Wing Tai Properties Limited (0369) AI Stock Analysis

• Market Cap: €2.12B
• Dividend Yield: 4.52%
• Average Volume (3M): 110.37K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.15
• Revenue Growth: -4.95%
• EPS Growth: -29.73%
• Country: HK
• Employees: 480
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): -0.87
• Shares Outstanding: 1,366,512,800
• 10 Day Avg. Volume: 158,800
• 30 Day Avg. Volume: 110,366
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €1.91
• Price Target Upside: 23.07% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 45 Neutral
• Price Target: HK$1.50 ▼(-3.23% Downside)

The overall stock score reflects significant financial challenges, including declining profitability and negative cash flows. Technical analysis shows mixed signals, with some short-term weakness but potential longer-term support. Valuation is impacted by negative earnings, though the high dividend yield offers some appeal. The absence of earnings call and corporate events data limits additional insights.

Positive Factors

Negative Factors

Wing Tai Properties Limited Business Overview & Revenue Model

Company Description

Wing Tai Properties Limited, an investment holding company, invests in, develops, and manages properties in Hong Kong, the United Kingdom, the People's Republic of China, Singapore, and internationally. It operates through Property Development, Property Investment and Management, Hospitality Investment and Management, and Others divisions. The company develops and manages residential and commercial properties. Its investment properties include commercial, industrial, residential units and serviced apartments, and others. The company is also involved in the hospitality management, treasury investment, licensing, 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.

How the Company Makes Money

Wing Tai Properties Limited generates revenue through a combination of property development, property investment, and property management services. The company's primary revenue stream is derived from the sale and leasing of residential and commercial properties, which include luxury apartments and office spaces in prime locations. Additionally, the company earns income from property management fees, providing maintenance and management services for its own properties and properties owned by third parties. The hospitality sector also contributes to revenue through the operation of hotels, which generate income from room bookings, dining, and other guest services. Strategic partnerships and joint ventures in property development projects further bolster the company's earnings, leveraging collaborations to enhance project scope and profitability.

Wing Tai Properties Limited Financial Statement Overview

Summary

The company shows declining profitability with a significant drop in gross profit margin from 77.1% to 61.6% and persistent net losses. Despite a slight revenue growth, the negative cash flow and net income figures raise concerns about liquidity and operational cash generation.

Income Statement

The company has faced significant challenges in recent years, with declining revenues and persistent net losses. The gross profit margin decreased from 77.1% in 2023 to 61.6% in 2024, indicating pressure on core profitability. The net profit margin is negative, reflecting ongoing losses. Additionally, EBIT and EBITDA margins have deteriorated, highlighting operational inefficiencies. However, there was a slight revenue growth of 16.8% from 2023 to 2024, indicating some recovery potential.

Balance Sheet

The balance sheet shows a stable equity base with a debt-to-equity ratio of 0.29 in 2024, which is manageable. The company's equity ratio is 74.8%, indicating a strong reliance on equity financing. However, the company has experienced a decline in total assets over recent years, and return on equity is negative due to losses, signaling inefficiencies in asset utilization and profitability.

Cash Flow

Cash flow performance has been inconsistent, with operating cash flow dropping to zero in 2024. The company has struggled to convert its net income into cash, evidenced by a lack of free cash flow growth. The operating cash flow to net income and free cash flow to net income ratios are not meaningful due to zero or negative cash flow and net income figures.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.03B	882.40M	4.11B	3.44B	2.79B
Gross Profit	635.20M	680.70M	1.58B	1.36B	1.01B
EBITDA	234.60M	-560.20M	1.10B	892.50M	-441.10M
Net Income	-2.49B	-824.60M	-475.70M	919.90M	-610.60M
Balance Sheet
Total Assets	31.09B	33.99B	35.50B	38.74B	37.25B
Cash, Cash Equivalents and Short-Term Investments	2.87B	3.22B	2.43B	1.81B	1.74B
Total Debt	6.83B	6.81B	6.73B	6.80B	4.38B
Total Liabilities	7.76B	7.89B	8.17B	10.57B	9.60B
Stockholders Equity	23.24B	25.93B	27.18B	26.65B	26.13B
Cash Flow
Free Cash Flow	-246.10M	506.40M	501.80M	-1.40B	2.69B
Operating Cash Flow	-234.00M	512.10M	507.80M	-1.40B	2.70B
Investing Cash Flow	567.20M	72.40M	-439.20M	-125.70M	-2.17B
Financing Cash Flow	-179.00M	-355.90M	-420.80M	1.98B	-712.30M

