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16-09-2013, 10:51 PM
Personally, I find WingTai undervalued at current prices. I may be severely wrong but it is just my opinion.
Comparing it with the other same industry companies, Wing Tai really stands out among them.
The problem is because of past actions such as the partial offer Mr Cheng did before. Many forum members were divided on the pros and cons, and some felt that they were given a bad deal while the others thought otherwise. Even the high dividend this year is seen as Mr Cheng paying himself more fairly instead of the simple reason that the company shares it's profit.
This makes me feel that the management is very crafty and like to play tricks which ultimately will cause all minority shareholders to lose out.
Comparing it with the other same industry companies, Wing Tai really stands out among them.
The problem is because of past actions such as the partial offer Mr Cheng did before. Many forum members were divided on the pros and cons, and some felt that they were given a bad deal while the others thought otherwise. Even the high dividend this year is seen as Mr Cheng paying himself more fairly instead of the simple reason that the company shares it's profit.
This makes me feel that the management is very crafty and like to play tricks which ultimately will cause all minority shareholders to lose out.
Patience is a virtue.