------ XIN est Q1-------
As far as I know.... there are no analysts estimates for XIN. The big upside is when/if an analyst appears and gives an estimate. I don't have any good idea what XIN will earn in Q1 .... but my WAG is 15 cents earnings for Q1. That is if they don't write down any project.... which is what I have been expecting for a year or more now.
------ margin thing -------
Margin's don't bother me.....buy when margins are down and sell when margins are high. I presume margins will be average in the long run for real estate.
XIN made 6 cents in Q1 last year ...... if they make 8 cents this year in Q1 they will beat Vanke's 28% increase in earnings! LOL!
I have made very good money as a RTK long and as a SSL long.....almost $1/2 million profits in both since 1998. One was a solid AE FT company.....the other was an AE FT scam. Guess which is which! LOL!
------ paid to trash talk -----
I am paid by being rational and right in my investment decisions......which is why I have made over $1/4 million in RTK profits as a long. ....and you have lost your adz as a RTK long.
Check out msg 72090 and 72091 on the Investor Village board for a previous "discussion" with "wens" on the difference between cash and cash flow.
I believe Google translation states nearly $20M USD sold in two hours for XIN's "high tech" 91-108 sq meter homes.
------ April 23, Xin Yuan family mansion project two hot opening day marketing centers crowded, staged a fierce panic room grand 2 hours, fresh off 120 million, sales lead West. As in Jinan Xinyuan China's first science and technology homes, opening not only the continuation Xin Yuan real estate sales myths, and confirms the Xinyuan brand strength, science and technology to create new miracle!
Popular hot opening scene, staged a "panic room" drama.....
...... Opening day, not to 9:00, the project site gathered hundreds of customers, all parking spaces parking area parked, there have been enthusiastic buyers influx. It is reported that the opening Xin Yuan family mansion main push 91-108㎡ Smart Sanju, opened less than two hours, the launch of the listings on sales Bacheng. -------
Bought 1,000 ADS late today at $5.03 ..... I will sell those for a profit sometime in the next 3-5 years.
XIN finances their construction in China primarily through pre-sales. Cash flow is very good at this time. As debt matures ...... it is paid off. XIN paid off an 11% loan of $38.4M on April 3, for example. Why babble bovine scat?
So far for 2016 I get.....
Beijing ........... 176.4
Manhattan .... 57.5
$474.4 Million total land purchases for 2016. I am not too confident in the total.....because I am posting this at a .04%. LOL!
Msg 542 on the IV board has an article on the Malaysian project "option".....
"KUALA LUMPUR: Xin Eco Marine Group Properties Sdn Bhd, a subsidiary of Xinyuan China, will invest US$1 billion in a mixed development project in Klebang, Malacca next year.
Its President Datuk Jacky Zhang Zhengang said the project, comprising three major property segments – tourism, commercial and residential, would be built on a 68-hectare of reclaimed land facing the Straits of Malacca.....
........... “In the other regions close to Kuala Lumpur and some other tourism destinations like in Sabah, Penang and some island tourist hotspots, we are glad to do investment for these kind of venues in the future,” he said. .................etc.
XIN is treating the project as an "option" for future development at this time..... I believe the CFO has stated this several times recently. My guess, is that XIN will have to make good progress on their Sanya destination resort before sinking money into a Malaysian resort.
Please tell us why $10 M for 170 acres of ocean front property in the south of Malaysia is too much to pay and such a poor deal. We realize you are a World real estate expert....so please pontificate.
XIN paid $10 M for the Malaysia project and plans to spend $50 M more for full land reclamation. Is $60 m too much for prime ocean front property capable of a $1-2 B tourist town? XIN has not made a final investment decision on the property.....and may flip the land if they have better opportunities in the future elsewhere. XIN has been clear that they are treating the property as an option.
------- good money after bad ------
XIN has a different opinion of the Malaysia project that you..........
".... we bought our Malaysia project at a very low price. So if there is any up-trend, the local market actually increases our value, on holding that project....."
So ..... what is "172" acres of ocean front property in the Southwest Malaysia worth?
XIN has a project in Malaysia ..... where they have committed to spending $50 M, so far, for land reclamation, after an initial purchase price of $10 M.