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Wing Tai Properties

DB:USH
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
USH
DB
HK$7B
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

Wing Tai Properties Limited, an investment holding company, invests in, develops, and manages properties in Hong Kong, the People’s Republic of China, the United Kingdom, Singapore, and internationally. The last earnings update was 50 days ago. More info.


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USH Share Price and Events
7 Day Returns
-1.7%
DB:USH
1.6%
DE Real Estate
-3.6%
DE Market
1 Year Returns
-17.6%
DB:USH
4.1%
DE Real Estate
-11.8%
DE Market
USH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wing Tai Properties (USH) -1.7% -9.4% -11.6% -17.6% 31.5% 38.6%
DE Real Estate 1.6% -5.1% -2.7% 4.1% 39.1% 121.8%
DE Market -3.6% -2.1% -0.8% -11.8% 12% 5.8%
1 Year Return vs Industry and Market
  • USH underperformed the Real Estate industry which returned 4.1% over the past year.
  • USH underperformed the Market in Germany which returned -11.8% over the past year.
Price Volatility
USH
Industry
5yr Volatility vs Market

Value

 Is Wing Tai Properties undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Wing Tai Properties. This is due to cash flow or dividend data being unavailable. The share price is €0.5917.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Wing Tai Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wing Tai Properties's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:USH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.97
SEHK:369 Share Price ** SEHK (2019-06-14) in HKD HK$5.29
Germany Real Estate Industry PE Ratio Median Figure of 35 Publicly-Listed Real Estate Companies 13.22x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Wing Tai Properties.

DB:USH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:369 Share Price ÷ EPS (both in HKD)

= 5.29 ÷ 0.97

5.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wing Tai Properties is good value based on earnings compared to the DE Real Estate industry average.
  • Wing Tai Properties is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Wing Tai Properties's expected growth come at a high price?
Raw Data
DB:USH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-13.8%per year
Germany Real Estate Industry PEG Ratio Median Figure of 20 Publicly-Listed Real Estate Companies 0.58x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

DB:USH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.44x ÷ -13.8%

-0.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wing Tai Properties earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Wing Tai Properties's assets?
Raw Data
DB:USH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$21.28
SEHK:369 Share Price * SEHK (2019-06-14) in HKD HK$5.29
Germany Real Estate Industry PB Ratio Median Figure of 42 Publicly-Listed Real Estate Companies 1.3x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:USH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:369 Share Price ÷ Book Value per Share (both in HKD)

= 5.29 ÷ 21.28

0.25x

* Primary Listing of Wing Tai Properties.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wing Tai Properties is good value based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess Wing Tai Properties's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Wing Tai Properties has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Wing Tai Properties expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-13.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wing Tai Properties expected to grow at an attractive rate?
  • Wing Tai Properties's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Wing Tai Properties's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Wing Tai Properties's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:USH Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:USH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -13.8%
DB:USH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 49.6%
Germany Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -3.4%
Germany Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:USH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:USH Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 2,417 -1,689 1,036 1
2019-12-31 849 -1,460 657 1
DB:USH Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,006 -333 1,312
2018-09-30 1,050 -290 1,940
2018-06-30 1,095 -247 2,568
2018-03-31 1,134 325 2,275
2017-12-31 1,173 897 1,982
2017-09-30 1,242 475 1,639
2017-06-30 1,312 53 1,296
2017-03-31 1,248 -795 1,221
2016-12-31 1,184 -1,643 1,147
2016-09-30 1,055 -1,115 1,039
2016-06-30 925 -586 931
2016-03-31 1,002 237 1,015

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wing Tai Properties's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Wing Tai Properties's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:USH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Wing Tai Properties Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:USH Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.77 0.77 0.77 1.00
2019-12-31 0.49 0.49 0.49 1.00
DB:USH Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.97
2018-09-30 1.44
2018-06-30 1.91
2018-03-31 1.69
2017-12-31 1.47
2017-09-30 1.22
2017-06-30 0.96
2017-03-31 0.91
2016-12-31 0.85
2016-09-30 0.77
2016-06-30 0.69
2016-03-31 0.76

