E-House China secondary offering

Posted in :

stlplace
Reading Time: < 1 minute

Quoting Reuter News: E-House China (EJ), filed with U.S. regulators on Thursday for an offering of $175 million of its American depositary shares. Note the company recently formed alliance with some major home builders in China (read the news from CNNMoney).

Now they are asking more money from the market, the shareholders (old or new). From my observation the China housing market is at a psychological tipping point, i.e., it is facing a correction to say the least. But in long term, I do believe there are rooms to grow.

I am not planning to buy the EJ. But for reference (Yahoo Finance), it closing price today $21.71 represents PE (ttm) of 44, and Price/sales (ttm) of 16.7.

,

Related Posts

  • How to change the headlight bulb for Toyota Sienna 2012
    November 19, 2024

    <span class="rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Reading Time: </span> <span class="rt-time">< 1</span> <span class="rt-label rt-postfix">minute</span></span> This is the replacement light bulb at Amazon: last purchased Sep 14, 2022 (replace one about 2 years ago; replace another one this evening). One driver flashed me yesterday evening. And this evening a neighbor told me one of the light for my minivan is out 🙂 Took me a while to find the other

    Read More
  • PTSD for Veterans and First Responders
    November 19, 2024

    <span class="rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Reading Time: </span> <span class="rt-time">< 1</span> <span class="rt-label rt-postfix">minute</span></span> Yesterday afternoon, I attended the visitation of a former colleague. Although my boss and colleague didn’t say explicitly, it’s quite apparent to me, that the former colleague took his own life. This is the charity the family suggest donation in lieu of flowers. I googled “PTSD for veterans”, and this resource website by va.gov pops

    Read More
  • My thoughts on #RFKJr nomination of the department of HHS
    November 14, 2024

    <span class="rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Reading Time: </span> <span class="rt-time">3</span> <span class="rt-label rt-postfix">minutes</span></span> My thoughts on #RFKJr nomination of the department of HHS. First I would say nobody or very few people would know him if not for his last name and family connections. He is a #VaccineDenier which may have negative impact on the health of the babies, the toddlers, the younger kids in the US. I

    Read More
  • Drove for Uber the 1st time – 我在美国开优步
    October 14, 2024

    <span class="rt-reading-time" style="display: block;"><span class="rt-label rt-prefix">Reading Time: </span> <span class="rt-time">4</span> <span class="rt-label rt-postfix">minutes</span></span> 中文简体读者：这里有一个谷歌翻译的版本，可能不是最新的版本，但大意差不多。 Yesterday (Sunday) afternoon I drove for Uber the first time, after I thought and talked about it for a bit. Note I still have the day job – this is mostly to supplement my income, and also gain some experience/have some fun. I also wrote a Twitter/X thread here. A few things to do

    Read More
%d bloggers like this: