SEHK:369

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Executive Summary

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. More Details


Snowflake Analysis

High growth potential average dividend payer.


Similar Companies

Share Price & News

How has Wing Tai Properties's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 369 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 369's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.6%

369

-1.9%

HK Real Estate

1.1%

HK Market


1 Year Return

-24.9%

369

-8.3%

HK Real Estate

8.2%

HK Market

Return vs Industry: 369 underperformed the Hong Kong Real Estate industry which returned -8.1% over the past year.

Return vs Market: 369 underperformed the Hong Kong Market which returned 7.6% over the past year.


Shareholder returns

369IndustryMarket
7 Day-1.6%-1.9%1.1%
30 Day-1.6%6.9%7.2%
90 Day-9.0%-3.0%5.2%
1 Year-19.7%-24.9%-3.4%-8.3%12.6%8.2%
3 Year-17.5%-29.7%-0.3%-12.9%0.4%-10.0%
5 Year4.3%-16.9%45.0%14.7%30.6%8.5%

Long-Term Price Volatility Vs. Market

How volatile is Wing Tai Properties's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Wing Tai Properties undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 369 (HK$3.64) is trading below our estimate of fair value (HK$21.25)

Significantly Below Fair Value: 369 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 369 is unprofitable, so we can't compare its PE Ratio to the HK Real Estate industry average.

PE vs Market: 369 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 369's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 369 is good value based on its PB Ratio (0.2x) compared to the HK Real Estate industry average (0.4x).


Next Steps

Future Growth

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

139.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 369 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: 369 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 369's is expected to become profitable in the next 3 years.

Revenue vs Market: 369's revenue (33.7% per year) is forecast to grow faster than the Hong Kong market (13.7% per year).

High Growth Revenue: 369's revenue (33.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 369's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

-14.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 369 is currently unprofitable.

Growing Profit Margin: 369 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 369 is unprofitable, and losses have increased over the past 5 years at a rate of 14.2% per year.

Accelerating Growth: Unable to compare 369's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 369 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-0.6%).


Return on Equity

High ROE: 369 has a negative Return on Equity (-1.43%), as it is currently unprofitable.


Next Steps

Financial Health

How is Wing Tai Properties's financial position?


Financial Position Analysis

Short Term Liabilities: 369's short term assets (HK$8.8B) exceed its short term liabilities (HK$2.9B).

Long Term Liabilities: 369's short term assets (HK$8.8B) exceed its long term liabilities (HK$5.3B).


Debt to Equity History and Analysis

Debt Level: 369's debt to equity ratio (18.2%) is considered satisfactory.

Reducing Debt: 369's debt to equity ratio has increased from 17.6% to 18.2% over the past 5 years.

Debt Coverage: 369's debt is not well covered by operating cash flow (16.7%).

Interest Coverage: 369 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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

7.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 369's dividend (7.42%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.23%).

High Dividend: 369's dividend (7.42%) is in the top 25% of dividend payers in the Hong Kong market (6.58%)


Stability and Growth of Payments

Stable Dividend: 369's dividends per share have been stable in the past 10 years.

Growing Dividend: 369's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: 369 is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

16.2yrs

Average board tenure


CEO

Edward Cheng (64 yo)

26.83yrs

Tenure

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 Direct...


CEO Compensation Analysis

Compensation vs Market: Edward's total compensation ($USD2.98M) is above average for companies of similar size in the Hong Kong market ($USD476.54K).

Compensation vs Earnings: Edward's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Wai-Chee Cheng
Executive Chairman29.25yrsno data1.04%
HK$ 51.2m
Wai Sun Cheng
Deputy Chairman & Chief Executive26.83yrsno data0.89%
HK$ 43.7m
Wai-Wai Chow
MD of Group Property Investment & Management Division and Executive Director13.25yrsno data0.078%
HK$ 3.8m
Kar Wai Ng
MD of Group Property Division & Executive Director5.83yrsno data0.087%
HK$ 4.3m
Man Piu Cheng
Executive Director29.25yrsHK$25.00kno data
Michael Hamilton Hobson
Director & CEO of Lanson Place Hospitality Management Limitedno datano datano data
Simon Murray
Independent Non-Executive Director26.67yrsHK$368.00kno data
Ping-Luen Kwok
Non-Executive Director29.25yrsHK$75.00kno data
Hoi-Chuen Cheng
Independent Non-Executive Director7.75yrsHK$368.00kno data
Tak Wai Ng
Non-Executive Director9.58yrsHK$75.00k0.12%
HK$ 5.9m
Pak Cheung Hong
Non-Executive Director18.17yrsHK$75.00kno data
Kit Shing Yeung
Independent Non-Executive Director16.17yrsHK$433.00kno data

16.2yrs

Average Tenure

67yo

Average Age

Experienced Board: 369's board of directors are seasoned and experienced ( 16.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Wing Tai Properties Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wing Tai Properties Limited
  • Ticker: 369
  • Exchange: SEHK
  • Founded:
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: HK$4.930b
  • Shares outstanding: 1.35b
  • Website: https://www.wingtaiproperties.com

Number of Employees


Location

  • Wing Tai Properties Limited
  • AIA Kowloon Tower
  • 27th Floor
  • Kwun Tong
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
USHDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
369SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

Biography

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. Th...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 10:12
End of Day Share Price2020/11/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.