Tag - Xin

Xinyuan Real Estate Co. Ltd. (NYSE:XIN) dipped 13% this morning after the Chinese real estate developer announced a drop in second-quarter net income and revenues that fell below an analyst's expectations.
 
For the three months ended June 30, Beijing-based Xinyuan said it earned $13.2 million, down 9.6% from $14.6 million in last year's second quarter. While revenues climbed 17.2% to $87.7 million, they still fell below the $99.7 million that one analyst polled by Thomson First Call was expecting.
 
The company said that weaker market conditions brought about by the tightened credit supply and slowed buyer demand made the quarter a "challenging" one.
 
By mid-morning Xinyuan is at $6.02, down $0.90 from Friday's close. Shares have traded as low as $4.88 and as high as $18 in the past year.
 
For detailed price information and news stories on Xinyuan, click XIN.

Currently living in both New York and London, having worked as a financial journalist around the globe, and speaking seven languages, Vivian Lewis is as "international" as one can get.

Lewis has spent decades searching worldwide for growth and income opportunities that often aren’t on the radar screens of most advisors. "I try to avoid broad-brush macro-economic investing in favor of a diversified portfolio of lesser-known small-cap stellar stocks," she says. "Keeping all your money on Wall Street in dollars is one of the biggest mistakes U.S. investors can make. By sticking with the dollar, you are holding an inflation-battered currency losing value against others."

Lewis' ongoing analysis can be found in her Global Investing newsletter (www.rightside.com), which has consistently been ranked among the top long-term performers by the Hulbert Financial Digest.

Lewis focuses on investments that U.S. investors can buy with ease — such as ADRs, closed-end funds and ETFs — without the added risks of investing on foreign exchanges.

"My mission is to get U.S. investors to expand their portfolios overseas," she says. (For those comfortable with the complexities of investing abroad, Lewis also publishes
GlobalInvestingPRO.)

Having just spent several weeks touring China, Lewis has uncovered several intriguing new ideas, including one small-cap stock in the homebuilding sector — Xinyuan Real Estate (NYSE:XIN), with a market cap of $568 million. (XIN, Lewis tells us, is pronounced like “chin.”)

"My latest Chinese stock pick is a smaller entrepreneurial offshore Chinese newcomer," Lewis says. Offshore China? Indeed, while the company is headquartered in . . .