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Xinyuan Real Estate Co., Ltd. Message Board

  • acorisk acorisk Nov 1, 2013 8:53 AM Flag

    Vanke with 18% profit growth in Q3. PE=8-9 for XIN that would be $15-20 with same growth. XIN soon will tell its story. GLTA

    China Vanke Co. (000002), the biggest developer by market value traded on the nation’s exchanges, said third-quarter profit rose 18 percent as stronger demand from homebuyers defied government efforts to curb prices.

    Net income jumped to 1.6 billion yuan ($263 million), or 0.146 yuan a share, from a year earlier, the company said in a filing to the Shenzhen stock exchange today. Revenue increased 43 percent to 22 billion yuan.
    China’s home prices rose in all but one city in September for a fifth month as the government refrained from introducing more nationwide property tightening policies that would hinder economic growth. Vanke’s contracted sales increased 33 percent in the first nine months from a year earlier to 128.5 billion yuan, the company said.

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