This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

IFM Investments' (Century 21 China Real Estate) CEO Discusses Q4 2011 Results - Q&A Session Transcript

IFM Investments Ltd. (CTC)

Q4 2011 Earnings Call

March 15, 2012 8:00 AM ET

Executives

Donald Zhang – Co-founder, Chairman and CEO

Harry Lu – Co-founder, Vice Chairman and President

Kevin Wei – CFO

Analysts

Cai Liping – William Blair

Ella Ji – Oppenheimer

Presentation

[Prepared Remarks]

Question-and-Answer Session

Operator

(Operator Instructions). The first question comes from the line of Cai Liping from William Blair. Please go ahead.

Cai Liping – William Blair

Hi good evening everyone. The first question is regarding the pricing change you are seeing for secondary properties. Are you seeing our service are being more willing to lower price and is that a main reason more transactions you are seeing following the Chinese New Year?

Harry Lu

Actually what we see, you know, the data we show actually is for the end of last year. But right after the Chinese New Year – but right now after the Chinese New Year we’ve just seen our transaction volume actually pick up and you know, because you know, the price is still remain in a relatively low level.

But at this stage we don’t see that further down of the price at least for in our recent period. You know see that the price is also being stabilized at this moment. That’s for secondary market. But we’ve just seen some of the developers are pretty lower price tag, try to, you know attract more buyers to sell the party. But in secondary, the transaction volume pick up and the price has been stable for a while.

Stock quotes in this article: CTC 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,490.26 -24.11 -0.15%
S&P 500 1,875.77 -3.78 -0.20%
NASDAQ 4,128.9440 -32.5140 -0.78%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs