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Originally posted by Sam s89:
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It does look undervalued when looking at price v book value. Book value is also a function of income that can be generated from each property.
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I usually live in Beijing. I'm in Australia this year --for obvious reasons. In Beijing, where online shopping and internet services dwarfs anything we've got in Australia, I've noticed that purely online companies and websites are starting to set up shops in malls. Presumably it gives them a physical presence and respectability as well as a service point and good advertising opportunities. Everyone buys everything online there....but the malls are always packed with people
(20min delay)