Quick Review On Xingquan's Earnings

Here's Xingquan's updated numbers.

1. Much improvement from it's Q4 numbers.
2. Receivables. Increased a lot yes?

And that's about I can say.

Could I dare suggest Xingquan is lousy? Nope.

Could I dare suggest Xingquan is great? Can I?

Previous postings:

1. 10 Aug 2010: Regarding Xingquan
2. 16 Aug 2010: Quick Review Of Xingquan's Earnings
3. 19 Oct 2010: Xingquan's TDR

The Oct posting has an interesting issue.

CIMB's earnings forecast.


Ahem... 2010, Xingquan is projected to earn some 150.7 million. In 2012, Xingquan is EXPECTED to earn some 170.4 million!

And Xingquan only earned some 25.556 million for 11 Q1.

Not very encouraging yes?

And then there is the potential 12% dilution from the proposed TDR......