Wing Tai Holdings

Insider moves

Wing Tai chairman’s wife acquires 65,000 shares in company, following previous transaction on Sept 5

Following the transaction, Chow, together with her husband, collectively have a total of 468,502,859 shares.
Wing Tai chairman’s wife acquires 70,000 shares in company, bringing couple’s combined stake to 61.51%  - THE EDGE SINGAPORE

Insider moves

Wing Tai chairman’s wife acquires 70,000 shares in company, bringing couple’s combined stake to 61.51%

Shares in Wing Tai closed at 2 cents higher or up 1.58% at $1.29 on Sept 5.

Results

Wing Tai Holdings reports FY2024 loss of $78.7 mil

Loss per share for FY2024 stood at 11.13 cents, as compared to earnings per share of 0.87 cents in FY2023.

Results

Wing Tai guides for a net loss in FY2024

Wing Tai Holdings expects a net loss for FY2024 due to fair value losses and impairment losses.

Right Timing

Developers remain pressured by weak chart patterns and fundamentals

Developers' chart patterns and fundamentals remain weak
Wing Tai chairman's wife raises stake in company, now have combined voting shares of 61.42% - THE EDGE SINGAPORE

Insider moves

Wing Tai chairman's wife raises stake in company, now have combined voting shares of 61.42%

Helen Chow first began buying Wing Tai shares on Sept 8, 2023.

Results

Wing Tai earnings down 68% y-o-y to $20.5 mil for 1HFY2024

Wing Tai recorded a 1HFY2024 revenue of $97.7 million, 63% lower y-o-y due to a lower contribution from development properties.

Company in the news

Wing Tai Holdings acquires Melbourne property for A$28 mil

The acquisition is not expected to have a material impact on Wing Tai's net asset value.
This developer’s 8% gearing ratio and 0.34x P/NAV is attractive to its chairman  - THE EDGE SINGAPORE

Property

This developer’s 8% gearing ratio and 0.34x P/NAV is attractive to its chairman

Two properties companies are trading at 0.3 and 0.34 P/NAV. Which is a better privatisation candidate?

Insider moves

OUE resumes share buybacks; Wing Tai chairman's wife actively buying

OUE bought back more than 22.4 million shares under its mandate last year
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