Announcement • May 28
Wing Tai Properties Limited Approves Final Dividend for the Year Ended 31 December 2025 Wing Tai Properties Limited, at the AGM held on 28 May 2026 approved final dividend of HK 4.0 cents per Share for the year ended 31 December 2025. Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 9 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Non-Executive Director Fred Lam was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 27
Wing Tai Properties Limited, Annual General Meeting, May 28, 2026 Wing Tai Properties Limited, Annual General Meeting, May 28, 2026. Announcement • Mar 12
Wing Tai Properties Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 Wing Tai Properties Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 Announcement • May 29
Wing Tai Properties Limited Approves Final Dividend for the Year Ended 31 December 2024 Wing Tai Properties Limited at its AGM held on May 29, 2025 approved to declare a final dividend of HKD 4.0 cents per Share for the year ended 31 December 2024. Announcement • Mar 13
Wing Tai Properties Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Wing Tai Properties Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Reported Earnings • Aug 30
First half 2024 earnings released: HK$0.98 loss per share (vs HK$0.28 loss in 1H 2023) First half 2024 results: HK$0.98 loss per share (further deteriorated from HK$0.28 loss in 1H 2023). Revenue: HK$560.3m (up 17% from 1H 2023). Net loss: HK$1.34b (loss widened 257% from 1H 2023). Revenue is expected to fall by 3.8% p.a. on average during the next 2 years compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Declared Dividend • Aug 28
First half dividend of HK$0.03 announced Shareholders will receive a dividend of HK$0.03. Ex-date: 13th September 2024 Payment date: 7th October 2024 Dividend yield will be 21%, which is higher than the industry average of 3.2%. 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 (38% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Announcement • Aug 26
Wing Tai Properties Limited Declares Interim Dividend for the Six Months Ended June 30, 2024, Payable on October 7, 2024 The Directors of Wing Tai Properties Limited declared the payment of an interim dividend of 3.0 Hong Kong cents per share for the six months ended June 30, 2024 (2023: 6.0 Hong Kong cents). Ex-dividend date: September 13, 2024. Record date is September 16, 2024. Payment date is October 7, 2024. Announcement • Aug 09
Wing Tai Properties Limited to Report First Half, 2024 Results on Aug 26, 2024 Wing Tai Properties Limited announced that they will report first half, 2024 results on Aug 26, 2024 Buy Or Sell Opportunity • Jul 02
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to €0.17. The fair value is estimated to be €0.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has declined by 55%. Buy Or Sell Opportunity • Jun 28
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to €0.17. The fair value is estimated to be €0.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has declined by 55%. Announcement • May 24
Wing Tai Properties Limited Approves a Final Dividend for the Year Ended 31 December 2023 Wing Tai Properties Limited announced that at the AGM held on 23 May 2024 approved a final dividend of HK 8.0 cents per share for the year ended 31 December 2023. Upcoming Dividend • May 22
Upcoming dividend of HK$0.08 per share Eligible shareholders must have bought the stock before 29 May 2024. Payment date: 20 June 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.9%). Buy Or Sell Opportunity • May 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to €0.24. The fair value is estimated to be €0.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has declined by 55%. Buy Or Sell Opportunity • Apr 26
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to €0.21. The fair value is estimated to be €0.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has declined by 55%. Reported Earnings • Apr 24
Full year 2023 earnings released: HK$0.66 loss per share (vs HK$0.40 loss in FY 2022) Full year 2023 results: HK$0.66 loss per share (further deteriorated from HK$0.40 loss in FY 2022). Revenue: HK$882.4m (down 79% from FY 2022). Net loss: HK$890.4m (loss widened 65% from FY 2022). Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 15% decline forecast for the Real Estate industry in Germany. 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 19% per year, which means it has not declined as severely as earnings. Declared Dividend • Mar 24
