They said on the Earnings Call they expect full year net-income to be $50-$55 million. If Q3 is $7-$9 million, that would put Q4 at $25 million......which would be somewhere around $0.33 per ADS.
Sentiment: Strong Buy
$0.1 to $0.12 per ADS based Q3 guidance, up 25% over Q2 2014, but down 75% year over year (Q3 2014 was $0.39 fully diluted). Unless margins improve and Q4 guidance will project earnings growth over Q3 and year over year the stock will see more selling preasure.
They haven't even released news about the official opening of the sales center (well, at least not in English), so how would anyone know what's going on at 421. WS doesn't seem to care because it is only a small part of their operation compared to the risk inherent to their Chinese developments.
The low share-price is in the interest of XIN management because they can issue options at a relatively low strikeprice to themselfs. I had pointed this out on multiple occasions but no one listened.
XIN reported to the SEC more details about their Restricted Stock Plan. Basically, they're going to offer up to 5,000,000 ADS (10,000,000 Shares) in total to a group of employees if certain financial performance measures are met. Note, the 5 million Shares is not per person (thank God!); but still 5 million Shares when there's only 77 million Basic Shares (ADS) outstanding is still a lot! It just makes me mad, it seems like every thing they're doing lately is a slap in the face to current shareholders.
Sentiment: Strong Buy
Exactly. And because the market does not give this stock the benefit of the doubt XIN won't move until after Q3 earning are been announced in November. Possible even that it won't get anywhere but down until margins improved in Q4. I pointed out after the release of q1 earnings last quarter that margins are compressed. Until they expand the stock can not move upwards. The downgrades of XINs bonds are the result of that margin compression and hopefully management will finally understand that a private jet for the CEO and a helicopter are less important than access to reasonable interest rates on their loans.
EARNINGS are the key. Until they improve we're not likely to move a lot higher. 4 seems to be the top of the range.
"And even CCCL, which was put on hold by SEC is moving."
The morons continue to be morons, just the genes and you can not help it.