bought when it was 80 cents...... sob sob
[hr]
[garl 01-11-2011]:

Are Ying Li Real Estate and Yanlord better buys for exposure to PRC property market?

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