E-House (China) Holdings Limited
) is riding on the growth trajectory. Its ADSs crafted a new
52-week high, touching $14.63 during the trading session on Dec
26, and closed at 14.31, which reflects a solid return of 38.8%
over the past one month. The trading volume for the session was
nearly 2.8 million shares.
Despite the strong price appreciation, this Zacks Rank #1
(Strong Buy) stock has plenty of upside left, given its growth
potential backed by the concerted efforts in its real estate
This Chinese real estate company - E-House - reported a
better-than-expected performance in the third quarter. Its solid
performance was driven by significant growth in revenue that
climbed 43% year over year in the quarter under review. The stock
witnessed solid estimate revisions following its earnings in
An 85% year-over-year surge in revenues in its real estate
online services, chiefly driven by growth in e-commerce revenues,
contributed to this upside. Also, revenues from real estate
information and consulting services escalated 47% year over year.
Further, the company raised its already hiked fiscal 2013 total
revenue guidance that reflects a 51% year-over-year increase.
Notably, E-House initiated the concept of real estate
e-commerce in 2011 and launched its e-commerce 3.0 open
transaction platform in June this year. The company has now opted
for strategic cooperation with CITIC Bank Corporation Limited for
the e-commerce 4.0 platform. Through these opportunistic moves,
E-House is aiming at capitalizing on the growing real estate
e-commerce business platform.
Other Stocks to Consider
Apart from E-House, the other stocks worth considering in the
Real Estate Operations sector include
Kennedy-Wilson Holdings, Inc.
Jones Lang LaSalle Incorporated
). While FirstService and Kennedy-Wilson carry a Zacks Rank #1,
Jones Lang LaSalle has a Zacks Rank #2 (Buy).
E-HOUSE CHINA (EJ): Free Stock Analysis
FIRSTSERVICE CP (FSRV): Free Stock Analysis
JONES LANG LASL (JLL): Free Stock Analysis
KENNEDY-WILSON (KW): Free Stock Analysis
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