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Any time... I will buy more,,,
Med term looking at oct / nov to be at 3.00 or more!
Longer term 2nd Q of 2014 looking at a possible 5.00 mark.
Hello...What would be your short term and long term target?
Thanks.
Good Day today moving up again. 2013 looking like a strong year for CHLN
Mr. Pingji Lu, China Housing's Chairman, commented, "We are very pleased to start off 2013 with a strong quarter as our top line significantly exceeded our first quarter guidance forecast. The fundamentals in the Xi'an housing market remained healthy in the first quarter and our residential sales were stable in terms of both average selling prices and transaction volume. We commenced pre-sales of two new projects in the first quarter, Park Plaza and Puhua Phase III, both of which experienced strong demand in their first weeks on the market."
"In the first quarter, we experienced a lower gross margin level which was due to an adjustment on the total estimated project cost at our Puhua Phase Two project and from lower gross profit associated with sales of low income residential units at our Ankang project. Additionally, we initiated a group purchase sale on our Puhua Phase Three project at a discounted selling price last quarter to improve our cash position which also impacted first quarter profit margins. We remain confident we can maintain our full year gross profit margin goal of 25% to 30%."
"As we implement effective cost control measures at each of our development projects, we expect SG&A expenses as a percent of total revenue to normalize at around 10% for the full year. As the market shows continued signs of stability, we anticipate sustained levels of ASP and unit demand at our major projects in the second quarter. For the remainder of 2013, we remain focused on the execution of our four core development projects as well as the launch of Golden Bay which we expect will commence pre-sales in the third quarter. We are encouraged with our opportunities in Xi'an's real estate market and believe 2013 can be a strong year for China Housing," concluded Mr. Lu.
still weak in the early trading 1.91 low testing some lows for the week.
Looks like a down trend for now, will we go to that 2.00 range ??
I will be buying.
not as good as some thought so a retrace for now.... about 9% down
Looking good ... and price is showing that.
What is everyone on here expecting as far as revenue and net income tomorrow? Looking good especially after another similar company in China had good earnings recently!
News OUT:
China Housing & Land Development, Inc., ("China Housing" or the "Company," NASDAQ: CHLN) today announced that the Company will report its first quarter 2013 financial results before the market opens on Wednesday, May 15th, 2013.
Management will host a conference call at 8:30 am ET on the same day. Listeners may access the call by dialing +1-913-312-1489. To listen to the live webcast of the event, please go to http://www.viavid.net. Listeners may access the call replay, which will be available through May 22nd, 2013, by dialing +1-858-384-5517; passcode: 8325823.
About China Housing & Land Development, Inc.
Based in Xi'an, the capital city of China's Shaanxi province, China Housing & Land Development, Inc., is a leading developer of residential and commercial properties in northwest China. China Housing has been engaged in land acquisition, development, and management, including the sales of residential and commercial real estate properties through its wholly-owned subsidiary in China, since 1992.
China Housing & Land Development is the first and only Chinese real estate development company traded on NASDAQ. The Company's news releases, project information, photographs, and more are available on the internet at www.chldinc.com.
Some must be thinking the numbers might not be good as I see we are down over 4% for the day.
the 15th we will get reports on CHLN .
China Housing Announces Earnings Date for First Quarter 2013 Financial Results
8:30a ET May 10, 2013 (PR NewsWire)
China Housing & Land Development, Inc., ("China Housing" or the "Company," NASDAQ: CHLN) today announced that the Company will report its first quarter 2013 financial results before the market opens on Wednesday, May 15th, 2013.
Management will host a conference call at 8:30 am ET on the same day. Listeners may access the call by dialing +1-913-312-1489. To listen to the live webcast of the event, please go to http://www.viavid.net. Listeners may access the call replay, which will be available through May 22nd, 2013, by dialing +1-858-384-5517; passcode: 8325823.
I am looking at it, will for the next three days if I see next a bit of a retrace I will buy my next batch of CHLN.
Day one is today.
Yes very strong lately CHLN
are you watching those buys going through? 15K-20K on the offer eaten like they were nothing
Something besides the price is up for sure
could be a number of things...the beginning of an earnings run, traders have gotten wind of the presales collections on their two major projects, or just plain DD seeing how cheap this stock is vs competitor HGSH...perhaps a combination of all three
on April 30 there was a 500K block bought near the close around $1.80 and I doubt size like that is retail
Any idea why the big volume surge in CHLN today?
Now at 1.81 is a great move steady moving up.
Strong move this week. Nice!
Will keep buying... I know this stock is good for much more.... down the road.
This is a long term stock with great upward movement.
Total revenue in the fourth quarter of 2012 increased 112.8% to $61.5 million from $28.9 million in the third quarter of 2012 and increased 28.5% from $47.9 million in the fourth quarter of 2011. Other Income in the fourth quarter of 2012 increased to $21.3 million from $4.8 million in the third quarter of 2012 and increased from $3.0 million in the fourth quarter of 2011. The significant year-over-year increase in other revenue was due to the commercial property sales at the Company's JunJing II project, which totaled RMB 94 million ($15.1 million) in the fourth quarter, as well as revenue generated from the Company's Ankang project, which was classified as 'other income' because of the construction of social housing derived from this project in the fourth quarter. Revenue from the Ankang project will be categorized as 'real estate sales' in the first quarter of 2013 due to the development of more normalized, non-social housing projects moving forward.
In the fourth quarter of 2012, the majority of the Company's real estate revenue came from its Puhua Phase II project with additional revenue from its Puhua Phase I and JunJing III projects. Fourth quarter 2012 contract sales totaled $22.9 million compared to $12.8 million in the third quarter of 2012 and $44.6 million in the fourth quarter of 2011. Total gross floor area ("GFA") sales were 27,853 sq. meters during the fourth quarter of 2012, compared to 12,773 sq. meters in the third quarter of 2012 and 44,631 sq. meters in the fourth quarter of 2011. The Company's ASP in the fourth quarter of 2012 decreased to RMB 5,137 compared to RMB 6,359 in the third quarter of 2012, and RMB 6,301 in the fourth quarter of 2011. During the fourth quarter, the Company commenced presales at its Ankang project. Average selling prices at Ankang are lower on average compared to the Company's other projects resulting in lower overall ASP's, but given the low cost structure of this project, management believes gross margin of 25% - 30% can be maintained at Ankang, which is in-line with the Company's consolidated gross margin goal for 2013. Based on accounting requirements, the Company will start to recognize revenue from Ankang in the first quarter of 2013.
Yes a good one!!!
1.58 moving UP.... good sign. things moving.
Great move 15% up.... today.
I see a dip... will be buying more>
I see a level off for now, will be buying more soon.
China stocks got a bad rap I see on wed... so some spinoff on the down side, still a good one to buy....
Happy new year....!
A drift back a bit for today.
Back to that 1.41 mark this china housing is a big deal and will end up stronger in time....
Nice to that 1.40 mark. now lets watch the charts on this.... level off now... do we move up or down the next two weeks?
Great lift off.... from that .96 cents yes.
Good morning, nice move to 1.10
Good bounce off that .96 but I feel we will see the .96 level again before we go back to 2.00 point.
Around one dollar great buy... long on this one.
this chart is getting me dizzy.... BUY is a good thing.
Log run for sure... getting ready!
Moving up bit by bit.... nice!
Still moving up... very good.
Holding and stronger chart.
A little down tick is ok but in the long run I see back to 3.00 for us.
Good move today ... nice, and china will continue to build out.
