Reading Time: 3 minutes First a little background. Longtop did its high profile IPO on Oct. 24, a short month ago at NYSE (think how much market sentiment has changed since then). As the first Chinese software company listed in NYSE, Longtop is in the sweet spot in terms of the customers they serve: the Chinese banks. Chinese banks,
Reading Time: < 1 minute Week in progress 11/25 to 12/01/07 1) Panera to buy back up to USD 75 millions (worth) of shares from a broker (see the news here). The is in contrast to Crocs panic buy back announced on Nov. 1, amid the sharp fall of its stock price after it announced Q3 result. Last I looked
Reading Time: < 1 minute I read some interesting Chinese posts from soufun today. I just put the links here: thought we may get a better picture of Shanghai housing market by reading them all. Pudong new housing one day tour 浦东看房一日游. Songjiang overview 松江新城高品质公寓 (the author appears to be biased toward Poly since he/she is Poly West Bay 保利西子湾
Reading Time: < 1 minute Since the economy is so bad, I am going to give away some gift certificates for restaurants.com. Just do my part to boost the US economy 🙂 Seriously, I am going to give away up to Four $25 gift certificates (valid in the US only), to the loyal supporters and friendly commentators of this wonderful
Reading Time: < 1 minute (Updated) I used the revenue number from company report and calculated the growth rate, using google spreadsheet. Revenue, in thousand of $, the following columns may not align right, click the G speadsheet above if you like. FY ending 3/31/2007 3/31/2008 growth rate 3/31/2009 growth rate Q1 9238 11530 24.81% ? Q2 11204 20200 80.29%
Reading Time: < 1 minute I went to do my annual eye exam today. I noticed they offer an add-on service named QuantifEye(R), which is a macular degeneration test cost $20 (not covered by insurance). Curious about the test, and because I worked a lot before computers (thought that would make my eyes aging faster than my parents), I did
Reading Time: < 1 minute I heard these UGG shoes (boots more exactly) from my friend Sophie not long ago. Today when I visited the west county mall, I stopped by the Journeys and Nord Strom, and I saw those boots were both displayed on the predominant spots. Not surprisingly, I also saw quite a few people are wearing those
Reading Time: < 1 minute “For every Focus Media, there are 10 AirMedia or VisionChina Media”. I took bus and taxi from time to time when I was in Shanghai, because I don’t have my own car. One thing I notice is those LCD screens on bus, metro and taxi. There are news on the bus LCD, the ones in
Reading Time: < 1 minute “万科不鼓励炒房”, the original Chinese article is here at 21cbh. <21世纪>:万科怎么看待炒房客? 王石:在高档住宅方面,万科占的比例很小,同时万科也不鼓励炒房。这不是说你要炒房我们就不卖给你房子,但是我们在合同当中是有一些限制,不鼓励炒房。我们有一条规定,买了万科的房子,在房产证交给你之前,你要办过户手续万科是不给办的。当然,办了房产证之后,你要炒那是你自己的事,跟万科没有关系。 <21世纪>:怎么看待外国人到内地炒房?国内房价高企多少应该归因于海外炒家? 王石:现在这种势头还是有的,尤其人民币升值吸引大量热钱往里进。海外购房者不可能成为中国购房的主力军,国内的房价也不可能是外资购房者哄抬起来的,就连香港这么国际化的地方,你能说香港的房价是外来投资者支撑的吗?中环的高档写字楼那些另当别论,光看住宅的话,更多的还是当地购房者购买,因为人口比例在那里摆着呢。 万科的开发是针对主流市场,当然我们开发的高档住房,外来投资者占的比例可能达到20%,但主流市场一定不是他们。举个例子,香港居民到深圳购房的比例都不超过8%。 My take: house flipping has been highly profitable in the past few years. Besides the famous Wenzhou housing flippers, I have heard brokage firm such as E-Housing (NYSE:EJ) has made money from this too. But Vanke is not interested in making
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