Wing Tai Holdings

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(27-01-2014, 11:16 PM)pianist Wrote: the debt is astonishingly high >1billion, not sure if I can sleep well at nite..but it seems deeply undervalued on the other hand

Actually their cash hoard is very high as well. They wouldnt have a problem paying their liabilities.

Tembusu is almost 86% sold and that will be a major profit generator for Wing tai in the next few quarters.
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If this is not a long established company, having high cash and high debt is a red flag
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
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(16-08-2014, 01:21 PM)specuvestor Wrote: If this is not a long established company, having high cash and high debt is a red flag
Agreed. Got carriedy away by some high cash S-CHIP coy before.
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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Hello buddies

I came across two analyst reports on Wing Tai and found that they have very different RNAV calculations, notably in the "Other Assets" category.

Links are here:

http://research.maybank-ib.com/pdf/docum...3_5570.pdf

https://cimbequityresearch.cimb.com/EFAO...181&A=CIMB

Does anyone know why there is such big discrepancy?

Thanks!
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Update: The Crest Sept 2014
Cumulative Units Sold to-date: 49
Median Price ($psf) in the Month:
Units sold in the month: 0
Cumulative Units Launched but Unsold: 83
Total Number of Units: 469
You can find more of my postings in http://investideas.net/forum/
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TOP: 2016
Update: The Tembusu Sept 2014
Cumulative Units Sold to-date: 296
Median Price ($psf) in the Month:1,516
Units sold in the month: 3
Cumulative Units Launched but Unsold: 41
Total Number of Units: 337
percentage sold: 87.54%
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(15-10-2014, 01:42 PM)ngcheeki Wrote: TOP: 2016
Update: The Tembusu Sept 2014
Cumulative Units Sold to-date: 296
Median Price ($psf) in the Month:1,516
Units sold in the month: 3
Cumulative Units Launched but Unsold: 41
Total Number of Units: 337
percentage sold: 87.54%

May I know where can I find this info? Some gov website??
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(22-10-2014, 10:49 PM)ahyu02 Wrote:
(15-10-2014, 01:42 PM)ngcheeki Wrote: TOP: 2016
Update: The Tembusu Sept 2014
Cumulative Units Sold to-date: 296
Median Price ($psf) in the Month:1,516
Units sold in the month: 3
Cumulative Units Launched but Unsold: 41
Total Number of Units: 337
percentage sold: 87.54%

May I know where can I find this info? Some gov website??

You can find this info from URA website.
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(22-10-2014, 10:49 PM)ahyu02 Wrote:
(15-10-2014, 01:42 PM)ngcheeki Wrote: TOP: 2016
Update: The Tembusu Sept 2014
Cumulative Units Sold to-date: 296
Median Price ($psf) in the Month:1,516
Units sold in the month: 3
Cumulative Units Launched but Unsold: 41
Total Number of Units: 337
percentage sold: 87.54%

May I know where can I find this info? Some gov website??

Oops sorry, miss out your post. On the 15th day of every month URA will announce the sale of Private Residential Units Sold By Developers in the previous month. The following is the website.

https://www.ura.gov.sg/realEstateIIWeb/p...rch.action

Wing Tai has announced Q1FY2015 result this evening. The following is a short summary.

Financial results for 1QFY2015 ended 30 Sep 2014

Wing Tai Holdings. 1Q2015 net profit at $24.163 m
- Revenue: $160.093m, down 28% from same period a year earlier
- Gross profit: $62.144m, down 33%
- Net profit: 24.163m, down 1%
- Earnings per share:3.07 cents versus 3.12 cents

For more information, refer to the following link
http://infopub.sgx.com/Apps?A=COW_CorpAn...t%2014.pdf
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Stripping out the one off gain of $21.163m on disposal of subsidiary company, net profit got hit quite badly.

Did anyone attend the AGM?
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