Wing Tai

[behappyalways]

not vested

Singapore Result Snapshot
http://www.remisiers.org/cms_images/res ... ingTai.pdf

[behappyalways]

Delisting not on the cards for Wing Tai
http://www.businesstimes.com.sg/premium ... i-20140718

[behappyalways]

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

[behappyalways]

Update: The Crest Feb 2015
Cumulative Units Sold to-date: 66
Median Price ($psf) in the Month: 1640
Units sold in the month: 2
Cumulative Units Launched but Unsold: 66
Total Number of Units: 469

[winston]

not vested

Wing Tai – Wing Tai makes the list due to an advantage that it would enjoy as an unlisted, locally owned company: avoiding Qualifying Certificate penalties on its luxury unsold projects such as Le Nouvel Ardmore and Nouvel 18.

However, the group has a robust balance sheet with net gearing below 0.2x, and has a diversified property business, both geographically and sector-wise.

Major shareholder, the Cheung family, made a successful partial offer in 2012, at SGD1.39 per share, to bring its stake above 50%.

With the stock trading at a deep discount of 55% to its latest book value of SGD3.90, the company has been doing active share buybacks and the Cheung family may yet pounce again in a second privatisation attempt.

Source: RHB

[winston]

Wing Tai Holdings - Why has Wingtai outperformed?

We believe Wingtai’s recent surge could be due to speculation on
1) it being taken private or
2) bulk sale of its high-end residential units.

Both scenarios will be positive for Wingtai and could raise our target price by 4-9%; but they remain speculative for now.

Our target price rises by 4%, now based on 27% historical average discount RNAV (prev 30%).

We downgrade it from Add to Hold based on fundamental valuations, while acknowledging that a materialisation of either scenario will bring upside risks to the
stock.

Source: CIMB

[winston]

not vested

Time: 2:04PM
Exchange: SGX
Stock: Wing Tai(W05)
Signal: Support - Broken with High Volume
Last Done: $2

Source: UOBKH

[behappyalways]

天鑄、何文田山畔　首日僅售出六成
兩豪宅新盤銷情慢熱
http://hk.apple.nextmedia.com/financees ... 8/19188318

[behappyalways]

Wing Tai snubs land sales exercises as property downtrend continues
http://sbr.com.sg/residential-property/ ... -continues

[behappyalways]

Wing Tai's 1Q earnings dive 92% to $2 million
http://sgx.i3investor.com/servlets/fdnews/55066.jsp