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09-Feb-2011 12:45

Wing Tai / Wing Tai

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Just to share:

From DMG & Partner Securities : " BUY" call TP: $2.2.(refer to Mypaper).

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08-Feb-2011 17:42

Wing Tai / Wing Tai

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CIMB Technical Comment

• Prices are now trading near the lower end of its consolidation triangle. Prices

appear to be well supported around current levels.

• Both its MACD and RSI are starting to hook upwards, indicating that the

momentum is starting to build.

• Traders can opt to buy now with a stop placed below the recent swing low of

S$1.63. Closing above the triangle resistance at S$1.76 on strong volume

would suggests that a breakout run is underway. This breakout run, if it

happens, should be able to take prices higher towards S$1.95-2.05 next

Life Is Great

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01-Feb-2011 16:02

Wing Tai / Wing Tai

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Macquarie recommends BUY with Target Price of $2.03

Wing Tai Holdings

RNAV cut 5.0% on lower prices

Event

 Wing Tai reported net earnings of S$53.9m, EPS of 6.92 cents for 2Q11,

+142% YoY. We lower RNAV by 5.0% on lower expected selling prices given

the recent measures to cool the property market. However, we believe Wing

Tai’s portfolio which is skewed towards the mid-to-high end segment of the

residential market is less affected by the measures. We maintain our

Outperform recommendation with a lower target price of S$2.03 (from S$2.14

previously).

Impact

 No surprises in 3Q11 results. Net profit was 10% below our expectation of

S$60m but this was due mainly to the timing of recognition of current projects as

there were no new launches. Earnings came mainly from progressive

recognition of Helios and additional units sold at Belle Vue. Share of associates

rose 146% YoY to S$16.9m due to recognition of The Floridian and contribution

from Wing Tai Properties Limited (369 HK, HK$3.21, Not rated).

 New projects ready for launch, but demand driven. Wing Tai still has

unsold units in five existing projects. There are also two luxury-end sites at

Ardmore and the recent government land site at Petri Road for new launch

this year, also subject to buyers’ appetite for such projects.

 RNAV lowered 5.0%. We lowered average selling prices by 5.0% for Wing

Tai’s projects and consequently lowered our RNAV from S$2.67 to S$2.54.

Based on an unchanged 20% discount to RNAV, our new target price is

S$2.03.

 Opportunities for land banking. In our view, Wing Tai was disciplined in not

bidding for land sites when prices were high and secured the Petir Road

project in Oct 2010 at a good price which could give the group 20% pre-tax

margins. With gearing at a comfortable 31% as at Dec 2010, we think Wing

Tai would be selective in bidding for future land sites to augment FY123

earnings.

Earnings and target price revision

 EPS lowered 18% in FY11 and 9% in FY12 on change in profit recognition

schedule and lower prices for new projects. RNAV and target price lowered

5.0% to S$2.54 and S$2.03, respectively.

Price catalyst

 12-month price target: S$2.03 based on a RNAV methodology.

 Catalyst: Successful launch of Le Nouvel Ardmore and Petri Road projects

over the next 6-9 months.

Action and recommendation

 Wing Tai offers good value, trading at a 23% discount to book value and at a

34% discount to our RNAV. Outperform maintained

Happy New Year

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17-Jan-2011 11:18

Wing Tai / Wing Tai

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Our pivot point is at 1.76.

Our preference: short term technical rebound towards 1.76 before a new drop.

Alternative scenario: above 1.76, look for 1.83 and 1.86.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the share stands below its 20 and 50 day MA (standing respectively at 1.71 and 1.73).

Supports and resistances: 1.83 *1.76 **1.74 1.69 last 1.59 1.56 **1.52 *

// TRADING CENTRAL is a commentary service specialising in technical analysis //

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14-Jan-2011 14:05

Wing Tai / Wing Tai

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hope u get out of property fast enough.....

today all property stock drop 4-5 %

wingtai summary

1.670

1.671

1.680

1.684

1.690

163

2,811

1,776

1,035

1.697

1.700

199

1,059

113

946

1.710

TOTAL

384

4,080

1,954

2,054

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10-Jan-2011 03:20

Wing Tai / Wing Tai

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No.	Date Announced	Date Transacted	Company Name	Name	Relation	Type	Details	Quantity	Price
1	2011-01-08	2011-01-07	WING TAI HLDGS LTD	Cheng Wai Keung	Director	Buy	Open Market Purchase	3200000	1.77

// Oops !! wingtai aka crazy horse goin' to run liao !! //

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07-Jan-2011 19:47

Wing Tai / Wing Tai

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sure or not ?

1.8 meh.... all time high leh...

enghou ( Date: 07-Jan-2011 18:20) Posted:

CIMB's Technical Comment

• Prices are on the verge of breaking out of its consolidation triangle. Closing

above the triangle resistance at S$1.80 on strong volume would suggests that

a breakout run is underway. .

