Shares of China HGS Real Estate Inc (NASDAQ: HGSH), engaged in real estate development, construction and sale of residential apartments, car parks and commercial properties, recorded over 24.0% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. HGSH was the top performer in the U.S. financial sector after gaining 24.3% and closed at $5.57 Monday, while recording significant trading volumes of 1.8 million shares. Recently, HGSH announced its financial results for the fiscal year 2014, where it reported total revenues of $124.3 million, up 83% against $67.8 million in fiscal 2013. Net income for the fiscal 2014 totaled approximately $32.4 million, an increase of approximately 56% than that of $20.8 million in fiscal 2013. Basic and diluted net earnings per share attributable to shareholders for the fiscal 2014 were $0.72, compared to $0.46 for the fiscal 2013. During the past 5-trading sessions, HGSH gained 73.5% with daily average trading volumes of 674,074 shares, while the stock accumulated 29.5% gain during the past one month with daily average trading volumes of 177,840 shares.
Company Description:
China HGS Real Estate Inc. (NASDAQ: HGSH) is a residential property developer in Hanzhong, China. The company’s real estate properties include multi-layer, sub-high-rise, and high-rise apartment buildings.
1-Year Stock Chart:
Source: Bloomberg
