Wing Tai

'Pent-up demand' to drive Singapore's residential recovery this year: UOB KH
SINGAPORE (Jan 18): UOB Kay Hian is maintaining “overweight” on Singapore’s property sector with a preference for stocks with exposure to the residential, hotel and office segments as the market heads deeper into the upcycle. In a Friday report, lead analyst Vikrant Pandey shares some of his key takeaways from the Built Environment & Property Prospects Seminar 2018, which took place ...
Are you ready for the next property boom?
SINGAPORE (Sept 29): It seems like only yesterday that property developers were complaining about punitive property cooling measures and struggling to get unsold units off their books. But according to some analysts, the local property market has actually been steadily recovering for more than a year. “In the eyes of agents and marketing consultants, prices in the high-end segment had ...
Wave of recovery to spread to mid and high end properties: UOB
SINGAPORE (Sept 18): Singapore property prices are expected to rise by 5-10% next year after bottoming out this year as the nascent recovery spreads to the mid-range and high-end segments in the next wave, says UOB Kay Hian. This is driven by replacement demand from buyers who have sold their homes in en bloc sales and a pickup in homebuying interest from foreigners, says UOB Kay Hian lead ...
Wing Tai wins over analysts with compelling valuation, healthy balance sheet
SINGAPORE (Aug 29): OCBC is maintaining its “buy” on Wing Tai with an unchanged target of $2.37 for its compelling valuation and healthy balance sheet which positions it in a position to benefit from firmer conditions in the domestic housing sector. In 4Q17, Wing Tai’s PATMI surged fivefold to $9.5 million mostly due to a positive lift from taxes and higher share of profits from ...
17 hot stock picks following a season of strong 2Q gains
SINGAPORE (Aug 17): UOB Kay Hian has upgraded its FTSE Straits Times Index (FSSTI) target forecasts up to 3,410 from 3,250 previously on “pockets of solid outperformances”  in the 2Q17 financial reporting season, which concluded this week.   In a Thursday report, analyst Andrew Chow recaps on what he calls an encouraging 2Q17 reporting season, which saw 28% of companies reporting ...
Conservative land-banking stance working against Wing Tai, says Maybank
SINGAPORE (May 12): Maybank Kim Eng Research continues to rate Wing Tai at “hold” following the release of the property and lifestyle group’s 3Q earnings results on Thursday, while raising its target price on the stock by 5 cents to $1.85 to factor in higher market value of the group’s listed entities, Wing Tai Malaysia and Wing Tai Properties. (See also: Wing Tai 3Q earnings more than ...
ST Engineering, Wilmar, ThaiBev, CityDev, Haw Par, Wing Tai
SINGAPORE (May 12): Here are some stocks to watch this Friday morning: ST Engineering announced 1Q17 earnings of $103.4 mil, 6% lower from $110.2 million reported in the previous year. Group revenue for the quarter was $1.5 billion, 5% down from $1.6 billion. See: ST Engineering posts 6% decline in 1Q earnings to $103 mil Agribusiness Wilmar International reported a 51% rise in 1Q ...
Wing Tai 3Q earnings more than treble to $7.4 mil on higher share of profits, lower earnings
SINGAPORE (May 11): Property group Wing Tai reported a more than trebling of 3Q earnings to $7.4 million from $2.1 million a year ago. Group revenue for the 3Q ended March fell 35% to $73.5 million but share of profits of associated and JV companies rose 24% to $16.9 million while finance costs fell 21% to $9.3 million. For the nine months ended March, earnings more than doubled to $10.6 ...
OUE has most opportunities for RNAV crystallisation, says Deutsche
SINGAPORE (March 6): Deutsche Bank likes OUE for having the most opportunities for RNAV crystallisation among the developers under its coverage. Given the likelihood of the US Bank Tower divestment and thus a special dividend, Deutsche ranks OUE our top Singapore mid-cap pick. In a Friday report, Deutsche also reiterates its strategy to “hold the developers and trade the REITs” through ...
Auric Pacific, GSH Corp, Wing Tai, RHT Health Trust
SINGAPORE (Feb 7): Here are some stocks that could move the market this Monday morning. Auric Pacific Group has received a privatisation offer of $1.65 per share from Silver Creek Capital, an entity jointly owned by Dr Stephen Riady and Dr Andy Adhiwana. The offer values the company at $208 million. Auric Pacific last closed at $1.455. See Stephen Riady makes cash offer to take Auric ...