One lesser-known company is gaining the attention of the newsletter advisory community: E-House China Holdings Ltd. (NYSE: EJ), China's largest real estate agency services firm.

Indeed, the stock is being recommended by three top-tier advisors: Louis Basenese, Daniel Frishberg, and Tony Sagami.

"The Chinese economy isn't going to suddenly grind to a halt when the Olympic flame is snuffed out," says Louis Basenese, associate Investment Director for The Oxford Club.

"In fact, I believe the Olympics are China's springboard to even more impressive growth. With the nation of 1.3 billion at center stage, look for the world to fall even more in love with the opportunity.

"Still not convinced? Then ask yourself this simple question: Would global giants like YUM! Brands, McDonald's and Nike, among countless others, invest so heavily in a country whose growth could potentially dry up overnight? Absolutely not.

"In fact, roughly 450 companies recently told the American Chamber of Commerce in Beijing that China was among their top-three global investment priorities (many regard China as their top priority). And you can bet the conclusions were based on mountains of favorable data.

"As incomes started to rise, the Chinese consumer started, well, buying. First it was refrigerators, then televisions, then air conditioners. And now it's cars. So the next logical purchase – in the natural progression – is real estate.

"To play the imminent boom, go with the Century 21 of China, E-House. It's China's largest real estate agency services firm, with 1,800 professionals in more than 20 cities.

"Most important to us, however, is that it's grossly undervalued. In October, shares traded for an eye-popping price-to-earnings ratio of 91. Today, E-House trades for less than 19 times historical earnings and roughly nine times forward earnings.

"That's a steal considering earnings should rise by 50% or more for the next five years. Indeed, not too many opportunities come along to buy growth this cheaply."

"E-House has been battling the misperception of getting lumped together with the withering U.S. real estate market," explains Tony Sagami, editor of The Asia Stock Alert.

"However, a recent proposal by the Chinese government to levy a new tax based on property values rather than just on transactions as it does now is the real culprit behind the decline.

"While the Chinese government wants to cool excessive speculation, there is no way that it will do anything to deepen the slide of its stock market. I'm not the only person who feels that way - the CEO of E-House is buying back shares on the open market.

"And get this: E-House has a PEG (price earnings-to-growth) ratio of only 0.32. Any PEG below 1.0 means that you are getting a ton of profits for peanuts."

Daniel Frishberg, editor of The Moneyman Market Newsletter, adds, "We are going to use this opportunity to average down and lower our cost basis in one of our holdings, E-House China Holdings Ltd.

"E-House is China's largest real estate company. It's been an extremely volatile stock since going public just about a year ago.

"It hit a high of $36.45 on 10/31/07 and has been as low as $9.40. The company is supposed to earn $0.82 per share this year and $1.11 per share next year. They are growing extremely fast and the stock is cheap.

"We are switching our strategy in this stock from a buy and hold to strategic trading. We will use the volatility to our advantage. If the stock runs up very fast in a short amount of time, we will keep a tighter stop underneath it."

Each day, Steven Halpern's TheStockAdvisors.com offers the latest market commentary and favorite investment ideas from the nation's leading financial newsletter advisors.