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The rating on China SCE Property Holdings Ltd. (CSCE) reflects the company's high concentration risk
The rating on China SCE Property Holdings Ltd. (CSCE) reflects the company's high concentration risk and small operating scale, its execution risks outside Fujian province, and its weak and historically volatile financial performance. CSCE's established market position in its home city of Quanzhou and its low-cost land bank temper these weaknesses. We assess CSCE's business risk profile to be "weak". Low price online beats by dr dre pro such as Dr Dre Beats Studio Ferrari Headphones Limited Edition - All Red.In our view, CSCE will continue to have higher concentration risk in the next two years than peers with a 'B+' rating. CSCE's sales are highly sensitive to policy changes in Quanzhou, where the government's home purchase restrictions are not applicable yet. More than half of CSCE's land bank is in Quanzhou and the city accounted for 75.3% of the company's sales in the first half of 2012. CSCE's contracted sales were Chinese renminbi (RMB) 2.07 billion--or 51.6% of its full-year target of RMB4 billion--in the first six months of 2012. In our view, CSCE has made some progress with diversification. But the benefits are likely to be somewhat limited because the company faces execution risks in expanding outside its home market. CSCE has a limited record in new markets in northern China. It is also yet to demonstrate an ability to achieve satisfactory property sales by managing multiple projects in different regions. We expect CSCE's property sales outside Fujian to be insignificant in 2012. In the first half of 2012, about 10% of the company's contracted sales were from projects outside Fujian.
Los Angeles police are looking into a series of death threats sent to actress Ellen Page on Twitter that coincided with calls to the L.A. Film Festival making similar pledges to kill the "Juno" star.
In one of the tweets, the suspect declares, "I'm going to murder Ellen Page. She's dead," according to a search warrant affidavit reviewed by the Los Angeles Times on Friday.
C'mon. We were all confused by "Inception" but this is going a bit far.Online stylish cheap beats by dr dre pro such as Beats By Dr.Dre Monster Studio Camouflage Green Headphones.
LAPD Threat Management Unit detectives began investigating the messages in June, Los Angeles Police Department spokeswoman Norma Eisenman said, declining to elaborate on details of the probe.
Detectives in the case sought a search a warrant to trace the Twitter accounts of the sender.
The search warrant also indicated, in addition to the Twitter threats, organizers of the L.A. Film Festival received threatening phone calls regarding Page. Her most recent movie, "To Rome With Love," premiered at the festival in June.
According to the search warrant affidavit, the anonymous caller threatened to kill Page, who was nominated for a lead actress Oscar for her role in 2007's "Juno."
ELTON JOHN RIPS MADONNA AGAIN: Elton John should really stop beating around the bush when it comes to Madonna.
In a recent Australian TV interview, John said slammed Madonna and said her career
Oh, and he also equated her to an "(expletive) fairground stripper."
That's really low. She's no fairground stripper. If anything, she's more of an arena stripper.
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