Fri 4/19/2019 09:11 ET
DJIA26559.54111.550.42%TELCO171.680.760.44%GOLD1277.900.000.00%Shanghai3247.642.600.08%
S&P 5002905.034.650.16%BANKS451.062.440.54%OIL64.000.240.38%BITCOIN5252.3337.290.71%
NASDAQ7998.061.600.02%PHARM549.314.060.74%US/EU1.120.000.00%Futures2910.500.000.00%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - China HGS Real Estate, Inc. - HGSH   

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add HGSH
  
From: SunTzu772 (Rep: 1112) reply to SunTzu772Date: 08/27/2018 14:33
Forum: China HGS Real Estate, Inc. - Msg #333Thread #674029765 (Rec: 0)
1.47 summer lull ending...run rate .32 eps (+129%) $21.2m net income

----


http://www.thelion.com/bin/forum.cgi?sf=HGSH&msg=331&cmd=r&t=



------------------- "Opportunities multiply as they are seized" -- Sun Tzu circa 500 B.C. -------------------



Reply to SunTzu772 - Msg #331 - 08/23/2018 05:14

Gross profit was approximately $5.3 million for the three months ended June 30, 2018 as compared to approximately $2.8 million for the three months ended June 30, 2017, representing an increase of 89.1%. The overall gross profit as a percentage of real estate sales before sales tax increased to 36.5% during the three months ended June 30, 2018 from 17.9% for the same quarter last year, mainly due to increased gross margin in Yangzhou Palace project.

----

We reported net income of $3.4 million for the three months ended June 30, 2018, as compared to net income of $1.6 million for the three months ended June 30, 2017. The increase of approximately $1.8 million in our net income was primarily due to higher gross margin and decreased general and administrative expense as discussed above under Revenues and Gross Profit.

----

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.

----

https://www.sec.gov/Archives/edgar/data/1158420/000114420418044207/tv500189_10q.htm#a_008

----



No stopping China property market as small cities set record

----
New-home prices rose at the fastest price in 22 months in July, climbing 1.2 per cent from the previous month. That's according to Bloomberg calculations based on statistics bureau data for 70 cities released Wednesday. It was the fifth straight monthly acceleration.
----
The jump in values in third-tier cities was the biggest in data going back to 2009, signaling the potential for the government to roll out more housing curbs in a cooling campaign that began more than two years ago. The dilemma for officials is how to restrain prices without tanking the property sector during a broader economic slowdown.
----

"A persistently high home price is going to lead to a very strong response from the government," Phillip Zhong, a Hong Kong-based equity analyst at Morningstar Investment Management Asia, said on Bloomberg Television. "We are going to expect to see more tightening measures being put in place."


----

Values climbed 1.2 per cent in third-tier cities, calculations showed, despite the potential blow to demand from authorities tightening loan approvals for shanty-town redevelopments. The gain was 1.4 per cent for second-tier cities. Those increases compared with just 0.3 per cent in the biggest cities of Beijing, Shanghai, Shenzhen and Guangzhou.
----
"The pent-up demand is too strong to be fully curbed," Yang Kewei, Shanghai-based research director at China Real Estate Information Corp, said before the release. "It's entirely possible that later this year prices may surge again."
----
The latest gain across the 70 cities compared with a 1.1 per cent increase in June. New-home values, excluding government-subsidized housing, rose in 65 cities, compared with 63 in June.
----
Signs have been mixed for the property industry: unsold land in government auctions could be an early warning sign of a slowdown, but that contrasts with home sales surging during the traditionally slow month of July. In one of the latest moves in the government's cooling campaign, Shenzhen announced tougher curbs on sales last month.
----
"A market correction in third- to fourth-tier cities in response to the shanty-town policy change will likely come later than expected," Mr. Yang said. "Apart from the resilient sentiment, an expected stronger supply in the second half will also help stoke sales." BLOOMBERG


----

https://www.businesstimes.com.sg/real-estate/no-stopping-china-property-market-as-small-cities-set-record

----

http://www.thelion.com/bin/forum.cgi?sf=HGSH&msg=321&cmd=r&t=

----

China HGS is a rapidly growing real estate developer that focuses on Tier-III and Tier-IV cities in China. Since 2005, the Company has developed about 1,500,000 square meters (approximately 16 million square feet) of GFA, or gross floor area.
----

China HGS is actively expanding into additional selected Tier-III and Tier-IV cities and counties. Macroeconomic factors including increasing urbanization rates and stable growth in disposable income are the key growth drivers.

----

http://www.chinahgs.com/hgs_en/content.asp?topid=2
http://www.chinahgs.com/hgs_en/content.asp?sortid=32

What would you like to do? Message: Endorse | Bookmark | Report AbuseUser SunTzu772: Reward | Watch | IgnoreHGSH: Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add HGSH
  

TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.