EJ - Sector: Services --- Industry: Real Estate Operations

[setravis]

Profile:  

 
E-House (China) Holdings Limited
17th Floor Merchandise Harvest Building East
No 333 North Chengdu Road
Shanghai,  200041
China - Map
Phone: 86 21 5298 0808
Fax: 86 21 5298 0009
Web Site: http://www.ehousechina.com

DETAILS  
Index Membership: N/A
Sector: Financial
Industry: Property Management
Full Time Employees: 2,137


BUSINESS SUMMARY  
E-House (China) Holdings Limited provides real estate agency services, real estate brokerage services, and real estate consulting and information services in the People's Republic of China. It primarily provides real estate agency services to residential property developers. The company also offers real property brokerage services, and intends to provide listing and brokerage services, which include sales and rentals. E-House (China) Holdings focuses its real estate brokerage services in three metropolitan areas within China, including Shanghai, Wuhan, and Hangzhou, as well as in Hong Kong and Macau. Its real estate consulting and information services include land acquisition consulting and property development consulting; and consulting services to investors interested in purchasing businesses with land or other real estate assets, as well as to banks, real estate trade associations, and governmental property and planning agencies. The company was founded in 2000 and is headquartered in Shanghai, the People's Republic of China.

[setravis]

6 Hot IPOs
The following are a few of the most recent IPOs.
E-House Holdings (NYSE: EJ)
VMWare (NYSE: VMW)
WuXi PharmaTech (NYSE: WX)
MercadoLibre (Nasdaq: MELI)
Horsehead Holding (Nasdaq: ZINC)


My contention here is on EJ.......

52wk Range: 12.26 - 35.16
Volume: 2,134,400
Avg Vol (3m): 970,739
Market Cap: 1.70B
P/E (ttm): 87.40
EPS (ttm): 0.39

Technicals
Record Price High
Percentage Gainer
Price Gainer

Last Price Quote is:
18.89%above 13-day MA
48.21%above 50-day MA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): $2,037.54 
P/E Ratio: 87.93 
PEG Ratio: 0.946218 
Next Earnings: 11/22/2007
Last Analyst Rating: Buy

[setravis]

Investor's Business Daily
Chinese IPOs Keep Their Shine As China Digital TV Climbs 75%
Reinhardt Krause


China is churning out red-hot IPOs much as its factories make toys, clothing and solar panels.
Chinese companies are on track to launch a record number of initial public offerings in 2007 on stock exchanges across the globe.

Through September, mainland Chinese firms raised $34.6 billion through IPOs in Shanghai and Shenzhen, says Thomson Financial. Other Chinese firms raised $12.4 billion in Hong Kong.

The pipeline to New York has been well-stocked, giving U.S. investors new opportunities to take part in China's blistering growth.

In the U.S., 16 Chinese companies have launched IPOs this year, raising more than $3 billion. At least three more are on tap. The previous U.S. high was 11 in 2004.

Among 2007's big gainers: WuXi Pharmatech (NYSE:WX - News); energy firms LDK Solar (NYSE:LDK - News), Yingli Green Energy (NYSE:YGE - News) and JA Solar (NasdaqGM:JASO - News); E-House (NYSE:EJ - News) and Perfect World .

Shares in China Digital TV shot up 75% in its debut Friday. The maker of smart cards and software that control TV access sold 12 million shares at $16 apiece, above its already-raised price range.

So while Asian markets are hot, some Chinese companies are still taking the U.S. route for IPOs.

"It's easy to raise money in Hong Kong and the domestic market," said Richard Gao, portfolio manager of Matthews China Fund. "Companies can just watch their valuations go up.

"But there are still a lot of companies interested in listing overseas, in New York, especially high-tech and private-sector companies."

Three more Chinese companies plan U.S. IPOs this year: Fuqi International, Noah Education and Longtop Financial Technologies.

The New York Stock Exchange and Nasdaq have stepped up efforts to attract IPOs from Chinese companies. In September, the NYSE was the first foreign exchange to open an office in China.

"The (overseas) IPO pipeline is by no means dry. There's a lot more still to happen, especially from the private sector," said Paul Cavey, China economist at Macquarie Securities.

"On the Internet side, it's much more driven by the private sector," Cavey added. "There's a lot of competition and innovation. There are still a lot more IPOs to come."

