Earnings will be in a normal range, but the stock will climb. I've said it before... XIN is valued at such a low PE that even if they come inat the low end, or a bit below the range, I belive the market will receive it positively. I mean, a $15M quarter for acompany with this market cap is great to me.. I hope they miss so I can buy more.
The one thing that's great to note and is a positive investing in a Chinese company is their revenues and profits are in RMB. The RMB has been appreciating quite a bit on the US dollar recently and should continue to do so. This will reflect positively for us in regards to trading in US dollars. It will be reflected positively on Xinyuan's EPS.
The Company is projecting lower sequential results in the first quarter of 2013 due to the seasonal impact of Chinese New Year as well as lower levels of sellable inventory. The Company expects contract sales in the first quarter reach approximately US$135 million. Revenue is expected to range between US$130 and US$140 million and net income is expected to be in the range of US$16 to US$18 million.
For the full year 2013, contract sales are projected to exceed US$830 million. Revenue is expected to range between US$750 and US$775 million and net income is expected to be in the range of US$90 million to US$100 million.