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Company website, http://www.chldinc.com/chld_en/index.asp
Symbol | Price | Change |
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CHLN | 4.36 | 0.00 |
XI'AN, China, Jan. 19 /PRNewswire-Asia-FirstCall/ -- China Housing & Land Development, Inc., ("China Housing" or the "Company," Nasdaq: CHLN) today reported preliminary results for the fourth fiscal quarter and annual results ended December 31, 2009, significantly exceeding previous guidance.
During the fourth quarter of 2009, contract sales totaled RMB 280.5 million (US$41.1 million) of residential and commercial unit sales from the JunJing II Phase One, Phase Two, Tsining 24-G and Puhua Phase One Projects, representing a total of 58,672 square meters. Previous guidance was US$32 to 34 million in contract sales, and 46,000 to 48,000 square meters Gross Floor Area ("GFA"). The Company's average selling price per square meter in the fourth quarter 2009 was RMB 4,780.
The Company's whole year contract sales totaled RMB 709.9 million (US$103.9 million), representing a total of 146,973 square meters, exceeding previous guidance of US$86 million to US$88 million in contract sales and 130,000 to 132,000 square meters.
Puhua Phase One, the Company's first project in the Baqiao Development Region, started to contribute contract sales in the fourth quarter 2009. Puhua Phase One and JunJing II Phase Two are currently the Company's major development projects and generated the majority of contract sales in the fourth quarter of 2009.
Sales contracts are reported under the percentage of completion accounting method for revenue recognition and may not be fully recognized in the fourth quarter.
According to data from E-house (China) and the Xi'an Bureau of Statistics, which track sales statistics in China's real estate market, Xi'an residential sales in the fourth quarter 2009 totaled 5.13 million square meters for an average selling price of RMB 5,000 per square meter, a 66% increase in volume and 0.8% increase in prices compared to third quarter of 2009 results of 3.09 million square meters in sales for an average selling price of RMB 4,962 per square meters.
During 2009, the average selling price of residential units in Xi'an increased 11.2% from RMB 4,349 in January to RMB 4,835 per square meter in December, while volume increased significantly from 0.32 million square meters in January to 2.35 million square meters in December. Total sales volume in 2009 was 12.7 million square meters.
Mr. Xiaohong Feng, Chief Executive Officer of China Housing & Land Development said, "We are pleased with our fourth quarter sales results, and glad to see strong sales coming from the Puhua project. We are also encouraged by the increasingly strong sales momentum seen throughout the fourth quarter."
Commenting on a series of national policies imposed on the Chinese real estate market, Mr. Feng said, "We believe the impact of Policy changes might be limited on China Housing." Mr. Pingji Lu, Chairman of China Housing and Land Development added, "Most of these policies target to reduce speculation and limit unreasonable housing price increases, especially in the tier-1 cities, in order to enable more people to buy their own properties. As China Housing and Land Development mainly targets middle-income, first-time home buyers or customers upgrading self-owned properties in Tier 2-3 cities, we see limited impact from such policies, which are further validated by our results and low housing vacancy rates for our projects, or in other words, low speculation levels."
Based in Xi'an, the capital city of China's Shaanxi province, China Housing & Land Development, Inc., is a leading developer of residential and commercial properties in northwest China. Since 1992, China Housing has been engaged in the acquisition, development, management, and sales of residential and commercial real estate properties and land through its wholly-owned subsidiaries in China.
China Housing & Land Development is the first and only Chinese real estate development company traded on NASDAQ.
By leveraging its strong relationships with China's local state authorities, China Housing & Land Development has been able to capitalize on the supply of available land and develop residential and commercial properties, further increase China Housing's brand recognition, and outperform its competitors in medium size residential and commercial real estate developments in greater Xi'an.
Summary
Located in Xi'an, China Housing & Land Development is a leading real estate developer of residential and commercial buildings and land in northwest China.
Investment highlights
[img]http://stockcharts.com/c-sc/sc?s=CHLN&p=D&yr=0&mn=5&dy=0&i=p74236588182&r=1157[/img]
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