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.
This one is unreal. Can't believe that nobody is interested in the warrants at these levels. Some companies run after earnings with 100 times worse numbers and this one just stays flat or even went down since the earnings.
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