Please click and read this disclaimer if you wish to continue with the contents below. For those who missed my previous post on Central China New Life written on 6th Nov 2020 can click here CC New Life is a comprehensive property management company, integrating offline and online development with their mature Jianye+ App. Looking at the valuation, considering the cash on the account, the current trailing valuation is only 19x  PE. The second half of the financial report is expected to be much better than its first half. As property management companies earnings are highly certain, 2021 will be estimated to be around 12x PE if the growth remains intact. This is a generous discount for a company with a 4 years topline CAGR of 45.30% and bottom line of 88.89%. On January 5th 2021, ten Chinese government departments jointly released a notice on strengthening and improving residential property management,...