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Forum - China HGS Real Estate, Inc. - HGSH   

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From: rasputin (Rep: 72) reply to SunTzu772Date: 08/16/2018 12:35
Forum: China HGS Real Estate, Inc. - Msg #323Thread #674028459 (Rec: 0)
Re: 1.39 table pounder looking at 'FY 2018 .25 eps (.15 thru 9 months vs .07) vs ...

Nice find..the company should PR this!



Reply to SunTzu772 - Msg #2748099 - 08/16/2018 12:09

1.39 table pounder looking at 'FY 2018 .25 eps (.15 thru 9 months vs .07) vs .14 'FY 2017 this sort of growth acceleration is rare in such a lowly valued stock
(p/e 7.2 vs .21 industry ave).
Summer lull almost over, early DD should be chased soon.

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"For the first nine months ended June 30, 2018, our sales, gross profit and net income were approximately $50.9 million, $11.4 million and $6.6 million, respectively, representing an approximate 42.5%, 62.7% and 109.6% increase in sales, gross profit and net income as compared to nine months ended June 30, 2017, respectively. The increase in sales, gross profit and net income was mainly resulted from the increasing sales of GFAs from Yangzhou Palace project."
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"For the first nine months ended June 30, 2018, we recognized revenue under the percentage of completion method for Yangzhou Palace real estate Project because the real estate project under development have met the criteria for revenue recognition under the percentage of completion method as June 30, 2017. Total revenue recognized under the percentage of completion method for the nine months ended June 30, 2018 was approximately $25.9 million (2017 - $6.9 million), representing 51.0% (2017 – 19.4%) of total revenue for the period, with related costs of these real estate sales was approximately of $20.6 million (2017 – 6.4 million), representing 52.4% (2017 – 22.8%) of the real estate costs in the period. The gross profit before sales tax from the percentage of completion method was approximately $5.3 million (2017 – 0.5 million), representing 46.0% (2017 – 6.8%) of the total gross profit for the period."

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Market Outlook

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"In fiscal 2019, the Company expects to focus on the development of the Liangzhou Road related project. These projects will comprise of residential for end-users and upgraders, shopping malls as well as serviced apartments and offices to satisfy different market demands. Our customers continue to experience growth of their disposable income. With a lower housing price to family disposable income ratio and an increasing urbanization level, there is a growing demand for high quality residential housing. From this perspective, the Company is positive about the outlook for the local real estate market in a long term. In the meantime, the Company is diversifying its revenue and developing more commercial and municipal projects."

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"We intend to remain focused on our existing construction projects in Hanzhong City and Yang County, deepening our institutional sales network, enhancing our cost and operational synergies and improving cash flows and strengthening our balance sheet. In this respect, we began the construction of the following large high rise residential projects in Hanzhong City and Yang County."

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(8/14 filing 10-q,-no pr)
https://www.sec.gov/Archives/edgar/data/1158420/000114420418044207/tv500189_10q.htm#a_007

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