Wing Tai Holdings

Wing Tai chairman's wife raises stake in company, now have combined voting shares of 61.42% - THE EDGE SINGAPORE

Insider moves

Wing Tai chairman's wife raises stake in company, now have combined voting shares of 61.42%

Helen Chow first began buying Wing Tai shares on Sept 8, 2023.

Results

Wing Tai earnings down 68% y-o-y to $20.5 mil for 1HFY2024

Wing Tai recorded a 1HFY2024 revenue of $97.7 million, 63% lower y-o-y due to a lower contribution from development properties.

Company in the news

Wing Tai Holdings acquires Melbourne property for A$28 mil

The acquisition is not expected to have a material impact on Wing Tai's net asset value.
This developer’s 8% gearing ratio and 0.34x P/NAV is attractive to its chairman  - THE EDGE SINGAPORE

Property

This developer’s 8% gearing ratio and 0.34x P/NAV is attractive to its chairman

Two properties companies are trading at 0.3 and 0.34 P/NAV. Which is a better privatisation candidate?

Insider moves

OUE resumes share buybacks; Wing Tai chairman's wife actively buying

OUE bought back more than 22.4 million shares under its mandate last year

Results

Wing Tai earnings down 91% to $13.3 mil for FY2023

Its share of associated and joint venture companies came in at a loss of $10.4 mil compared to a profit of S$112.2 mil in FY2022.

Results

Wing Tai issues profit guidance, expects 'significant decrease' in net profit for FY2023

Wing Tai will release its results for FY2023 ended June on Aug 25.
Wing Tai rescinds contract for the collective purchase of Holland Tower - THE EDGE SINGAPORE

Property

Wing Tai rescinds contract for the collective purchase of Holland Tower

The group says the non-completion of the acquisition has no material impact on its NAV.
Better outlook for Wing Tai with new additions to landbank and Uniqlo JV rides on recovery - THE EDGE SINGAPORE

Broker's Calls

Better outlook for Wing Tai with new additions to landbank and Uniqlo JV rides on recovery

Lim & Tan Securities keep 'accumulate' on Wing Tai as its outlook seems to be improving.
×