extreme support? I don't know about that.. This was trading below $4.50 a week ago.
This option buyer may know differently, but for now this appears to be a pretty long-term trade.
I don't know that there is ever really strong 'support' and I don't know that there is much of a ceiling either. This stock just kind of exists and holders collect dividends and go on with life. If management steps up IR, or better yet, does some buybacks, then there will be interest.
Until then, these projects are longer-term things that aren't going to cause a breakout any time soon. Just my opinion.
reno, not vegas - typing too quickly earlier. Star answered more of the commercial question later. xy-123 site.
when will breakout occur? good piece of news this morning, regarding the new acquisitions. Sales are going to stay on the mark or better for years to come. Loving my XIN position, doubled down yesterday to reduce my overall cost basis from low 5's to closer to 5.0. (with dividends, already paid, I consider myself ahead of the game with upside to boot.)
Sentiment: Strong Buy
My understanding is that the first floor often had kindergarten, day care, grocery stores, etc......since many residents don't have cars.
My understanding of XIN's new commercial push is to include stand alone Malls, offices, etc. in larger projects.
Another new push(diversification) is vacation homes.....such as their new project on Hainan.
Star are the first floors in a complex usually commercial.. One building or more??? Depends??
Thank you. A couple articles i have read this year made note that the commercial side of China's real estate market is the place to be going forward. Of coarse i reflected on my xin holding. It is good to know they have their toes in commercial as well. Hope to see that expand......lol
XIN's commercial web site is xy-123. Their first Mall opened about 6 months ago. Many of XIN's projects have some commercial space usually sold late in a project's life which is reflected in higher profits towards the end of a project. XIN's newer projects are more mixed commercial/residential.
I know the number of XIN properties, but I never looked into them that close. I was thinking all residential _ do you know how many are commercial? _ also I know of the Reno prop but there is a Vegas one too?? thnx
Hey BAGHOLDERS ....................................................SMD
- XIN new just won in China -- has sizable commercial component. Brooklyn New York project is beginning of foreign diversification (actually had nominal Las Vegas and California as well)
The group once again topped sales rankings in the real-estate industry last year, with revenues of 170.9 billion yuan (HK$208.5 billion), followed by Greenland Group, Dalian Wanda Group, Poly Real Estate, China Overseas Land and Investment, Country Garden, and Evergrande Real Estate - all of whom achieved sales of above 100 billion yuan.
But the analysts say the focus of the competition among the big players in the sector should be on profitability and diversification strategies, including decisions on switching attention from residential to commercial property development, or from the domestic to foreign markets.
That might work like the guy who just happened to call them about Lilliput Kidswear. Interesting story there. You should go read it, and very convenient. Nah, I'll leave it to Carson, lol.
When I looked him up months ago, one site showed him as Executive Director of Winsway, but another showed something else. It was where I got his earnings of 5m. Now I went to the first site and it shows former Executive Director. Will try to hunt up that other site another time but it is 2:00 am.
Former Non-Executive Director and Member of Audit Committee, Winsway Coking Coal Holdings Limited"
And of course he has his own financial consulting business (which has changed names) . I bet he invented the 72 hour day as well.