Final dividend of HK$0.08 announced Shareholders will receive a dividend of HK$0.08. Ex-date: 29th May 2024 Payment date: 20th June 2024 Dividend yield will be 38%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not adequately covered by cash flows (98% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Announcement • Mar 23
Wing Tai Properties Limited, Annual General Meeting, May 23, 2024 Wing Tai Properties Limited, Annual General Meeting, May 23, 2024. Agenda: To approve the payment of a final dividend of HK8.0 cents. Reported Earnings • Mar 22
Full year 2023 earnings released: HK$0.66 loss per share (vs HK$0.40 loss in FY 2022) Full year 2023 results: HK$0.66 loss per share (further deteriorated from HK$0.40 loss in FY 2022). Revenue: HK$882.4m (down 79% from FY 2022). Net loss: HK$824.6m (loss widened 53% from FY 2022). Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 17% decline forecast for the Real Estate industry in Germany. 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 16% per year, which means it has not declined as severely as earnings. Announcement • Mar 22
Wing Tai Properties Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 20 June 2024 Wing Tai Properties Limited proposed final dividend of HKD 0.08 per share for the year ended 31 December 2023. Ex-dividend date is 29 May 2024. Record date is 30 May 2024. Payment date is 20 June 2024. Announcement • Mar 08
Wing Tai Properties Limited to Report Fiscal Year 2023 Results on Mar 21, 2024 Wing Tai Properties Limited announced that they will report fiscal year 2023 results on Mar 21, 2024 Upcoming Dividend • Sep 07
Upcoming dividend of HK$0.06 per share at 8.1% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 06 October 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 8.1%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.5%). Reported Earnings • Aug 25
First half 2023 earnings released: HK$0.28 loss per share (vs HK$0.28 profit in 1H 2022) First half 2023 results: HK$0.28 loss per share (down from HK$0.28 profit in 1H 2022). Revenue: HK$477.3m (down 45% from 1H 2022). Net loss: HK$374.2m (down 200% from profit in 1H 2022). Revenue is expected to fall by 89% p.a. on average during the next 2 years compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 4% per year. Announcement • Aug 25
Wing Tai Properties Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 06 October 2023 Wing Tai Properties Limited announced interim dividend of HKD 0.06 per share for the six months ended 30 June 2023, Ex-dividend date is 14 September 2023; Record date is 15 September 2023; Payment date is 06 October 2023. Announcement • Aug 10
Wing Tai Properties Limited to Report First Half, 2023 Results on Aug 24, 2023 Wing Tai Properties Limited announced that they will report first half, 2023 results on Aug 24, 2023 Upcoming Dividend • May 22
Upcoming dividend of HK$0.21 per share at 7.8% yield Eligible shareholders must have bought the stock before 29 May 2023. Payment date: 20 June 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 7.8%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.0%). Reported Earnings • Mar 24
Full year 2022 earnings released: HK$0.40 loss per share (vs HK$0.63 profit in FY 2021) Full year 2022 results: HK$0.40 loss per share (down from HK$0.63 profit in FY 2021). Revenue: HK$4.10b (up 20% from FY 2021). Net loss: HK$475.7m (down 156% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Nov 22
Wing Tai Properties Limited Announces Board Changes The board of directors of Wing Tai Properties Limited announces that Mr. Ng Tak Wai, Frederick ("Mr. Ng"), a non-executive director ("NED") of the Company, has been re-designated as an independent non-executive director ("INED") of the Company with effect from 21 November 2022 (the "Re-designation"). Mr. Ng, aged 65, was appointed as an executive director of the Company in 1995 and was re-designated as a NED of the Company in April 2011. He graduated from Georgetown University with a BSBA degree, and also graduated from Columbia University with an MBA degree. Mr. Ng held senior management positions in various garment manufacturing and distribution companies affiliated with the Wing Tai Group in Hong Kong. His background is in manufacturing operations and management information systems. The Board also announces that Mr. Simon Murray, an INED of the Company, has been appointed as a member and the Chairman of the Nomination Committee of the Company with effect from 21 November 2022. Mr. Simon Murray is currently the Chairman of the Remuneration Committee of the Company. Upcoming Dividend • Sep 12
Upcoming dividend of HK$0.06 per share Eligible shareholders must have bought the stock before 19 September 2022. Payment date: 06 October 2022. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 6.8%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (5.2%). Announcement • Aug 30
