The world stock market has left the station leaving XIN in perpetual stall.
There is absolutely no advantage a ridiculously low valuation brings to company. I mean if I was founder or management of the company, I would be seriously concerned about the stock price.
As a founder/substantial owner, I want market to value my company more than intrinsic value or book value. That is the whole point of taking company public. A public company usually gets valued based on intrinsic value and future earning potential. XIN trading is not even trading at 50% of book value let alone any future earnings value.
why is releasing always all about pumping the stock??? it is about communication with shareholders over shareholder concerns. in fact, i think xin should be taken private anyway based on the numbers and based on the way they communicate.