Highlights

SGX Stocks and Warrants

Author: kimeng   |   Latest post: Thu, 19 Sep 2019, 10:23 AM

 

Wing Tai Holdings Ltd: Weak set of results

Author:   |    Publish date:


Wing Tai’s 4QFY19 revenue fell 41% YoY to S$63.4m, dragged by lower contributions from development properties (-24.1% YoY). FY19 revenue fell 10% YoY to S$322.6m. 4QFY19 PATMI declined 86% YoY to S$18.1m, while FY19 PATMI fell 79% YoY to S$46.8. The latter formed 87% of our initial full year forecast, which we considered to be below our expectations.

The decrease in PATMI was mainly attributable to the absence of one-off gain on the disposal of a subsidiary company and also due to lower contribution from Wing Tai Properties Limited in Hong Kong. A full-year dividend of 8 cents per share was declared, unchanged from last year.

We currently place our BUY rating and fair value estimate of S$2.41 under review.

Source: OCBC Research - 28 Aug 2019

Share this
Labels: Wing Tai

Related Stocks

Chart Stock Name Last Change Volume 
Wing Tai 2.04 -0.01 (0.49%) 146 

  Be the first to like this.
 


 

75  98  159  771 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 Rex Intl 0.0820.00 
 Singapore-eDev 0.052+0.007 
 Spackman 0.014+0.001 
 Alpha Energy 0.031+0.003 
 TEE Intl 0.048+0.001 
 Synagie 0.142+0.004 
 SunMoonFood 0.06+0.001 
 RHT HealthTrust 0.0180.00 
 Genting Sing 0.92+0.01 
 YZJ Shipbldg SGD 0.985+0.015 

TOP ARTICLES

1. Phillip Capital Morning Note - 14 Oct 2019 Trader Hub
2. Straits Times Index - [ Upside Coming? Levels We're Looking At] Singapore Humble Stock
3. GuocoLand launches Midtown Bay on Oct 5 PropertyInvestment
4. ATFX Market Update - 2019.10.14 ATFX News Update_Martin
5. Gathering of Financial Bloggers 2019 A Path to Forever Financial Freedom
Partners & Brokers