(23-08-2012, 10:10 PM)Temperament Wrote: [ -> ]i was against selling to the CYK's Brothers & Company, my Wing Tai Holdings are intact.
You should have sold and bought back. Can make 2 rounds.
Confirm Wing tai going to hit $1.60. JP Morgan, Nomura and Morgan Stanley buying at 1.49.
Some updates from The Edge Singapore from this week issues titled "Wing Tai Chairman's Bet on his company pays off"
1. "33% of the 140 unit Helios Residences, 11% of the 176 unit Belle Vue Residences and 16% of the 147 unit L'Viv were still unsold.
2. Company plans to relaunch 51% sold Foresque (496 units). Renovating showflat and will be completed soon, keep secret on the pricing but "will always leave something on the table"
(25-08-2012, 07:22 PM)Behappyalways Wrote: [ -> ]one of the best buy in the market now....the cash hoard and low current debt liability is interesting......
no vested interest.
NO lah, Aspial better lah!
Wing Tai Properties Limited which is 34.87% owned by Wing Tai Holdings announced their 1H result this evening. Based on the following statement in the prospect section, Wing Tai Properties should contribute positively to Wing Tai 1H FY2013 result.
"In the second half of 2012, the financial impact of the corporate exercise on Winsor will be fully reflected, including an
estimated gain on disposal of approximately
HK$240 million and accretion of shareholders’ equity of approximately
HK$630 million, subject to audit
....
Barring unforeseen circumstances,
the results for the 2012 full year are expected to be promising with the recognition
of development project earnings and increasing recurring income. With an enhanced platform and strengthened
balance sheet, we will remain vigilant against any near-term market volatility and work diligently to execute our
projects and capture expansion opportunities.
"
http://www.hkexnews.hk/listedco/listcone...828689.pdf
vested
Ive been offloading my Wing Tai shares over the past few days. Funny, the same people whom I bought from at $1 is now buying them back 1.535 +
Im still vested, but I need money to buy Heeton, Tuan Sing and Guocoleisure. :p