A New York attorney is sent to Shanghai on business, where he finds himself in a legal mess that threatens his career. With the help of a relocation specialist and her contacts, he soon learns to appreciate the wonders of Shanghai.
It was an easy watch and featured Bill Paxton, one of my favorite actors. I would recommend it to people who enjoy watching dramatic comedies and want a fun way to spend 100 minutes in front of the television.
Shortly after watching the movie, I decided to look more into real estate in China and how one person can profit from it. The one name that kept popping up in my research was Xinyuan Real Estate Corporation(XIN). XIN is a Chinese Real Estate company that is currently valued at $399 million dollars. It currently holds over $1 Billion in assets with another $700 million in future business with some of the top Chinese construction companies.
Today (March 1, 2013) XIN experienced a 7.86% increase in stock price as seen in the chart below. The past three trading days it has seen positive gains with over 1 million shares in volume per day! Although I do not intend to cover stocks which have experienced such huge gains already, its best to look towards the potential growth in the future. Asia is booming and XIN can easy increase in stock price 10 tens over. It looks like a good buy and at $5.90 it is at a good price to establish a core position. Add to your position on the dips and enjoy the ride!
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