Good Day, asmundar-ga.
If this query has already been answered in a different posting, please
feel free to reject my answer here.
I. A 5 year financial summary is available for your analysis.
http://216.239.37.100/search?q=cache:-Q4JrPPbnYcC:www.wingtaiasia.com.sg/finance/2001_financial_review.pdf+Wingain+Holdings+Services+&hl=en&ie=UTF-8
www.wingtaiasia.com.sg/finance/1999_fin_revw.pdf
www.wingtaiasia.com.sg/finance/ 2001_financial_review.pdf
Please note that this analysis can be viewed as an html or pdf file.
Downloading the pdf file to your computer would be convenient for your
future reference or multiple printings.
As to the credibility of these financial reports, the business world
continues to appreciate the ethics of the professional accountants and
auditors employed to prepare accurate analyses of the business, but in
the current climate we must approach any financial product such as
annual reports or financial summaries with increased vigilance and
caution.
II. The webpage for Wingain is a source of much information and you
might enjoy visiting that site.
http://www.wingtaiasia.com.sg/
Note: As you enter this site, you might note that "Architectural" is
mispelled as "Architechtural". This might be trivial and it might be
acceptable in Singapore, but a webpage in English should at the least
have a beneficial encounter with a spellchecker.
At the above site you will discover information such as: "
Wing Tai Holdings Limited has been listed in Singapore since 1989. It
is one of the leading property developers in Singapore, widely
recognised for quality in its property developments. The Group and its
associated companies are currently developing some 3.0 million square
feet of property in Singapore, Malaysia, Hong Kong and..."
And note its business philosopy which begins thus: "
There is one principle which is fundamental to our business and guides
us through good days and tough times - Fair Dealing. We seek always to
achieve a win-win balance for the wide network of people we associate
with around the world: those we service, those we employ and those we
become partners with."
III. The companies sitemap is loaded with the type of information
that you seek. http://www.wingtaiasia.com.sg/sitemap.html
Among its displays are downloadable financial reports that are crucial
to your analysis of this company.
You will notice statements such as:
"b) Subsequent Events
In the opinion of the Directors, no item, transaction or event of a
material or unusual nature has arisen between 30 June 2001 and the
date of this announcement which would affect substantially the results
of the Company and the Group for the year ended 30 June 2001.
8. Current Year Prospects
In view of the uncertainties in the global markets, cautious
sentiments are expected to prevail in the Singapore property market.
However, profit recognition from sales of units in The Tessarina and
Burlington Square Residence as well as rental income from investment
properties will underpin the operating results for the current
financial year. But in the face of possible further deterioration in
market conditions, additional provision for foreseeable losses on
development properties may be required and this may result in a loss."
As a caveat, please be aware of audited versus unaudited financial
statements.
At the corporate site you will note that the company clearly
identifies its unaudited financial statements.
It is very important that you review the financial highlights as they
show the last 5 years with the most recent being the fiscal year ended
June, 2001.
As the annual report and related financial statements for the fiscal
year ended June 30, 2002 are not listed, it is in your best interest
to have the company send you the latest figures when they are
available.
Note that the earnings per share was 7.5 for the fiscal year June 30,
2000
versus the eps of 1.9 for FY ended June 30, 2001. Investors should be
very interested in comparing these earlier years to the results for
the recent Fiscal Year ended June 30, 2002!!!
The site also contains a convenient page for your queries. Hopefully,
you can request any information desirable to the cautious investor and
receive a speedy reply from the company.
http://www.wingtaiasia.com.sg/enquiry.html
The company has a hotline number if you wish to call them:
"FOR MORE INFORMATION
Call our hotline at (65) 6380 3800.
"
Other corporate contact information: (Don't forget the area code (65):
Contact details
Address:
107 Tampines Road
Singapore 535129
Staff's Extension Numbers:
Assist Sales Manager, Ms Wong Heng, ext 3098
Senior Sales Executive, Ms Patricia Sim, ext 3125
Sales Executive, Mr. Jeffrey Chua, ext 3124
Sales Executive, Ms May Wong, ext 3117
Technical Head, Mr. Paul Tan, ext 3127
Site Coordinator, Mr. Roger Lim, ext 3110
Sales Coordinator, Ms Magala, ext 3083
Sales Coordinator, Ms Catherine King, ext 3083
Accounts Executive, Ms Chua Xing Chen, ext 3740
Telephone number:
287-1011 (General line)
380-3783 (Department direct line)
Fax number:
280-6231
Email:
bathdept@wingtaiasia.com.sg
Please note our working hours:
8.30 am to 6.00 pm (Monday - Friday), lunch time: 1.00pm to 2.00pm
8.30 am to 12.30 noon (Alternative Saturday)
III. Hoover's online is highly recommended,asmundar-ga. Please go
there for very useful and important information.
An example of that site:
"Wing Tai Holdings has the big stuff -- housing, clothing, and
sustenance -- covered. Most of its revenues come from residential and
commercial property interests in Singapore, Hong Kong, China, and
Malaysia. However, Wing Tai's historic roots in the garment industry
show up in its clothing stores (G2000, U2, Miss Selfridge, Warehouse,
and more). Other operations include fast-food restaurants, hotels,
architectural and building materials businesses, and WingTai
iAdvantage Internet Data Centre (a joint venture with a subsidiary of
Hong Kong developer Sun Hung Kai Properties), which provides Internet
services to Southeast Asian companies. Wing Tai has teamed with
insurer AIG to develop properties in Singapore"
http://www.hoovers.com/co/capsule/6/0,2163,56806,00.html
http://www.hoovers.com/co/capsule/6/0,2163,56806,00.html(intentional
duplication for emphasis!)
The Hoover site mentions Wingtai's competitors as well!
"Top Competitors
CapitaLand | First Capital Corporation | Hysan Development "
I think this is the information you wanted, asmundar-ga. If I can
assist you further, please let me know.
Brad-ga |
