Why would it take a company that has 1.2 billion in assets and 500 mil in cash that's going to earn 90 million this year take 12 months to trade at 450 million?
Imagine what they could do if/when management were to be real aggressive with buybacks. Book value $12.00+, approaching $13.00. Stupid not to buy shares back.
Dividend announcement, there is usually a correction after that is announced. Hopefully management will buy a bunch at that time, so that they can pay out less in future dividend expense.
$5.00+ within 12 months, $10.00+ within 2 years.
Sentiment: Strong Buy
xin recently earned a big green light.
I think the name of the stock is "XIN". You are welcome.
Where are you Nolic, still waiting for the name of the stock. Tia
probably the best result out there in china under an impossible adverse condition.
clearly xin knows where to build and how to sell.
it may start to turn heads in the west,,,taking a dab into xin.
doing better then the other real estate stocks. Catalyst of 30% down and good rates for 1st time buyers. China makes a lot of money through real estate sales and its major source of income. - Highlights for the Fourth Quarter 2014
• Total fourth quarter revenues were US$362.9 million, a 121.8% increase from US$163.6 million recorded in the third quarter of 2014 and a 25.5% increase from US$289.2 million recorded in the fourth quarter of 2013. Contract sales totaled US$402.6 million, a 140.1% increase from US$167.7 million recorded in the third quarter of 2014 and a 6.6% increase from US$377.5 million recorded in the fourth quarter of 2013.
• Total gross floor area ("GFA") sales were 252,200 square meters, a 151.4% increase from 100,300 square meters sold in the third quarter of 2014, and a 4.3% increase from 241,700 square meters sold in the fourth quarter of 2013.
• Selling, General, and Administrative ("SG&A") expenses as a percent of total revenue totaled 14.6% compared to 19.6% in the third quarter of 2014 and 12.1% in the fourth quarter of 2013.
• Net income was US$23.8 million, a 205.1% increase from US$7.8 million in the third quarter of 2014 and a 24.7% decrease from US$31.6 million reported in the fourth quarter of 2013. Margins of 6.6 %
• Diluted net earnings per American Depositary Share ("ADS") attributable to shareholders were US$0.34, compared to diluted net earnings per ADS of US$0.10 in the third quarter of 2014 and US$0.36 per ADS in the fourth quarter of 2013.
• The Company repurchased 1.43 million ADSs at a total cost of approximately US$3.9 million in the fourth quarter of 2014. Pre –Sales for new projects are up with lower rates for 1st time buyers and 30% down as catalyst.
Mr. Yong Zhang, Xinyuan's Chairman said, "We are pleased to end 2014 with a very strong fourth quarter performance, as measured by our year-over-year contract sales and revenue growth, as we experienced a general improvement in project demand. As we have indicated throughout the year, our anticipated revenue and profit recognition for 2014 was back-end loaded, with the fourth quarter alone contributing 39%, 39% and 49% to total 2014 revenue, contract sales and net income. Despite challenging market conditions for the year, we still managed revenue and contract sales growth over 2013. While it is still early to forecast how quickly China's overall real estate market recovers, we are encouraged with our improved performance and believe the macro real estate environment continues to stabilize. With our continued focus on development projects in high growth cities, solid execution and stringent cost controls, we believe 2015 can be a very productive year for our business."
"2014 was a year of adjustment for our company as we invested in resources for our future development and growth. Our operational highlights for the full year include launching presales of ten development projects, acquiring eight projects for a total GFA of 1.83 million square meters and selectively entering into new geographic areas. The balance of our real estate property under development at the end of the fourth quarter increased to US$1.7 billion from US$1.6 billion at the end of the third quarter of 2014, reflecting 18 active development projects with another six projects that are expected to commence pre-sales in 2015. As of December 31, 2014, our total sellable GFA was approximately 3.08 million square meters, representing both active projects and projects in the planning stage, reaching a new record for Xinyuan."
"Finally, we want to express gratitude to our long-term shareholders for standing with Xinyuan during these turbulent times. In 2014, the Company distributed a dividend payment of US$0.05 per ADS each quarter. We also repurchased 4.5 million ADS at total cost of US$ 17.6 million for the full year. We remain committed to rewarding our shareholders in 2015 as we further scale our operations and grow Xinyuan into a leading real estate developer in China," concluded Mr. Zhang.
Short sellers have driven stock prices to absurd levels, because they think all US-listed China stocks are frauds.
Xin looks to be one of the Solid companies in a lousy market. Doing better then the average market. XIN is 1st company listed on NYSE . To do that you have to meet accounting standards .
---- XIN's foothold in the US is a good sign for their future in my eyes, ---Undervalued-
Trend continues up for the China housing markets as demand increases odds of further gains.
In the fourth quarter of 2014, the Company's total revenue was US$362.9 million compared to US$163.6 million in the third quarter of 2014 and US$289.2 million in the fourth quarter of 2013.
Gross profit for the fourth quarter of 2014 was US$96.1 million, or 26.5% of revenue, compared to a gross profit of US$43.5 million, or 26.6% of revenue, in the third quarter of 2014 and a gross profit of US$94.9 million, or 32.8% of revenue, in the fourth quarter of 2013.
-----The Chinese government reaped huge benefits from these rising land prices. The Chinese government also levies heavy taxes and fees on real estate. This price appreciation is a given.
---People move to the cities- Because of the supply constraint, housing prices in most Tier I and some Tier II cities with population inflow will continue to be strong.
----* The Company owns 51% equity interest in a joint venture, Shaanxi Zhongmao Economy Development Co., Ltd. which develops Xi'an Metropolitan.
Hope you are right on the $6.00, but also hope that shares correct after, or before that, because my automatic sell is at $4.99 :-)
Chinese markets were up over night. U.S. Futures are currently up, and markets are most likely to be up on a Monday, so maybe we'll see a couple cents up today.
They will also be able to start buying back shares in a week, after blackout period ends, so if below $5.00, they will do 1+ million a quarter. They also will be announcing $.05 dividend (6.2% from current share price) before months end. A lot of positives, hopefully keeping shares above $3.00.
Sentiment: Strong Buy
that is like saying ,,,great if tiger woods wins a tournament, otherwise, question him for not winning. pretty well leveraged i would say.
I hope so. I am a little worried about XIN inventory build. It has $3.5B of inventory to sale, but is only projecting $1.8B in contract sales for 2015. If its being ultra conservative about the housing market, great. If not, then I question XIN's plan to buy $1B more land in 2015. GLTA