Chinese real estate shares rise and fall less UBS continued bullish

In the industry good news and sales continue to be well motivated, Chinese property stocks, which have performed well in recent years, continue to rise mostly today, with Greentown China (03900-HK) now up more than 6% per cent, with sales continuing to heat up more than 2% per cent of China's overseas development (00688-HK), which has achieved a full-year target of 70% by the end of May.　　But 00754-HK is now slightly down 0.31%. UBS issued a report saying it is still bullish on China's real estate industry. Shares, the bank is optimistic about Greentown China and the creation of the exhibition, because the two companies have good sales performance, valuation is not high, Greentown China shares the equivalent of 9.3 times times the 09-year earnings ratio, with a 6.9 times-fold equivalent to P/E, and a significant drop in financing uncertainties after the Greentown China signed a trust arrangement to create a rights issue. At the same time, all two bought new projects in 2008, which proved to be sensible, despite the uncertainties in the real market.