China XD Plastics 1H Review & The New Deal is Worse Than The Old Deal

Specialty chemicals producer China XD Plastics delivered strong 1H18 operating results with volume +11% and net income +14% The company remains over 80% cheaper than China-listed peers Liquidity is adequate, but it would be prudent to raise equity at a reasonable price to support growth plans The proposed issuance of shares in the Chinese operating … Continue reading China XD Plastics 1H Review & The New Deal is Worse Than The Old Deal

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July 2018 NBS Price Data in Leading Chinese Cities

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 kept prices flat for many months in these key markets, but the average has been boosted  by … Continue reading July 2018 NBS Price Data in Leading Chinese Cities