• Both its MACD and RSI are hooking upwards, indicating that the momentum is

with the bulls.

• Traders can opt to buy now ahead of the breakout or wait for the breakout of

S$1.80 on strong volume before getting in. A stop ought to be placed below

the swing low of S$1.69 or below S$1.63. This breakout run, if it happens,

should be able to take prices higher towards S$1.95-2.05 next.

Life Is Great

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07-Jan-2011 18:20

Wing Tai / Wing Tai

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06-Jan-2011 09:21

Wing Tai / Wing Tai

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Wing Tai Holdings Ltd
Company update - The stock to own in a high-end catch-up - by Donald Chua
(WINGT SP / WTHS.SI, OUTPERFORM - Maintained, S$1.72 - Tgt. S$2.19, Property)

Luxury properties have lagged the overall residential sector, which may prove to be the only segment with upside potential especially as foreign demand begins to stir again. With the highest exposure to prime projects under coverage (40% of GAV), we see WingTai as the stock to own in a high-end catch-up. We raise our target price from S$2.05 to S$2.19, still based on a 15% discount to RNAV (S$2.57), on higher capital values for its assets. Our FY11-13 EPS estimates have been raised by 2-8% on the same premise. WingTai trades at a 33% discount to RNAV and had underperformed the FSSTI by 24% last year. It remains our key residential pick, with potential catalysts from a turn in sentiment on the luxury market.

//by CIMB//

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30-Dec-2010 20:56

Wing Tai / Wing Tai

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down abit...but gona flap flap flap & flap!

krisluke ( Date: 28-Dec-2010 21:18) Posted:

up a bit today

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28-Dec-2010 21:18

Wing Tai / Wing Tai

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up a bit today

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28-Dec-2010 20:26

Wing Tai / Wing Tai

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flap flap flap

Smiley

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27-Dec-2010 23:24

Wing Tai / Wing Tai

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hopefully, but cannot doubt yanlord also..that baby treats me well..now other taking care for my baby..I will go back to buy back later HAHA..

krisluke ( Date: 27-Dec-2010 20:16) Posted:

crazy horse beside yanlord. this one climb faster : )

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27-Dec-2010 20:16

Wing Tai / Wing Tai

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crazy horse beside yanlord. this one climb faster : )

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27-Dec-2010 18:49

Wing Tai / Wing Tai

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flap your wings! (:

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22-Dec-2010 21:19

Wing Tai / Wing Tai

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u got it at 2.2? I got it at today's high 1.66. I cant gauge my selling px yet.

Let me try on my charting skills on tomorrow price level since it's downtrend today, if this baby goes down price level would be 1.640, 1.620, & 1.600. lets say if there is support it will goes 1.660, 1.670, 1.690. *i did not state more else will be long list

The critical support would be 1.600, and resistance at 1.690. 52weeks High 2.13, 52weeks low 1.44, NAV $2.18. The asset backing quite zai. Under my chart i dont know the highest point for wing tai because i did not purchase the historical chart, Highest est $2.8, Lowest $0.485, though not 100% accurate, now current price 1.650?

End of tomorrow it "may" reach one of the price level depends on market sentiment. *I may be wrong, dont buy nor sell base on my explaination. "Caveat Emptor"

So yar EPL, decide for urself..i quite like it when during holiday season heh check out wing tai business.

Cheers! Smiley

epliew ( Date: 22-Dec-2010 20:47) Posted:

2.2 leh... abit high...

what is your target selling price....

iknownothing ( Date: 22-Dec-2010 19:56) Posted:

bro...check out tomorrow man, i have faith in this..eye for quite abit.

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22-Dec-2010 20:47

Wing Tai / Wing Tai

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2.2 leh... abit high...

what is your target selling price....

iknownothing ( Date: 22-Dec-2010 19:56) Posted:

bro...check out tomorrow man, i have faith in this..eye for quite abit..

epliew ( Date: 22-Dec-2010 19:54) Posted:

from 1.7x to 1.65/////

now you think he can goes to 2.x

capitalland is only 3.6x.

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22-Dec-2010 19:56

Wing Tai / Wing Tai

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bro...check out tomorrow man, i have faith in this..eye for quite abit..

epliew ( Date: 22-Dec-2010 19:54) Posted:

from 1.7x to 1.65/////

now you think he can goes to 2.x

capitalland is only 3.6x.

iknownothing ( Date: 22-Dec-2010 19:39) Posted:

Ok i am here to cheer on for Wing Tai! will it fly?

Cheers!

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22-Dec-2010 19:54

Wing Tai / Wing Tai

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from 1.7x to 1.65/////

now you think he can goes to 2.x

capitalland is only 3.6x.

iknownothing ( Date: 22-Dec-2010 19:39) Posted:

Ok i am here to cheer on for Wing Tai! will it fly?

Cheers!

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22-Dec-2010 19:39

Wing Tai / Wing Tai

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Ok i am here to cheer on for Wing Tai! will it fly?

Cheers!

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