Keep in mind that XIN has low inventory in Chinese market. 77% of the total active projects have already been sold. Following is the four major projects with highest inventory.
Total Active Projects Sales to date % Sold
Zhengzhou Royal Palace 220.1 151.2 68.70%
Zhengzhou Century East A 111.6 17.5 15.70%
Zhengzhou Century East B 233.5 175.6 75.20%
Jinan Xinyuan Splendid 759.6 301.6 39.70%
So most of the inventory left is in just two cities Zhengzhou and Jinan.
Xin also has projects under planning of approximately 1,112,300 square meters.
I seriously think they will reconsider the construction if there is a significant impact of policy change and shift their focus to the US market.
Great article- I've followed this stock for over 1.5 years and have been in and out. I have been buying pretty heavily ever since the sharp decline yesterday. This is longer term for me. I'm confident this will be a $10-$12 stock in the next year and even higher after. Stay strong.