E-House Holdings (NYSE:EJ) is the No. 1 real estate services company in China, and is positioned strongly for the growth trend China is now in.
Jefferies (NYSE:JEF), which just started coverage on them, noted, "E. As China's No.1 service provider in the China property market, E-House is well positioned to benefit from its growth uptrend, and is less sensitive to market volitalities. We expect its primary agency to benefit from strong end-user demand in Tier 2/3 cities, and see limited downside in margin."
They started E-House Holdings Ltd with a "Buy" rating. E-House closed Friday at $14.96, up $0.37, or 2.54 percent. Jefferies has a price target of $21.50 on them.
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