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E-House (China) Holdings Limited Message Board

  • blackboxfund blackboxfund Apr 1, 2013 6:28 AM Flag

    At least one analyst targets $ 6.10 for E-House this year

    In a report published Thursday, Deutsche Bank analyst Jason Ching reiterated a Buy rating on E-House (China) Holdings Limited (NYSE: ), but lowered the price target from $9.50 to $6.10.

    In the report, Ching noted, “Over the past two years, E-House's financial performance was severely hit by volatile market conditions and heavy initial investments/costs associated with its online businesses. Following a series of cost restructuring and implementation of cost-saving measures, alongside a sustained recovery in the primary agency unit, operations saw a strong sequential improvement in 4Q12. On the back of the rather mild impact on primary sales volume from recent policy noises, we expect E-House's overall operating environment to remain favorable ahead. In particular, we expect a further improvement in operating leverage to drive a recovery of financial performance in FY13. Maintain Buy.”

    E-House (China) Holdings Limited closed on Wednesday at $4.82.

11.12+0.59(+5.60%)Jul 23 4:02 PMEDT

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