I appreciate your reply. I believe you regarding the government's intention of curbing the real estate market. That's why I, as a XIN's shareholder actually wish the Chinese real estate price can drop. The problem is, after almost two years, the Chinese government imposed a series of curbing efforts, the housing price still goes up, especially in the smaller cities. As a result, the government will not stop here and is publishing more curbing on tier 2 or 3 cities, where XIN's major market is.
My fear is XIN as a smaller developer listed in the US, which has limited financing resources, will have difficulty to live up before the government's curbs are gone. Really, based on my research, Chinese real estate price not near to declining now of near future. That's a bad thing for XIN.
Maybe this is totally crazy, but if they are reporting 8/9 pre-market, that means it will still be 8/8 in China. In Chinese numerology, this suggests mucho dinero... But most likely just a coincidence.
Last quarter they released results on May 12th Thursday morning. So this appears to be a little early. The earnings expectations according to Yahoo are for 22 cents vs. 12 cents for the 2nd quarter 2010. So things look good. Let's hope so anyway.