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Too many black candles.. Sign of rebound soon!
I am watching this horse too! still wonder when will b right time to get in..looks tempting
...new 1-yr low: $1.670..last: $1.705...
...five consecutive weekly black-candle already..don't happen often...
...new 1-yr low: $1.725..last: $1.730...
guoyanyunyan ( Date: 22-Jan-2014 14:57) Posted:
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Wing Tai: 2Q14 Net Profit Down 45% To S$48.4 Million.
For the half year ended 31 December 2013, Wing Tai Holdings Limited recorded a total revenue of S$470.4 million. This is a 17% decrease from the S$568.9 million revenue recorded in the half year ended 31 December 2012. The Group's net profit attributable to shareholders for the current period is S$73.0 million, which is 55% lower than the net profit of S$160.7 million recorded in the corresponding period. After successive rounds of property cooling measures and the introduction of the Total Debt Servicing Ratio in June 2013, the demand for new residential units in Singapore has been adversely impacted...
Wing Tai Holdings Limited (W05.SI)-SES
Prev Close: 1.78
Open: 1.77
Bid: 1.7550
Ask: 1.76
1y Target Est: 2.26
Beta: N/A
Next Earnings Date: N/A
Day's Range: 1.75 - 1.7650
52wk Range: 1.75 - 2.39
Volume: 209,000
Avg Vol (3m): 588,761
Market Cap: 1.38B
P/E (ttm): 2.88
EPS (ttm): 0.61
CIMB upgrades to Hold with TP $1.88. The house notes that with Wing Tai?s more attractive valuation following the sell-off over the past three months and in view of its strong finances, upgrade its rating from Reduce to Hold. Although RNAV-based target price is lower as the house raise its discount rate to 30% due to Wing Tai?s high-end exposures in Singapore, increase its FY14-15 EPS forecasts by 25-33% to account for the earlier recognition of its Tembusu project. While lacklustre sales of high-end Singapore developments and Wing Tai?s depleting landbank will continue to pressurize earnings, the company has a strong balance sheet and an attractive valuation at 0.47 P/BV.
...the last downtrend from mid Jan '10 to mid Dec '11 (~2 yr) brought Wing Tai from $2.04 to $0.88...
...after hit the high of ~$2.16 (Nov '13)...it is undergoing a correction phase...
...last done: $1.82...1-yr low: $1.74..2-yr low: $1.03...
Wing Tai unit sets new record for Shanghai land prices
WRITTEN BY THE EDGE
TUESDAY, 03 DECEMBER 2013
WRITTEN BY THE EDGE
TUESDAY, 03 DECEMBER 2013
Winmine, a subsidiary of Singapore-listed Wing Tai Holdings, has set a new record for land prices in Shanghai this year when it acquired a plot in downtown Huangpu District for RMB42,821 psm ($8,831).
The land parcel, which had a starting price of RMB748 million, or 29,013 psm, was sold for RMB1.104 billion, a premium of 47.6%, designated for office and commercial purposes.
Winmine fought off rivals including China SCE Property Holdings and Shanghai Yongye Group to put in the winning bid of 8,594-square-meter parcel next to the Xintiandi area.
the price adjusted for the full amount of dividend.. but not to worry. this is a temporary correction as the trend still looks good thou. Let's wait and see tomoro..
Where did you see the " another 12cent dividends" from?
HugoLee ( Date: 28-Oct-2013 10:01) Posted:
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Shiok ah! Another 12 cents dividends so soon after the last one! Will hold can collect dividends long long time.
While 1QFY14 core earnings dipped to $24.5m (-66% y/y, -92% q/q), Maybank KE sees it as a non-event with fairly successful launch of The Tembusu yet to contribute to earnings. Shareholders are still eligible for the 12 cts/sh dividend (3 cts ordinary, 9 cts special) before the stock goes ex-div on 5 Nov. The house also estimates that of the 217/337 units sold at The Tembusu, another 10-15 units may have been sold since then, with ASP remaining at around $1,500 - 1,600 psf. Due to the early stages of construction, Maybank KE expects The Tembusu to begin earnings contribution only in late FYJun14. Wing Tai?s Prince Charles Crescent (PCC) site is expected to be launched in 4Q13 or 1Q14. At an estimated breakeven cost of ~$1,450 psf, house estimates an ASP of $1,750 psf. Meanwhile, SingLand is likely to launch its own 495-unit project nearby called Alex Residences in the coming weeks with a slightly lower estimated breakeven of $1,400 psf. The pricing and demand for Alex Residences will provide further benchmarks for Wing Tai to price the PCC project. Maybank KE remains Buy with higher TP: $2.80 (previously $2.78), pegged to a 30% discount to RNAV. Balance sheet remains remains rock solid with a net gearing of just 0.13x, and the house firmly believes that its 0.6x P/B valuation is unjustified
Book close today for juicy 12cents dividend - about 5.6% based on share price of 2.12$.
Upside prevails as long as 2.06 is supported (Trading Central)
Alternative scenario: below 2.06, expect 1.99 and 1.95.
Our pivot point stands at 2.06.
Our preference: the upside prevails as long as 2.06 is support.
Alternative scenario: below 2.06, expect 1.99 and 1.95.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 2.08 and 2.11).
Supports and resistances:
2.29 *
2.25 **
2.21
2.11 last
2.08
2.06 **
1.99 *
...uptrend over around end May '13... now in sideways movement... last: $2.140...
good buy if have holding power...
weeee! 12 cents dividend.. hurhurhurh..
4QFYJun13 results ahead of consensus, on strong devt profits and one-off gains. Net profit was $275.8m, +72% yoy, driven by devt profits, as profits were recognized from additional units in Helios & Belle Vue, Verticas (all profits were booked upon TOP this FY), Foresque and L?VIV. Wing Tai declared a total dividend of 12¢ (including 9¢ special), implying 5.9% yield. For FY13, Wing Tai sold 538 units in SG, Msia and China, with total sales value of $885m (vs 463 units in FY12 with sales value of $725m). Occupancy for Wing Tai?s invmt properties improved yoy (97% in SG). Balance sheet remained solid with gearing declining to 0.15x. Wing Tai has sold 65% (220 units) at Tembusu at $1,550 psf and aims to launch the Prince Charles Crescent site at yr end. Nevertheless, mgt remains cautious on the residential outlook, saying it could shy from bidding in new state land tenders in 2H, given that the property cycle in Singapore is in its 8th or 9th year of upcycle. Valuation are undemanding at 0.6x P/B and 41% discount to Deutsche?s RNAV, but the house believes Wing Tai remains vulnerable to a slowdown in the residential market and its wider-than-avg NAV discount could persist with activity likely to remain muted, particularly with its depleting landbank. Deutsche keeps its Hold rating with TP $2.24 (from $2.19), based on an unchg 35% discount to RNAV.
Wingtai value of stock is 3.60 and giving 12c....
Wingtai reported full-year results:
http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementLast3Months& F=901481#.Uhyywj-YfdQ
Wahoo!