The company holds a class A certificate in the real estate industry and owns sufficient land reserve for its development within the next five years. It focuses on developing housing projects and commercial real estate businesses in low-risk high-growth cities in China. As a result, its risks are controlled and the macro control policies in China has only a small impact on it.

In addition, the company is also developing the Beijing Celebrities Square, which will become a new profit centre with the upcoming Beijing Olympic Games.

The company's stock price dropped excessively to RMB 5 per share and its PE is only 10, lower the industry average. It is severely undervalued and is expected to go upward following ex-rights.


Source: Shanghai Securities News

Date: 11 Jul 2008

CN01/BG/MZ/BT/WH