Wing Tai Properties Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 1.55 is below the 20-day moving average (MA) of 1.62, below the 50-day MA of 1.66, and below the 200-day MA of 1.58, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 33.05 is Neutral, neither overbought nor oversold. The STOCH value of 5.56 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0026	60 Neutral	2.67B	-19.77	―	12.02%	-1.10%	27.14%
0194	60 Neutral	1.70B	-4.22	-7.97%	6.22%	54.72%	59.72%
0051	54 Neutral	3.01B	-11.41	-0.49%	1.18%	-9.42%	-153.41%
0088	53 Neutral	2.01B	32.06	0.99%	7.38%	-56.63%	-16.16%
0035	51 Neutral	2.39B	-1.80	-7.83%	13.92%	-6.91%	-624.40%
0369	45 Neutral	€2.12B	―	-11.42%	4.52%	-4.95%	-29.73%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Wing Tai Properties Limited Corporate Events

Wing Tai Properties Declares Interim Dividend for 2025

Wing Tai Properties Limited announced an interim dividend of HKD 0.03 per share for the six months ending June 30, 2025. The dividend will be paid on October 6, 2025, with a record date of September 11, 2025. This announcement reflects the company’s financial strategy and commitment to returning value to its shareholders, potentially impacting its market position and investor relations positively.

The most recent analyst rating on (HK:0369) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Wing Tai Properties Limited stock, see the HK:0369 Stock Forecast page.

Wing Tai Properties Reports Interim Results Amid Market Challenges

Wing Tai Properties Limited announced its interim results for the first half of 2025, reporting a core consolidated profit of HK$108 million, driven by a gain from the disposal of a London property and reduced finance costs. Despite a challenging property market in Hong Kong, the company achieved positive results in residential pre-sales and maintained stable occupancy rates in its office properties. The company is also progressing with its ‘Central Crossing’ development, a mixed-use project in Hong Kong, expected to complete in mid-2026, and continues to leverage government initiatives to boost hotel occupancy.

The most recent analyst rating on (HK:0369) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Wing Tai Properties Limited stock, see the HK:0369 Stock Forecast page.

Wing Tai Properties Enhances Board Governance with Nomination Committee

Wing Tai Properties Limited has outlined the functions and objectives of its Nomination Committee, which was established to comply with Hong Kong Stock Exchange listing rules and to aid in board diversity and succession planning. The committee, comprising a majority of independent non-executive directors, is responsible for nominating and recommending board appointments, ensuring a diverse and effective board composition, which is crucial for the company’s governance and strategic direction.

The most recent analyst rating on (HK:0369) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Wing Tai Properties Limited stock, see the HK:0369 Stock Forecast page.

Wing Tai Properties Schedules Board Meeting for Interim Results

Wing Tai Properties Limited has announced that its board of directors will meet on August 21, 2025, to approve the interim results for the first half of the year ending June 30, 2025. The meeting will also consider the declaration of an interim dividend, which could impact the company’s financial outlook and shareholder returns.

The most recent analyst rating on (HK:0369) stock is a Buy with a HK$2.45 price target. To see the full list of analyst forecasts on Wing Tai Properties Limited stock, see the HK:0369 Stock Forecast page.

Wing Tai Properties Sells Topworth Enterprises for GBP43 Million

Wing Tai Properties Limited has announced the sale of its entire equity interest in Topworth Enterprises Limited to Clas Puma Limited for GBP43 million. This transaction will result in Topworth Enterprises ceasing to be a subsidiary of Wing Tai Properties, impacting the company’s financial statements as it will no longer consolidate Topworth’s results. The disposal is classified as a discloseable transaction under the Listing Rules, indicating a significant strategic move for the company.

The most recent analyst rating on (HK:0369) stock is a Buy with a HK$2.45 price target. To see the full list of analyst forecasts on Wing Tai Properties Limited stock, see the HK:0369 Stock Forecast page.

Wing Tai Properties Renews Key Operating and License Agreements

Wing Tai Properties Limited announced the renewal of operating and license agreements between its subsidiaries, Lanson Place Singapore and Lanson Place Hong Kong, with Winshine, a subsidiary of Wing Tai Holdings. These agreements involve management and license fees based on property revenue and performance, with estimated annual caps for the next four years. The transactions are subject to certain reporting and review requirements but do not require independent shareholder approval, indicating a strategic move to strengthen operational ties with Wing Tai Holdings.

The most recent analyst rating on (HK:0369) stock is a Buy with a HK$2.45 price target. To see the full list of analyst forecasts on Wing Tai Properties Limited stock, see the HK:0369 Stock Forecast page.