UPDATE: Murphy Analytics Announces Initiation of Coverage on China HGS Real Estate Inc. ST. LOUIS, MO -- (Marketwire) -- 03/04/13 -- Murphy Analytics (MA) has initiated coverage on China HGS Real Estate Inc. (NASDAQ: HGSH). The Initiation Report contains a discussion of HGSH's business operations, market dynamics, macroeconomic data and indicators, financial results, potential cash flows, and risks. The Initiation Report is available at: http://www.murphyanalytics.com/uploads/HGSH_Initiation.pdf. Analyst Patrick J. Murphy, CFA, notes in the report: "The China Center for International Economic Exchanges (CCIEE) forecasts the urbanization rate in China will increase from 47% in 2011 to 57% in 2020... Both fundamental market dynamics of the Chinese real estate market and PRC policy create the potential for significant housing price and stock price volatility in the short term. However, for long term investors interested in participating in the impact of Chinese urbanization on the country's Tier III and Tier IV cities, HGSH has demonstrated an ability to generate revenue and earnings growth and has reported $0.12 per share in earnings for fiscal Q1 2013 on an increase of nearly 4.4x fiscal Q1 2012 revenue." About Murphy Analytics Murphy Analytics is an independent investment research firm providing coverage of microcap stocks. MA helps report readers make informed investment decisions about equities without extensive analyst coverage. MA is owned by Patrick J. Murphy, who has nearly 20 years of capital markets experience, providing institutional investment and transaction analysis across a range of asset classes including microcap equities, commercial real estate debt and equity, municipal derivatives and public finance, venture capital, fixed income, CMBS and mortgage REIT's. Disclosure: Neither MA nor the analyst owns or trades the shares of covered companies. MA was compensated $7,500 in advance of the publication of this report. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. MA provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. This report is neither a solicitation to buy nor an offer to sell securities and is to be used for informational purposes only and should not be used as basis for investment decisions. MA is not an investment advisor or broker/dealer and this report does not provide investment advice. Contact: Patrick J. Murphy CFA firstname.lastname@example.org
UPDATE: Murphy Analytics Announces Initiation of Coverage on China HGS Real Estate Inc.
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