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Very favorable comments. Share price reaching 6-month low with strong support. Time to buy.
Lets see what happens:
William Blair & Company Initiates Coverage of E-House (China) Holdings Limited With Outperform Rating
Date : 06/12/2008 @ 8:30AM
Source : Business Wire
Stock : William Blair & Company, L.L.C. (EJ)
Quote : 11.68 0.07 (0.60%) @ 7:59PM
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William Blair & Company Initiates Coverage of E-House (China) Holdings Limited With Outperform Rating
William Blair & Company initiated research coverage of E-House (China) Holdings Limited (NYSE: EJ) ($13.04), a leading real estate services company in China, with an Outperform rating and Aggressive Growth company profile.
Analyst Brandon Dobell estimated that the company, which provides primary real estate agency services, secondary real estate brokerage services, and real estate consulting and information services, would earn $0.81 per share in 2008 and $1.13 per share in 2009.
“We believe the growth in residential real estate development in China, combined with the efficiencies of outsourcing noncore processes, will help E-House generate significant growth over the next decade,” Dobell said. “While we recognize that not every developer will view sales-and-marketing functions as noncore, we expect many developers to recognize the service level and cost-savings benefits associated with the expertise, processes, and coverage provided by outside sales-and-marketing providers like E-House and turn over these functions to the company. We also believe that scale and brand will drive market share in the real estate services industry, and E-House is well positioned here as well.” He added, “In the coming years, we expect E-House’s revenue growth to benefit not only from outsourcing sales-and-marketing functions for residential developers, but also from penetration of related opportunities in consulting, information services and market research.” William Blair & Company, L.L.C. has received compensation for investment banking services from the company within the past 12 months, or expects to receive or intends to seek compensation for investment banking services in the next 3 months.
Brandon Dobell owns shares of the security.
William Blair & Company, L.L.C. is a market maker in the security of this company and may have a long or short position.
For important disclosures and information regarding the firm’s rating system, valuation methods and potential conflicts of interest, please visit: http://www.williamblair.com/Pages/news_story_dept.asp?uid=1379&depID=4 Additional information is available upon request.
Had to flipp some shares today. not looking pretty right now and I don't believe in losing any shirts.
haaaaa $15.00!!!!!! darn it's a good:)
Nice move on the meril linch PR
Grrrrreeeen is good
Total revenues were $33.2 million for the first quarter of 2008, an increase of 107% from $16.0 million for the same quarter in 2007.
Keep rolling EJ, we're under the radar :) :)
Hilton's sitting at 34.90 THAT'S OUR TARGET!!
E-House to Attend 2nd CLSA Corporate Access Forum 2008 and Present at Oppenheimer's 2nd Annual China Dragon Call Conference
SHANGHAI, China, May 12 /Xinhua-PRNewswire-FirstCall/ -- E-House (China) Holdings Limited ("E-House") (NYSE:EJ), a leading real estate services company in China, today announced that Mr. Li-Lan Cheng, E-House's chief financial officer, will attend the 2nd CLSA Corporate Access Forum 2008. The conference will be held at the Mandarin Oriental Hotel in Singapore from Tuesday, May 20, 2008 to Friday, May 23, 2008.
E-House also announced that Ms. Kate Kui, E-House's director of corporate development and investor relations, will attend Oppenheimer's 2nd Annual China Dragon Call Conference. The conference will be held at Oppenheimer's 300 Madison Avenue offices in New York City from Tuesday, May 20, 2008 to Thursday, May 22, 2008. Ms. Kui will present on Tuesday, May 20, 2008 at 2:25pm Eastern Daylight Time. A live webcast of E-House's presentation will be available on the "Investor Relations" section of the E-House website: http://www.ehousechina.com/en/ under "Event Calendar."
gotta jump out for a while. That earthquake will have consequences IMO........we'll see. Up 48
$20.00 coming soon........... imo
Lets roll with another money day!!!!!!!!!
Money is a good thing folks, money is a good thing!!!!!!!
Shook the tree and now you must to pay a higher price,lol!!!!
Property sales up in Shanghai
+ - 08:32, April 09, 2008
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SHANGHAI: The city's homebuyers are regaining faith in the property market, with sales up 150.2 percent from February to 1.8 million sq m in March.
Average sales growth in March from February was around 90 percent during the past three years - usually a slow season for the property market, China Real Estate Index System said.
A total of 17,644 apartments were sold in March, up 72.7 percent from February. Around 42 percent of new developments saw an average price rise of 4.2 percent, while 13 percent fell an average 4.8 percent.
Analysts said rising prices show buyer enthusiasm is returning after the city's property market cooled, with sales shrinking a combined 16.6 percent in January and February.
"Stringent macro controls on real estate have to some extent affected market expectations in the first two months this year, HingYin Lee, director of Colliers International East China Consultancy & Research, said.
The China Banking Regulatory Commission's tough stance on loans and tighter credit at commercial banks made it difficult for developers to get capital.
The China Securities Regulatory Commission also said in March that capital raised from initial public offerings can't be used to buy land, which dampened developers' investment outlook.
Some developers, such as Evergrande Real Estate, postponed IPOs in Hong Kong due to poor market sentiment worldwide.
"But the Chinese government is not expected to issue more real estate tightening measures this year due to the possible economic slowdown," Lee said.
Meanwhile, "Vanke saw brisk sales after its sales promotion in February, and that also demonstrates the robust demand in a speculative market," Lee said.
"Market sentiment is expected to remain stable in the next few months and sales will not see large ups and downs," Zhang Qi, an analyst at China Real Estate Index System, said.
"High-end residential sales are expected to remain stable, and sales of apartments located on the city's outskirts are likely to drop," Lee said.
The supply of high-end apartments this year is expected to be only 52 percent of last year's, CB Richard Ellis said.
Another great day EJ. looks like I might have to readjust some shares in the morning before too many flippers have their way.
E-House Ranked as China's No. 1 Real Estate Agency and Consulting Company for Fourth Consecutive Year
Company to Formally Launch Fee-based Subscription Service for CRIC
SHANGHAI, China, March 31 /Xinhua-PRNewswire-FirstCall/ -- E-House (China) Holdings Limited ('E-House') (NYSE: EJ), a leading real estate services company in China, today announced it has been honored as China's largest real estate agency and consulting company for 2007 by the China Real Estate Top 10 Committee. E-House also received awards for the best overall strength and as the best comprehensive service provider in China's real estate agency and consulting sector. The China Real Estate Top 10 Committee is a real estate market research task force jointly organized by the China Real Estate Association, the Enterprise Research Institute of Development Research Center of the State Council of PRC, the Institute of Real Estate Studies of Tsinghua University and the China Index Academy.
'We are very proud to be ranked number one for four consecutive years from 2004 to 2007,' said Mr. Xin Zhou, chairman and chief executive officer of E- House. 'This reflects our strong leadership position and will further enhance our brand recognition in the industry.'
E-House also announced that on April 2, 2008, it will formally roll out the 2008 edition of its proprietary CRIC database system. E-House will launch its fee-based CRIC subscription services following a successful trial period and based on feedback from trial users. E-House will offer both basic access to the database for a flat annual subscription fee and value-added services for premium fees to suit special needs of its customers. The subscription service is offered to real estate developers, investors and other institutions in China's real estate industry.
Alright EJ we're on the mao now!!!!!!!!!
Guy knows his stuff, thanks for sharing.
EJ chart courtesy of ClayTrader
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28031057
Another boooom for the day!!!!!!!!!
I love it.
Pre-market picking up. Lets see if it holds this time around :)
E-House Announces Proposed Share Purchase by Controlling Shareholder EJ
It's a shame no one is paying attention to this unfold.
Are the profit takers done?
Lets roll again EJ!!! Watching extremely close this week. Looking for the free shares to work for me here.
oh yeah she's rolling............. up .82 for the day
Still being dropped, keep going till the buys start to roll!!!
Come on guys bring her down a little further, I need an entry point!!!!!
E-House China reports surging revenues
+ - 14:14, March 09, 2008
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Real estate service provider E-House China Holdings Ltd. generated revenues of 121 million U.S. dollars last year, an annual increase of 116 percent.
The Shanghai-based company, listed on the New York Stock Exchange, announced here on Friday that it made 41.7 million U.S. dollars in net profit, up 130 percent year-on-year.
Its diluted earnings per American depositary receipt (ADR) were56 U.S. cents for the full year 2007, higher than the 0.49 U.S. cents estimated by Wall Street analysts.
E-House estimated its revenues for the first quarter of 2008 would be as high as 32 million U.S. dollars, which would be an increase of 100 percent from the same period in 2007.
It also predicted that revenues would reach 240 million U.S. dollars this year, up 98 percent from 2007.
BEIJING, Mar 07, 2008 (SinoCast China IT Watch via COMTEX) -- SINA | news | PowerRating | PR Charts -- Chinese leading Internet portals like SINA Corporation (Nasdaq: SINA), NetEase.com, Inc. (Nasdaq: NTES), and Baidu.com, Inc. (Nasdaq: BIDU), successively started their plans for the online real estate field.
SINA announced on February 25, 2008 that it would spin off its real estate and home decoration channels to set up a joint venture with real estate service provider E-House (China) Holdings Limited.
Under the agreement between SINA and E-House China, the coming venture will operate SINA's real estate and home decoration channels and will team up with E-House China to explore new revenue modes.
Notably, E-House China will offer professional real estate information and related online products for the venture via its proprietary real estate information database and analysis system, China Real Estate Information Circle system, which contains transaction data on land, residences, offices, as well as commercial buildings in 30 major cities in the country.
NetEase also unveiled a similar move in the real estate field. It established a strategic partnership with Nettop.cn on real estate and home decoration online advertising segments, NetEase said recently.
Nettop, a real estate e-marketing service firm, will be responsible for the content construction and advertising operation of NetEase's real estate and home decoration channels.
In addition, Baidu, which also showed great interest in real estate online advertising, said on February 28 that it would enhance its cooperation with clients in traditional industries in a bid to snatch a share in real estate online advertising.
Chinese websites foray into real estate online advertising segment mainly thanks to the strong demand and prosperous outlook of the domestic real estate market, noted Charles Chao, CEO of SINA.
Internet has been an important measure for real estate marketing. Internet users, particularly 25- to 35-year old users, are the potential house buyers, according to statistics.
Thus, real estate online advertising has been leaping in recent years. The number of real estate online advertisements rose to 1,093 in October 2007 from 661 in January 2007, increased at a pace of 65.4 percent.
SINA, a leading Chinese Internet portal, posted net profits of USD 17.5 million or USD 0.29 per share for the fourth quarter ended 31, 2007, up from USD 11.7 million or USD 0.20 per share in the period of the previous year.
Net revenues for the period rose 25 percent year on year to USD 70.7 million, higher than the earlier expected USD 68 million to USD 70 million, according to the company's unaudited quarterly fiscal report.
E-House Announces Fourth Quarter and Full Year 2007 Results and Reaffirms Positive Outlook for 2008
Full Year 2007 Revenues Grew 116% to $121.0 Million
Full Year 2007 Net Income Grew 130% to $41.7 Million
E-House to Report Fourth Quarter and Fiscal Year 2007 Financial Results on March 7, 2008
SHANGHAI, March 3 /Xinhua-PRNewswire-FirstCall/ -- E-House (China) Holdings Limited (''E-House') (NYSE: EJ), a leading real estate services company in China, today announced that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2007 before the U.S. market opens on March 7, 2008.
E-House's management will host an earnings conference call at 8 AM on March 7, 2008 U.S. Eastern Time (9 PM on March 7, 2008 Beijing/Hong Kong time).
Dial-in details for the earnings conference call are as follows:
US: +1-617-847-8705
Hong Kong: +852-3002-1672
Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call. The passcode is ''E-House earnings call.''
A replay of the conference call may be accessed by phone at the following number until March 14, 2008:
International: +1-617-801-6888
Passcode: 65137729
Additionally, a live and archived webcast of the conference call will be available at http://ir.ehousechina.com .
About E-House
E-House (China) Holdings Limited ('E-House'') (NYSE: EJ) is a leading real estate services company in China. Since its inception in 2000, E-House has experienced rapid growth and is now China's largest real estate agency and consulting services company with presence in more than 30 cities. 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 for its innovative and high quality services, including ''China's Best Company'' from the National Association of Real Estate Brokerage and Appraisal Companies. 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
Email: katekui@ehousechina.com
Cathy Li
Ogilvy Public Relations Worldwide (Beijing)
Tel: +86-10-8520-6104
Email: cathy.li@ogilvy.com
In the U.S.
Jeremy Bridgman
Ogilvy Public Relations Worldwide (New York)
Tel: +1-212-880-5363
SOURCE E-House (China) Holdings Limited
EJ ~~E-House Q2 Profit Soars Buoyed By Higher Revenues;
Guides Q3 - Update
Wednesday, August 22, 2007; Posted: 07:03 PM
(RTTNews) - Wednesday, after the bell, E-House China Holdings Ltd. (EJ | charts | news | PowerRating), real estate agency services provider, announced second quarter financial results, reporting a surge in profit from the year ago quarter, buoyed by robust revenues despite an increase in expenses. The company also provided outlook for third quarter.
The Shanghai, China-based company's second quarter net income rose to $6.36 million or $0.09 per share from $1.86 million or $0.03 per share in the same quarter last year.
Revenues for the quarter increased 147% to $23.99 million from $9.70 million in the previous year.
Income from operations was $9.74 million, compared to $2.39 million in the same quarter a year ago.
Cost of revenues for the current quarter rose to $4.52 million from $2.33 million in the prior year, while selling, general and administrative expenses increased nearly 100% to $9.73 million from $4.98 million in the same quarter of the previous year.
The company's cash and cash equivalents as of June 30, 2007 were $24.29 million, compared to $24.31 million as of December 31, 2006.
The company said it had a total of 141 brokerage stores in five cities in China as of June 30, 2007.
On July 23, 2007, E-House granted options to purchase a total of 915,000 ordinary shares to certain employees at an exercise price of $12.50 per share.
On August 8, 2007, the company completed its Initial Public Offering or IPO. Including the exercise of an over-allotment option, the company issued and sold a total of 13,167,500 American Depositary Shares or ADS, and the selling shareholders sold an additional 3,622,500 ADS. Each ADS represents one ordinary share. The offer price was $13.80 per ADS. The net offering proceeds for the company after deducting expenses related to IPO were $169 million, and proceeds for selling shareholders were approximately $46.5 million.
Six-Month Period Results
For the six-month period net income increased to $10.76 million or $0.15 per share from $515 thousand or $0.01 per share in the same period a year ago.
Revenues for the period rose 193% to $40.03 million from $13.67 million last year.
Outlook
Looking forward, the company expects its third quarter 2007 revenues to be in the range of $24 - $26 million.
EJ closed Wednesday's regular trading at $17.00, up $1.15 or 7.26%, on a volume of 501,900 shares on the NYSE. In after-hours trading, the stock further gained $1.99 or 11.71%, trading at $18.99.
For comments and feedback: contact editorial@rttnews.com Copyright(c) 2007 RealTimeTraders.com, Inc. All Rights Reserved
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E-House (China) Holdings Limited
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E-House Reports Third Quarter 2008 Results
E-House Announces Results of 2008 Annual General Meeting of Shareholders
Highlights for 2007
-- Total revenues for the full year 2007 were $121.0 million, an increase of 116% from $56.0 million in 2006.
-- Net income for the full year 2007 was $41.7 million, an increase of 130% from $18.1 million in 2006.
-- Net margin increased to 34.5% in 2007 from 32.3% in 2006.
-- Diluted earnings per ADS were $0.29 for the fourth quarter of 2007 and $0.56 for the full year 2007.
-- Estimated revenues for the first quarter of 2008 will range from $29 million to $32 million, an increase of 81% to 100% from the same period in 2007. For the full year 2008, estimated revenues will range from $210 million to $240 million, an increase of 74% to 98% from 2007.
E-House (China) Holdings Limited
We are a leading real estate services company in China based on scope of services, brand recognition and geographic presence. We provide primary real estate agency services, secondary real estate brokerage services as well as real estate consulting and information services. Ranked as the largest real estate agency and consulting services company in China for three consecutive years from 2004 to 2006 by the China Real Estate Top 10 Committee, we have shown our commitment to providing excellent services to our clients.
========================================================
Primary Real Estate Agency Services
E-House’s principal business is to provide primary real estate agency services to real estate developers of mainly residential properties. Marketing and sales services in the primary real estate market constitute our core business.
Our project work typically begins by preparing a customized marketing plan, developing a signature identity and brand and establishing long-term awareness among prospective purchasers in the primary market. These efforts lead to more successful results for our clients and have the added benefit of contributing toward our future sales relationships in the secondary market. Our marketing efforts cover the print media, television, Internet, billboards at public spaces, housing exhibits and entertainment events.
Our proprietary sales monitoring system allows prospective buyers to view inventories of unsold units on a real-time basis and enables our sales staff and developers to closely monitor the status and adjust the strategies for the sales of units at various stages.
We also generate sales by contacting targeted customers with information on selected projects. We have a nationwide “E-House Membership Club” through which we promote new properties to members based on the customer profiles and preferences.
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