Wing Tai    Last:1.18   -

Wing Tai

 

Spot on. If $3.84 is breached tomorrow, then the next support (which is very firm) will be $3.50.

 

Support seems to be at $3.84.

 

Any new target set for WT from the funding instituition ?

 

Wing Tai is now trading at $4.18

 

Overshot $4 in half a mth. Now trading at $4.08, High at $4.12, Low at $4.02. This round of rally may reach $4.18

 

Coming to $4, by tomorrow ?

 

I held this for long long time, both CPF and cash and almost forgot about it.
now that property stock are like all time high, PE reaching 30-40 in some blues, Wingtai's PE is at 19, so there is no problem for me to hold for a longer time.

good luck

Wing Tai Add  Forum   Chart

19.1

0.18

0.02

30 Jun 2006

 

MACD for WT just show sign for buying 3 days ago. For the last 2 uptrends, MACD signal for buying lasted more than 10 days. Will be reaching $4 very soon.

 

Thanks Livermore... :)

Think I'll really hold this one 'forever'...

or till the property counters are losing their shine! ... :) 

 

Hi IPunter,

Yes, HOLD!

 

 

Livermore...

It's more for a 'hold it forever' stock for me... 

Since I've liked Wing Tai ever since I used to pass their factory in Tampines Road when it was a country road before it became an expressway.

In those days, Tampines Road was the best 'country road' to drive in the whole of Singapore... surely reminds one of English country roads...

 

Hi IPunter,

I still remember you bought it at $2.20 I think..........

 

TA charts are bullish for this one. Acc/Dist and Chaikin uptrending with price breaking through upper bollinger band.

 

May reach $4 in less than a month.

 

This one has been really on an uptrend for months on end already!!!... :)

 

 Business Times May 30 carried an article about WingTai, this is on SGX website, together with May 28 news below:

Wing Tai price is likely to surge further up


 

News Release


Wing Tai And Three International Partners To Invest USD 1
Billion In The People's Republic of China


Singapore 28 May 2007 ­ Wing Tai is pleased to announce that it has entered into a
strategic relationship with three international investors to create a leading real estate
development and investment platform in the People's Republic of China (PRC). The
partners are SEB Immobilien-Investment GmbH from Germany, Forum Partners from
the United States and the Eilam Group Ltd from Israel. Together with Wing Tai, the
investors will inject a total of USD 450 million equity into this new venture.

Wing Tai will be leading this consortium in identifying business opportunities and
managing the venture and its assets. This new venture is expected to invest in projects
worth approximately USD 1 billion through investment in and development of real estate
for sale or investment in PRC.

Wing Tai's venture with the 3 investors is in line with its strategy to embark on a Pan-
Asian drive to increase its overseas earnings. In an earlier move, Wing Tai has
increased its shareholding in Malaysia's DNP Holdings Berhad to 55%. Chairman of
Wing Tai Holdings Ltd, Mr Cheng Wai Keung says "Wing Tai will leverage on the brand
name of WingTai Asia, which is synonymous with premier developments, quality
products and attention to detail services. We are excited and looking forward to work
with these global players in this strategic partnership to enhance value for the respective
stakeholders."

Mr Choy-Soon Chua, Managing Director of SEB Immobilien-Investment GmbH says
"Joint venture structures with experienced market players such as Wing Tai will give
SEB optimum access to new and attractive markets and help us achieve diversification
in our investments."


Wing Tai Holdings Limited

 

What in the world happened to Wing Tai?

 

B Band tightening indicating explosive change of price, MACD going to show sign for buying within a wk.

 

 

 report from DBSV,  their 12m's TP is adjusted to 3.95


Wing Tai
Residential barometer maintains positive signals

Story: 3Q07 results are in line. Revenue and net profit growth
of 110% and 388% y-o-y respectively came from higher sales of
residential units and associates income was boosted by sale of
Vision Crest Commercial Block.
Point: With strong take-up and selling prices above
expectations for all its recent project launches, this points towards
a broad-based residential market recovery in full swing, in line
with our Overweight call on the residential sector.

Relevance: With higher ASPs from Wing Tai's recent project
launches, RNAV is raised by 5% from S$3.14 to S$3.29 and target
price accordingly raised from S$3.77 to S$3.95. We expect
progressively higher than expected selling prices for its project
launches over the next 12 months to support upward re-rating of
share price. Maintain Buy.

Results in line, boost from Vision Crest sale. 3Q07 results are in line.
Revenue and net profit growth of 110% and 388% y-o-y respectively, with
with more units sold from Draycott 8, Light@Cairnhill, Kovan Melody and
Amaryllis Ville. With the recent sale of Vision Crest Commercial Block
which has yet to TOP, 40% progressive recognition from gains of this asset
sale boosted associates income (+182% y-o-y).
Residential barometer maintains positive signal. Ytd for 3Q07, Wing Tai
has already sold about 300 residential units in Singapore compared to 200
units y-o-y, indicating further strengthening of the physical market. Mass
market projects are experiencing good take-up and higher selling prices,
with Kovan Melody having sold 70 units from its 3rd phase TOP launch
and Casa Merah 95% sold since its launch in mid April (80% sold in two
weekend sales) at average selling price of about S$670 psf, 8% above
expectations. This points towards broad based residential market recovery
is in full swing, in line with our Overweight call on the residential sector.
... and therefore, higher than expected selling prices come as no surprise
with mid-high end project Riverine by the Park quietly selling like hot
cakes. According to broker sources, this project (100% stake, 96 FH units)
at Kallang Road is already 50% sold with its soft launch despite showflat
construction still in progress. Average selling prices are above expectations
in the range of S$1,300-S$1,500 psf and we expect upside risk to persist
for Wing Tai's pipeline of projects moving forward, justifying our 20%
premium on Wing Tai's RNAV for one of the purest proxies to the
residential sector. We estimate every +5% in selling prices to impact RNAV
by +3%.
Maintaining Buy, long position in the current cycle yet to be locked in.
With higher ASPs from Wing Tai's to recent project launches, RNAV is
raised by 5% from S$3.14 to S$3.29 and target price accordingly from
S$3.77 to S$3.95. With the slew of projects by Wing Tai expected to launch
progressively, we expect positive newsflow from good take up and upside
from selling prices above expectations for its projects to support re-rating
of Wing Tai's share price for the next 12 months. Maintain Buy.