XIN will try to become a 100 YI company in 2014 at all costs. This was set up by borrowing $400 million at 13% rate in 2013. XIN recently sold its Beijing project at about 20% discount to market price. The aggressiveness shows management determination to pop up revenue in 2014. I guess the street will not like what XIN management is doing. No position.
Can not agree with you. If IKGH do $1.5 billion per month in business with win rate 3%, then IKGH will have an earning power about $135 million a year. Give 8 time PE, then IKGH should worth $1.08 billion, or about $18 per share. SunCity deal in fact suggests that IKGH is deeply undervalued.
I am adding my positions at this level and no plan to sell until IKGH tops $12.