Reported Earnings • Feb 11
First half 2026 earnings released: EPS: S$0.053 (vs S$0.013 in 1H 2025) First half 2026 results: EPS: S$0.053 (up from S$0.013 in 1H 2025). Revenue: S$270.2m (up 140% from 1H 2025). Net income: S$40.3m (up 300% from 1H 2025). Profit margin: 15% (up from 9.0% in 1H 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Oct 23
Upcoming dividend of S$0.03 per share Eligible shareholders must have bought the stock before 30 October 2025. Payment date: 17 November 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Singaporean dividend payers (5.3%). Lower than average of industry peers (3.3%). New Risk • Oct 17
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 46% per year over the past 5 years. Declared Dividend • Oct 03
Dividend of S$0.03 announced Dividend of S$0.03 is the same as last year. Ex-date: 30th October 2025 Payment date: 17th November 2025 Dividend yield will be 2.1%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Oct 01
Wing Tai Holdings Limited, Annual General Meeting, Oct 23, 2025 Wing Tai Holdings Limited, Annual General Meeting, Oct 23, 2025, at 11:00 Singapore Standard Time. Location: stephen riady auditorium @ ntuc, ntuc centre, level 7, one marina boulevard, singapore 018989, Singapore Reported Earnings • Aug 27
Full year 2025 earnings released: S$0.08 loss per share (vs S$0.11 loss in FY 2024) Full year 2025 results: S$0.08 loss per share (improved from S$0.11 loss in FY 2024). Revenue: S$230.2m (up 36% from FY 2024). Net loss: S$61.0m (loss narrowed 23% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Announcement • Aug 13
Wing Tai Holdings Limited to Report Fiscal Year 2025 Results on Aug 26, 2025 Wing Tai Holdings Limited announced that they will report fiscal year 2025 results on Aug 26, 2025 Reported Earnings • Feb 12
First half 2025 earnings released: EPS: S$0.013 (vs S$0.023 in 1H 2024) First half 2025 results: EPS: S$0.013 (down from S$0.023 in 1H 2024). Revenue: S$112.7m (up 15% from 1H 2024). Net income: S$10.1m (down 51% from 1H 2024). Profit margin: 9.0% (down from 21% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Announcement • Oct 22
Wing Tai Holdings Limited Approves First and Final Tax-Exempt (One-Tier) Dividend for the Fiscal Year 2024 Wing Tai Holdings Limited at its AGM held on 22 October 2024, approved First and Final Tax-exempt (one-tier) Dividend of 3.0 cents per share for the fiscal year 2024. Upcoming Dividend • Oct 22
Upcoming dividend of S$0.03 per share Eligible shareholders must have bought the stock before 29 October 2024. Payment date: 15 November 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Singaporean dividend payers (5.9%). Lower than average of industry peers (3.9%). Reported Earnings • Oct 04
Full year 2024 earnings released: S$0.11 loss per share (vs S$0.009 profit in FY 2023) Full year 2024 results: S$0.11 loss per share (down from S$0.009 profit in FY 2023). Revenue: S$169.2m (down 65% from FY 2023). Net loss: S$84.7m (down S$91.3m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Declared Dividend • Oct 02
Dividend of S$0.03 announced Shareholders will receive a dividend of S$0.03. Ex-date: 29th October 2024 Payment date: 15th November 2024 Dividend yield will be 2.2%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (7% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Aug 28
Full year 2024 earnings released: S$0.11 loss per share (vs S$0.009 profit in FY 2023) Full year 2024 results: S$0.11 loss per share (down from S$0.009 profit in FY 2023). Revenue: S$169.2m (down 65% from FY 2023). Net loss: S$78.7m (down S$85.3m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Announcement • Aug 06
Wing Tai Holdings Limited to Report Fiscal Year 2024 Results on Aug 27, 2024 Wing Tai Holdings Limited announced that they will report fiscal year 2024 results on Aug 27, 2024 Reported Earnings • Feb 08
First half 2024 earnings released: EPS: S$0.023 (vs S$0.079 in 1H 2023) First half 2024 results: EPS: S$0.023 (down from S$0.079 in 1H 2023). Revenue: S$97.7m (down 63% from 1H 2023). Net income: S$17.1m (down 72% from 1H 2023). Profit margin: 18% (down from 23% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year. Announcement • Dec 28
