19.07.2010 - Waiting for Beijing to turn real estate around
From WSJ: Now that China's property market finally appears to be cooling, is it time to buy property stocks? The question may seem surprising. A 0.1% on-month fall in Chinese property prices, across 70 major cities, is likely just the beginning of a significant drop to come. But the logic to a buy call on property company shares goes like this: The share prices have taken a hammering in recent months, to the point where the potential bad news for the sector is factored in..............................................Full Article: Source
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