Wing Tai Properties Limited Announces Demise of Mr. Cheng Hoi Chuen, Vincent, Independent Non-Executive Director and the Chairman of the Nomination Committee The board of directors of Wing Tai Properties Limited announces with sorrow that Mr. Cheng Hoi Chuen, Vincent ("Mr. Vincent Cheng"), an independent non-executive director of the Company and the Chairman of the Nomination Committee of the Company, passed away on 28 August 2022. Mr. Vincent Cheng had been an Independent Non-executive Director of the Company since 2013 and had made invaluable contributions to the Company during his tenure of office. Reported Earnings • Aug 27
First half 2022 earnings released: EPS: HK$0.28 (vs HK$0.14 in 1H 2021) First half 2022 results: EPS: HK$0.28 (up from HK$0.14 in 1H 2021). Revenue: HK$859.8m (up 59% from 1H 2021). Net income: HK$374.0m (up 99% from 1H 2021). Profit margin: 44% (up from 35% in 1H 2021). Over the next year, revenue is expected to shrink by 32% compared to a 47% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Aug 26
Wing Tai Properties Limited Announces Interim Dividend for the Six Months Ended June 30, 2022, Payable on 06 October 2022 Wing Tai Properties Limited announced interim dividend of HKD 0.06 per share for the six months ended June 30, 2022. Ex-dividend date is 19 September 2022, record date is 20 September 2022, and the payment date is 06 October 2022. Announcement • Aug 13
Wing Tai Properties Limited to Report First Half, 2022 Results on Aug 25, 2022 Wing Tai Properties Limited announced that they will report first half, 2022 results on Aug 25, 2022 Upcoming Dividend • May 26
Upcoming dividend of HK$0.21 per share Eligible shareholders must have bought the stock before 02 June 2022. Payment date: 23 June 2022. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 6.7%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (4.3%). Upcoming Dividend • May 28
Upcoming dividend of HK$0.21 per share Eligible shareholders must have bought the stock before 04 June 2021. Payment date: 24 June 2021. Trailing yield: 5.8%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.9%). Reported Earnings • Apr 28
Full year 2020 earnings released: HK$0.50 loss per share (vs HK$0.18 profit in FY 2019) The company reported a decent full year result with improved revenues, although earnings and control over costs were weaker. Full year 2020 results: Revenue: HK$2.77b (up 170% from FY 2019). Net loss: HK$674.4m (down 382% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 26
Full year 2020 earnings released: HK$0.50 loss per share (vs HK$0.18 profit in FY 2019) The company reported a decent full year result with improved revenues, although earnings and control over costs were weaker. Full year 2020 results: Revenue: HK$2.78b (up 171% from FY 2019). Net loss: HK$610.6m (down 356% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Announcement • Mar 12
Wing Tai Properties Limited to Report Fiscal Year 2020 Results on Mar 25, 2021 Wing Tai Properties Limited announced that they will report fiscal year 2020 results on Mar 25, 2021 Is New 90 Day High Low • Feb 20
New 90-day high: €0.41 The company is up 10.0% from its price of €0.37 on 20 November 2020. The German market is also up 10.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Real Estate industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 12
New 90-day low: €0.35 The company is down 13% from its price of €0.40 on 11 September 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 1.0% over the same period. Is New 90 Day High Low • Nov 03
New 90-day low: €0.37 The company is down 5.0% from its price of €0.39 on 05 August 2020. The German market is also down 5.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Real Estate industry, which is down 2.0% over the same period. Is New 90 Day High Low • Sep 28
New 90-day high: €0.44 The company is up 1.0% from its price of €0.43 on 30 June 2020. The German market is also up 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Real Estate industry, which is up 3.0% over the same period. Reported Earnings • Sep 18
First half earnings released Over the last 12 months the company has reported total losses of HK$459.0m, with earnings decreasing by HK$946.7m from the prior year. Total revenue was HK$2.42b over the last 12 months, up 142% from the prior year. Announcement • Aug 15
Wing Tai Properties Limited to Report First Half, 2020 Results on Aug 28, 2020 Wing Tai Properties Limited announced that they will report first half, 2020 results on Aug 28, 2020 
