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Wing Tai
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Wing Tai
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tanglinboy
Elite |
14-May-2013 07:18
Yells: "hello!" |
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I'm looking at Wing Tai but wary of any more property measures. | ||||
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HugoLee
Member |
13-May-2013 23:22
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My apologies. I just read the 3Q financial report and the net asset value is $3.10! Up from $2.85. 
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HugoLee
Member |
13-May-2013 21:05
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Still not convinced? I've accumulated since it was 1.30, 1.90 etc...juicy dividends, NTA at 2.50. No brainer. | ||||
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rbgmauq
Member |
13-May-2013 21:03
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Watch for a break of 2.32 here. Technical buying signal, six months target: 2.71. http://sgx.stoxline.com/quote.php?s=w05 | ||||
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HugoLee
Member |
13-May-2013 20:58
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Wing Tai Q3 net profit more than doubles to S$94.6m - Business Times (13 May 2013) Wing Tai Holdings's net profit more than doubled to S$94.6 million for the third quarter ended March 31, 2013 from S$42.3 million a year earlier. Revenue more than trebled to S$455.8 million from S$128.1 million previously. For the first nine months, net profit surged to S$255.3 million from S$101.6 million the previous year. Revenue more than doubled to a record S$1.02 billion from S$422.7 million a year ago. This was due mainly to progressive sales recognised from Foresque Residences and L'VIV, additional units sold in Helios Residences and Belle Vue Residences in Singapore, as well as the contribution from Verticas Residences in Malaysia. |
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tonylim
Master |
07-May-2013 15:22
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Ya bought Ho Bee but missed Wing Tai. Any chance of Ho Bee going private?
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kelvinLim123
Master |
07-May-2013 14:06
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Wing Tai and Ho Bee slowly crawl up, no one shout here, bought only Ho Bee, 2 wks ago | ||||
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HugoLee
Member |
05-Apr-2013 21:06
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Just loaded more of WT at 1.97 based on this report: ----------------------- Maybank Kim Eng Research, April 3 WING Tai sold one more unit at Le Nouvel Ardmore in February at a month-high unit price of $4,372 psf, suggesting that Wing Tai is not compromising on pricing just to move inventory. Our asking price assumptions for its two upcoming project launches may also be a tad conservative. At current valuation of 0.64 times P/B, we maintain that Wing Tai is a bargain. Reiterate " buy" with a street-high target price of $2.55. The latest transaction suggests that Wing Tai remains steadfast in its pricing strategies. We do not foresee any immediate need to adopt a more aggressive pricing strategy particularly for Le Nouvel Ardmore, given its low estimated breakeven of $2,160 psf. In terms of timing, Wing Tai has a little over two years to finish selling the remaining 41 units, as we expect the project to obtain its temporary occupation permit (TOP) in the coming months. We expect The Tembusu to be launched sometime this quarter, which should be met with healthy demand given its proximity to Kovan MRT station. That is likely to be shortly followed by the launch of the Prince Charles Crescent (PCC) site possibly around June. Considering that SingLand is looking to price Mon Jervois nearby at around $2,000 psf, our asking price assumption of $1,750 psf for the PCC site would appear a tad conservative. Should Wing Tai manage to achieve $2,000 psf, its RNAV could be raised by five cents per share. Wing Tai is trading at a deep 34 per cent discount to its NAV per share of $2.95. From its enterprise value, the implied GDV of its attractive Singapore residential landbank including the two prime Armore Park sites is as low as $1,562 psf, while valuing its investment properties and growing retail business at next to nothing! Wing Tai still trades below its ten-year average P/B of 0.84 times despite having reduced its net gearing position to a ten-year low of about 16 per cent. We believe that the current steep discount severely undervalues the stock. Reiterate " buy" with a target price of $2.55, valuing the stock at 0.86 times P/B and 0.7 times P/RNAV. BUY |
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guoyanyunyan
Elite |
03-Apr-2013 09:33
Yells: "uncertainty always exist" |
