News: $XIN Xinyuan Real Estate Co., Ltd. to Report Third Quarter 2019 Financial Results on December 6, 2019
BEIJING , Nov. 29, 2019 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or the "Company") (NYSE: XIN), an NYSE-listed real estate developer and property manager primarily in China and in other countries, today announced that it plans to release its third quarter 2019 finan...
Got this from XIN - Xinyuan Real Estate Co., Ltd. to Report Third Quarter 2019 Financial Results on December 6, 2019
Geo Investing is legit. Waiting for the hoopla to taper off a bit more.
Volume and price performance
5d 15min Intraday
Risk And Reward With Xinyuan Real Estate
Apr. 14, 2015 7:30 AM ET | About: Xinyuan Real Estate Co., Ltd. (XIN)
Here's a stock that has been on a roller coaster in the last 4 years, but one that could become a rocket any time now. As far as being a Ben Graham net current asset trade, its margin of safety is extremely high.
As of the latest quarterly statement, Xinyuan’s (NYSE:XIN) balance sheet shows a net current asset value of $782 million. Compared to the market capitalization of $242 million, that presents explosive upside potential. Especially, given that they are one of the few companies that are net current asset positive and are also profitable. This is not a company that many look at from a growth perspective, because despite the fact that revenue and income both more than doubled from 5 years ago, the stock is trading at about the same (or even lower) price, and shareholders now receive an annual dividend payment of 6.23%.
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Of course, the biggest factor for many of these Chinese companies has been fraud. Yet, with Xinyuan, I think it’s fair to say that the company is real and the books are correct. I was recently in New York and it reminded me of the Williamsburg project the company has in Brooklyn, which has been selling condos for around $1,100 a square foot.
The project (Oosten) has a total of 400,000 square feet, which means total sales from the project are likely to exceed $400 million. The cost is to be less than $250 million, so when expenses and interest are taken out, XIN could add more than $100 million to its cash position. That alone is worth close to one half (½) of the current market capitalization.
Do they have inventory piling up? Yes, over 2,000 active projects are still unsold. But so what? It’s not like a used car that’s depreciating as it sits on the lot and gets older. If anything, the value of the company’s holdings will be getting more valuable.
Fourth quarter revenues of $362 million, a 121% increase from third quarter of 2014; contract sales of $402 million, which is a 140% increase from the third quarter of 2014. The annual comparisons show the company surviving the downturn in the Chinese market with revenues up 2.5% to $920 million in 2014; floor area sales down 5.5% to 629,000 square meters; and net income down 61% from $126 million in 2013 to $48 million in 2014. For me this is not a big deal as long as they are adding to Book Value, which XIN seems to be doing very well.
In fact, the book value is close to $13 per share. With the Brooklyn project coming to an end and sold by next year, XIN could tack on another $1 on its book value.
The stock sits at $3.20. It’s a bargain. The risk would be if the company is truly a fraud; I don’t believe that’s the case. The reward is for a patient investor to see 100% gains in the next few years, or sooner.
Disclosure: No positions
Risk And Reward With Xinyuan Real Estate
Xin will reach $9 a share by the end of Jan 2014 CFO resigned to do personal conflict with now interim CFO. The company has a solid track record of making money and with Realestate coming back there is even greater potential for the stock. IMO.
I can tell u this most this company has a very strong management team
Dedicated on making this company a major player in the US Realestate market. I personally know many high ranking members and there should be no reason why this stock should be at 9 a share which is what they have on hand cash wise for every outstanding share. Monday buy and buy some more at these crazy prices.
New Renderings Spotted at 421 Kent Avenue Site
Wednesday, December 11, 2013
A tipster passed along this construction fence rendering of long-stalled condo project 421 Kent Avenue, which seems to finally be getting underway after selling to Chinese developer Xinyuan Realty last year. The new rendering is a slight departure from architects' WASA/Studio A's previous drawings—gone are the brick portions, and the difference between the ground-floor and upper-floor windows is more stark. Once completed, the building is going to have 215 units, some of which may or may not include private pools.
Kapell opens new firm
Martin Kapell, until recently a partner at WASA/Studio A, has opened a new architecture office in Hudson Square called think! architecture and design.
Although think! is committed to the general practice of architecture, it is currently designing several multi-family residential projects.
Among these are 267 Rogers Avenue in Crown Heights, a 125,000 square foot, 165-unit rental building in the Crown Heights section of Brooklyn, and 421 Kent Avenue, an ultra-high-end 440,000 square foot, 216-unit condominium in Williamsburg.
The firm is also building on Kapell’s expertise in the design of performance spaces with current projects at La Mama, the off-Broadway theater company, and the recently completed master plan for Symphony Space.
Kapell has been working as an architect in New York since the early 1980’s, first as a partner at Kapell & Kostow Architects, then in collaboration with Charles Tannhauser and Jack Esterson at TEK.
For the last eight years, he has been the senior design partner at WASA/Studio A
think! has established an ongoing joint venture with the Spector Groupto pursue larger projects. The two firms are already working together on several jobs.
I have owned this stock since 2009 and I am still amazed at how people are so quick to dump it, usually for no apparent reason. If it's fraud they are afraid of, I have never seen any indication that this company is anything but above-board. The PE is extremely low, and they pay a decent dividend, and they make money quarter after quarter. It's pretty much a no brainer, but maybe that's the problem - fear of too good to be true.
Owning the stock for near 5 years has bee a real roller coaster ride, but I think this year it has finally gotten some traction with the TPG investment and above $5 share price, and it will continue to go up in spite of the occasional nasty sell-off like we had today.
Shhh .. just let the company keep buying back cheap shares ... at this rate, eventually you and I will own the whole company!
