- Wingtech Tech’s net income for the first quarter fell short of estimates, coming in at 143.4 million yuan compared to the estimated 701.8 million yuan.
- However, the company’s revenue surpassed expectations, reaching 16.25 billion yuan against the estimated 15.85 billion yuan.
- Earnings per share (EPS) were reported at 12 RMB cents. This fall below the expectation of 54 RMB cents per share.
- Despite these results, Wingtech Tech has remained a favoured investment, with 24 buys and 2 holds. Interestingly, there were no sells.
A look at Wingtech Technology Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Wingtech Technology is showing promise in the long run with a solid Value score of 4, indicating a positive outlook for its financial health and performance. However, investors should take note of the lower Dividend score of 1, suggesting limited returns in terms of dividend payouts. The company’s Growth score of 3 reflects moderate potential for expansion, coupled with Resilience and Momentum scores both at 3, indicating a stable and steady performance trajectory.
Specializing in manufacturing communications equipment such as mobile phones and tablets, Wingtech Technology also diversifies its portfolio with involvement in real estate development, hotel management, and financing. With a mixed bag of Smart Scores, prospective investors may consider the company’s overall outlook as cautiously optimistic, balancing growth potential with dividend expectations.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