China's leading Web search firm, Baidu.com (NasdaqGS:BIDU - News), and online gaming firm Shanda Interactive Entertainment (NasdaqGS:SNDA - News) have been top performers since their U.S. IPOs.

A Chinese IPO is no sure-fire winner. Several U.S. listings are trading below their offering prices. But many have doubled or nearly tripled since their IPOs.

China's government plays a big role in how and where its companies get listed.

State-controlled companies, like banks and those involved in heavy industries, continue to go public mainly in Hong Kong.

Most big companies known to U.S. investors, including China Mobile (NYSE:CHL - News), China Life Insurance (NYSE:LFC - News) and PetroChina (NYSE:PTR - News), trade here as ADRs but are listed in Hong Kong.

"Until recently, the only listings on the NYSE from China were ADRs from state-owned enterprises, the big dinosaurs," said Donald Straszheim, vice chairman of Roth Capital Partners.

"Now you're beginning to see more (private) companies, like solar, listing on the NYSE as opposed to Nasdaq."

He added, "Most companies in China that have some sort of global vision still look very favorably on listing in New York."

Orders From Beijing

China's government wants more "red chip" companies -- those listed and incorporated in Hong Kong -- to list on the yuan-denominated, domestic A-share market.

Those companies include China Mobile and PetroChina. With dual listings, Beijing hopes to even out company valuations on the Hong Kong and mainland exchanges.

China's A-share market is largely closed to foreign investors; most Chinese are unable to buy shares in Hong Kong or other markets.

Frothy stock markets -- the Shanghai exchange is up 108% this year -- have fueled domestic IPOs. Mainland Chinese companies raised more IPO money than any other country last year and will do so again in 2007, says Thomson Financial.

China's consumers have shifted savings from banks to stocks. Many Chinese firms have invested in the booming stock market to boost earnings.

In the first nine months of 2007, 139 Chinese firms went public on domestic markets, says Thomson Financial. The mainland should easily surpass the 2004 peak of 156 IPOs.

"There has been a big jump in mainland listings, but the quality isn't very good," said James Oberweis, manager of Oberweis China Opportunities Fund. "There's been a noticeable degradation of quality relative to Hong Kong."

Hong Kong IPOs also are on a record pace, though proceeds will likely fall well below 2006's $43 billion. That's because mainland banking giants -- the Industrial & Commercial Bank of China and the Bank of China -- had huge IPOs last year.

Chinese firms that trade in the U.S. also tend to have better accounting, thanks to tougher listing and governance rules. As LDK's 26% swoon last week showed, bookkeeping charges still dog Chinese firms.

U.S. Costs Deter China IPOs

Those same requirements deter some Chinese companies from trading in the U.S. It's less expensive to list in Hong Kong, says Oberweis.

"The traditional reasons of listing in N.Y. -- to gain transparency and liquidity -- I think is being challenged," said Oberweis.

"The logical place to attract international investment is probably Hong Kong, which has demonstrated that it has the liquidity to do big deals.

"Are there people who would buy a stock in New York that aren't in Hong Kong? Yes, there might be Joe Retail. But big institutional buyers buy anywhere in the world."

Aided by big bank deals, IPOs by Chinese companies in Hong Kong raised $566 million on average from Jan. 1, 2006, through Sept. 30, says Matthew Molberger, analyst at Renaissance Capital. U.S. IPOs of Chinese companies averaged $227 million over the same period.

Chinese firms have outpaced other offerings, according to Renaissance Capital's IPO Index. They've averaged 40% gains since Jan. 1, 2006. Other IPOs are up 33% on a float-weighted average.

[setravis]

Press Release Source: E-House (China) Holdings Limited


E-House Recognized as China's Leading Real Estate Consulting and Agency Services Company


SHANGHAI, China, Xinhua-PRNewswire-FirstCall/ -- E-House (China) Holdings Limited ("E-House") (NYSE: EJ - News), a leading real estate services company in China, today announced it has been awarded the leading brand in China's real estate consulting and agency sector by the China Real Estate Top 10 Committee.


"I am deeply honored to accept the Top 10 Committee's recognition of E- House as China's leading brand in the real estate consulting and agency services industry," said Xin Zhou, chairman and chief executive officer of E- House. "This award reflects our position as China's leading integrated real estate service company."

