Wing Tai Properties Limited (HK:0369)
:0369
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Wing Tai Properties Limited
(0369)
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Rating:49Neutral
Price Target:
HK$0.22
▼(-87.54% Downside)
Action:Reiterated
Date:04/30/26
The score is primarily held back by weak financial performance—recurring losses and recently negative operating/free cash flow—despite a comparatively manageable leverage profile. Technical signals are mildly negative (negative MACD), while valuation is partially supported by the dividend yield but constrained by a negative P/E tied to unprofitability.
Positive Factors
Manageable leverage and sizable equity base
A low-to-moderate debt profile and sizable equity provide structural financial flexibility. Over 2–6 months this supports the company’s ability to fund development timing mismatches, withstand market softness, access financing on reasonable terms, and avoid forced asset sales during cyclical downturns.
Negative Factors
Persistent net losses and weak profitability
Multi-year net losses erode retained earnings and indicate that assets and projects have not produced sustainable returns. Persistently weak profitability limits reinvestment, dividend capacity and covenant headroom, and increases the risk that management must restructure operations or alter strategy to restore shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage and sizable equity base
A low-to-moderate debt profile and sizable equity provide structural financial flexibility. Over 2–6 months this supports the company’s ability to fund development timing mismatches, withstand market softness, access financing on reasonable terms, and avoid forced asset sales during cyclical downturns.
Read all positive factors
Wing Tai Properties Limited (0369) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.97B
Dividend Yield4.12%
Average Volume (3M)176.91K
Price to Earnings (P/E)―
Beta (1Y)0.18
Revenue Growth-4.76%
EPS Growth33.39%
CountryHK
Employees480
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-1.26
Shares Outstanding1,374,552,500
10 Day Avg. Volume195,116
30 Day Avg. Volume176,905
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.11
Price to Sales (P/S)2.37
P/FCF Ratio-8.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$2.64Price Target Upside47.49% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.1
Revenue Forecast (FY)HK$664.00M
Wing Tai Properties Limited Business Overview & Revenue Model
Company Description
Wing Tai Properties Limited, an investment holding company, invests in, develops, and manages properties in Hong Kong, the United Kingdom, the People's Republic of China, Singapore, and internationally. It operates through Property Development, Pr...
How the Company Makes Money
Wing Tai Properties generally makes money through two main real-estate driven revenue streams: (1) Recurring income from investment properties: The company owns/holds completed properties (e.g., retail, office, or other income-producing assets) an...
Wing Tai Properties Limited Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
63
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 968.80M | 1.03B | 882.40M | 4.11B | 3.42B |
| Gross Profit | 513.90M | 635.20M | 680.70M | 1.57B | 1.34B |
| EBITDA | 176.50M | -526.80M | -560.20M | 986.50M | 892.50M |
| Net Income | -1.65B | -2.49B | -824.60M | -475.70M | 919.90M |
Balance Sheet | |||||
| Total Assets | 29.68B | 31.09B | 33.99B | 35.50B | 38.74B |
| Cash, Cash Equivalents and Short-Term Investments | 2.81B | 2.87B | 3.22B | 2.43B | 1.81B |
| Total Debt | 8.59B | 6.83B | 6.81B | 6.73B | 6.80B |
| Total Liabilities | 9.63B | 7.76B | 7.89B | 8.17B | 10.57B |
| Stockholders Equity | 20.02B | 23.24B | 25.93B | 27.18B | 26.65B |
Cash Flow | |||||
| Free Cash Flow | -258.00M | -246.10M | 506.40M | 501.80M | -1.40B |
| Operating Cash Flow | -256.80M | -234.00M | 512.10M | 507.80M | -1.40B |
| Investing Cash Flow | 474.00M | 567.20M | 72.40M | -439.20M | -125.70M |
| Financing Cash Flow | 33.90M | -179.00M | -355.90M | -420.80M | 1.98B |
Wing Tai Properties Limited Technical Analysis
Negative
1.79
Price Trends
2.23
Negative
2.11
Positive
1.88
Positive
Market Momentum
0.01
Positive
41.00
Neutral
62.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0369, the sentiment is Negative. The current price of 1.79 is below the 20-day moving average (MA) of 2.22, below the 50-day MA of 2.23, and below the 200-day MA of 1.88, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 41.00 is Neutral, neither overbought nor oversold. The STOCH value of 62.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0369.
Wing Tai Properties Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
54 Neutral | HK$2.29B | -0.60 | -11.72% | 15.28% | -9.95% | -77.31% | |
54 Neutral | HK$3.40B | -12.96 | -1.58% | 1.16% | -0.66% | -234.11% | |
49 Neutral | HK$2.97B | -1.40 | -7.82% | 4.12% | -4.76% | 33.39% | |
| ― | HK$2.63B | -10.44 | -3.20% | 12.10% | -26.96% | -58.92% | |
49 Neutral | HK$2.41B | 19.21 | 0.82% | 6.86% | -31.03% | -31.43% | |
49 Neutral | HK$1.76B | -92.92 | 0.11% | 6.35% | 12.71% | ― |
* Real Estate Sector Average
HK:0369
Wing Tai Properties Limited
2.16
0.70
47.74%
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-18.48%
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58.20
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10.72%
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Liu Chong Hing Investment Limited
4.66
0.80
20.73%
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HK:0088
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35.42%
Wing Tai Properties Limited Corporate Events
Wing Tai Properties Sets 2026 AGM to Approve Dividend, Board Mandates and Fee Adjustments
Apr 24, 2026
Wing Tai Properties Limited has called its annual general meeting for 28 May 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and vote on a proposed final dividend of HK4.0 cent...
Wing Tai Properties Lifts Core Profit, Maintains Dividend Amid Valuation Hit and Project Push
Mar 27, 2026
Wing Tai Properties navigated a difficult 2025 marked by global uncertainty and a weak Hong Kong office market, posting a core profit attributable to shareholders of HK$126 million, up from HK$92 million, driven by a London office disposal gain an...
Wing Tai Properties Declares HK$0.04 Final Dividend for 2025
Mar 27, 2026
Wing Tai Properties Limited has declared a final ordinary dividend of HKD 0.04 per share for the financial year ended 31 December 2025, reflecting its decision to return cash to shareholders. The dividend is subject to shareholder approval at the ...
Wing Tai Properties Sets March Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 12, 2026
Wing Tai Properties Limited has scheduled a board meeting for 27 March 2026 to review and approve the group’s annual results for the year ended 31 December 2025 and to authorize their publication. The board will also consider whether to reco...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.