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4761-4780 of 6548
Alert as homes bubble worsens Friday, December 10, 2010
A mainland government think-tank has warned that the country's real estate bubble is getting worse, with property prices in 35 leading cities overvalued by as much as 70 percent. Prices in 11 cities including Beijing and Shanghai are between 30 and 50 percent above their market value, the China Daily said, citing the Chinese Academy of Social Sciences. Fuzhou, capital of southeastern Fujian province, has the worst property bubble with average house prices more than 70 percent higher than their market value, according to the survey conducted in September. The average price in the 35 cities surveyed is nearly 30 percent above market value, the report said.
Property prices have remained stubbornly high despite the government adopting a slew of measures since April including hiking minimum downpayments to at least 30 percent and ordering banks not to provide loans for third home purchases. Prices in 70 cities were up 0.2 percent in October from the previous month and 8.6 percent higher than a year ago, official data showed. Prices gained 0.5 percent month on month in September - the first rise since May. Massive stimulus measures taken since 2008 to fend off the financial crisis injected huge amounts of liquidity in the market and have been blamed for fueling prices. "The government target is not clear and policy is incoherent," CASS senior research Ni Pengfei was quoted as saying. AGENCE FRANCE-PRESSE
buy only when price break upward the MA lines.... finding support 1 first.... just my 2-cent. Happy trading.
patient is gold when playing stocks, provided good fundamental counter
New123 ( Date: 10-Dec-2010 12:47) Posted:
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Yes. You have to be patient with this counter. It will certainly show you its value. I think it should be worth more than $4..
Capitaland
guys..if u notice rolling p/e is around 9.5x meaning if u calculate their fair value shld be ard $4.8.
I know maybe this is long way to go, but lets wait for next Q. I believe they must doing something to increase their stock price.
Maybe $4 is imminent.
i think its a little risky to go into property now. especially when china may hike their interest rates. plus capland has not been going up but going downhill instead.
ppl digging own grave yard
I've always thought the term "accumulation"
only applies to stocks which are 'stuck' and 'going nowhere'... 
bishan22 ( Date: 10-Dec-2010 11:04) Posted:
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sorry, too early to accumulate... be patient....
bishan22 ( Date: 10-Dec-2010 11:04) Posted:
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agree..
bishan22 ( Date: 10-Dec-2010 11:04) Posted:
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Today i accumulate on dip again. 
i still have some faith for this stock...holding so tight
Right...
It's all about betting,
regardless of time-frame...
des_khor ( Date: 10-Dec-2010 09:55) Posted:
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As I always said in share market must good in this two >> 50 skill + 50 luck !!
useless one .. keep dropping .... no hope liao ... let it go loh ...
still going down ? when will be the upturn ? wait to cash out for christmas shopping. mr liew, pls help.
we never know... so just buy a little to try...
it can..
bsiong ( Date: 08-Dec-2010 16:09) Posted:
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heheh..... i dun think so ...
New123 ( Date: 08-Dec-2010 10:19) Posted:
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dun see any action comes ..... keep floating at current px for few days liao ... getting boring now