Wing Tai Properties Limited (HK:0369)
:0369
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Wing Tai Properties Limited
(0369)
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Rating:51Neutral
Price Target:
HK$2.00
▲(11.73% Upside)
Action:ReiteratedDate:10/25/25
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
Diversified business model
Wing Tai’s dual model—income-producing investment properties plus residential/commercial development—provides structural diversification. Recurring rental cash flows can stabilise revenue between development cycles, while project sales offer upside when market demand recovers, reducing single-channel risk.
Negative Factors
Operating cash flow weakness
Zero operating cash flow is a material structural weakness: it limits the company’s ability to self-fund development, maintain properties, pay interest or dividends, and increases reliance on external financing or asset sales. Sustained cash conversion issues threaten long-term financial stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
Wing Tai’s dual model—income-producing investment properties plus residential/commercial development—provides structural diversification. Recurring rental cash flows can stabilise revenue between development cycles, while project sales offer upside when market demand recovers, reducing single-channel risk.
Read all positive factors
Wing Tai Properties Limited (0369) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.98B
Dividend Yield4.12%
Average Volume (3M)176.91K
Price to Earnings (P/E)―
Beta (1Y)0.17
Revenue Growth-4.95%
EPS Growth-29.73%
CountryHK
Employees480
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.39
Shares Outstanding1,374,552,500
10 Day Avg. Volume195,116
30 Day Avg. Volume176,905
Financial Highlights & Ratios
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 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 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 devel...
Wing Tai Properties Limited Financial Statement Overview
Summary
Income Statement
40
Negative
Balance Sheet
55
Neutral
Cash Flow
30
Negative
| 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
Positive
1.79
Price Trends
2.20
Negative
1.96
Positive
1.79
Positive
Market Momentum
-0.03
Positive
45.75
Neutral
54.30
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 1.79 is below the 20-day moving average (MA) of 2.27, below the 50-day MA of 2.20, and above the 200-day MA of 1.79, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 45.75 is Neutral, neither overbought nor oversold. The STOCH value of 54.30 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
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$2.45B | -0.73 | -14.14% | 15.28% | -9.95% | -77.31% | |
54 Neutral | HK$3.08B | -12.96 | -1.58% | 1.16% | -9.42% | -153.41% | |
51 Neutral | HK$2.98B | -1.46 | -10.34% | 4.12% | -4.95% | -29.73% | |
| ― | HK$2.54B | -10.44 | -3.20% | 12.10% | -17.67% | 29.58% | |
51 Neutral | HK$1.77B | 140.16 | -3.74% | 6.35% | 54.72% | 59.72% | |
49 Neutral | HK$2.47B | 19.21 | 0.82% | 6.86% | -31.03% | -31.43% |
* Real Estate Sector Average
HK:0369
Wing Tai Properties Limited
2.17
0.74
51.32%
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Wing Tai Properties Limited Corporate Events
Wing Tai Properties to Sell London Berkeley Square Office for GBP26.25 Million
Jan 23, 2026
Wing Tai Properties Limited has agreed, through its indirect wholly owned subsidiary Nation Smart Limited, to sell a Grade A office property at 35 Berkeley Square in London for GBP26.25 million (about HK$273 million) to Berkeley Square (UK) Holdin...
Wing Tai Properties Grants Over 8.7 Million New Shares in Options and Awards for Staff Incentives
Jan 21, 2026
Wing Tai Properties has granted share options over 3,014,000 new shares and share awards over 5,745,500 new shares on 20 January 2026 under its 2023 share option and share award plans, respectively, as part of its ongoing incentive and remuneratio...
Wing Tai Properties Announces Leadership Transition
Dec 4, 2025
Wing Tai Properties Limited announced the retirement of Mr. Chow Wai Wai, John as the Managing Director of its Property Investment and Management Division, effective December 5, 2025. He will transition to a non-executive director role, marking a ...
Wing Tai Properties Announces Board Restructuring
Dec 4, 2025
Wing Tai Properties Limited has announced changes to its board of directors and their roles within the company’s committees, effective from December 5, 2025. These changes include appointments and role adjustments in the Audit, Remuneration,...
Wing Tai Properties Limited Announces Board Composition and Committee Roles
Dec 1, 2025
Wing Tai Properties Limited has announced the composition of its Board of Directors and their roles within various committees. The announcement outlines the positions held by executive, non-executive, and independent non-executive directors, highl...
Wing Tai Properties Secures HK$6.111 Billion Refinancing
Nov 13, 2025
Wing Tai Properties Limited announced the successful refinancing of banking facilities through a joint venture, Southwater Hong Kong Limited, securing a term loan of HK$6.111 billion. This refinancing is crucial for the company’s financial s...
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.