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Wing Tai Properties is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Wing Tai Properties's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Wing Tai Properties has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Wing Tai Properties performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Wing Tai Properties's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Wing Tai Properties's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Wing Tai Properties's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Wing Tai Properties's 1-year earnings growth is negative, it can't be compared to the DE Real Estate industry average.
Earnings and Revenue History
Wing Tai Properties's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Wing Tai Properties Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:USH Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,005.50 1,312.40 380.90
2018-09-30 1,050.05 1,940.00 363.30
2018-06-30 1,094.60 2,567.60 345.70
2018-03-31 1,133.65 2,274.75 351.20
2017-12-31 1,172.70 1,981.90 356.70
2017-09-30 1,242.15 1,639.00 366.15
2017-06-30 1,311.60 1,296.10 375.60
2017-03-31 1,247.95 1,221.30 358.50
2016-12-31 1,184.30 1,146.50 341.40
2016-09-30 1,054.70 1,038.50 324.85
2016-06-30 925.10 930.50 308.30
2016-03-31 1,002.35 1,014.80 312.70
2015-12-31 1,079.60 1,099.10 317.10
2015-09-30 1,081.10 955.30 310.15
2015-06-30 1,082.60 811.50 303.20
2015-03-31 1,433.85 1,377.55 314.55
2014-12-31 1,785.10 1,943.60 325.90
2014-09-30 2,301.85 2,569.85 354.20
2014-06-30 2,818.60 3,196.10 382.50
2014-03-31 2,362.10 2,925.35 352.65
2013-12-31 1,905.60 2,654.60 322.80
2013-09-30 1,490.20 3,995.55 278.25
2013-06-30 1,074.80 5,336.50 233.70
2013-03-31 1,190.65 4,906.55 259.70
2012-12-31 1,306.50 4,476.60 285.70
2012-09-30 2,608.15 2,772.85 404.00
2012-06-30 2,240.00 1,067.80 381.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Wing Tai Properties has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wing Tai Properties used its assets less efficiently than the DE Real Estate industry average last year based on Return on Assets.
  • Wing Tai Properties's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wing Tai Properties's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Wing Tai Properties has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Wing Tai Properties's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Wing Tai Properties's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wing Tai Properties is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wing Tai Properties's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wing Tai Properties's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Wing Tai Properties Company Filings, last reported 5 months ago.

DB:USH Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 28,721.90 5,034.50 2,958.30
2018-09-30 28,721.90 5,034.50 2,958.30
2018-06-30 28,543.00 5,320.60 3,989.40
2018-03-31 28,543.00 5,320.60 3,989.40
2017-12-31 27,809.90 6,184.10 654.20
2017-09-30 27,809.90 6,184.10 654.20
2017-06-30 24,700.20 5,362.20 2,267.50
2017-03-31 24,700.20 5,362.20 2,267.50
2016-12-31 24,312.10 5,411.00 1,682.80
2016-09-30 24,312.10 5,411.00 1,682.80
2016-06-30 23,577.60 4,122.70 672.00
2016-03-31 23,577.60 4,122.70 672.00
2015-12-31 23,347.30 4,024.80 2,074.20
2015-09-30 23,347.30 4,024.80 2,074.20
2015-06-30 22,933.30 4,040.80 2,158.50
2015-03-31 22,933.30 4,040.80 2,158.50
2014-12-31 22,680.20 4,034.30 1,592.60
2014-09-30 22,680.20 4,034.30 1,592.60
2014-06-30 22,443.20 4,435.90 585.40
2014-03-31 22,443.20 4,435.90 585.40
2013-12-31 20,895.20 4,780.50 1,242.20
2013-09-30 20,895.20 4,780.50 1,242.20
2013-06-30 19,269.20 4,350.70 1,227.90
2013-03-31 19,269.20 4,350.70 1,227.90
2012-12-31 18,361.80 4,227.20 1,079.80
2012-09-30 18,375.40 5,181.60 1,260.90
2012-06-30 15,917.80 5,128.70 1,942.40
  • Wing Tai Properties's level of debt (17.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (22.8% vs 17.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 38.4x coverage).
X
Financial health checks
We assess Wing Tai Properties's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Wing Tai Properties has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Wing Tai Properties's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.1%
Current annual income from Wing Tai Properties dividends. Estimated to be 5.1% next year.
If you bought €2,000 of Wing Tai Properties shares you are expected to receive €102 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Wing Tai Properties's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Wing Tai Properties's dividend is above the markets top 25% of dividend payers in Germany (3.91%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:USH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 2.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:USH Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.27 1.00
2019-12-31 0.27 1.00
DB:USH Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-26 0.270 4.694
2019-03-27 0.270 4.519
2018-04-19 0.270 4.575
2018-03-23 0.270 4.442
2017-04-20 0.180 3.310
2017-03-23 0.180 3.290
2016-08-30 0.150 3.081
2016-04-13 0.150 3.335
2016-03-17 0.150 3.434
2015-04-10 0.135 2.962
2015-03-17 0.135 2.782
2014-04-10 0.135 2.756
2014-03-21 0.135 2.938
2013-04-11 0.135 2.809
2013-03-25 0.135 2.471
2012-08-28 0.119 2.344
2012-03-28 0.115 2.939
2011-08-30 0.103 3.932
2011-03-30 0.100 3.210
2010-08-30 0.075 2.587
2010-03-29 0.055 2.370
2009-09-07 0.030 1.305

