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KSH Holding Value @ $0.50 Set to Rise

shygiraffe
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23-Aug-2013 11:32

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still keeping mum about its reporting> ?

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guoyanyunyan
Supreme

22-Aug-2013 09:14

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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

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alvinngsh
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21-Aug-2013 19:58

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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:

should be announcing dividend this reporting

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shygiraffe
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21-Aug-2013 11:51

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Turn around play in the afternoon ahead of reporting?

Very under-value counter....

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eaton1977
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20-Aug-2013 11:38

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Holding on my < 1 sgd stock. Good dividend year after year

shygiraffe ( Date: 20-Aug-2013 11:22) Posted:

should be announcing dividend this reporting

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shygiraffe
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20-Aug-2013 11:22

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should be announcing dividend this reporting

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shygiraffe
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19-Aug-2013 10:51

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results this wed....

likely good.... I think can buy.. maybe 7c extra divi

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guoyanyunyan
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02-Aug-2013 08:51

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...Married Deal: Vol: 182 Value: $387,478 ie $2.129/share Prev Close: $2.130...

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guoyanyunyan
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25-Jul-2013 12:23

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SG - Wing Tai Holdings - Rebound at support suggests further recovery

By Philip Teo
Wed, 24 Jul 2013, 12:36:11 SGT

Rebound 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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tanglinboy
Elite

14-May-2013 07:18

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Yells: "hello!"

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I'm looking at Wing Tai but wary of any more property measures.

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HugoLee
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13-May-2013 23:22

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My apologies. I just read the 3Q financial report and the net asset value is $3.10! Up from $2.85. Smiley

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HugoLee
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13-May-2013 21:05

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Still not convinced? I've accumulated since it was 1.30, 1.90 etc...juicy dividends, NTA at 2.50. No brainer.

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rbgmauq
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13-May-2013 21:03

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Watch for a break of 2.32 here. Technical buying signal, six months target: 2.71. http://sgx.stoxline.com/quote.php?s=w05

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HugoLee
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13-May-2013 20:58

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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.

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tonylim
Master

07-May-2013 15:22

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Ya bought Ho Bee but missed Wing Tai.

Any chance of Ho Bee going private?

kelvinLim123 ( Date: 07-May-2013 14:06) Posted:

Wing Tai and Ho Bee slowly crawl up, no one shout here, bought only Ho Bee, 2 wks ago

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kelvinLim123
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07-May-2013 14:06

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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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HugoLee
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05-Apr-2013 21:06

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Just loaded more of WT at 1.97 based on this report:

-----------------------

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

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guoyanyunyan
Supreme

03-Apr-2013 09:33

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... 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.

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guoyanyunyan
Supreme

03-Apr-2013 09:26

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... 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...

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iPunter
Supreme

17-Mar-2013 09:15

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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... Smiley

Andrew ( Date: 08-Mar-2013 22:38) Posted:

And Banking stock too ........

srichipan ( Date: 08-Mar-2013 11:37) Posted:

If possible get out of this counter now. The threat of property cooling measures is real.

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