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China Real Estate Information Corporation (CRIC) [hlAlert]

down 32.85 %

China Real Estate Information Corporation (CRIC) rated Outperform with price target $12.50 by Oppenheimer

Posted on: Tuesday,  May 18, 2010  8:25 AM ET by Oppenheimer

Oppenheimer rated Outperform China Real Estate Information Corporation (NASDAQ: CRIC) on 05/18/2010, when the stock price was $8.34.
Since then, China Real Estate Information Corporation has lost 32.85% as of 04/20/2012's recent price of $5.60.
If you would have followed this Oppenheimer's recommendation on CRIC, you would have lost 32.85% of your investment in 703 days.

China Real Estate Information Corporation, together with its subsidiaries, provides real estate information and consulting services, online services, and real estate advertising services in the People?s Republic of China. It provides CRIC system, a real estate information database and analysis system, which include data on specific real estate development projects and parcels of land, real estate-related news, macroeconomic, demographic and real estate industry-specific statistics, and research reports about the real estate industry. As of December 31, 2009, the company?s CRIC system contained data on approximately 37,400 residential developments, 5,100 office buildings, 5,900 commercial developments, and 39,700 parcels of land for development; 15,400 research reports; 40 categories of statistics; and 32,500 real estate-related news articles in 75 cities across China. It provides real estate information services, which include data subscription services and data integration services; real estate consulting services comprising land acquisition consulting, real estate development consulting, marketing consulting, and comprehensive solution consulting services; and real estate advertising design and sales services primarily to real estate developers. The company also offers online real estate news and information, property data, and access to online communities to real estate consumers and participants via local Websites. It serves real estate developers, banks, insurance companies, institutional investors and other financial institutions and appraisers, as well as academic and research institutes, national and local governmental agencies, and home design or the media industries. The company was formerly known as CRIC Holdings Limited and changed its name to China Real Estate Information Corporation in September 2009. The company is headquartered in Shanghai, China. China Real Estate Information Corporation is a subsidiary of E-House (China) Holdings Limited.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/18/2010 8:25 AM Buy
8.34 12.50
as of 12/31/2010
1 Week down  -1.78 %
1 Month down  -3.60 %
3 Months down  -17.95 %
1 YTD up  5.75 %

(*) Stock Price at the time of the recommendation.
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