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Xinyuan Real Estate Co., Ltd. Message Board

  • staccani staccani Jul 26, 2012 12:07 AM Flag

    What are your Q2 and 2012 Net Income expectations?

    Company forecasted ca USD30M Net for Q2 and ca USD100M Net for 2012, if i remember well. I have a feeling that, reading news of the property market strenght of Tier 2 and Tier 3 cities, in addition to overall property market recovey in China, we might have a nice surprise. I say USD35M Net in Q2 and an updated USD120M Net Income forecast for the full year

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    • I think XIN will beat Q2 net income guidance by 8%-10% and for year 2012, XIN will raise net income guidance to $105 million to $115 million assuming no new restrictive gov. policies.

      XIN Fair value: $20 per ADR.

      If Eroupe continue sanking as expected, all stocks will under pressure, XIN included. I don't see how Eroupe will not continue sanking in comming months/years. US budget deficits and debt ceiling issues should also come back to hurt all investors soon. S&P500 can go to 1000 level if world wide recession fear hits market later this year.

    • more from the article - consumer sentiment rising too...

      China’s new home prices rose for the first time in 10 months in June, SouFun Holdings Ltd., the nation’s biggest real estate website owner, said. Home prices have fallen 2.2 percent from the peak in August, according to SouFun.
      Thirty-two percent of respondents to a SouFun survey said home prices have come to a turning point, with 15 percent of them expecting “prices will surge,” according to the results on the website as of July 18. About 45 percent of them said they’re planning to buy in the second half of the year. The survey started July 3 and runs through Aug. 2.

    • 37.5 million Q2 and 125 million for year.

    • Realistic numbers above.

      below info (not XIN) shows 20-50% increase in sales from March to June with 15% to 25% price increase...

      http://www.bloomberg.com/news/2012-07-18/buyers-bet-wen-can-t-keep-prices-down-as-home-sales-gain.html

      here is an example from bloomberg a few days back...

      China Vanke Co. (000002), the country’s biggest developer by market value, said its contracted sales were 13.3 billion yuan last month, a 24 percent jump from May. Longfor Properties Co. (960), controlled by the country’s richest woman, Wu Yajun, reported on July 5 that June sales rose 36 percent from May.
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      At Sunac West Chateau, developed by Sunac China Holdings Ltd. (1918), sales jumped to about 650 million yuan ($102 million) last month, from more than 400 million yuan a month since March, Lou said in a July 10 interview. Buyers paid deposits for 80 percent of apartments on June 9, when Tianjin-based Sunac, part-owned by U.S. private-equity firm Bain Capital LLC, opened for orders three buildings in the project’s third phase. The average price per apartment in the third phase is 15 million yuan.
      The project’s average selling price has climbed between 15 percent and 25 percent this year, with prices and sales rising “month by month” since February, Lou said. The company is keeping increases “stable and within a reasonable range” to avoid driving clients away, she added.

 
XIN
3.32-0.04(-1.19%)Apr 17 4:04 PMEDT