Xinyuan Property Management Ranked #16 in China

Chinese real estate companies are trying to diversify their business models as the pace of new construction has moderated (see SCMP: China Developers Unearth New Gold Mine in Serving Home Owners).  During Xinyuan's most recent conference call CFO George Liu mentioned Xinyuan's interest in expansion of its property management business: "We are also exploring new … Continue reading Xinyuan Property Management Ranked #16 in China

Chinese ADR Buyouts in Progress

Stabilization of the Chinese domestic markets has improved prospects for completion of a majority of the ADR buyouts announced this year. The CSI 300 market cap weighted index of the 300 largest Shanghai/Shenzhen listed stocks has rebounded 16% from its August low and is now unchanged for the year: The highly speculative Chinext index has … Continue reading Chinese ADR Buyouts in Progress

MNC Media Investment Job Listings Suggest Acceleration and Expansion of its Business Plan

A Singapore job site shows 6 jobs recently posted by MNC Media Investment (I confirmed with the company that these are for MNCMI rather than any similar related party): The key listings suggest that the company will build on current strengths (MNC Group's strategic position in SE Asia, technology expertise in China, and success in travel/social … Continue reading MNC Media Investment Job Listings Suggest Acceleration and Expansion of its Business Plan

China Home Prices Undervalued According to the Economist House Price Index

The Economist magazine House-Price Indicator shows Chinese home prices are the world's best bargain relative to disposable income: Affordability has never been better: The index also showed that Chinese home prices are high relative to rents.  Property owners can accept low rents because carrying costs are extremely low.  China has no property taxes and apartment … Continue reading China Home Prices Undervalued According to the Economist House Price Index

China Home Prices Rise in September

The monthly 70 city NBS home price survey showed higher prices in 39 cities vs August and lower prices in 21 cities,  Compared to September 2014 the top 5 cities were major markets: Continued strength in Shenzhen (+4% in Sep) suggests that the Summer crash of the Shenzhen stock market is not having a significant impact … Continue reading China Home Prices Rise in September

Jinpan International is Over 75% Cheaper Than Every Comparable China-Listed Company

China-based electrical equipment maker Jinpan International's CEO recently offered to buy all publicly held shares for $4.50, a small premium to their market price, but well below their fair value The company is currently forecasting record sales for 2015 and had a record high order backlog at 6/30/15 despite weak end market conditions Stock valuation … Continue reading Jinpan International is Over 75% Cheaper Than Every Comparable China-Listed Company

Rebound of new construction in China

Residential Home sales have been strong since the government relaxed home price restrictions in the spring, lowered mortgage interest rates, and reduced downpayment requirements.  Sales have not shown any apparent negative "wealth effect" from this year's stock market volatility (source: NBS) Until September new construction starts remained weak as Real Estate developers opted to reduce … Continue reading Rebound of new construction in China

MNC Media Investment’s Value Generation Has Been Hidden By Wind-Down Of Legacy Business And Transfer Of Primary Listing

first published on Seeking Alpha MNC Media Investment (MNCMI) is the holding company for the new media investments of the MNC Group, a leading Indonesian conglomerate. MNCMI owns 50.1% of Letang Games, a highly successful mobile gaming company preparing a Shenzhen IPO with a possible valuation over $500mm MNCMI owns 100% of Fumubang, a social … Continue reading MNC Media Investment’s Value Generation Has Been Hidden By Wind-Down Of Legacy Business And Transfer Of Primary Listing