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Forum - Wall Street Pit (China HGS Real Estate, Inc. - HGSH)    Stock Due Diligence for All

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From: SunTzu772 (Rep: 1071) reply to Up_PutsDate: 05/16/2018 21:45
Forum: Wall Street Pit - Msg #2734392 - List HGSH msgs Thread #674009681 (Rec: 2)
Let them buy back $3+..Net Income +105%..Sales +87%..Profit +45% (Gross)
Myself and other traders I know are accumulating good positions at these gift prices, there's all kinds of great DD in the Q including new projects, current projects underway etc, for those of us who aren't day traders and see the significant market disconnect.
Forward p/e 5.4?? Laughable. The industry average is 12.
A few highlights:

"For the first six months ended March 31, 2018, our sales, gross profit and net income were approximately $36.4 million, $6.1 million and $3.2 million, respectively, representing an approximate 87.1%, 45.3% and 104.7% increase in sales, gross profit and net income as compared to six months ended March 31, 2017, respectively. The increase in sales, gross profit and net income was mainly resulted from more gross floor area (“GFA”) sold during the first half of fiscal 2018."


Net Income


"We reported net income of approximately $3.2 million for the six months ended March 31, 2018, as compared to net income of approximately $1.6 million for the six months ended March 31, 2017. The increase of $1.6 million in our net income was primarily due to more revenue and less operating expense as discussed above under Revenues and Gross Profit."


"The Company was engaged by the Yang County local government to construct the East 2nd Ring Road with a total length of 2.15 km and a budgeted price of approximately $26.7 million (or RMB 168 million), which was approved by the local Yang County government in March 2014. The local government is required to repay the Company’s project investment costs within 3 years with interest at the interest rate based on the commercial borrowing rate with the similar term published by China construction bank (March 31, 2018 – 4.75% and September 30, 2017 – 4.75%). The local government has approved a refund to the Company by reducing local surcharges or taxes otherwise required in the real estate development. The road construction is expected to be completed by 2018."


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

Reply to Up_Puts - Msg #2734368 - 05/16/2018 15:27

KGJI and HGSH also sold off. Re: TYHT inchin higher, SBOT next
What would you like to do? Message: Endorse | Bookmark | Report AbuseUser SunTzu772: Reward | Watch | IgnoreHGSH: Ignore

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