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still keeping mum about its reporting> ?
Wing Tai's Uptrend At Risk?
Wing Tai Holdings has been one of the best performing stocks in Singapore since the beginning of 2012 till today. The uptrend started when it was trading at just about $0.915 and after an amazing 20-month rally, it is now priced at $2.05.
Looking at the weekly chart, Wing Tai?s long-term trend is supported by the trendline I have drawn in black. This line, however, coincided with the 40-week moving average (which is also the 200-day moving average), hence we see that the strong support is currently at $2.00. We may see further downside if its share price break below this level.
Weekly Chart On Wing Tai
Looking at the daily chart, Wing Tai has formed a head and shoulders pattern since December 2012, the first and third peak are the shoulders and the centre peak forms the head. In technical analysis, this pattern is a sign of a trend reversal. With the price breaking below the 50-day moving average recently, the chart is telling us that in the mid-term we should not be holding this counter. Based on the previous trend, Wing Tai usually moves higher when price is above the 50-day moving average. Therefore, I will be bullish again when the price move higher.
Daily Chart On Wing Tai
testing
eaton1977 ( Date: 20-Aug-2013 11:38) Posted:
Holding on my < 1 sgd stock. Good dividend year after year
shygiraffe ( Date: 20-Aug-2013 11:22) Posted:
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should be announcing dividend this reporting |
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Turn around play in the afternoon ahead of reporting?
Very under-value counter....
Holding on my < 1 sgd stock. Good dividend year after year
shygiraffe ( Date: 20-Aug-2013 11:22) Posted:
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should be announcing dividend this reporting |
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should be announcing dividend this reporting
results this wed....
likely good.... I think can buy.. maybe 7c extra divi
...Married Deal: Vol: 182 Value: $387,478 ie $2.129/share Prev Close: $2.130...
| SG - Wing Tai Holdings - Rebound at support suggests further recovery |
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By Philip Teo
Wed, 24 Jul 2013, 12:36:11 SGTRebound at support suggests further recovery Immediate resistances taken out.
Wing Tai Holdings could see more upside ahead after conquering its 3-month downtrend resistance and $2.10 key resistance recently this was followed by a strong rebound off these levels on heavy volume yesterday.
Indicator is bullish.
The MACD is still trending higher steadily at the moment, suggesting that the upside momentum is likely to continue.
Next resistance at $2.40.
The counter could head towards the $2.40 key obstacle in the weeks ahead, with the next hurdle pegged at the $2.60 psychological obstacle.
Immediate support at $2.10.
Meanwhile, we advocate a stop-loss exit around $2.05, which is slightly below the firm resistance-turned-support at $2.10. |
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I'm looking at Wing Tai but wary of any more property measures.
My apologies. I just read the 3Q financial report and the net asset value is $3.10! Up from $2.85.
Still not convinced? I've accumulated since it was 1.30, 1.90 etc...juicy dividends, NTA at 2.50. No brainer.
Watch for a break of 2.32 here. Technical buying signal, six months target: 2.71. http://sgx.stoxline.com/quote.php?s=w05
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.
Ya bought Ho Bee but missed Wing Tai.
Any chance of Ho Bee going private?
kelvinLim123 ( Date: 07-May-2013 14:06) Posted:
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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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Wing Tai and Ho Bee slowly crawl up, no one shout here, bought only Ho Bee, 2 wks ago
Just loaded more of WT at 1.97 based on this report:
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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
... 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.
... 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...
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...
Andrew ( Date: 08-Mar-2013 22:38) Posted:
And Banking stock too ........
srichipan ( Date: 08-Mar-2013 11:37) Posted:
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If possible get out of this counter now. The threat of property cooling measures is real.
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