XIN - Xinyuan Real Estate Co.: Buy The Misplaced Fear As It Offers Solid Earnings And A Steady Dividend
Source: XIN website
Xinyuan Real Estate Co. (XIN) is a Chinese real estate developer and property manager focused mainly on tier-one and tier-two cities in China such as Beijing, Shanghai, Zhengzhou, Jinan, Xi'an, and Suzhou. On Friday, February 15, they announced solid 4Q18 and full-year results. Yet, once again, the price barely budged. Investors are just unwilling to assign US-level valuations to Chinese real estate stocks (and even Chinese stocks in general), given the level of distrust that exists regarding their financials.
However, in XIN's case, this distrust is misplaced.
XIN is not a