$15 in a year, $10 in three months and $7 in a month - Great under valued stock - XIN!!!
Mark my post here.
This stock - XIN currently has $12 book value and $12 cash value per share.
EPS in 2013 is estimated at $1.50, current P/E at $6.15 is only 4.
Dividend is estimated at $0.20 per share in 2013.
The management has showed their ability to grow the company rapidly in the past 16 year.
TPG(managing $50B assets) has just invested $100M into this company at the cost of near $6 and also appointed one board member to the board.
Their financial report was audited by Ernst & Young - one of the four largest accounting firms in the world.
So its financial reports are pretty reliable.
But the market has not realized the value of this company yet(no analyst cover at all) since their IPO price back in 2007 was $14 and now it's only trading at $6.15 while their assets and cash has more than doubled than 2007. The company has a $60M stock buyback plan before 2015 which could reduce the total float by 15% at current price. The stock price is expected to rise with the stock buy back.
Sentiment: Strong Buy