Wing Tai Holdings Limited Announces Committee Appointments, Effective 1 January 2024 Wing Tai Holdings Limited announced that Guy Daniel Harvey-Samuel appointed as Member of Audit & Risk Committee and Kwa Kim Li as Chairman of Nominating Committee, effective 1 January 2024. the changes to the composition of the following Board committees with effect from 1 January 2024:- Audit & Risk Committee: Eric Ang Teik Lim, (Chairman); Sim Beng Mei Mildred (Mildred Tan), Member and Guy Daniel Harvey-Samuel, Member. Nominating Committee: Kwa Kim Li, (Chairman); Eric Ang Teik Lim, Member and Cheng Wai Keung, Member. Upcoming Dividend • Oct 24
Upcoming dividend of S$0.05 per share at 3.5% yield Eligible shareholders must have bought the stock before 31 October 2023. Payment date: 16 November 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.5%. Lower than top quartile of Singaporean dividend payers (6.8%). Lower than average of industry peers (4.1%). Announcement • Sep 29
Wing Tai Holdings Limited, Annual General Meeting, Oct 23, 2023 Wing Tai Holdings Limited, Annual General Meeting, Oct 23, 2023, at 09:30 Singapore Standard Time. Location: Stephen Riady Auditorium @ NTUC NTUC Centre, Level 7 One Marina Boulevard Singapore Agenda: To consider adoption of Directors' Statement and Audited Financial Statements; to consider declaration of First and Final Tax-exempt one-tier Dividend; to consider declaration of Special Tax-exempt one-tier Dividend; to consider approval of Directors' fees; to consider re-election of directors; to consider re-appointment of PricewaterhouseCoopers LLP as auditors; to consider authority for Directors to allot and issue shares and convertible securities; to consider authority for Directors to grant awards, and to allot and issue shares, pursuant to the Performance Share Plan 2018 and the Restricted Share Plan 2018; and to consider renewal of Share Purchase Mandate. New Risk • Aug 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 84% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 345% Paying a dividend despite having no free cash flows. Earnings have declined by 22% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). New Risk • Aug 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Paying a dividend despite having no free cash flows. Announcement • Aug 05
Wing Tai Holdings Limited to Report Fiscal Year 2023 Results on Aug 25, 2023 Wing Tai Holdings Limited announced that they will report fiscal year 2023 results on Aug 25, 2023 Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Kim Li Kwa was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 10
First half 2023 earnings released: EPS: S$0.079 (vs S$0.062 in 1H 2022) First half 2023 results: EPS: S$0.079 (up from S$0.062 in 1H 2022). Revenue: S$260.8m (down 15% from 1H 2022). Net income: S$59.9m (up 27% from 1H 2022). Profit margin: 23% (up from 15% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 36% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Singapore are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 16
Price target decreased to S$2.05 Down from S$2.26, the current price target is provided by 1 analyst. New target price is 33% above last closing price of S$1.54. Stock is down 18% over the past year. The company is forecast to post earnings per share of S$0.081 for next year compared to S$0.17 last year. Upcoming Dividend • Oct 27
Upcoming dividend of S$0.06 per share Eligible shareholders must have bought the stock before 03 November 2022. Payment date: 18 November 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Singaporean dividend payers (6.9%). In line with average of industry peers (3.8%). Reported Earnings • Oct 05
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: S$0.17 (up from S$0.04 in FY 2021). Revenue: S$514.6m (up 12% from FY 2021). Net income: S$127.4m (up 315% from FY 2021). Profit margin: 25% (up from 6.7% in FY 2021). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 9.0%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is expected to decline by 30% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Singapore are expected to grow by 3.6%. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Oct 04
Wing Tai Holdings Limited, Annual General Meeting, Oct 26, 2022 Wing Tai Holdings Limited, Annual General Meeting, Oct 26, 2022, at 11:00 Singapore Standard Time. Location: Stephen Riady Auditorium @ NTUC, NTUC Centre Level 7, One Marina Boulevard Singapore Singapore Agenda: To receive and adopt the Directors’ Statement and Audited Financial Statements for the financial year ended 30 June 2022 and the Auditor’s Report thereon; to consider to declare a first and final tax-exempt dividend of 3 cents per share for the financial year ended 30 June 2022; to consider to approve directors’ fees of $582,333 for the financial year ended 30 June 2022; to consider To re-elect the following directors who are retiring in accordance with the Company’s Constitution: Mr Edmund Cheng Wai Wing, Tan Sri Zulkurnain Bin Awang,Ms Sim Beng Mei Mildred, Ms Kwa Kim Li; and to consider other matters. Announcement • Sep 19
