Thursday, March 26, 2009

[Investors Please Listen] How deep does this rabbit hole go?

We foresee a turnaround in the second half of 2009

Covering the property sector makes us feel like Alice tumbling down the rabbit

hole, not really sure when, where and how it will end. More importantly, is there

really a 'wonderland' of multi-baggers at the bottom and is it time to start chipping

away? We think so. We believe the Indian real estate stocks will bottom out in 6–9

months' time. The key reasons for the sell-off in the property names were the

unprecedented tightness in liquidity and demand destruction. We expect to see

some capital flow back (selectively). We foresee physical market prices staging a

recovery in late 2010 but do not expect stocks to wait that long.


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Safe Harbor:

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
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