Wing Tai    Last:1.18    +0.01

Wing Tai

Is there any good news for wing tai? keep choing recently....

 

It's about time Wingtai hit 1.39!  Taken soooooo long!

 

 

You should ask how many times have they got it wrong:)

HugoLee      ( Date: 03-Jul-2012 17:48) Posted: xinru,  i am not a perma-bear or bull.  But after the crisis, I read analysts' reports with caution.  How many times have they got it right?  If the analysts got it right all the time, they won't need to be working right? One thing I read that I fully agree with:  " Nobody knows what is going to happen."

 

xinru,  i am not a perma-bear or bull.  But after the crisis, I read analysts' reports with caution.  How many times have they got it right?  If the analysts got it right all the time, they won't need to be working right?

One thing I read that I fully agree with:  " Nobody knows what is going to happen."

 

Sanuks, has to agree with you.

This afternoon I went with dad for a VVVIP preview, the ways the agents present themselves regarding that property is too optimism, like as if you miss this time mkt gonna chiong like crazy.  

Anyway MOD already mentioned if mkt still hot will step in liao I think it will soon come out with something.

sanuks      ( Date: 19-Jun-2012 11:04) Posted: These 3 possible fronts may trigger more cooling measures Prices for private homes bound for soft-landing, says MayBank. Barring another economic catastrophe, MayBank believes that the combination of unsold inventory build-up, buyers’ fatigue and continued policy risks still point to a soft-landing for private residential property prices, which it expects to decline by 10% over the next 18 months. Based on the figures for May, MayBank notes that there are a total of 81,561 units (including ECs) from the  confirmed projects in the pipeline, of which 19,794 units (or 24%) remain unsold. More specifically, the URA estimates that there are a total 38,000 new and unsold residential units in the pipeline already with planning approvals. " Including the 7,100 potential units from the 2H12 GLS Programme, we are looking at ~45,000 units in the pipeline, which is more than the ~37,000 new homes sold in 2010 and 2011 added together," says MayBank. In spite of the build-up of unsold stock, MayBank believes that more measures are possible. According to MayBank, the 3 possible fronts that may trigger more cooling measures are as follows: Timely reminders required. To a certain extent, the various rounds of cooling measures introduced by the government serve as timely reminders to home-buyers and investors that the global economy remains fragile and that the property market is notoriously cyclical. As previously mentioned, the 1,702 new homes (excluding ECs) sold in May is still a relatively elevated figure – annualizing that would translate to 20,400 units per year, which far exceeds any previous year sales. Cues from the Property Price Index. Secondly, the URA’s flash estimate of the Property Price Index will be announced on 2 July, and may yet surprise on the upside. This is on the back of benchmark pricings achieved by projects such as Sky Habit @ Bishan by CapitaLand, and Katong Regency at Tanjong Katong by UOL. If there is another significant rise in the index, it may trigger more measures such as even higher Loan-to-Value ratios for second and subsequent properties, or higher property tax for units deemed as investment properties. Staving off a shoebox bubble. There is unlikely to be an immediate conclusion to the ongoing debate about “shoebox” units, defined here as units smaller than 51 sqm or 550 sq ft. Clearly, the Ministry of National Development has already highlighted that it is monitoring the phenomenon of rising number of such units in the suburban areas, where demand for such units is still fairly untested. However, it may be prudent for the  government to tighten regulation on this front, by restricting the minimum size of such units, and limiting the proportion of such numbers within projects located in the suburban areas.

 

I still don't understand why people will sell at 1.39 when the NTA is 2.50?

It was the same case with Trek2000 back in 2009 when the share price was only 11c and the market capitalisation was lower than its NTA.  I bought in of course!


Can someone explain?

 

This counter waking up now?  Or the Cheng Brothers accumulating through the open market?

 

starting cheong liao? is there any good news?

 

These 3 possible fronts may trigger more cooling measures

Prices for private homes bound for soft-landing, says MayBank.

Barring another economic catastrophe, MayBank believes that the combination of unsold inventory build-up, buyers’ fatigue and continued policy risks still point to a soft-landing for private residential property prices, which it expects to decline by 10% over the next 18 months.

Based on the figures for May, MayBank notes that there are a total of 81,561 units (including ECs) from the  confirmed projects in the pipeline, of which 19,794 units (or 24%) remain unsold.

More specifically, the URA estimates that there are a total 38,000 new and unsold residential units in the pipeline already with planning approvals.

" Including the 7,100 potential units from the 2H12 GLS Programme, we are looking at ~45,000 units in the pipeline, which is more than the ~37,000 new homes sold in 2010 and 2011 added together," says MayBank.

In spite of the build-up of unsold stock, MayBank believes that more measures are possible.

