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Xinyuan Real Estate (XIN): Q3 EPS of $0.44. Revenue of $226.1M (+6% Y/Y) beats by $6M. (PR)

Xinyuan Real Estate (XIN): Q3 EPS of $0.44. Revenue of $226.1M (+6% Y/Y) beats by $6M. (PR)
Comments (8)
  • TruffelPig
    , contributor
    Comments (4059) | Send Message
     
    Very nice :).
    9 Nov 2012, 07:17 AM Reply Like
  • Tom Guttenberger
    , contributor
    Comments (717) | Send Message
     
    Off 10% on a solid earnings beat and 30% gross margins...there must have been a lot of good news priced in here. I mean, it is hard to sustain that sky-high P/E multiple of 2. Gotta love the market!
    9 Nov 2012, 10:41 AM Reply Like
  • Renmycat!
    , contributor
    Comments (615) | Send Message
     
    chance to pick up more at cheap prices! i will be buying more, just give it a few days/weeks to settle
    9 Nov 2012, 10:50 AM Reply Like
  • BillGee
    , contributor
    Comment (1) | Send Message
     
    Percent of completion accounting is always subject to suspicion.
    9 Nov 2012, 11:29 AM Reply Like
  • TruffelPig
    , contributor
    Comments (4059) | Send Message
     
    The P/E is so low, does it REALLY matter? Anyhow, I bought much cheaper and will hold long-term.
    9 Nov 2012, 11:38 AM Reply Like
  • willy me this
    , contributor
    Comments (12) | Send Message
     
    They're down 50% from their Q2 EPS, probably because they had to buy that New York property to prove they exist. I too view this as an opportunity to expand my holdings.
    9 Nov 2012, 12:45 PM Reply Like
  • Renmycat!
    , contributor
    Comments (615) | Send Message
     
    Q2 2012 was abnormally strong EPS, prob due to great gains on sales of buildings (not sure though). The down 50% means nothing in this case.. EPS is up 2.2% from the Q3 Y/Y 2011 EPS. so cant necessarily compare to Q2 as it is an outlier. The Q2 EPS was a 118% increase from Q2 2011, and a 199% increase from Q1 2012.

     

    I too think this is a great opportunity, but i will wait a lil bit to see how things shake out
    9 Nov 2012, 01:06 PM Reply Like
  • Tom Guttenberger
    , contributor
    Comments (717) | Send Message
     
    PBoC cut the reserve rate in February and again in May, freeing funds to pent up buy-on-credit demand, hence the rise in prices and volumes.
    9 Nov 2012, 01:18 PM Reply Like
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