Vanke (00002.SZ) expects a 100% to 150% profit growth in 2007 (vs. 2006). That translated to a 67% to 100% increase of earning per share. Chairman Wang Shi is saying the China real estate industry is still fragmented: Vanke has 1.25% of market share.
Longtop Financial (LFT), the new IPO, is under pressure today. Bought some more at $27.87. As one would expect, the stock went lower after I bought.
St. Louis is colder and drier than I thought. Not a warm welcome to my wife Ruixian, either 🙂
Afraid of all the fall leaves being gone soon, we toured the scenic Missisipi drive from Alton to Graftion yesterday afternoon. There are plenty of people at “loading docks” etc. Back to American way of leisure…