Wing Tai Holdings

[ValueBeliever]

The ridiculous Singapore market. The way things are going in physical property market and equity is complete opposite. Property at every increasing price see buyers and real equity at cash value sell for almost 1/2 price.

All due to demand and artificial central banker push for interest rate to so low and that developer no longer see any growth opportunity ahead unless land price are lowered. Yet who is at risk most is again the consumer!

Neither dividend nor high NTA has any impact, unless wing tai chose to be privatized and return all the cash?

[zf87]

in a short term, the market is a bidding machine. in a long term, the market is a weighing machine.

[money]

I feel very happy buying more Wing Tai at $1.34

damn! i didnt buy any more shares after the partial offer, now i lose my 7cents dividend.. sad

[propertyinvestor]

I feel very happy buying more Wing Tai at $1.34

damn! i didnt buy any more shares after the partial offer, now i lose my 7cents dividend.. sad

Faster buy back tomorrow at 1.43! Buy big win big!

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good job you gave away your 7c/share dividend to other people. Very clever.

Wing Tai Full year result is out and dividend is as your predicting 7 cents.

Revenue: S$624.9 million -17%
Net Profit: S$242.2 million -35%
EPS: 31.2 cents vs 47.6 cents
NAV: $2.69 versus $2.43
Gearing: 0.18 versus 0.36
Dividend per Shares: 7 cents

Gearing same as Keppel Land. Q2 of Wing Tai's profit results will show that it is NET CASH instead since Ascentia Sky TOPs at end of the year.

[nitro]

Source: http://www.channelnewsasia.com/stori...221332/1/.html


SINGAPORE: Property developer Wing Tai foresees a growing possibility of a correction in Singapore's property market.

This as the firm announced its fourth quarter (Q4) earnings on Tuesday.

Wing Tai's Q4 net profit slipped 16 per cent to S$140.5 million. This is despite its revenue jumping 88 per cent to S$202.2 million.

The company said its lower Q4 profit was due to a change in accounting standards, which do not recognise profits from uncompleted units.

Full-year profit declined 35 per cent year-on-year to S$242.2 million, while turnover dropped 17 per cent to S$624.9 million.

A total dividend of seven cents per share was also declared.

Despite the weaker performance, analysts Channel NewsAsia spoke to said the developer's earnings were above expectations.

The dividend was also a surprise as Maybank Kim Eng's analyst Wilson Liew was expecting dividends to be five cents per share.

At the results briefing, Wing Tai said it is targetting to launch its latest freehold residential development with 337 residential units with one commercial unit next year.

Formerly zoned for industrial use, the developer has successfully applied to change the use of its former headquarters to residential.

Located at Tampines Road near Kovan MRT station, Wing Tai said this latest project which sits on land acquired in the 1960s would help capture any potential uptick in the property market.

But the property developer believes the market is set for a correction ahead.

Chairman of Wing Tai Holdings, Cheng Wai Keung, said: "A number of you have been asking why have we not been tendering for URA projects and we have not been active in the market for quite some time.

"I would still maintain that the correction will be coming and the way I look at it, is that if there is a cycle, if you take away that 2008 temporary drop, you smooth out the curve, it is actually the eighth or ninth year of the rise in this cycle."

- CNA/ck

[propertyinvestor]

All the analyst all making wrong calls for Wing Tai. Especially Donald Han from CIMB. Really rubbish analyst! Last year keep calling for a sell!

[money]

All the analyst all making wrong calls for Wing Tai. Especially Donald Han from CIMB. Really rubbish analyst! Last year keep calling for a sell!

take it easy, people are just making a living. sometimes when they make a wrong call, then we get the chance to buy it cheaper

[propertyinvestor]

All the analyst all making wrong calls for Wing Tai. Especially Donald Han from CIMB. Really rubbish analyst! Last year keep calling for a sell!

take it easy, people are just making a living. sometimes when they make a wrong call, then we get the chance to buy it cheaper

These analyst should be sacked for doing a lousy job. Im also wondering if its also a coincidence that the sell calls preceded the partial takeover offer by Cheng Wai Keung allowing him to pocket the Wing Tai shares at a deep discount to the book value.

[Blackjack]

Sacked by who? You and I don't pay the analysts. Who pays them? They get to decide whether to sack don't they? Then again, how do you know they are not doing a good job?

[Temperament]

i were against selling to the CYK's Brothers & Company, my Wing Tai Holdings are intact.