Wing Tai Properties Limited (0369) AI Stock Analysis

• Market Cap: €2.32B
• Dividend Yield: 4.27%
• Average Volume (3M): 176.91K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.17
• Revenue Growth: -4.95%
• EPS Growth: -29.73%
• Country: HK
• Employees: 480
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): -0.87
• Shares Outstanding: 1,366,512,800
• 10 Day Avg. Volume: 195,116
• 30 Day Avg. Volume: 176,905
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.11
• Price to Sales (P/S): 2.49
• P/FCF Ratio: -10.42
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €2.44
• Price Target Upside: 48.77% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 51 Neutral
• Price Target: HK$1.50 ▼(-8.54% Downside)

The stock score is primarily influenced by financial performance challenges, including ongoing losses and negative cash flow trends. Technical analysis provides some positive signals, but valuation concerns due to a negative P/E ratio offset these. The dividend yield offers slight support.

Positive Factors

Stable Balance Sheet

A stable balance sheet with a manageable debt-to-equity ratio indicates financial resilience, providing a solid foundation for future growth and investment opportunities.

Revenue Growth Potential

The recent revenue growth suggests potential recovery and market demand, which could lead to improved financial performance if sustained over the coming periods.

Equity Financing

High equity financing reduces financial risk and interest obligations, allowing the company to focus on strategic investments and long-term growth initiatives.

Negative Factors

Negative Cash Flow

Zero operating cash flow indicates challenges in converting revenue into cash, which can hinder the company's ability to fund operations and growth without external financing.

Declining Profit Margins

The decline in profit margins reflects increased cost pressures or pricing challenges, which could impact profitability if not addressed through cost management or pricing strategies.

Persistent Net Losses

Continued net losses indicate that the company is struggling to achieve profitability, which may necessitate strategic changes or cost-cutting measures to improve financial health.

Wing Tai Properties Limited Business Overview & Revenue Model

Company Description

Wing Tai Properties Limited is a Hong Kong-based property investment and development company. Established in 1991, it primarily focuses on the residential, commercial, and retail property sectors. The company is engaged in the development, sale, and leasing of properties, as well as property management services. Wing Tai operates both in Hong Kong and mainland China, leveraging its expertise in real estate to create high-quality living and working environments.

How the Company Makes Money

Wing Tai Properties Limited generates revenue primarily through the sale of developed residential units, leasing of commercial and retail properties, and property management services. The company earns significant income from its residential developments, where it sells units to homebuyers. Additionally, it has a portfolio of commercial properties, including office spaces and shopping centers, which provide a steady stream of rental income. The company may also engage in joint ventures or strategic partnerships with other developers and investors to enhance its project pipeline and share resources, contributing to its overall profitability. Fluctuations in property market conditions, government regulations, and economic factors in its operating regions are critical factors that influence its revenue streams.

Wing Tai Properties Limited Financial Statement Overview

Summary

The company has faced significant financial challenges, with declining revenues and persistent net losses. The gross profit margin decreased significantly, and the net profit margin remains negative. Although there was a slight revenue growth, cash flow performance is concerning with zero operating cash flow in 2024. The balance sheet is relatively stable with a manageable debt-to-equity ratio, but overall financial health is weak due to negative cash flow trends.

Income Statement

The company has faced significant challenges in recent years, with declining revenues and persistent net losses. The gross profit margin decreased from 77.1% in 2023 to 61.6% in 2024, indicating pressure on core profitability. The net profit margin is negative, reflecting ongoing losses. Additionally, EBIT and EBITDA margins have deteriorated, highlighting operational inefficiencies. However, there was a slight revenue growth of 16.8% from 2023 to 2024, indicating some recovery potential.

Balance Sheet

The balance sheet shows a stable equity base with a debt-to-equity ratio of 0.29 in 2024, which is manageable. The company's equity ratio is 74.8%, indicating a strong reliance on equity financing. However, the company has experienced a decline in total assets over recent years, and return on equity is negative due to losses, signaling inefficiencies in asset utilization and profitability.

