I posted this on 7 Jan 2015, after market closed, on “SGX Technical Analysis and Fundamental Analysis” Facebook Group (a closed group, if you wish to join, please let me know)
Wing Tai Holdings (W05.SI)
ABC Pattern Analysis on WIng Tai Holdings.
Wing Tai is in property/hospitality/retail business.
A simple way (and the first-foremost item) to analyse a property counter is to check its Price/NAV.
From the summary in shareinvestor.com (see 2nd picture), its Price/NAV is at 0.4381.
This represents a whopping 56% discount!
From its latest annual report (ended 30 Jun 2014) :-
[1]. Debt/Asset ratio is 35.6%, a very good level way below 67%, and very healthy level below 37%.
[2]. Interest cover 7x (more than required “safest level” 3x)
Notes:
[a]. For those who are new with ABC Pattern Analysis,
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