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... after posted the last one... discover this.... yesterday STXOSV gap up may partly due to SG Daily article as well... SG Daily: Wing Tai Holdings - Ardmore’s Worth Much More Singapore Daily Wing Tai Holdings: Ardmore’s Worth Much More Maintain Buy TP SGD2.55 We reiterate our BUY call and Street-high TP of SGD2.55. At current valuations, the implied GDV of Wing Tai’s attractive Singapore landbank is a mere SGD1,562 psf, and that also values its investment properties and retail business at next to nothing! Wing Tai sold one more unit at Le Nouvel Ardmore in February at a price of SGD4,372 psf, as management remains steadfast in its pricing strategies. We may also be a tad bit conservative on our ASP assumptions for its upcoming launches, namely The Tembusu and the Prince Charles Crescent site. We believe that Wing Tai should at least be trading close to its 10-year average P/B of 0.84x, particularly when its net gearing is at a 10-year low. Our TP of SGD2.55 values the stock at 0.86x P/B and 0.7x P/RNAV. |
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guoyanyunyan
Elite |
03-Apr-2013 09:26
Yells: "uncertainty always exist" |
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... this two weeks perform better than expectation ... ... today gap up .... why? ... due to DOW???... ...$2.00 remain a strong resistance level ...Last Done $1.96... |
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iPunter
Supreme |
17-Mar-2013 09:15
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Yes sifu... Bank stocks are the most juicy stocks at the moment... But whether they will stop their climb, or correct, no one can tell...
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guoyanyunyan
Elite |
16-Mar-2013 21:34
Yells: "uncertainty always exist" |
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... this week, the candlesticks formation is known as " falling three methods" ..? .. ... this is a bearish continuation pattern ... price likely to trend downward .... |
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Andrew
Master |
08-Mar-2013 22:38
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And Banking stock too ........
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guoyanyunyan
Elite |
08-Mar-2013 12:23
Yells: "uncertainty always exist" |
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... cooling measure brought Capitaland to lowest $3.61 on 14 Jan, today low so far $3.60 .... ... will Wing Tai go back to $1.75 - 1.80 level .......?..... |
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skyboy69
Member |
08-Mar-2013 12:06
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Are you referring to the adjustment to the MRS? | ||||
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srichipan
Master |
08-Mar-2013 11:37
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If possible get out of this counter now. The threat of property cooling measures is real. | ||||
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guoyanyunyan
Elite |
27-Feb-2013 09:50
Yells: "uncertainty always exist" |
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... take profit off the table ... short term trade ... 
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chinastar
Senior |
26-Feb-2013 06:31
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Not sad either:)
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rutheone1905
Veteran |
20-Feb-2013 00:12
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sometime ppl (with vested interests) will speculate certain upcoming events so tat the market will move. eg recently speculation is tat garment gonna cap the loan to 80% of the car price....immediately many flocked to the show room. many countries uses interest rate to control their currencies valuation n flows of M2 money. (when the giant US interest rate is near to Zero, no countries dare to increase the interest rate too far from zero) sg being too tiny economy cant do tat. garment control the exchange rate instead. so to say our interest rate gonna go up....means...imagine US = 0%, whereas Sg = 1% for example.....hot monies will flow (put exchange rate aside) from low interest rate to higher interest rate country. Sg too small cant take huge hot monies. therefore garment will not increase interest rate suka suka if our current situation does not dictate such an act or rather if playing the exchange rate already enough to stabilize our econ, garment will not play with interest rate (being too small a economy). in short, if u r in properties play u look at US interest rate if low Sg will be low too, roughly like tat. So US interest rate can go high or not? if it goes high then hot monies will flow to them (park inside the bank n do nothing) but their economy will not benefit becos lending is expensive for their businesses. so US will not suka suka increase their interest rate....so the link is simple....
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HugoLee
Member |
19-Feb-2013 22:16
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You guys are damn hard to please lah.  With results showing 162% rise in profit, you folks are still not happy.  - Vested |
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