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Direxion Daily Semicondct Bull 3X Shares Message Board

ksn_44 162 posts  |  Last Activity: 1 hour 39 minutes ago Member since: Jun 28, 1998
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  • Leju Holdings Ltd (NASDAQ:LEJU)‘s stock had its “outperform” rating reissued by research analysts at Macquarie in a report released on Thursday. They currently have a $22.00 price objective on the stock, up from their previous price objective of $16.00. Macquarie’s price objective would suggest a potential upside of 34.56% from the stock’s previous close.

  • ksn_44 ksn_44 1 hour 46 minutes ago Flag

    Yeah, blue, the big take is the income build. Shocking numbers really, and good for RE.

  • McKinsey predict in their June 2013 McKinsey Quarterly that growth is far from over. Their research suggests that in 2022 75 percent of China’s urban consumers will earn $9000 to $34000 a year[4]. This would lead to a purchase-power-parity (PPP) level equal to Brazil and Italy. In 2000 only 4 percent of urban Chinese people were within this range, in 2012 68 percent were.

    McKinsey also predict that the urban population will rise from 256 million to 357 million, with the upper middle class growing from 14 percent to 54 percent of the urban population. The urbanization process was studied extensively by McKinsey Global Institute (MGI), in order to develop a view of the possible future of the process. Their prediction is that there will be 1 billion people living in an urban environment and 221 cities will have 1 million plus people living in them. Interestingly enough,

    McKinsey also predict that the middle class will shift from the tier 1 cities and will move to tier 2 and 3 cities. Tier 1 cities will not be shrinking, but middle-class growth will be far greater in the tier 2 and 3 cities, hence the shift. MGI predicts that the proportion of GDP generated by cities in China will grow from 75 percent to about 95 percent in 2025. This strong predicted continued growth will provide new market opportunities for the real estate market in the future. These developments, combined with the new relaxed one-child policy, will ensure an increase in the labor pool and exacerbate elderly class issues.

  • Reply to

    EJ Earnings Call Q&A Session

    by abacusbeater Aug 20, 2014 1:16 PM

    I think they have pounded into the analysts margin information the past two CC's, indicating they would be "stable". Zhou made the comment as they move into more cities margins would IMPROVE based on scale. But to continue meeting the demands of developers as to what they wanted costs would increase. Thus, the flatness, or stability.

    They indicated the Weixin rollout is done, so that was the big one. Costs are already out there. This community service roll out is ongoing so obviously costs are still being input.

    Disappointing sell off today. I think the perception still is that an improving Chinese real estate market both in transactions and pricing is good for EJ and LEJU, regardless of the numbers they are showing in a down market. Unfortunately, they have to live with that. On the other hand, Z breaking out again. As crazy as it is, I own options on Z. Their numbers are gaudy yet investors keep pouring in. Completely different from EJ/LEJU. These two are turning profits whereas Z has been a cash and earnings black hole. Go figure. If you can't beat em, join em.

  • Reply to

    What is LEJU ownership % of EJ?

    by teknowiz 13 hours ago

    Other way around, if you can believe that based on the stock prices. EJ owns 75% of LEJU.

  • Reply to

    EJ Earnings Call Q&A Session

    by abacusbeater Aug 20, 2014 1:16 PM
    ksn_44 ksn_44 Aug 20, 2014 11:13 PM Flag

    Yeah, they did, they refer to it as the COMMUNITY SERVICE PLATFORM. The Standard Chartered analyst asked about that. They wondered if there would be monetization of is the EJ response....................The revenue model, the exact revenue model for the community service platform has many possibilities. So it may or may not involve something where the end user pays. I mean, first of all the community service platform in terms of end user, you’re not really -- it doesn’t have really -- it is limited to those people who live in the community and pay service. It could include -- the end user of this platform could include merchants, local service providers.

    But first of all the platform aims to bring those parties and people together. So the definition of end user here is already much wider than home buyers. So I wouldn’t limit the idea of end user first of all to home buyer. So it continue along that line then, yeah, I mean, obviously, the revenue will come from somebody. But it’s not necessarily for those people who pay for services, maybe could be the people who or the companies that provide services.

  • Reply to

    EJ Earnings Call Q&A Session

    by abacusbeater Aug 20, 2014 1:16 PM
    ksn_44 ksn_44 Aug 20, 2014 4:15 PM Flag

    One note from the CC on what could happen in an upswing in the RE market, as opposed to what occurred the past six months in a depressed real estate market:


    If I can just add a little bit Jinsong, this is Li-Lan. Obviously, I’d say, very depressed market is bad for our margin -- bad for our traditional agency business and doesn’t help the online business either.

    So to that extent, if the market sentiments of the overall transaction volume activity recover in the second half of the year, basically in the next couple of months, it should help.

    But market conditions are not the only thing that affects our margin. How much we spend on new products and platforms. How much we spend on marketing as we do during the Leju cost, those are also impact our margins.