According to MayBank, the 3 possible fronts that may trigger more cooling measures are as follows:

Timely reminders required. To a certain extent, the various rounds of cooling measures introduced by the government serve as timely reminders to home-buyers and investors that the global economy remains fragile and that the property market is notoriously cyclical. As previously mentioned, the 1,702 new homes (excluding ECs) sold in May is still a relatively elevated figure – annualizing that would translate to 20,400 units per year, which far exceeds any previous year sales.

Cues from the Property Price Index. Secondly, the URA’s flash estimate of the Property Price Index will be announced on 2 July, and may yet surprise on the upside. This is on the back of benchmark pricings achieved by projects such as Sky Habit @ Bishan by CapitaLand, and Katong Regency at Tanjong Katong by UOL. If there is another significant rise in the index, it may trigger more measures such as even higher Loan-to-Value ratios for second and subsequent properties, or higher property tax for units deemed as investment properties.

Staving off a shoebox bubble. There is unlikely to be an immediate conclusion to the ongoing debate about “shoebox” units, defined here as units smaller than 51 sqm or 550 sq ft. Clearly, the Ministry of National Development has already highlighted that it is monitoring the phenomenon of rising number of such units in the suburban areas, where demand for such units is still fairly untested. However, it may be prudent for the  government to tighten regulation on this front, by restricting the minimum size of such units, and limiting the proportion of such numbers within projects located in the suburban areas.

 

life goes on even if harry is not around. keep it for good.

HugoLee      ( Date: 08-Jun-2012 18:58) Posted: What happens if the current shareholders do not want to sell at S$1.39?  I mean nobody submit the forms and nobody accepted the offer by the Cheng brothers?  Life goes on right?

 

No time for me to keep.

I accepted the offer.

 

HugoLee      ( Date: 08-Jun-2012 18:58) Posted: What happens if the current shareholders do not want to sell at S$1.39?  I mean nobody submit the forms and nobody accepted the offer by the Cheng brothers?  Life goes on right?

 

@rutheone, yes, it is quite bizzare!  Why is this happening?  Still falling!

 

Vested.

 

yes if non reply life goes on.

take a closer look at their strategy: they r not buying everything from the shareholder, they just buy 15% from each shareholder (this is how i interpret). n also if they dont meet certain take up rate from shareholders the offer falls thru.....to me this is like testing the mkt response for a bigger action.

somehow i got this funny feeling, look at the share price keep falling despite an offer of 1.39. imagine if i buy many lots at 1.25 n sold 15% of my holding at 1.39. it is quite a good profit if the price were to maintain at ard 1.25 rite. if so, then how come the volume is so low, it show mkt is not confident tat the price of 1.25 will hold.....my opinion only. 

HugoLee      ( Date: 08-Jun-2012 18:58) Posted: What happens if the current shareholders do not want to sell at S$1.39?  I mean nobody submit the forms and nobody accepted the offer by the Cheng brothers?  Life goes on right?

 

What happens if the current shareholders do not want to sell at S$1.39?  I mean nobody submit the forms and nobody accepted the offer by the Cheng brothers?  Life goes on right?

 

u should have the form with u alternatively u can call up ur broker to check

kenkenken      ( Date: 29-May-2012 08:48) Posted: i received mine but there was no form to fill up. can anyone advise

 

yes u may ignore if u dont want to sell them.

 

chyn_no      ( Date: 28-May-2012 21:23) Posted: hi guys. i just recieve the offer document but got no intention or whatsoever as my vested price is higher than what they are offering. can i just throw that document away?

 

partial offer difference from privatisation (delist eventually).

1) Cheng can partial offer u at 1.39, it is up to u whether to accept or not. ofcos some still take up becos they blur blur mah. tat makes Cheng's holding % more liao, rite.

2) full privatisation, this one will need to follow certain SGX guidelines cannot anyhow offer, $1, n force everyone to sell to them.....it must be a SWEET price. so normally we turn around n look at where WT price come from in the past 1 yr or so.   if the price in past 1 yr is $100, that means there r ppl holding at $100 (depend on how many lots there). then they need to work out a sure take over price like, let say $95, imagine lar.

3) so if u r at losing end now, @1.39, then dont sell, cos i expect privatisation may occur, hence if i alone think so wat u think the rest of the wolf pack think???? so the price may go up lor....aiyo simple hor no need to see TA.   THIS IS CALLED EVENT LOR 

 

 

If the partial offer goes thru', the Cheng Brothers will have > 50% control. What is there to stop them from launching a make a general offer for Wing Tai at a lower share price than $1.39? The Brothers can do that, right?

 

Record date for entitlement is 7 June