Seeking Alpha

Summary Highlights

  1. SouFun (SFUN) shares are meaningfully undervalued at current price levels
  2. The market is unnecessarily penalizing SFUN for its conservative 2014 guidance. Management has a consistent history of providing conservative guidance at the beginning of the year and then revising guidance upwards as the year progresses
  3. SFUN's multiple avenues for growth and strong competitive positioning should allow them to continue generating annual topline growth in excess of 20%
  4. Worries over the Chinese housing bubble appear to be overdone. For example, housing purchases in Tier 1 and Tier 2 cities over the past year have been primarily consumer-driven as opposed to investment-driven
  5. SFUN trades at a deep discount relative to other leading Chinese internet services stock, as well

Only subscribers can access this article, which is part of the PRO research library covering 3,758 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: