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Xinyuan Real Estate: Another Tough Quarter
December 9, 2019
- Xinyuan Real Estate reported lackluster Q3 2019 results that were not well-received by the market.
- Q3 2019 turned out to be tough period of time for this Chinese real estate company, and it may take awhile before business prospects really begin to improve.
- I have a stake in Xinyuan Real Estate with no plans to sell any shares.
Xinyuan Real Estate's ($XIN) stock has significantly underperformed the broader market over the last few years, and 2019 has been more of the same.
Saying that 2019 has been a challenging year for Xinyuan would be a major understatement, as this Chinese company has had to deal with a number of significant headwinds (see "XIN: A Lot Of Risk To The Story" for more detail on the risk factors that have impacted the stock). And it was the same old story for Xinyuan's most recent quarter.