| Latest Forum Topics / Wing Tai Last:1.54 -- |
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Wing Tai
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guoyanyunyan
Supreme |
05-Feb-2013 15:31
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oh no .... that is 晴 天 霹 雳 ..  .........but ... lucky ... Undeserving of its steep discount. Despite its 59% rise in the past one year, Wing Tai still trades at 0.65x P/B and 0.5x P/RNAV. We believe that the large discounts are unjustified given Wing Tai’s strong balance sheet and its relatively low-cost landbank. Maintain BUY with a target price of SGD2.55, pegged to a 30% discount to RNAV. Source: Maybank Kim Eng Research - 05 Feb 2013
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Octavia
Supreme |
05-Feb-2013 15:15
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0558 GMT [Dow Jones] STOCK CALL: Wing Tai (W05.SG) has more negatives to come, CIMB says despite its 1H13 earnings coming in above expectations at 81% of its full-year forecast. " Wing Tai's 1H13 earnings reflect buying sentiments prior to the new property measures. We expect earnings to be frontloaded as sales and launches slow down in 2H13." If high-end demand remains weak for an extended period after the recent property measures, the launch of Wing Tai's remaining Anderson and Ardmore projects could prove difficult, CIMB says, noting units need to be disposed of two years from completion in 2013-14. The stock trades at a 23% RNAV discount, the lowest among the small-mid cap developers, it notes. " We think that weaker volumes and average selling prices are likely de-rating catalysts, with projects on the market already widening discounts offered." It cuts its target to S$1.85 from S$1.94 after lowering FY13-14 EPS forecasts, while raising FY15's on delayed sales. It keeps an Underperform call. The stock is up 2.1% at S$1.945. ([email protected]) |
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guoyanyunyan
Supreme |
05-Feb-2013 15:00
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hmmm support at $1.94 quite good ... 
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guoyanyunyan
Supreme |
05-Feb-2013 09:35
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Compare to Half Year ended 31 Dec 2011: Total Profit +162% Net Asset Value is $2.95 (Group), $1.28 (Company) |
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guoyanyunyan
Supreme |
05-Feb-2013 09:17
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not yet read the report... but so far this morning $1.915 - $1.93, manage to break above recent resistance @ $1.92, despite DOW -ve.... look like the result is GOOD. 
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skyboy69
Member |
05-Feb-2013 00:58
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results were released yesterday | ||
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srichipan
Master |
02-Feb-2013 12:56
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totally agree. Thought of selling coz more cooling measures might be coming up and i not sure if the next earnings announcement would be positive (11 feb) Still holding on coz it's undervalued and I also notice buying interest was quite decent this wekk |
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bluesky88
Member |
02-Feb-2013 12:11
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Me too! Tot of selling at 1.9x...but hold back..no want to regret when it hits $2..patience will pay of..
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guoyanyunyan
Supreme |
01-Feb-2013 16:42
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thought of selling at $1.91, but notice the buying interest at this level seem strong... think twice .. think twice .. 
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guoyanyunyan
Supreme |
01-Feb-2013 10:17
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so far, seems to have strong resistance at $1.92 
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guoyanyunyan
Supreme |
25-Jan-2013 09:29
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Wing Tai has completely shake off the effect of cooling measure (was $1.75 - $1.865 then). Now $1.89… |
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guoyanyunyan
Supreme |
23-Jan-2013 16:26
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patently waiting for Wing Tai to reach $2.00... can do it within 2~3 weeks?? now $1.88... |
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guoyanyunyan
Supreme |
18-Jan-2013 11:16
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Capitaland already closed the gap... oh Wing Tai, what are you waiting for .... use your wing, fly high soon .... |
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bluesky88
Member |
16-Jan-2013 10:28
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All property counters drop not jus WT cooling measure does affect ..but good opportunity to enter. Just my view. Good luck !
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banchinf1
Member |
15-Jan-2013 20:31
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anybody know why the price drop suddenly this two days? | ||
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cheekong22
Member |
14-Jan-2013 10:05
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e too vested in. just knee jerk. nothing much. good time to buy. i got another 50 lots |
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guoyanyunyan
Supreme |
14-Jan-2013 09:25
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make a quick decision, bought Wing Tai @ $1.80 .... think it is just a knee jerk reaction.. the cooling measure after all is a short term one ... now $1.82 ... hopeful.. |
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skyboy69
Member |
09-Jan-2013 21:47
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clearly past 1.95 | ||
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HugoLee
Member |
09-Jan-2013 17:54
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Read my earlier posts. NTA is 2.50. No brainer. | ||
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srichipan
Master |
09-Jan-2013 16:52
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okay. thanks for the advice.
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