Hope you guys can understand the following. Use Google translator if not.
Sentiment: Strong Buy
I said XIN would top $2 when XIN was at $1.8 and it did. I said XIN would top $3 when it was at $2 level. I saild XIN would top $4 when it was at $3 level. Now I say XIN will top $5 soon, then $6, and then $8.
XIN fair value: $25.
All you need to do is to get ready for those events in not long future. That is: buy and hold XIN shares firm. All traders lose money long term --- except every trader thinks other traders make money so he/she keeps trading.
Sentiment: Strong Buy
To be honest, I never like this guy savvyvalue. Every time he tried to pump the stock. The stock dropped more than 3% to respond to his pump. Fortunately, I sold my XIN Friday at around $4.91. However, I feel XIN will be a $6 in long-term.
Xinyuan mentioned on CNBC
China's biggest property developer has made its first foray into the US with a deal for a high-end residential complex.
China Vanke, the leading Chinese developer by sales, will invest in a project launched by Tishman Speyer Properties in San Francisco.
The size of the investment was not disclosed but it was small enough that Vanke announced it only on its chairman's microblog rather than via a stock exchange filing because it deemed the amount involved to be immaterial. But the significance of the deal is potentially greater as one of the first steps by a major Chinese commercial developer to build homes in the U.S.. With Beijing placing caps on home purchases in major cities and many smaller cities suffering from overbuilding, Chinese developers have started to cast their sights further afield for business opportunities.
"There is no point telling Chinese companies to mind their own domestic business. A good enterprise in the 21st century must be armed with a global vision," Wang Shi, Vanke chairman, wrote on Weibo, a popular Chinese microblog site.
Mr Wang had previously said that Vanke, which has a market value of nearly Rmb130 billion ($21 billion), wanted to break into foreign countries, especially those with large communities of overseas Chinese residents who are familiar with its reputation.
Vanke's entry into the U.S. follows that of Xinyuan Real Estate, which paid $54 million last year for a plot in New York that is zoned for 200 housing units. China Development Bank, a government-controlled lender, also waded into the U.S. housing market last year when it provided a $1.7 billion loan to Lennar Corp, one of the biggest homebuilders in the U.S., for two developments in San Francisco.
Vanke will take a 70 percent stake in the San Francisco project, which is known as 201 Folsom Street, with Tishman Speyer retaining the rest, according to a note to clients by Du Jinsong, a Credit Suisse analyst.
Vanke confirmed the deal was for 201 Folsom - a 669-unit residential development - but declined to disclose any details. Tishman Speyer, an unlisted company, did not make an announcement.