Boston, MA, 03/06/2014 – Soufun Holdings Ltd (NYSE:SFUN) is notorious when it comes to growing revenue and earnings. The stock price is also in solid growth and there seems to be more room for more lifts. The story of SFUN can be a long and eventful one, but what is known is that the company claims to be the largest – if not the most important – real estate portal in China.
Shares of Soufun Holdings Ltd (NYSE:SFUN) were up more than 11.6 percent in the last session to $93.77. The session saw the stock climbing a new 12-month high at $96.23. The shares played between $84.55 and $96.23 in the last session.
Soufun Holdings Ltd (NYSE:SFUN) has its business based in providing e-commerce, marketing and listing services for China real estate sector. The company owns and operates real estate online portals and home improvement websites.
The stock is among the now serial movers as Chinese Internet-related stocks are generally having attractive rally.
Real Estate China
Soufun Holdings Ltd (NYSE:SFUN) is getting powered by the robust real estate market in China due to the fast-paced urbanization that is taking place. And the company is always there to grab the opportunities when they come. It currently has presence in more 330 cities with more than 100 offices spread across the locations.
In order to gain the benefits of the urbanization that is taking hold in China, Soufun Holdings Ltd (NYSE:SFUN) partners with real estate developers. This allows it to run paid membership program through which subscribers can benefit from significant discounts on residential properties. Perhaps his has been the winning formula for the company as it keeps posting revenue and earnings growth.
Soufun Holdings Ltd (NYSE:SFUN) has had its earnings growing at the rate of 64 percent to 80 percent in the last two quarters, having picked up from a growth of 56 percent in the earlier quarter. Earnings per share in the current quarter are expected to grow at the rate of 27 percent. Just as earnings have been exploding, sales have also been in a breakout over the last two quarters, going up 45 percent and 47 percent, having picked up from a growth of 59 percent.