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Wing Tai Holdings Limited (SG:W05)
SGX:W05
Singapore Market

Wing Tai Holdings Limited (W05) AI Stock Analysis

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Wing Tai Holdings Limited

(SGX:W05)

Rating:51Neutral
Price Target:
Wing Tai Holdings Limited's overall score reflects significant financial and operational challenges. The company's declining revenues and net losses weigh heavily on its financial performance score. Technical analysis provides mixed signals with potential bearish momentum, while valuation is impacted by negative earnings. Despite these challenges, a stable balance sheet and moderate leverage are positives, but cash flow issues remain a concern.

Wing Tai Holdings Limited (W05) vs. iShares MSCI Singapore ETF (EWS)

Wing Tai Holdings Limited Business Overview & Revenue Model

Company DescriptionWing Tai Holdings Limited, an investment holding company, engages in the property investment and development, lifestyle retail, and hospitality management businesses in Singapore, Malaysia, Australia, Japan, and the People's Republic of China. The company operates through Development Properties, Investment Properties, Retail, and other segments. The company develops and sells residential and commercial properties; and invests in and manages serviced residences under the Lanson Place brand name, as well as manages a boutique hotel in Hong Kong. It is also involved in the retail of garments; the provision of IT consultancy, e-commerce consultancy and support services, consultancy and advisory services; and project management and property maintenance activities, as well as development of e-commerce applications. The company was founded in 1955 and is headquartered in Singapore.
How the Company Makes MoneyWing Tai Holdings Limited generates its revenue through several key streams. The primary source of income is from the development and sale of residential and commercial properties, where the company leverages its expertise in real estate to create high-quality developments that appeal to various market segments. Additionally, the company earns recurring income from its investment properties, which include office spaces, retail malls, and hospitality properties. These assets provide a steady stream of rental income and contribute to the company's financial stability. Wing Tai Holdings also partners with other real estate firms and investors to co-develop properties, which can enhance its revenue through shared investments and reduced risks. Furthermore, the company benefits from its strategic investments in hospitality, where it earns income through the management and operation of hotels and serviced residences.

Wing Tai Holdings Limited Financial Statement Overview

Summary
Wing Tai Holdings Limited is facing financial challenges, with declining revenues and significant net losses impacting profitability. The balance sheet remains stable with a strong equity position and moderate leverage, but cash flow issues present liquidity concerns. Overall, financial performance is below average due to these profitability and cash flow challenges.
Income Statement
45
Neutral
The TTM data shows a decline in revenue and profitability. Gross profit margin is approximately 51.5%, indicating solid profitability at the operational level. However, the net profit margin is negative due to significant net losses, reflecting underlying challenges. Revenue has decreased compared to previous periods, showing a negative growth trajectory. The EBIT and EBITDA margins are also modest, indicating profitability challenges.
Balance Sheet
62
Positive
The balance sheet shows a strong equity position with an equity ratio of about 69.7%, indicating financial stability. However, the debt-to-equity ratio is approximately 0.36, reflecting a moderate level of leverage. Return on equity is negative in the TTM period due to net losses, which is a concern for profitability.
Cash Flow
50
Neutral
The cash flow statement reflects challenges with negative operating and free cash flows in the TTM period. The free cash flow has decreased significantly compared to prior periods. The operating cash flow to net income ratio is negative due to significant losses, indicating cash flow issues. However, past periods showed positive cash flow generation.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
184.15M169.17M476.27M514.59M461.40M371.03M
Gross Profit
94.80M98.48M142.49M164.57M171.09M180.27M
EBIT
17.06M22.54M22.50M62.26M69.64M44.97M
EBITDA
10.91M-25.94M36.56M79.28M100.91M70.57M
Net Income Common Stockholders
-89.09M-78.69M6.59M140.16M43.57M15.97M
Balance SheetCash, Cash Equivalents and Short-Term Investments
412.81M605.90M402.09M479.02M728.06M605.48M
Total Assets
4.27B3.99B4.15B4.26B4.49B4.65B
Total Debt
691.74M810.42M828.75M599.87M734.35M805.23M
Net Debt
278.93M204.53M426.66M120.85M6.29M199.75M
Total Liabilities
815.34M957.03M946.19M750.79M937.09M1.07B
Stockholders Equity
3.38B2.97B3.14B3.43B3.48B3.51B
Cash FlowFree Cash Flow
-411.86M334.88M-170.38M91.68M145.71M274.22M
Operating Cash Flow
-407.86M339.85M-165.54M97.53M149.50M277.27M
Investing Cash Flow
44.31M-8.56M34.57M25.86M154.62M50.82M
Financing Cash Flow
97.34M-104.81M29.51M-380.17M-138.31M58.75M

Wing Tai Holdings Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.25
Price Trends
50DMA
1.17
Positive
100DMA
1.19
Positive
200DMA
1.24
Positive
Market Momentum
MACD
0.02
Negative
RSI
64.56
Neutral
STOCH
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:W05, the sentiment is Positive. The current price of 1.25 is above the 20-day moving average (MA) of 1.22, above the 50-day MA of 1.17, and above the 200-day MA of 1.24, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 64.56 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:W05.

Wing Tai Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$2.83B10.920.41%8438.90%5.75%-21.03%
SGW05
51
Neutral
S$951.05M-3.05%2.40%-41.20%-154.51%
$2.61B34.692.02%6.23%
$4.38B34.382.74%6.43%
$56.83B10.1113.78%5.03%
$2.58B30.201.86%5.31%
$4.01B14.933.19%2.87%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SG:W05
Wing Tai Holdings Limited
1.27
-0.13
-9.29%
KREVF
Keppel REIT
0.67
0.07
11.67%
MAPGF
Mapletree Logistics
0.94
0.02
2.17%
OVCHF
OCBC
12.65
2.82
28.69%
SURVF
Suntec Real Estate Investment
0.87
0.12
16.00%
UOLGF
UOL Group
4.74
0.90
23.44%

Wing Tai Holdings Limited Corporate Events

Wing Tai Properties Issues Profit Warning for 2024
Mar 17, 2025

Wing Tai Properties Limited has issued a profit warning, indicating a significant estimated loss of approximately HK$2,600 million for the year ending December 31, 2024, compared to a loss of HK$890.4 million in 2023. This anticipated loss is primarily due to adverse changes in the fair value of investment properties and financial instruments, as well as impairment provisions for properties under development. Despite these non-cash losses, the company’s overall financial, business, and trading positions remain healthy, with no impact on operating cash flow.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.