Xinyuan Real Estate: Another Tough Quarter
- 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.
Read more here.