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Wing Tai Properties Limited
(Frankfurt:0369)
Wing Tai Properties Limited (0369) vs. S&P 500 (SPY)
Wing Tai Properties Limited Business Overview & Revenue Model
Wing Tai Properties Limited Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 882.40M | 4.11B | 3.44B | 2.79B | 832.70M | Gross Profit |
| 680.70M | 1.58B | 1.36B | 1.01B | 669.60M | EBIT |
| -461.50M | 977.80M | 875.80M | 512.90M | 265.40M | EBITDA |
| -560.20M | 1.10B | 892.50M | 552.40M | 273.10M | Net Income Common Stockholders |
| -824.60M | -540.00M | 919.90M | -674.40M | 238.90M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 3.22B | 2.43B | 1.81B | 1.74B | 2.12B | Total Assets |
| 33.99B | 35.50B | 38.74B | 37.25B | 36.32B | Total Debt |
| 6.81B | 8.22B | 8.32B | 5.89B | 6.20B | Net Debt |
| 4.17B | 7.11B | 6.85B | 4.70B | 5.07B | Total Liabilities |
| 7.89B | 9.66B | 12.09B | 11.12B | 9.21B | Stockholders Equity |
| 25.93B | 25.68B | 26.65B | 26.13B | 27.10B |
| Cash Flow | Free Cash Flow | |||
| 506.40M | 501.80M | -1.40B | 2.69B | 281.50M | Operating Cash Flow |
| 512.10M | 507.80M | -1.40B | 2.70B | 295.80M | Investing Cash Flow |
| 72.40M | -439.20M | -125.70M | -2.17B | -1.01B | Financing Cash Flow |
| -355.90M | -420.80M | 2.05B | -712.30M | -760.80M |
Wing Tai Properties Limited Technical Analysis
Wing Tai Properties Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $2.63B | 10.21 | 7.44% | 9.38% | -12.74% | -17.17% | |
71 Outperform | $214.58B | 12.32 | 2.88% | 5.01% | 20.91% | -29.29% | |
70 Outperform | HK$72.65B | 19.11 | 2.17% | 7.63% | -30.38% | -43.73% | |
68 Neutral | $107.48B | 17.07 | 1.94% | 8.99% | -7.64% | -32.01% | |
60 Neutral | $2.79B | 11.37 | 0.20% | 8519.74% | 6.07% | -14.95% | |
60 Neutral | $59.84B | ― | -2.30% | 2.03% | -36.07% | -441.20% | |
42 Neutral | HK$2.06B | ― | -10.95% | 8.97% | 17.16% | -187.44% |
Wing Tai Properties Limited Corporate Events
Wing Tai Properties Limited has announced its annual general meeting scheduled for May 29, 2025, where key agenda items include the approval of audited financial statements, the declaration of a final dividend, re-election of directors, and re-appointment of auditors. The meeting will also consider resolutions to authorize directors to issue additional shares, potentially impacting the company’s capital structure and shareholder value.
Wing Tai Properties Limited, a company listed on the Hong Kong Stock Exchange, announced changes to its board composition. Simon Murray and Haider Hatam Tyebjee Barma will retire as independent non-executive directors, while Fred Lam will join as an independent non-executive director and take on leadership roles in the remuneration and nomination committees. These changes align with recent amendments to the Corporate Governance Code, aiming to enhance compliance and governance standards.
Wing Tai Properties Limited reported a challenging year in 2024 due to high interest rates, US-China tensions, and weak investment sentiment impacting the Hong Kong property market. The company recorded a substantial non-cash net valuation loss of HK$2,652 million on its property portfolio, contributing to a consolidated loss attributable to shareholders of HK$2,560 million. Despite these challenges, the company maintained a core consolidated profit of HK$92 million and recommended a final dividend of HK4.0 cents per share. The company is strategically positioning its projects, such as the pre-sale launch of residential projects and maintaining high occupancy rates in its Hong Kong and London office properties, to navigate the subdued market conditions.
Wing Tai Properties Limited announced a final ordinary cash dividend of HKD 0.04 per share for the financial year ending 31 December 2024. The dividend will be paid on 23 June 2025, with the ex-dividend date set for 4 June 2025. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders and may influence investor sentiment positively.
Wing Tai Properties Limited has announced proposed amendments to its existing bye-laws to enhance operational flexibility and compliance with regulatory requirements. These changes aim to allow the company to manage treasury shares more effectively, adapt to a paperless listing regime, and facilitate electronic general meetings, pending shareholder approval at the upcoming annual general meeting.
Wing Tai Properties Limited has issued a profit warning, indicating an expected loss of approximately HK$2,600 million for the year ending December 31, 2024, compared to a loss of HK$890.4 million in the previous year. This increase is attributed to adverse changes in the fair value of investment properties and financial instruments, as well as impairment provisions for properties under development. Despite these non-cash items affecting the financial results, the company’s overall financial, business, and trading positions remain healthy, with no impact on operating cash flow.
Wing Tai Properties Limited has announced an upcoming board meeting scheduled for March 28, 2025, to approve the annual results for the year ending December 31, 2024, and to consider recommending a final dividend. This announcement indicates the company’s ongoing commitment to transparency and shareholder engagement, potentially impacting its market positioning and stakeholder relations.