tag:blogger.com,1999:blog-7944902213075756335.post6911343417865632817..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): A nibble at Wing Tai Holdings Limited.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-7944902213075756335.post-51045466047606527992015-08-14T12:54:42.174+08:002015-08-14T12:54:42.174+08:00Hi Wei Xiong,
Wing Tai is trying to capitalise on...Hi Wei Xiong,<br /><br />Wing Tai is trying to capitalise on the HSR to sell some of their projects in K.L. That could help earnings in future.<br /><br />Their high end projects in Singapore will continue to face headwinds. AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-24986275854200539432015-08-14T12:43:39.886+08:002015-08-14T12:43:39.886+08:00Thanks AK for the update! I read through the annua...Thanks AK for the update! I read through the annual results, management does not seem to discuss or mention about the potential extension charges.wxhttps://www.blogger.com/profile/13331225421682542310noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-70900029625718317592015-08-13T23:27:57.866+08:002015-08-13T23:27:57.866+08:00Wing Tai Holdings reported a 41 per cent drop in f...<i>Wing Tai Holdings reported a 41 per cent drop in full-year net profit, hurt by weak sales of residential apartments. The firm is planning to close some of its retail outlets in Singapore.<br /><br />Wing Tai's net profit came in at S$150.3 million for the financial year ended June, while revenue fell 16 per cent to S$676.7 million. Wing Tai said Singapore's private residential propertyAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-11571126792618737732015-04-06T13:47:52.074+08:002015-04-06T13:47:52.074+08:00Hi Wei Xiong,
This was totally unexpected, honest...Hi Wei Xiong,<br /><br />This was totally unexpected, honestly. I have no sell price in mind at the moment.<br /><br />Maybe, I will post this on my FB wall too and see what others think. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-19248206264979495242015-04-06T13:23:53.623+08:002015-04-06T13:23:53.623+08:00burst through 2 bucks today! seems like there are ...burst through 2 bucks today! seems like there are speculations over it being privatize. any target price range in mind ak?wxhttps://www.blogger.com/profile/13331225421682542310noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-6011028015798399732014-12-12T08:11:30.346+08:002014-12-12T08:11:30.346+08:00Hi inquisit0,
They are both companies in the real...Hi inquisit0,<br /><br />They are both companies in the real estate sector but different enough. You might want to read the related post at the end of this blog for my view on this. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-9788525955495371612014-12-12T02:57:40.926+08:002014-12-12T02:57:40.926+08:00Hi AK,
Would you consider Wing Tai more attractiv...Hi AK,<br /><br />Would you consider Wing Tai more attractive than OUE which is also below NAV?inquisit0https://www.blogger.com/profile/09821520166528847761noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-54131612381808143412014-12-11T22:12:58.495+08:002014-12-11T22:12:58.495+08:00Hi PH,
Well, there are many types of properties a...Hi PH,<br /><br />Well, there are many types of properties and Wing Tai is mostly exposed to the worst type to be in now, development residential properties and the luxurious type too.<br /><br />So, I agree that things could get worse from here. 70% below NAV? Theoretically, that would mean that market prices of properties must decline by another 30% from the current level. I feel that it would AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-41043739979338754422014-12-11T22:09:23.579+08:002014-12-11T22:09:23.579+08:00Hi B,
I like to think that I am being selective. ...Hi B,<br /><br />I like to think that I am being selective. For example, I don't have a position in Ho Bee. I will need a lower price to entice me to invest in Ho Bee, for example. ;)<br /><br />I am not sure that Wing Tai will be able to pay the same level of dividends it did in recent years. Well, not unless its development properties start selling well again. So, realistically, investors AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-5478359172517342612014-12-11T20:56:27.092+08:002014-12-11T20:56:27.092+08:00Ak,
I think at this price($1,655) it is fair. But...Ak,<br /><br />I think at this price($1,655) it is fair. But because the property market is entering winter seasons. Price might have down another 10 to 20 percent...(about 70% discount to NAV should be best).....Just my thought...<br /><br />PHAnonymoushttps://www.blogger.com/profile/01697070498616198396noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85557037887169083332014-12-11T15:39:18.317+08:002014-12-11T15:39:18.317+08:00Hi AK
I see you have been nibbling into property ...Hi AK<br /><br />I see you have been nibbling into property counters recently :)<br /><br />Wingtai does have the one of the most value P/BV at the moment but with most residential play on the portfolio.<br /><br />Definitely a gem when property play bounces back. It does gives quite decent yield too isnt it??Bhttps://www.blogger.com/profile/09041255778427742477noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83078439063845007592014-12-11T13:00:14.985+08:002014-12-11T13:00:14.985+08:00Hi boonchin,
I like your questions. LOL. ;p
I th...Hi boonchin,<br /><br />I like your questions. LOL. ;p<br /><br />I think they are all lumped together in the heavily discounted section, if I remember correctly. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83315015825545897682014-12-11T12:51:47.297+08:002014-12-11T12:51:47.297+08:00Hi AK,
Like the idea, buy property and get Uniqlo...Hi AK,<br /><br />Like the idea, buy property and get Uniqlo & G2000 for free ;)<br /><br />What about its associate / subsidiary in Hong Kong and Malaysia? You paid for it or is complementary? ;)boonchin.nghttps://www.blogger.com/profile/13837327834666862796noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59215667685036027192014-12-11T12:38:39.600+08:002014-12-11T12:38:39.600+08:00Hi Gregg,
I assure you that this is really a smal...Hi Gregg,<br /><br />I assure you that this is really a small nibble for me. I am still somewhat concerned about their unsold properties and the eventual penalties they are faced with if these remain unsold.<br /><br />Getting their retail businesses for free is attractive but I have the feeling that the retail businesses will have to face their own set of problems.<br /><br />Well, all in all, IAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-35835536757066087252014-12-11T12:04:33.903+08:002014-12-11T12:04:33.903+08:00Hi AK
I am the shareholder too...haha ...but is ...Hi AK <br /><br />I am the shareholder too...haha ...but is a small peanut shareholders 钢铁侠https://www.blogger.com/profile/18317532856762536197noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-87662158583533634692014-12-11T11:57:25.733+08:002014-12-11T11:57:25.733+08:00Hi boonchin,
Aiyoh. Don't say like that lah. ...Hi boonchin,<br /><br />Aiyoh. Don't say like that lah. <br /><br />I am just trying to "wan sek" (Cantonese).<br /><br />Let us all share what we know and hope we "fatt". ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-62487803812721393072014-12-11T11:27:59.911+08:002014-12-11T11:27:59.911+08:00Hi AK,
I'm just a "penny" investor ...Hi AK,<br /><br />I'm just a "penny" investor trying to nibble here and there. Should be AK前辈 to give me some tender loving care ;)boonchin.nghttps://www.blogger.com/profile/13837327834666862796noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-40688384092140945212014-12-11T10:52:41.081+08:002014-12-11T10:52:41.081+08:00Hi boonchin,
Oh, you are already a shareholder? P...Hi boonchin,<br /><br />Oh, you are already a shareholder? Please take good care of me, senpai. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-5416897391310600942014-12-11T10:47:20.302+08:002014-12-11T10:47:20.302+08:00Hi AK,
Welcome to Wing Tai ;)Hi AK,<br /><br />Welcome to Wing Tai ;)boonchin.nghttps://www.blogger.com/profile/13837327834666862796noreply@blogger.com