Imagine the dividend THEN ... lol!
I don't get it. Why are people so ignorant about this stock? These Chinese managers are throwing everything they can at the problem of their stock being severely undervalued and still, very little progress is being made...yet. I think the biggest problem is that their market capitlization is too small for the big money to start pouring in. That means it's up to the small investor to invest enough money first, so that the big money can come in based off of their minimum market cap investment guidelines. That is going to be the time when the lucky first small investors get to sit back and say "I TOLD YOU SO" to their friends as they get paid.
just look at their earnings report from today, this company is insanely undervalued. They are making money hand over fist and yet still they can not get enough small investors on board to make a sizeable gain in the stock price yet. Again, it will only stay this way until the market capitlization gets large enough for the big money to start coming in
If anybody has any doubt that this company's valuation is too good to be true, just look at XIN's 60 million dollar share buyback plan for comfort, or their consistent dividend. Last time I checked, companies that are committing fraud do not consistently pay out huge dividends or buy back their own shares in huge denominations. If that's not enough, look at the NYSE auditing requirements for exchange listed stocks. In case people don't know this, XIN is a NYSE listed stock. THEIR NUMBER'S ARE LEGITITMATE. I feel bad for the people that are following this stock and explainging their reasons for why they are bearish. These poor people are going to look back 2 years from now and say WOW, I could have bought that stock at $5.00 and now it's at $20.00+, but instead I tried to short one of the most undervalued stocks of all time. All because of the fact that not too long ago, there was a handfull of Chinese companies that were lying about their financials, so people assumed that all Chinese companies were lying, and they threw the good companies out with the bad.
Chinas Residential real estate on 60 minutes
Anybody catch 60 minutes last night? 1 of their segments featured China's residential real estate bubble. Huge residential developments built and no one is living in them. Mostly huge apartment towers. Ghost communities, ghost towns. Built to accommodate the influx of rual village people moving to the cities. One problem, they can't afford them. New house cost average is 45 times the annual salary. The The villagers make about 20 bucks a day they're poor. Was going to buy the houses and apartments. New law came into effect this year. 1 house per family in 1 city. But some are looping around this by buying a home in another city. The fact remains that the law has stalled some residential developments. The law may have been specific only to Beijing. Must see Episode.
Glad I did not sell on the open ... XIN recovering from early panic-selling and profit-taking.
Still extremely low valuation and legitimacy confirmed by growing dividend.
"Chinese property developers' shares fell on Monday over worries about the impact of new government measures to control house prices announced last week."
"Homeowners who sell their properties will have to pay a capital gains tax of 20 per cent on their profits, the State Council, or cabinet, said in a statement late Friday."
So glad I sold my trading position on Friday.
Already down 12.5% pre-market.
good stuff... it will take 2 more years and this will have truned into a money making gem
I just hope the scaredy-cats keep the price low long enough for me to really load up. Not too often you come across a company with XIN's explosive earnings literally trading at its EPS.
People don't realize a few things: The Chinese Gov mandates folks have to put up something like 30% down when they buy a property. Many put up more. The US housing bubble burst was so devastating because 99% of the people had NO equity in their homes.
Yes, Chinese real estate will cool a bit because the government is going to guide it down, but the underlying issue is somthing like 20 million chinese are moving to cities every year. That is likely a 20 year trend. Also XIN is snapping up some US properties as well.
Keep buying, this is a company with a bright future
Think the SA article might have helped fuel this today? They rarely have effect and this one lacks all semblence of indepth due diligence but nonetheless the simple facts stated are true enough.
I am actually strongly considering getting back in this one but going to wait a bit and watch the technical action first - Could be a short-lived pop as we have all seen plenty enough with US listed Chinese stocks.
Going back private is a concern with legit beaten up big board stocks that have the unique mispriveldge of being Chinese if actually legit, but with the continued divis and purchase of NYC assets it doesnt have the about to pull a go private move feeling... Why would they initiate steps to solidify legitimacy in the markets eyes if that was the case? They'd prefer to keep the pps low to force hand shareholders to accept a lowball offer compared to BV.
I sold my posiition in May at 3.26, not getting the feeling that it was ready to hold up and it didnt. But now Im wondering if the time is ripe to up a position again despite my overall philosophy of not chasing. Personally I dont think I will have to chase todays close as it will likely settle some over the week as the volume was 3x normal on not much of a catalyst. Its on the close radar screen in the ST to see what is next from here, I could be completely off.
Long term Im not seeing much to dislike fundamentally, and never have. Wheres the skeleton? Please show me one if they have one lurking in the closet. Just waiting for degrees of trust to establish themselves regarding US listed China legit big boards instead of spitting in the wind again. In retrospect following the MS nod on YONG for example was not then, and perhaps now not a bad idea either. Everyone is so spooked, and rightly so, in the US listed China space but the strongest ones are bound to appreciate first and strongest IMO, once the market believes the legitimacy of the company and that they have zero intention of going back private. Then serious corrections could be in store with sustained volume of half todays.
The share repurchase program should bring the outstanding ADRs to 66-68 mil (assuming no major price advances)...
Let´s hope the CEO doesn´t change his plan and continues operations as a public company.
Net income for 2012 is expected to be between 130-140 mil. With a moderade dividend police going forward one is paid back relatively quick.
Also, is their (potential) $20 million share buyback (on top of the $10 million already re-purchased in 2011).
If the share re-purchase holds in proportion to the share price, I figure I'll own the entire company in 10 years ... if so, I'll be sure to invite everyone here to stay in New York at the building announced today ... lol. (If TF agrees ... we might end up partners.)