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Wing Tai Holdings
Property
Wing Tai to acquire Lakeside Apartments in collective sale
Wing Tai to acquire Lakeside Apartments in collective sale for $273.89 million
May 26, 2022
M&A
Wing Tai acquires remaining 50% interest in 464 St Kilda for A$49.4 mil
Wing Tai acquires remaining 50% interest in St Kilda property for A$49.4 mil
March 31, 2022
Results
Wing Tai Holdings sees 5% dip in 1HFY2021 earnings to $53.8 mil
As at Dec 30, 2021, the group’s net asset value (NAV) per share was $4.18.
February 10, 2022
Cheng family raises stake in Wing Tai; funds sell PLife REIT and The Hour Glass
On July 9, Fidelity sold 347,700 shares of luxury watch purveyor The Hour Glass for $511,398 or an average of $1.47 each.
July 23, 2021
Results
Wing Tai Holdings posts 73% growth in 1H20 earnings to $56.8 mil
Earnings per share (EPS) for the period came in at 6.53 cents on a fully diluted basis.
February 03, 2021
Broker's Calls
Analysts mixed on Wing Tai Holdings following its 2H20 net loss of $16.8 mil
CGS-CIMB has upgraded the stock to "buy", while OCBC has reduced its target price despite maintaining its “buy” recommendation.
September 03, 2020
Disruption and Digitalisation
Data is the new black gold
SINGAPORE (Sept 23): In a few fiery moments, the drone strikes on Saudi Aramco’s main facility at Abqaiq cut 5% off the global oil supply. Oil prices surged as much as 20% when the markets reopened as analysts scrambled to make sense of the impact. The
September 20, 2019
Markets
British currency takes a pounding as Queen approves Parliament suspension plan
SINGAPORE (Sept 2): The British pound dropped over 1% as newly minted Prime Minister Boris Johnson gained approval from Queen Elizabeth II to suspend Parliament, a move many say will devastate any attempts by members of Parliament to stop a no-deal Brexit
August 30, 2019
Results
Wing Tai FY19 earnings down 79% to $46.8 million on lower revenue and contributions from development properties
SINGAPORE (Aug 27): Property group Wing Tai holdings reported FY19 earnings of $46.8 million, down 79% from $225.2 million recorded at the end of FY18.
August 27, 2019