Xinyuan Science & Technology Service (NEEQ:870929) Outstanding 2017 Results

Xinyuan Science & Technology Service (XSTS), the property management subsidiary of Xinyuan Real Estate, filed its 2017 Annual Report (LINK).  Even though XSTS shares are not yet trading publicly, the NEEQ listing provides visibility into the rapid growth in Xinyuan's recurring revenues and income from this business.  Highlights: The company’s NEEQ listing was approved on … Continue reading Xinyuan Science & Technology Service (NEEQ:870929) Outstanding 2017 Results

Advertisements

March 2018 NBS Price Data in Leading Chinese Cities With Home Price Restrictions

China’s National Bureau of Statistics (NBS) released its monthly report on home sale prices (LINK).  The segregation of “15 Hot Cities” in the NBS report implies that they will be the primary focus of government policy: Intense market restrictions have kept prices flat for many months: Segregating the 10 strongest and weakest of the 70 markets … Continue reading March 2018 NBS Price Data in Leading Chinese Cities With Home Price Restrictions

China Automotive Systems $5.45 Buyout Price May Be Fair

Last May China Automotive Systems (CAAS) received a buyout offer of $5.45/share from its Chairman Hanlin Chen The Special Committee of the company's independent directors hired advisors and Morgan Stanley's private equity arm joined the Buyer Group, but there has been no other update. Weaker profitability and an unexpected $40mm tax bill have reduced the … Continue reading China Automotive Systems $5.45 Buyout Price May Be Fair

Xinyuan 1Q18 Contract Sales Estimate from CRIC

China Real Estate Information Corporation (CRIC – a subsidiary of E-House) released estimated 1Q18 sales data for the country’s top 100 property developers (LINK).  Xinyuan China is shown at #69 with estimated sales of 6.04Bn RMB year-to-date. CRIC does not have access to any official company records and compiles its estimates from 3rd party sources … Continue reading Xinyuan 1Q18 Contract Sales Estimate from CRIC