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Wing Tai Properties Limited
(0369)
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Rating:45Neutral
Price Target:
HK$1.50
â–¼(-25.00% Downside)
Action:Reiterated
Date:08/06/26
The score is primarily weighed down by weak financial performance—multi-year losses and recently negative operating and free cash flow—despite a comparatively manageable leverage profile. Technical signals also remain soft with the stock below key moving averages and negative MACD. A moderate dividend yield offers some support, but the negative P/E underscores ongoing profitability challenges.
Positive Factors
Manageable Leverage
Manageable leverage and a sizable equity base provide financial support through property-market cycles. This structure can preserve funding flexibility for development and investment activity, although the benefit is moderated by the company’s continuing losses and weak shareholder returns.
Negative Factors
Persistent Net Losses
Persistent and recently deep net losses indicate that the business is not currently converting its property activities into sustainable shareholder earnings. Continued losses can erode retained capital, weaken returns, and restrict the company’s ability to reinvest or distribute cash consistently.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Manageable leverage and a sizable equity base provide financial support through property-market cycles. This structure can preserve funding flexibility for development and investment activity, although the benefit is moderated by the company’s continuing losses and weak shareholder returns.
Read all positive factors
Wing Tai Properties Limited (0369) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.26B
Dividend Yield4.26%
Average Volume (3M)32.27K
Price to Earnings (P/E)―
Beta (1Y)0.30
Revenue Growth13.56%
EPS Growth74.33%
CountryHK
Employees480
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.46
Shares Outstanding1,374,552,500
10 Day Avg. Volume45,800
30 Day Avg. Volume32,266
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.11
Price to Sales (P/S)2.37
P/FCF Ratio-8.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$2.59Price Target Upside29.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.13
Revenue Forecast (FY)HK$959.20M
Wing Tai Properties Limited Business Overview & Revenue Model
Company Description
Wing Tai Properties Limited is a diversified investment holding company, primarily focused on the acquisition, development, and administration of real estate assets. The firm's operations span a wide international footprint, covering significant m...
How the Company Makes Money
Wing Tai Properties’ earnings are primarily generated through two main channels: (1) Property development for sale: the company develops properties and recognizes revenue/profit when completed units are sold and the relevant accounting recognition...
Wing Tai Properties Limited Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
63
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.05B | 968.80M | 1.03B | 882.40M | 4.11B | 3.42B |
| Gross Profit | 509.80M | 513.90M | 635.20M | 680.70M | 1.57B | 1.34B |
| EBITDA | 114.20M | 176.50M | -526.80M | -560.20M | 986.50M | 892.50M |
| Net Income | -553.20M | -1.65B | -2.49B | -824.60M | -475.70M | 919.90M |
Balance Sheet | ||||||
| Total Assets | 30.09B | 29.68B | 31.09B | 33.99B | 35.50B | 38.74B |
| Cash, Cash Equivalents and Short-Term Investments | 2.69B | 2.70B | 2.87B | 3.22B | 2.43B | 1.81B |
| Total Debt | 8.36B | 8.59B | 6.83B | 6.81B | 6.73B | 6.80B |
| Total Liabilities | 10.16B | 9.63B | 7.76B | 7.89B | 8.17B | 10.57B |
| Stockholders Equity | 19.89B | 20.02B | 23.24B | 25.93B | 27.18B | 26.65B |
Cash Flow | ||||||
| Free Cash Flow | -418.50M | -258.00M | -246.10M | 506.40M | 501.80M | -1.40B |
| Operating Cash Flow | -418.00M | -256.80M | -234.00M | 512.10M | 507.80M | -1.40B |
| Investing Cash Flow | 363.50M | 474.00M | 567.20M | 72.40M | -439.20M | -125.70M |
| Financing Cash Flow | -81.40M | 33.90M | -179.00M | -355.90M | -420.80M | 1.98B |
Wing Tai Properties Limited Technical Analysis
Negative
2.00
Price Trends
1.78
Negative
1.87
Negative
1.97
Negative
Market Momentum
-0.04
Negative
42.79
Neutral
45.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0369, the sentiment is Negative. The current price of 2 is above the 20-day moving average (MA) of 1.66, above the 50-day MA of 1.78, and above the 200-day MA of 1.97, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 42.79 is Neutral, neither overbought nor oversold. The STOCH value of 45.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0369.
Wing Tai Properties Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$161.55B | 12.21 | 3.39% | 3.90% | 47.69% | 16.48% | |
73 Outperform | HK$315.57B | 14.72 | 3.41% | 3.47% | 17.33% | 11.15% | |
67 Neutral | HK$97.87B | 20.84 | 2.67% | 5.68% | 15.20% | 7.32% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
52 Neutral | HK$60.42B | -137.01 | -0.30% | 0.99% | -0.74% | -741.18% | |
51 Neutral | HK$138.89B | 10.66 | 2.82% | 3.78% | 4.14% | -16.76% | |
45 Neutral | HK$2.26B | -3.58 | -2.77% | 4.26% | 13.56% | 74.33% |
* Real Estate Sector Average
HK:0369
Wing Tai Properties Limited
1.65
0.03
2.05%
HK:0688
China Overseas Land & Investment
12.69
0.16
1.29%
HK:1113
CK Asset Holdings
46.16
9.12
24.61%
HK:0083
Sino Land Co
10.21
1.08
11.77%
HK:0016
Sun Hung Kai Properties
108.90
17.80
19.54%
HK:0004
Wharf (Holdings)
19.77
-0.07
-0.33%
Wing Tai Properties Limited Corporate Events
Wing Tai Properties Refines Board Roles and Governance Structure
Oct 22, 2026
Wing Tai Properties Limited, incorporated in Bermuda and listed in Hong Kong, operates in the property sector with a focus on real estate investment and development. Its corporate framework is built around a multi-tiered board, including executive...
Wing Tai Properties Reshapes Board and Audit Committee
Oct 16, 2026
Wing Tai Properties has announced a series of board changes effective 16 October 2026, including the resignation of non-executive director and audit committee member William Hong, who is stepping down to devote more time to personal and family mat...
Wing Tai Properties Revamps Board Roles and Governance Structure
Oct 16, 2026
Wing Tai Properties Limited has updated its board composition and clarified directors’ roles across key governance committees, effective 16 October 2026. The structure confirms executive leadership under Chairman Christopher Cheng and Deputy...
Wing Tai narrows loss as core profit rises and Hong Kong housing pre-sales strengthen
Aug 21, 2026
Wing Tai Properties Limited, a Hong Kong-focused property developer and investor with a portfolio spanning residential projects, Grade A offices and London commercial assets, is positioned to serve both local and Mainland housing demand and genera...
Wing Tai Properties Declares Interim Dividend for First Half of 2026
Aug 21, 2026
Wing Tai Properties Limited has declared an interim ordinary dividend of HKD 0.03 per share for the six months ended 30 June 2026, reflecting its ongoing practice of providing semi-annual cash returns to shareholders. The dividend will be paid in ...
Wing Tai Properties Sets August Board Meeting to Approve Interim Results and Consider Dividend
Aug 6, 2026
Wing Tai Properties Limited has scheduled a board meeting for 21 August 2026 to review and approve the group’s interim results for the six months ended 30 June 2026, and to authorise their publication. The board will also consider the declar...
Wing Tai Properties Details Caps and Rationale for Renewed Hospitality Agreements
Aug 4, 2026
Wing Tai Properties Limited has provided supplemental details on the renewal of its operating and licence agreements tied to hospitality management services for serviced suites in Malaysia, where it holds a 50% stake in the JV company. The group r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.