Wing Tai Holdings Limited(SGX:W05) dropped from FTSE All-World Index (USD) Wing Tai Holdings Limited(SGX:W05) dropped from FTSE All-World Index (USD) Reported Earnings • Aug 27
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: S$0.17 (up from S$0.04 in FY 2021). Revenue: S$514.6m (up 12% from FY 2021). Net income: S$127.3m (up 314% from FY 2021). Profit margin: 25% (up from 6.7% in FY 2021). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 9.0%. Earnings per share (EPS) also surpassed analyst estimates by 241%. Over the next year, revenue is forecast to decline by 6.7% while the Real Estate industry in Singapore is not expected to grow. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Lead Independent Director Eric Ang was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 13
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: S$0.062 (down from S$0.065 in 1H 2021). Revenue: S$306.6m (up 26% from 1H 2021). Net income: S$47.3m (down 6.0% from 1H 2021). Profit margin: 15% (down from 21% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Board Change • Feb 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Lead Independent Director Eric Ang was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Oct 27
Upcoming dividend of S$0.05 per share Eligible shareholders must have bought the stock before 03 November 2021. Payment date: 19 November 2021. Trailing yield: 1.6%. Lower than top quartile of Singaporean dividend payers (5.2%). Lower than average of industry peers (2.8%). Reported Earnings • Oct 06
Full year 2021 earnings released: EPS S$0.04 (vs S$0.004 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: S$461.4m (up 24% from FY 2020). Net income: S$30.7m (up S$27.6m from FY 2020). Profit margin: 6.7% (up from 0.8% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Announcement • Aug 27
Wing Tai Holdings Limited Recommends Special Cash Dividend for the Full Year Ended June 30, 2021 Wing Tai Holdings Limited recommended special cash dividend of 2 cents per share for the full year ended June 30, 2021. The proposed dividend is subject to the approval of shareholders at the upcoming Annual General Meeting. Reported Earnings • Aug 27
Full year 2021 earnings released: EPS S$0.04 (vs S$0.004 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: S$461.4m (up 24% from FY 2020). Net income: S$43.6m (up S$40.5m from FY 2020). Profit margin: 9.4% (up from 0.8% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 27
Price target increased to S$3.11 Up from S$2.26, the current price target is provided by 1 analyst. New target price is 63% above last closing price of S$1.91. Stock is up 10% over the past year. Reported Earnings • Feb 06
First half 2021 earnings released: EPS S$0.065 (vs S$0.034 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: S$243.4m (up 33% from 1H 2020). Net income: S$50.3m (up 91% from 1H 2020). Profit margin: 21% (up from 14% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 05
New 90-day high: S$1.96 The company is up 13% from its price of S$1.74 on 07 October 2020. The Singaporean market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$8.45 per share. Is New 90 Day High Low • Nov 20
New 90-day high: S$1.84 The company is up 11% from its price of S$1.66 on 21 August 2020. The Singaporean market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$7.51 per share. Is New 90 Day High Low • Oct 16
New 90-day high: S$1.81 The company is up 3.0% from its price of S$1.75 on 17 July 2020. The Singaporean market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$7.19 per share. Reported Earnings • Oct 07
Full year earnings released - EPS S$0.004 Over the last 12 months the company has reported total profits of S$3.10m, down 92% from the prior year. Total revenue was S$371.0m over the last 12 months, up 15% from the prior year. Profit margins were 0.8%, which is lower than the 12% margin from last year. The decrease in margin was driven by higher expenses. Announcement • Aug 08
Wing Tai Holdings Limited to Report Fiscal Year 2020 Results on Aug 28, 2020 Wing Tai Holdings Limited announced that they will report fiscal year 2020 results on Aug 28, 2020 