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Wing Tai    Last:1.17    +0.03

Wing Tai

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FearValueGreed
    19-Feb-2013 21:46  
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I always love this stock but at one dollar price.

Property stock is going downhill this year follow one year of climb.. Interest rate up soon.

TA showing fatigue.
 
 
srichipan
    19-Feb-2013 19:26  
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Sorry. I can't open the link from iPhone. Btw it's on the web yesterday and today's newspaper. US Singapore SIBOR rate is going to be scrapped. They will review the rate SIBOR for singapore this coming June. Very likely the rate will
Increase meaning the interest for mortgage will increase as well. Be cautious! Anyway the rate of 1.3% currently is considered abnormal.

HugoLee      ( Date: 19-Feb-2013 18:26) Posted:



Interesting.  I heard the opposite.

  http://www.telegraph.co.uk/finance/personalfinance/borrowing/9785797/Interest-rates-will-stay-at-0.5pc-until-2017.html

 

 
 
HugoLee
    19-Feb-2013 18:26  
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Interesting.  I heard the opposite.

  http://www.telegraph.co.uk/finance/personalfinance/borrowing/9785797/Interest-rates-will-stay-at-0.5pc-until-2017.html

 
 

 
srichipan
    18-Feb-2013 23:19  
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I heard interest rate gonna increase very soon. Property market would be affected if this is true. I'm keeping clear of property stocks from now. Saw how it was affected the other time.
 
 
HugoLee
    18-Feb-2013 19:56  
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Wah Lau!  It takes an analyst to tell you that WingTai is undervalued?  Please learn to read the company's Financial Report for your own sake!

- Vested.


guoyanyunyan      ( Date: 07-Feb-2013 17:35) Posted:

UOB KAY HIAN says...

WING TAI HOLDINGS | BUY | TP: S$2.35

Reported 2QFY13 net profits of S$88.7m
Higher contributions from its Hong Kong associate.
Net asset value per share rose by 1% qoq to S$2.95.

so far TP range from $1.85 - $2.55

 
 
guoyanyunyan
    18-Feb-2013 10:06  
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finally close the gap after slightly over one month. .   .


  below $2.00, bid size is $0.005

  above $2.00,   bid size is $0.010


interesting to see the effect on price movement... 
gradient now is about +$0.20/mth.

 

 
 

 
guoyanyunyan
    07-Feb-2013 17:35  
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UOB KAY HIAN says...

WING TAI HOLDINGS | BUY | TP: S$2.35

Reported 2QFY13 net profits of S$88.7m
Higher contributions from its Hong Kong associate.
Net asset value per share rose by 1% qoq to S$2.95.

so far TP range from $1.85 - $2.55
 
 
srichipan
    05-Feb-2013 18:52  
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Haha. Indeed very cute. Interesting to see such contrastin views man. Both side has its point. Haha.
 
 
Octavia
    05-Feb-2013 17:20  
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Thank a million.You are so nice.

Wish you a huat-py 2013.Smiley 379
 
 
guoyanyunyan
    05-Feb-2013 17:03  
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Have a nice day. Good luck in your Reunion Draw and Hong Bao Draw.  Smiley
 

 
Octavia
    05-Feb-2013 15:49  
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Wahaha.You are so cute.

Have a nice day.
 
 
guoyanyunyan
    05-Feb-2013 15:31  
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oh no .... that is 晴 天 霹 雳 ..Smiley...Smiley...Smiley...

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

 

Octavia      ( Date: 05-Feb-2013 15:15) Posted:



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. (leslie.shaffer@dowjones.com)

 
 
Octavia
    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. (leslie.shaffer@dowjones.com)
 
 
guoyanyunyan
    05-Feb-2013 15:00  
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hmmm support at $1.94 quite good ...  Smiley
 
 
guoyanyunyan
    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)

last done $1.94... moving toward $2.00... 

 

 
guoyanyunyan
    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.Smiley 

skyboy69      ( Date: 05-Feb-2013 00:58) Posted:

results were released yesterday

 
 
skyboy69
    05-Feb-2013 00:58  
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results were released yesterday
 
 
srichipan
    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 
 
 
bluesky88
    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..

guoyanyunyan      ( Date: 01-Feb-2013 16:42) Posted:



thought of selling at $1.91, but notice the buying interest at this level seem strong...

think twice .. think twice .. Smiley  Smiley 

 
 
guoyanyunyan
    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 .. Smiley  Smiley 
 
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