Be that as it may, Wing Tai’s gearing is at a meagre 8%. Its net asset value (NAV) as at June 30 stood at $4.13 compared to its last traded price on Oct 13 of $1.43. The low this year was $1.30.
Going by filings on SGXnet, the chairman of Wing Tai Holdings (SGX:W05
) views his company’s shares as an attractive investment. The chairman’s wife has been buying shares in his company regularly, including on Oct 13. The chairman’s deemed interest has crept up from 60.92% as announced on Sept 8 to 61.04% based on filings on SGXnet.
Wing Tai announced a set of dismal results for its FY2023 for the 12 months to June 30. Its full year net profit fell by some 91% to a tad above $13 million, although excluding fair value losses net profit would be a lot more, at $131 million. More than, in 2HFY2023, Wing Tai recorded a net loss.