E-House recently completed its IPO on the New York Stock Exchange on August 8, 2007, making it the first Chinese real estate-related company to list on an US stock exchange.

E-House leverages its unparalleled geographic coverage and national network of over 3,100 employees to provide clients with a comprehensive set of services including primary real estate agency, secondary real estate brokerage, and real estate consulting and information services. The company's proprietary CRIC database system provides the most comprehensive and up-to-date compilation of real estate data available in China today.

The China Real Estate Top 10 Committee determined E-House to be the most valuable brand in China's real estate consulting and agency sector based on its 2007 Brand Value Appraisal System. The committee was jointly established by the Enterprise Economic Research Institute of Development Research Center of the State Council of the People's Republic of China, the Institute of Real Estate at Tsinghua University and the China Index Research Institute.

About E-House

E-House (China) Holdings Limited (NYSE: EJ - News; "E-House") is a leading real estate services company in China based on scope of services, brand recognition and geographical presence. Since its inception in 2000, E-House has experienced rapid growth and has become the largest real estate agency and consulting services company in China. E-House provides primary real estate agency services, secondary real estate brokerage services and real estate consulting and information services, and has received numerous awards and accolades for its innovation and quality, including "China's Best Company" from the National Association of Real Estate Brokerage and Appraisal Companies in 2006. E-House believes it has the largest and most comprehensive real estate database system in China, providing up-to-date and in-depth information covering residential and commercial real estate properties in all major regions in China. For more information about E-House, please visit http://www.ehousechina.com .


    For investor and media inquiries, please contact:

    In China:
     Kate Kui
     Director of Corporate Development and Investor Relations
     E-House (China) Holdings Limited
     Tel:       +86+21-5298-0219
     E-mail:    [email protected]

     Cathy Li
     Ogilvy Public Relations Worldwide (Beijing)
     Tel:       +86-10-8520-6104
     E-mail:    cathy.li@ogilvy.com

    In the United States:
     Jeremy Bridgman
     Ogilvy Public Relations Worldwide (New York)
     Tel:       +1-212-880-5363
     E-mail:    [email protected]
--------------------------------------------------------------------------------
Source: E-House (China) Holdings Limited

[BigSully1]

http://biz.yahoo.com/ap/071115/earns_e_house.html?.v=1

[kslifka]

Very nice.  Look at next quarters guidance

Something has been going against these Chinese stocks lately even though earnings have been good.  Anyway...BigSully thanks for the Heads Up.  I really believe the Chinese want to showcase their tech/economic power during the Olympics next year.

NEW YORK (AP) -- Chinese real estate agency E-House (China) Holdings Ltd. said Thursday it expects its fourth-quarter revenue to rise by at least a third, while its full-year revenue should more than double year over year.

The Shanghai company forecast its fourth-quarter revenue will increase 33 to 42 percent to $46 million to $49 million. For 2007, E-House expects revenue of $117 million to $120 million, up 109 to 114 percent over 2006.

The company, which went public in August, did not provide last year's figures.

[422fwhp]

cheap cheap!

[WallStreetnBio]

This stock is not cheap. Earnings are supposed to be $0.23 next quarter.  Thats $0.92 on a yearly basis.  With a 20 PE ratio you have a $18.40 stock.

CDS will earn $1.00 for 2008 with a 20 PE you have a $20 stock and its trading under $9 right now. Thats cheap.

[422fwhp]

http://moneycentral.msn.com/investor/invsub/analyst/earnest.asp?Symbol=EJ

http://finance.yahoo.com/q/ae?s=EJ

[422fwhp]

update

[BigSully1]

Just want to say that this is another that setravis had already started a tfread on and it didn't come up in search. Sorry setravis.

[BigSully1]

update

[setravis]

After the long haul down, may have hit the bottom...

52wk Range: 10.05 - 36.45
Volume: 1,927,510
Avg Vol (3m): 952,237
Market Cap: 1.03B
P/E (ttm): 23.91
EPS (ttm): 0.56

Technicals
Percentage Gainer

Last Price Quote is:
8.80%above 13-day MA
-16.99%below 50-day MA
RS Rating: 6 

Fundamentals
Key Data:
Market Cap (M): $848.86 
P/E Ratio: 20.13 
PEG Ratio: 0.190108 
Next Earnings: 06/06/2008
Last Analyst Rating: Positive

[422fwhp]

update...

[422fwhp]

...about to blow?