Xinyuan Science & Technology (NEEQ:870929) coverage initiated by Shanxi Securities

Xinyuan Real Estate's property management business, Xinyuan Science & Technology (XST), was approved for listing on China's National Equities Exchange and Quotations (NEEQ) "New Third Board" in March (LINK).  Broker coverage is a strong signal that a public offering of shares by  is planned.  Benefits of an offering to Xinyuan Real Estate (XRE) would be: … Continue reading Xinyuan Science & Technology (NEEQ:870929) coverage initiated by Shanxi Securities

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Xinyuan 3Q17 Contract Sales Estimate from CRIC

China Real Estate Information Corporation (CRIC – a subsidiary of E-House) released estimated 9M17 sales data for the country’s top 100 property developers (LINK).  Xinyuan China is shown at #75 with estimated sales of 15.8Bn RMB year-to-date, which means 6.56Bn RMB for 3Q. CRIC does not have access to any official company records and compiles … Continue reading Xinyuan 3Q17 Contract Sales Estimate from CRIC