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Wing Tai Properties warns of H1 loss
THU, JUN 11, 2020 - 5:50 AM
It had posted consolidated profit of HK$245.4m in year-ago period
Singapore
WING Tai Properties, the Hong Kong associate of Singapore-listed Wing Tai Holdings, on Wednesday guided for a first-half consolidated loss for the six months ending June 30.
In the year-ago period, there was a consolidated profit of HK$245.4 million (S$43.9 million), said...
I think all within expectation, you can check its P/E.
Maybe will drop after result.
Andy80 ( Date: 13-Feb-2018 09:16) Posted:
Power horse!!!2QFY18 net profit soared 491%.
Surprisingly, price did not go up.
Should pick up since price has come down quite a bit since last week |
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Power horse!!!2QFY18 net profit soared 491%.
Surprisingly, price did not go up.
Should pick up since price has come down quite a bit since last week
Wing Tai has been going up since the start of the year.
Last month it got a correction.
Seem like going to go up again tomorrow.
What&rsquo s next for Wing Tai after earnings miss
SINGAPORE (Aug 23): Maybank Kim Eng is maintaining its &ldquo hold&rdquo call on Wing Tai Holdings with an unchanged price target of $1.71, while UOB Kay Hian is keeping its &ldquo buy&rdquo recommendation with a target price of $2.37.
On Monday, Wing Tai announced full-year earnings of $7.08 million, 95% down from $150.3 million in FY15.
(See Wing Tai&rsquo s full-year earnings plunge 95% to $7.1 mil)
The property and retail group&rsquo s latest set of results came in below the expectations of both research houses.
Maybank has cut FY16-18 earnings per share (EPS) estimates by 32% to factor in higher corporate expenses which led to the profit miss. Even with &ldquo cheap valuation&rdquo of 0.4x P/BV, the analyst thinks the stock is not likely to re-rate due to poor earnings visibility.
Wing Tai announced a special dividend payout of 3 cents with proceeds from the sale of its 50%-stake in Nouvel 18 to shareholders, bringing the total dividend for the year to 6 cents.
The impending final DPS could provide share price support, he adds.
On the other hand, UOB analysts Vikrant Pandey and Derek Chang maintain their optimism on the stock with the possibility of the group&rsquo s growth being bolstered by its &ldquo sizeable&rdquo debt headroom.
&ldquo With some $2 billion in debt headroom (assuming comfortable net gearing level of 50%), we reckon Wing Tai could be well poised to take full advantage of acquisition opportunities in China and Malaysia,&rdquo assert Pandey and Chang.
They also suggest that acquisition opportunities could even extend to Australia as a potential market, following the group&rsquo s A$31.5 million ($32.5 million) acquisition of a seven-storey carpark on Melbourne&rsquo s Flinders Street.
On the retail front, Pandey and Chang highlight that the group closed 30-40 stores over the past year though.
&ldquo Interestingly, [Wing Tai] attributes challenges in the retail scene to overall market weakness and sees threats from online as overplayed,&rdquo says Maybank analyst Derrick Heng.
Shares of Wing Tai closed at $1.78.
I received reports from broker this am :
Property group Wing Tai Holdings posted FY16 earnings of $7.08 million for the year ended June, 95% down from $150.3 million in FY15 on lower operating profit and lower fair value gains. Operating profit dropped 73% to $27.5 milliona from $103.3 million a year ago. Full-year revenue fell 20% to $544.5 million from $676.7 million the year before. Shares of Wing Tai closed 0.6% higher at $1.78.
Wing Tai declares 6 cents dividend today.
NAV is $4.04.
any chance privatize?
jayarumah ( Date: 25-Jul-2016 11:57) Posted:
you noticed also ? : )
I guess cooling measures need to be over . We need to stimulate our main Economic Engine : The Property Market
Msport ( Date: 25-Jul-2016 11:55) Posted:
property stocks strong... any news on this?
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you noticed also ? : )
I guess cooling measures need to be over . We need to stimulate our main Economic Engine : The Property Market
Msport ( Date: 25-Jul-2016 11:55) Posted:
property stocks strong... any news on this?
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property stocks strong... any news on this?
If Wing Tai is rocket fuel. Look at CHina Aviation Oil, nuclear engnegy?
Buddha_E ( Date: 13-Jul-2016 10:10) Posted:
Wing Tai today on Rocket fuel, flying like crazy! Any news?
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Wing Tai today on Rocket fuel, flying like crazy! Any news?
Wait for opportunities, lot of uncertainty in 2h16. China slowndown, fed rate hike, brexit, donald trump fear etc. Market would be sold down as big fund temp run for cover in cash and bond. Sti might test jan low, save ur bullet
No harm, brother. It' s a good coy anyway. From time to time, it' d be sold down to around 1.60 or lower. So, may also be good to save some bullets for lower px too. Who knows, it the speculation comes true, it' d be just reward for ur patience.
GorgeousOng ( Date: 10-Jun-2016 09:30) Posted:
I would accumulate some.... 🤑 🤑 🤑
Just incase....😜 😜 😜
Qanghoo ( Date: 10-Jun-2016 08:39) Posted:
This one singing the same song for ages already.
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I would accumulate some.... 🤑 🤑 🤑
Just incase....😜 😜 😜
Qanghoo ( Date: 10-Jun-2016 08:39) Posted:
This one singing the same song for ages already.
GorgeousOng ( Date: 10-Jun-2016 08:34) Posted:
Wing Tai ( Property) can be potential privatization , based on current price is 60% discount from book. And After last 2 years government property cooling measure..Currently Share price is trading around 1.72 - 1.74. 52 week low is 1.46 and high is 1.98. Company gearing is low and UOB got buy call. Target price : $2.37. Last two days got strong buy up volume.. Share price limit down side, good up side. One lot is around $1,75. Can consider to accumulate.. Adam / Cimb
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This one singing the same song for ages already.
GorgeousOng ( Date: 10-Jun-2016 08:34) Posted:
Wing Tai ( Property) can be potential privatization , based on current price is 60% discount from book. And After last 2 years government property cooling measure..Currently Share price is trading around 1.72 - 1.74. 52 week low is 1.46 and high is 1.98. Company gearing is low and UOB got buy call. Target price : $2.37. Last two days got strong buy up volume.. Share price limit down side, good up side. One lot is around $1,75. Can consider to accumulate.. Adam / Cimb
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Wing Tai ( Property) can be potential privatization , based on current price is 60% discount from book. And After last 2 years government property cooling measure..Currently Share price is trading around 1.72 - 1.74. 52 week low is 1.46 and high is 1.98. Company gearing is low and UOB got buy call. Target price : $2.37. Last two days got strong buy up volume.. Share price limit down side, good up side. One lot is around $1,75. Can consider to accumulate.. Adam / Cimb
Yes still waiting. 50 cents--- coming soon.!!!!
Fallings off cliff soon
lifeisgood ( Date: 23-Aug-2015 14:32) Posted:
There are people who spent their whole life waiting, and ended up still waiting.
victortan ( Date: 23-Aug-2015 06:49) Posted:
i am waiting for 0.05..lol
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There are people who spent their whole life waiting, and ended up still waiting.
victortan ( Date: 23-Aug-2015 06:49) Posted:
i am waiting for 0.05..lol
FearValueGreed ( Date: 22-Aug-2015 21:45) Posted:
Waiting for 50 cents.
Time is my friend |
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i am waiting for 0.05..lol
FearValueGreed ( Date: 22-Aug-2015 21:45) Posted:
Waiting for 50 cents.
Time is my friend |
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