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Wing Tai Properties's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Wing Tai Properties's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Wing Tai Properties afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wing Tai Properties has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Wing Tai Properties's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Edward Cheng
COMPENSATION HK$18,492,000
AGE 62
TENURE AS CEO 25.4 years
CEO Bio

Mr. Wai Sun Cheng, also known as Edward, G.B.S., J.P. has been the Chief Executive Officer of Wing Tai Properties Limited (formerly, USI Holdings Limited) since 1994. Mr. Cheng has been an Executive Director of Wing Tai Properties Limited since August 11, 1994. Mr. Cheng served as the Chief Executive Officer of Vanke Property (Overseas) Limited (formerly Winsor Properties Holdings Limited) until 2012. From 1985 to 1987, he was with the Hutchison Whampoa Group in China business development. Mr. Cheng served as the Co-Chairman of CSL Mobile Limited (formerly, Sunday Communications Ltd.) from November 24, 1999 to July 28, 2006 and served as its Executive Director from November 24, 1999 to July 28, 2006. He served as the Chairman of Urban Renewal Authority from May 1, 2004 to April 30, 2007 and served as its Director. He has been Deputy Chairman of Wing Tai Properties Limited since July 17, 2007. He served as Deputy Chairman of the Board for Vanke Property (Overseas) Limited until September 1, 2012. Mr. Cheng is a Founding Member of Mandarin Communications Limited since 1995. He has many years of public service experience in urban renewal, finance, housing, corruption prevention, technology and education. He has been an Independent Non-Executive Director of Standard Chartered Bank (Hong Kong) Limited since April 3, 2014. He was Independent Non-Executive Director of Orient Overseas (International) Limited since March 19, 2009 until August 3, 2018. He serves as a Director of Wing Tai Properties (Finance) Limited. He serves as a Director of ASAT (Finance) LLC. He served as an Independent Non Executive Director of Television Broadcasts Limited from June 1, 2006 to January 1, 2015. Mr. Cheng served as a Non-Executive Director of Vanke Property (Overseas) Limited from December 1999 to September 1, 2012. He held several positions at The Wharf Group from 1987 to 1994, including Executive Director, responsible for Group Finance, Group Corporate Affairs and the Hotel Group. He served as a Director of ASAT Holdings Ltd. since October 29, 1999. Mr. Cheng is a Member of the Hong Kong SAR Government's Council of Advisors on Innovation an Technology, the Council of City University of Hong Kong, Mandatory Provident Fund Schemes Appeal Board, the Securities an Futures Commission's Takeovers and Mergers Panel and the Takeovers Appeal Committee, the Operations Review Committee of the Independent Commission against Corruption, the Provisional Construction Industry Co-Ordination Board, the University Grants Committee and the Executive Committee of the Hong Kong Housing Society. He is a Justice of the Peace and is awarded the Silver Bauhinia Star by the Hong Kong SAR Government. He was qualified as a Solicitor in the United Kingdom and Hong Kong. Mr. Cheng holds a Master's Degree from Oxford University. He is graduated in Economics and Political Science from Cornell University. Mr. Cheng holds Bachelor's Degree in Jurisprudence from University of Oxford.