Cash Flow

Cash flow performance has been inconsistent, with operating cash flow dropping to zero in 2024. The company has struggled to convert its net income into cash, evidenced by a lack of free cash flow growth. The operating cash flow to net income and free cash flow to net income ratios are not meaningful due to zero or negative cash flow and net income figures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	912.80M	1.03B	882.40M	4.11B	3.42B	2.79B
Gross Profit	410.10M	635.20M	680.70M	1.57B	1.34B	1.00B
EBITDA	388.95M	-526.80M	-560.20M	986.50M	892.50M	-441.10M
Net Income	-2.34B	-2.49B	-824.60M	-475.70M	919.90M	-610.60M
Balance Sheet
Total Assets	29.94B	31.09B	33.99B	35.50B	38.74B	37.25B
Cash, Cash Equivalents and Short-Term Investments	3.25B	2.87B	3.22B	2.43B	1.81B	1.74B
Total Debt	6.84B	6.83B	6.81B	6.73B	6.80B	4.38B
Total Liabilities	7.81B	7.76B	7.89B	8.17B	10.57B	9.60B
Stockholders Equity	22.08B	23.24B	25.93B	27.18B	26.65B	26.13B
Cash Flow
Free Cash Flow	-412.20M	-246.10M	506.40M	501.80M	-1.40B	2.69B
Operating Cash Flow	-399.90M	-234.00M	512.10M	507.80M	-1.40B	2.70B
Investing Cash Flow	1.11B	567.20M	72.40M	-439.20M	-125.70M	-2.17B
Financing Cash Flow	-204.80M	-179.00M	-355.90M	-420.80M	1.98B	-712.30M

Wing Tai Properties Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.64
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0369, the sentiment is Positive. The current price of 1.64 is above the 20-day moving average (MA) of 1.62, above the 50-day MA of 1.62, and above the 200-day MA of 1.56, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 51.92 is Neutral, neither overbought nor oversold. The STOCH value of 63.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0369.

Wing Tai Properties Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	―	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
0026	―	HK$2.65B	-14.39	-2.63%	12.09%	-17.67%	29.58%
0051	―	HK$3.00B	―	-1.83%	1.18%	-9.42%	-153.41%
0369	―	€2.32B	-0.96	-11.42%	4.27%	-4.95%	-29.73%
0035	―	$2.32B	-1.73	-11.87%	14.47%	-6.91%	-624.40%
0194	―	HK$1.65B	―	-3.74%	6.44%	54.72%	59.72%
0088	―	HK$1.96B	31.27	0.98%	7.52%	-56.63%	-16.16%

Wing Tai Properties Limited Corporate Events

Wing Tai Properties Declares Interim Dividend for 2025

Wing Tai Properties Limited announced an interim dividend of HKD 0.03 per share for the six months ending June 30, 2025. The dividend will be paid on October 6, 2025, with a record date of September 11, 2025. This announcement reflects the company’s financial strategy and commitment to returning value to its shareholders, potentially impacting its market position and investor relations positively.

The most recent analyst rating on (HK:0369) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Wing Tai Properties Limited stock, see the HK:0369 Stock Forecast page.

Wing Tai Properties Reports Interim Results Amid Market Challenges

Wing Tai Properties Limited announced its interim results for the first half of 2025, reporting a core consolidated profit of HK$108 million, driven by a gain from the disposal of a London property and reduced finance costs. Despite a challenging property market in Hong Kong, the company achieved positive results in residential pre-sales and maintained stable occupancy rates in its office properties. The company is also progressing with its ‘Central Crossing’ development, a mixed-use project in Hong Kong, expected to complete in mid-2026, and continues to leverage government initiatives to boost hotel occupancy.

The most recent analyst rating on (HK:0369) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Wing Tai Properties Limited stock, see the HK:0369 Stock Forecast page.

Wing Tai Properties Enhances Board Governance with Nomination Committee

Wing Tai Properties Limited has outlined the functions and objectives of its Nomination Committee, which was established to comply with Hong Kong Stock Exchange listing rules and to aid in board diversity and succession planning. The committee, comprising a majority of independent non-executive directors, is responsible for nominating and recommending board appointments, ensuring a diverse and effective board composition, which is crucial for the company’s governance and strategic direction.

The most recent analyst rating on (HK:0369) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Wing Tai Properties Limited stock, see the HK:0369 Stock Forecast page.

Wing Tai Properties Schedules Board Meeting for Interim Results

Wing Tai Properties Limited has announced that its board of directors will meet on August 21, 2025, to approve the interim results for the first half of the year ending June 30, 2025. The meeting will also consider the declaration of an interim dividend, which could impact the company’s financial outlook and shareholder returns.

The most recent analyst rating on (HK:0369) stock is a Buy with a HK$2.45 price target. To see the full list of analyst forecasts on Wing Tai Properties Limited stock, see the HK:0369 Stock Forecast page.