    TRANSLATED: We made good or OK money now in a down market, but if this market improves our margins will be cookin!

  • Someone tell me how this makes sense.

  • Reply to

    Here we go again!

    by abacusbeater Aug 20, 2014 11:33 AM
    ksn_44 ksn_44 Aug 20, 2014 12:26 PM Flag

    It is almost as if there is no connection. Hard one to figure. Maybe shows you how intelligent the investment community really is.

  • Multiple is exponentially well beyond EJ or LEJU

  • Reply to

    Loaded on both dips

    by ksn_44 Aug 20, 2014 9:49 AM
    ksn_44 ksn_44 Aug 20, 2014 10:58 AM Flag

    Going to listen to the LEJU CC sometime today and will give my thoughts. I noticed Goldman did not ask any questions on the EJ CC but Jin Song (sp) at Credit Suisse asked about 4 of them. Note: he is very influential so what he says may be a driver. Note also: what he says is not always made public.

  • Reply to

    Loaded on both dips

    by ksn_44 Aug 20, 2014 9:49 AM
    ksn_44 ksn_44 Aug 20, 2014 10:23 AM Flag

    bill, I like you cannot figure out trading on either one either. The best I can make of it is that it is totally buying on the come. I listened to EJ's call, but not LEJU's yet. In my one experience in listening to LEJU's last CC I found their management very in tuned and the CC was very enlightening. They seemed to be less guarded and more forthcoming than the EJ execs. My opinion only.

    But the two MAJOR takeaways are in my opinion

    If they are doing this well in a down market, how much better will they do, potentially exponentially, in a rising market.

    And second, what is the impact of this Weixin/Weibo combo on revenue. After all, they are the main cogs in social media in China, and we are into them with both hands.

  • May quickly unload half as they both tend to pop and fade, then retrench

  • 1.5B market cap.

    Another big dividend coming???

  • should count for something

  • Reply to

    LEJU down 9% pre and EJ up 3% pre

    by ksn_44 Aug 20, 2014 8:19 AM
    ksn_44 ksn_44 Aug 20, 2014 8:56 AM Flag

    LEJU bounced up a bit, now down 4% with a half hour to the open. Listening to CC, the main point is that both companies have delivered in a very depressed Chinese housing market. So the GREAT UNKNOWN is how will they do when housing gets going again?? You have to presume they will do MUCH BETTER based on the tone and general answers to varied questions.

  • as I type this

  • From 4.80 tp 9.20 since Monday morning. wowowowow

    Chinese finance company

  • So maybe a wash?


    Chinese President Xi Jinping’s anti-corruption campaign has had its fair share of economic consequences. A ban imposed on lavish military banquets, for example, hurt the nation’s hospitality sector. Now, the Chinese premier appears to have his eyes set on investigating the real estate assets of Chinese government officials, which has been having an effect already in the real estate market.
    According to the Wall Street Journal, which interviewed roughly a dozen property agents in China, government officials are offloading their luxury apartments en masse, often at the first bid they receive. (Presumably it was lost on none of them that the tabloid-worthy details about Wu Zhizhong, a disgraced former senior civil servant from Inner Mongolia, included a report that he owned 34 properties in China and overseas and could fill a handbag with all of his door keys.)

  • Sina Corp. reported second quarter results that were better than consensus expectations driven by Sina's Weibo growth, but third quarter guidance was weaker than expected.

    Even though Weibo is making solid progress on the monetization front, the portal business is not growing, which is part of the reason behind its third quarter soft outlook.

    The internet sector has experienced major changes over the last few years in China, with rapid changes not only in technology but also in user behaviors. Sina’s portal business seemed to be left behind amid the evolving internet sphere.

    However, the company recognizes that it needs to inject growth back into portal, and Sina is investing in different verticals to reinvigorate this part of the business.

    So far, Sina has stated that it is investing in internet finance, video and sports. One promising venture, we believe, could come from Sina’s investment in a joint venture with Chinese real estate portal E-House to create a real estate financial platform or a mortgage-based P2P (Peer-to-Peer) platform.

    Going into the second half, Sina will accelerate the pace of its investment in the internet and finance vertical. Although we are unlikely to see meaningful financial results any time soon, the company’s investments could ultimately get portal back on a growth trajectory.

    Sina's Weibo has made meaningful progress on the monetization front in terms of experimenting with new monetization methods, which include my-media to monetize opinion leaders; TV and Weibo interaction; opening promoted tweets to key accounts. We believe these initiatives can eventually yield positive results.

    Going forward, we believe that as Sina is aggressively investing in verticals and in mobile in the second half, we could see positive results from the rejuvenation of portal and resumption of revenue growth.

    While we are positive towards Sina’s portal strategy, it could take some time before meaningful results occur. As such, we maintain our Hold rat

114.51+1.50(+1.33%)Aug 21 4:00 PMEDT

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