On 22 October, I did an incomplete analysis of Wing Tai Holdings Limited to arrive at what I thought would be a nice entry price. Any reader who might have missed that and would like to read it, please see the related post at the end of this blog. Today, I became a shareholder of Wing Tai Holdings Limited. Entry price is $1.655, a 56% discount to NAV and a few bids higher than the $1.64 per share that I mentioned on 22 October. At this price, I am basically paying for their investment properties at book value, their development properties at a huge discount to valuation and I am basically getting their retail businesses for free. I shared some of these numbers in my incomplete analysis mentioned earlier. Technically, the downtrend is intact but the momentum oscillators are forming higher lows. So, it seems that the stock could be forming ......