Wing Tai

What’s next for Wing Tai after earnings miss
SINGAPORE (Aug 23): Maybank Kim Eng is maintaining its “hold” call on Wing Tai Holdings with an unchanged price target of $1.71, while UOB Kay Hian is keeping its “buy” recommendation with a target price of $2.37. On Monday, Wing Tai announced full-year earnings of $7.08 million, 95% down from $150.3 million in FY15. (See Wing Tai’s full-year earnings plunge 95% to $7.1 ...
SGX, SATS, Wing Tai, IPS Securex, Chip Eng Seng, Ley Choon
SINGAPORE (Aug 23): Here are some stocks that could move the market this Tuesday morning: The Baltic Exchange's board has unanimously recommended that its shareholders vote in favour of Singapore Exchange's (SGX) proposed acquisition. As earlier announced, SGX said Baltic shareholders will receive £160.41 per share in cash. They will also receive £18.80 per share in cash as a special ...
Best stocks to buy in a season of uncertainty
SINGAPORE (Aug 18): UOB Kay Hian further cut its 2016F market EPS growth estimates to –8.1% from –2.4% after what it calls “another quarter to forget” of disappointing results under the research house’s coverage climbed up to 37% in 2Q from 34% in the first quarter. “Other than resilient sectors such as healthcare, land transport and S-REITs, most sectors suffered declines in ...
Underperforming CityDev could get a boost
SINGAPORE (July 12): City Developments Limited (CDL) has taken a beating since the Brexit vote. But a potential Profit Participation Securities (PPS) following its Nouvel 18 acquisition could give it a much-needed boost. “CDL has underperformed the FSSTI Index by 7.7% since the Brexit vote, eroding year-to-date outperformance to 4.3% on the back of its UK exposure,” says Deutsche Bank ...
CityDev out in front with ‘opportunistic’ purchase of Wing Tai’s 50% Nouvel 18 stake
SINGAPORE (July 7): City Developments’ (CDL) $410.96 million acquisition on Tuesday of Wing Tai’s 50% shareholding interest in Summervale Properties is believed to be motivated by Qualifying Certificate (QC) charges on due end-November. Summervale is the owner and developer of Nouvel 18, a freehold residential development project on an exclusive prime real estate site of 112,098 sq ft ...
5 radical changes ‘struggling’ Singapore needs: Maybank
SINGAPORE (June 30): Maybank Kim Eng on Wednesday said Singapore needs to make “radical changes” to guard against a precipitous loss of relevance to global markets. “With sub-2% GDP growth expectations and EPS contractions for equities, Singapore is struggling,” says Maybank lead analyst Derrick Heng. According to Heng, some of the attributes that have been responsible for ...
Wing Tai kept at ‘buy’ by OCBC with $2.43 fair value despite tough quarter ahead
SINGAPORE (May 10): OCBC is sticking to its ‘buy’ on property group Wing Tai Holdings with $2.43 fair value. “Despite significant sector headwinds, we continue to see value in its shares, now priced at an undemanding 0.43x PB,” says lead analyst Eli Lee in a Tuesday report. Lee says Wing Tai is well-positioned to ride out the present downcycle with its portfolio of prime residential ...
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