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Xinyuan Real Estate up 8.4% as SA contributor makes strong call

Published 12/19/2017, 11:51 AM
Updated 12/19/2017, 11:51 AM
© Reuters.  Xinyuan Real Estate up 8.4% as SA contributor makes strong call
  • Xinyuan (XIN +8.4%) caught GeoTeam's attention after a bullish article on another China real estate play, Nam Tai Property (NYSE:NTP).
  • Geo figures the undercovered Xinyuan trades at nearly a 60% discount to book value. Meanwhile, shareholder-friendly management has been paying out a steadily increasing dividend, and buying back stock.
  • Maybe most exciting given the way markets are behaving of late, investors in Xinyuan are getting a free blockchain call option thanks to the company's partnership with IBM (NYSE:IBM), and an agreement with a subsidiary of 58.com.
  • Now read: Xinyuan: Underpriced Real Estate Story Worth , With Added Blockchain Call Option


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