Wing Tai

[winston]

Not vested. From Kim Eng:-

Best proxy to the luxury property market

We believe that Wing Tai is one of the best plays on the improving luxury property market. Reiterating our BUY recommendation with a target price of $2.20, pegged at a 10%-discount to its FY10 RNAV of $2.45.
We think that as the volume of high-end property transactions in the market increases, there is scope for its discount to RNAV to narrow.

[millionairemind]

Another property stock that had its gap covered..

My TA skills only so-so (lousy la.. ). Experienced chartists, please feel free to comment.

[millionairemind]

From Kim Eng Securities.

Wing Tai Holdings Ltd - Best exposure to luxury properties (BUY, $1.83 - TP $2.46, WTHS.SI / WINGT SP, Property)

Wing Tai has officially launched the 147-unit L’VIV at Newton Road over the weekend, and about 50% of the units have been snapped up at an ASP of about $2,000 psf. Wing Tai still has an unsold landbank of about 850,000 sq ft in attributable GFA in the high-end segment. Due to its low breakeven costs, we estimate that when fully-sold, these projects can generate nearly $740m in net profits (or 93 cts/sh). Maintain BUY with a target price of $2.46, pegged at a 10%-discount to RNAV.

[Aspellian]

I'm really surprised that current govt restrictions has no impact on the property developers.

The WingTai chart is nice. I learnt something today on consolidation and covering of gaps.

Initially when i look at the gap down, i was apprehensive and wonder whether that's something negative to avoid. but apparently if there's a good story and with strong wind behind your sails - the counter will still fly!!

Cheers!

[kennynah]

gaps at times cover...it's a question of when that happens...some take mins...others years...yet others, a life time..and still others, never...

[Aspellian]

but probably there's a higher chance of gaps being covered for
1) fundamentally good stocks
2) a positive catalysts (eg. property launches or perceived as luxurious developer)
3) most importantly when market in an uptrend

[millionairemind]

May 13, 2010, 5.26 pm (Singapore time)

Wing Tai reports 8% hike in Q3 earnings to $23m

By UMA SHANKARI

SINGAPORE - Wing Tai Holdings on Thursday said that net profit for the third quarter ended March 31, 2010 rose 8 per cent to $23.2 million (US$16.8 million) from $21.4 million a year ago.

Revenue for the three months climbed 67 per cent to $149.6 million from $89.6 million as the property company saw higher contributions from the development properties division as more units were sold.

Earnings per share rose to 2.98 cents from 2.74 cents.

Wing Tai said that it and launched a new development project, L'VIV in the first quarter of 2010. To date, about 80 per cent of the 110 units released have been sold. The group will continue to focus on marketing new and current residential projects and releasing more units for sale, it said.

[winston]

Not vested

Wing Tai Holdings ST: the RSI is overbought <WTHS.SI>

Click here to see our chart:
http://www.tradingcentral.com/chart/WIN ... 022816.gif

1.66 is our pivot point.

Our preference: the upside prevails as long as 1.66 is support.

Alternative scenario: below 1.66, expect 1.59 and 1.55.

Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case).

The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (standing respectively at 1.68 and 1.7).

Supports and resistances: 1.92 *1.88 **1.84 1.75 last 1.69 1.66 **1.59 *


Source: Reuters

[winston]

Not vested

WING TAI HOLDINGS - Wing Tai's July-September net profit fell 35 percent to S$30.2 million from S$46.3 million a year earlier, due mainly to a 52 percent drop in revenue to S$131 million.

Source: Reuters

[winston]

Not vested

WING TAI HOLDINGS - Property developer Wing Tai said on Monday its net profit for its second quarter ended Dec 31 rose 142 percent from a year ago to S$53.9 million ($42.1 million), boosted by higher contributions from development projects and Hong Kong-listed associate.

Source: Reuters