July 11, 2019 - 9:18 PM EDT
Fang Holdings: Set To Skyrocket On Rebound From Recent Market Overreactions


Fang Holdings: Set To Skyrocket On Rebound From Recent Market Overreactions

Fang Holdings Limited (NYSE:SFUN) has been the victim of questionable overreactions of late. Splitting from China Index Holdings Limited (NASDAQ:CIH) was a good move that reduced the company’s annual cash drain by 22.2%, yet the market erroneously saw it as a Sell signal. Despite Q1’s Chinese housing market slump and the company’s corresponding earnings report, SFUN was nevertheless in better financial shape. Yet, the market again saw it as a Sell signal. These overreactions put the share price under $1 and prompted a reverse split, which, of course, caused more unwarranted

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Source: SeekingAlpha (July 11, 2019 - 9:18 PM EDT)