China Ceramics Co. Ltd. (CCLTF)

[GorillaGorilla]

I agree it's the housing bubble that has people worried. CCLTF only need what China needs which is more houses; ideally with tasteful ceramics.

If there is a property crash will the builders lose out and go bust? That's the crux - if they pass on the properties on completetion and don't hold a large inventory and don't overpay for land then they should be shielded from the worst of a price downturn. As long as they keep building were in the money.

Management need to map out a worst case scenario using contracts / retail sales or whatever. Certainly in China the property companies have lagged the rest of the market this year.

rich