CEO Compensation
  • Edward's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Edward's remuneration is lower than average for companies of similar size in Germany.
Management Team

Christopher Cheng

TITLE
Executive Chairman
COMPENSATION
HK$10M
AGE
70

Edward Cheng

TITLE
Deputy Chairman & Chief Executive
COMPENSATION
HK$18M
AGE
62
TENURE
25.4 yrs

Francis Cheng

TITLE
Executive Director
COMPENSATION
HK$25K
AGE
65

John Chow

TITLE
MD of Group Property Investment & Management Division and Executive Director
COMPENSATION
HK$6M
AGE
69

Kenneth Ng

TITLE
MD of Group Property Division & Executive Director
COMPENSATION
HK$7M
AGE
62
TENURE
4.4 yrs

Janet Ada Fung

TITLE
Chief Financial Officer
AGE
55

Henry Chung

TITLE
Group Legal Counsel & Company Secretary
AGE
64

Karen Li

TITLE
Director of Corporate Development
AGE
56

Michael Hamilton Hobson

TITLE
Director & CEO of Lanson Place Hospitality Management Limited
AGE
61

Andrew Leung

TITLE
Executive Director of China Investment & Corporate Advisor
AGE
61
Board of Directors Tenure

Average tenure and age of the Wing Tai Properties board of directors in years:

11.9
Average Tenure
66.5
Average Age
  • The average tenure for the Wing Tai Properties board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Christopher Cheng

TITLE
Executive Chairman
COMPENSATION
HK$10M
AGE
70
TENURE
27.8 yrs

Edward Cheng

TITLE
Deputy Chairman & Chief Executive
COMPENSATION
HK$18M
AGE
62
TENURE
11.9 yrs

Francis Cheng

TITLE
Executive Director
COMPENSATION
HK$25K
AGE
65
TENURE
27.8 yrs

John Chow

TITLE
MD of Group Property Investment & Management Division and Executive Director
COMPENSATION
HK$6M
AGE
69
TENURE
11.8 yrs

Kenneth Ng

TITLE
MD of Group Property Division & Executive Director
COMPENSATION
HK$7M
AGE
62
TENURE
4.4 yrs

Michael Hamilton Hobson

TITLE
Director & CEO of Lanson Place Hospitality Management Limited
AGE
61

Simon Murray

TITLE
Independent Non-Executive Director
COMPENSATION
HK$310K
AGE
78
TENURE
25.3 yrs

Jackson Yeung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$380K
AGE
68
TENURE
14.8 yrs

Vincent Cheng

TITLE
Independent Non-Executive Director
COMPENSATION
HK$310K
AGE
70
TENURE
6.3 yrs

Frederick Ng

TITLE
Non-Executive Director
COMPENSATION
HK$70K
AGE
60
TENURE
8.2 yrs
Who owns this company?
Recent Insider Trading
  • Wing Tai Properties insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
21. May 19 Sell Yu Chow Individual 20. May 19 20. May 19 -700,566 €0.58 €-409,822
21. May 19 Buy Chung Chow Individual 20. May 19 20. May 19 318,000 €0.34 €108,062
X
Management checks
We assess Wing Tai Properties's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Wing Tai Properties has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Wing Tai Properties Limited, an investment holding company, invests in, develops, and manages properties in Hong Kong, the People’s Republic of China, the United Kingdom, Singapore, and internationally. The company operates through Property Development, Property Investment and Management, Hospitality Investment and Management, and Others divisions. It develops and manages residential and commercial properties. The company’s investment properties include office buildings, industrial buildings, car parking spaces, retail spaces, and serviced apartments. It is also involved in the hospitality management, investment, licensing, treasury investment, financing, and property agency activities. The company was formerly known as USI Holdings Limited and changed its name to Wing Tai Properties Limited in 2010. Wing Tai Properties Limited is headquartered in Kwun Tong, Hong Kong.

Details
Name: Wing Tai Properties Limited
USH
Exchange: DB
Founded:
HK$814,654,484
1,352,619,279
Website: http://www.wingtaiproperties.com
Address: Wing Tai Properties Limited
AIA Kowloon Tower,
27th Floor,
Kwun Tong,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 369 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
DB USH Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
480
Wing Tai Properties employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 20:35
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/03/28
Last earnings filing: 2019/04/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.