China Tells

China Property companies’ share valuation is at the lower end compared to historical records. Since 2003, China’s property stocks have been trading at a multiple between 9X and 60X. The multiple collapsed in end 2008/early 2009 to touch a low in the last 10 years, and has recovered mildly since. From a long term perspective, there might be some value in the property stock of Chinese equity market.

中国地产股最近的估值在15倍左右，从历史纪录来看属于低位。中国地产股在2007年创下了接近60倍的高位，但从那之后便一路下跌。2010年地产股估值从09年的低点有所回升。从长期投资的角度来看，目前的地产股可能还属于比较便宜的价位。